Europe Trash Bags Market was valued at US$ 2345.00 million in 2022, according to Europe Trash Bags Market Report, by Material Type (Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), Linear Low Density Polyethylene (LLDPE), Polypropylene (LBP), and Others (Woven Polypropylene, etc.)), by Capacity (Up to 5 Gallons, 6-10 Gallons, 11-15 Gallons, 16-20 Gallons, and 21 Gallons & above), by Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Online, and Departmental Stores), by Application (Residential, Commercial, and Industrial), as published by Coherent Market Insights.
Europe trash bags market is expected to surpass US$ 3656.57 million by 2030, exhibiting a CAGR of 5.09% during the forecast period (2023-2030). The growth of the Europe trash bags market is expected to be driven by increasing waste generation and growing need for waste management. Moreover, municipal corporations are focusing on separate collection of waste for proper waste management.
Europe Trash Bags Market - Impact of Coronavirus (COVID-19) Pandemic
The manufacturers had experienced supply chain disruptions in the first half of the year due to lockdown in various countries. However, once the economies started resuming, the supply chain is normalized. The pandemic had a short-term impact on the sales and production of trash bags. Waste bags in patient rooms should be replaced frequently. Waste collected from cleaning healthcare facilities should be treated as an infectious waste category, waste from non-healthcare settings should be disposed in a separate bag, and waste from general settings should be disposed of in the residual waste bag. Thus, the need for proper waste management during the coronavirus crisis is expected to drive demand for trash bags market.
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Key Trends and Analysis of the Europe Trash Bags Market:
Among countries, Rest of Europe (The Netherlands, Belgium, Austria, Switzerland, Denmark, and Others) accounted for a significant market share in 2019. Huge amount of waste generation is expected to drive the trash bags market growth in Europe over the forecast period. For instance, According to European Environment Agency, between 2010 and 2016, the total waste generation increased by 3.0% (around 74.7 million tons) in the EU-28 countries. Absolute total waste increased by 6.0% (48.1 million tons) and generation per capita went up by 70 kg per capita.
Key Takeaways of the Market:
Low density polyethylene (LDPE) segment generated a revenue of US$ 818.3 Mn, in terms of value, in 2019 and is expected to generate a revenue of US$ 1,168.1 Mn by 2027, exhibiting a CAGR of 4.8%. LDPE trash bags are used in various industries such as automobile, chemical, pharmaceutical, garments, textile, and others for the packing of products.