Europe Trash Bags Market to Showcase Attractive Growth Opportunities 2027 | Cosmoplast, Kemii Garbage Bag Co. Ltd.

By 2027, the European garbage bag market is estimated to reach $2,876.2 million, with a CAGR of 4.7 percent over the forecast period (2020-2027). The increased requirement for waste management is predicted to boost the expansion of the European trash bag industry. Furthermore, for proper trash management, municipal organisations are focused on separate waste collection. For example, in 2011, Milan (Italy) implemented separate kitchen trash collection for composting and anaerobic digestion. Small bins with a particular airy structure collect kitchen waste twice a week. The system, which serves 1.4 million people, has been a major factor in raising the separate collection rate from 35% to 54%.

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Key players operating in the Europe trash bags market include Cosmoplast, Kemii Garbage Bag Co. Ltd., Berry Global Inc., Novolex, Pack-It B.V., Novplasta CZ, Sro, Emil Deiss KG, Dagoplast, Achaika Plastics S.A., and Terdex GmBH

In terms of value, the low density polyethylene (LDPE) category created US$ 818.3 million in 2019 and is predicted to generate US$ 1,168.1 million by 2027, a CAGR of 4.8 percent. LDPE trash bags are used for product packaging in a variety of industries, including automobiles, chemicals, pharmaceuticals, clothing, textiles, and others. The merchandise is protected from dust, rain, and transit damage with these LDPE bags.

Europe Trash Bags Market - Impact of Coronavirus (Covid-19) Pandemic

The manufacturers experienced supply chain disruption in the first half of the year due to lockdown in various countries. However, once the economies started resuming, the supply chain has been normalized. The pandemic had a short term impact on the sales and production of trash bags. The waste bags in the patient room should be replaced frequently. The wastes collected from cleaning healthcare facilities should be treated as infectious waste category, waste from non-health care settings should be disposed off in a separate bag, and wastes from general settings should be disposed off in the residual waste. The need for proper waste management during the coronavirus crisis is expected to drive demand for trash bags.

Key features of the study:

This report provides in-depth analysis of Europe trash bags market, and provides market size (US$ Million and KT) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players

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It profiles key players in the Europe trash bags market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

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