Press release
Trash Bags Market is Likely to Experience a Tremendous Growth in Near Future
Trash bags are one of the most efficient products for handling garbage generated from various sources. Trash bags are used to handle food waste from households and restaurants, toilet waste, medical waste, industrial waste, and commercial waste. Trash bags are manufactured from two main types of polymers – low-density polyethylene (LDPE) and high-density polyethylene (HDPE). HDPE offers additional strength and water proofing to trash bags. Trash bags manufactured from polyethylene are non-biodegradable in nature and hence, cause environmental pollution. To reduce environmental pollution, biodegradable plastics such as poly-lactic acid, which is derived from corn-starch, is generally used.
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Increasing concern regarding hygiene in emerging economies such as China and India has increased the adoption of trash bags in these countries to avoid any health issues. Increasing disposable income of people in emerging economies is a major factor that drives growth of the trash bags market. For instance, according to the Ministry of Statistics and Programme Implementation (India), disposable income in the country increased to US$ 2693478.5 Mn in 2018 from US$ 2369487.4 Mn in the previous year.
Asia Pacific remains the major market for trash bags and is expected to grow at above average rates mainly due to increasing population and higher demand for waste handling products and services in the region. For instance, according to the UN report published in June 2019, the population in India is expected to grow at a faster pace, adding 273 million people to its current total of 1.34 Billion by 2050.
Key players operating in the global trash bags market include The Clorox Company, Berry Global Inc., Reynolds Consumer Products, Novolex, Inteplast Group, Ltd., Poly-America, L.P., Four Star Plastics, International Plastics, Inc, Cosmoplast Industrial Company (L.L.C.), Terdex, and Novplasta S.R.O.
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Increasing concern regarding hygiene in emerging economies such as China and India has increased the adoption of trash bags in these countries to avoid any health issues. Increasing disposable income of people in emerging economies is a major factor that drives growth of the trash bags market. For instance, according to the Ministry of Statistics and Programme Implementation (India), disposable income in the country increased to US$ 2693478.5 Mn in 2018 from US$ 2369487.4 Mn in the previous year.
Asia Pacific remains the major market for trash bags and is expected to grow at above average rates mainly due to increasing population and higher demand for waste handling products and services in the region. For instance, according to the UN report published in June 2019, the population in India is expected to grow at a faster pace, adding 273 million people to its current total of 1.34 Billion by 2050.
Key players operating in the global trash bags market include The Clorox Company, Berry Global Inc., Reynolds Consumer Products, Novolex, Inteplast Group, Ltd., Poly-America, L.P., Four Star Plastics, International Plastics, Inc, Cosmoplast Industrial Company (L.L.C.), Terdex, and Novplasta S.R.O.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com
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