Published by Coherent Market Insights
Posted on September 13, 2021
Trash bags are mainly used for the collection, storage, transportation, and disposal of waste. A huge amount of waste is generated from multiple places and areas. This includes marketplaces, restaurants, households, schools, offices, commercial complexes, industries, agriculture, and other areas.
The European trash bags market is estimated to surpass US$ 2,876.2 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 4.7% during the forecast period (2020 to 2027).
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/4450
Drivers
Increasing waste generation is expected to drive demand for trash bags over the forecast period. According to European Commission, 492 kg of municipal waste per capita was generated in 2018. In total, 220 million tons of municipal waste was generated in EU in 2018, which was slightly higher than the municipal waste generated in 2017 (218 million tons). Denmark generated the most municipal waste per person among EU countries (766 kg per capita) in 2018. Other EU countries that generated more than 600 kg of municipal waste per person include Malta (640 kg), Cyprus (637 kg), Germany (615 kg), and Luxembourg (610 kg).
Market Trends
Key players are focusing on launching new products in order to strengthen their market presence in the European trash bags market. For instance, in November 2019, Novolex launched Eco Blend Max, a new line of trash can liners made with 50% post-consumer recycled (PCR) plastic. These trash can liners are designed to fit the commonly available trash cans. In December 2019, TOWNEW Intelligent Technology Co., Ltd launched an automatic trash can, ‘Townew’, fitted with a refill ring that contains recyclable material to create 25 trash bags. Its touchless design opens the lid with a wave of the hand. When full, a button press on the front seals the bag, opens the top assembly for bag removal, then closes to pull a new bag into place. “Before Buying Check Our Discount For Your Better Business”:
Europe Trash Bags Market – Impact of Coronavirus (Covid-19) Pandemic
Outbreak of coronavirus has impacted the trash bag market industry in Europe. The coronavirus pandemic is expected to have little impact on the Europe trash bags market. The increasing awareness of hygiene, cleanliness, and immunity among consumers and their concern for prevention of germs & other contaminants are expected to drive demand for trash bags during the pandemic. Moreover, people are more focused on purchasing of essential products such as food, personal care, and hygiene products.
Competitive Section
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
The post Europe Trash Bags Market Trends May Hit Record value with Double-Digit CAGR by 2027 appeared first on Gatorledger.
Trash bags are mainly used for the collection, storage, transportation, and disposal of waste. A huge amount of waste is generated from multiple places and areas. This includes marketplaces, restaurants, households, schools, offices, commercial complexes, industries, agriculture, and other areas.
The European trash bags market is estimated to surpass US$ 2,876.2 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 4.7% during the forecast period (2020 to 2027).
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/4450
Drivers
Increasing waste generation is expected to drive demand for trash bags over the forecast period. According to European Commission, 492 kg of municipal waste per capita was generated in 2018. In total, 220 million tons of municipal waste was generated in EU in 2018, which was slightly higher than the municipal waste generated in 2017 (218 million tons). Denmark generated the most municipal waste per person among EU countries (766 kg per capita) in 2018. Other EU countries that generated more than 600 kg of municipal waste per person include Malta (640 kg), Cyprus (637 kg), Germany (615 kg), and Luxembourg (610 kg).
Market Trends
Key players are focusing on launching new products in order to strengthen their market presence in the European trash bags market. For instance, in November 2019, Novolex launched Eco Blend Max, a new line of trash can liners made with 50% post-consumer recycled (PCR) plastic. These trash can liners are designed to fit the commonly available trash cans. In December 2019, TOWNEW Intelligent Technology Co., Ltd launched an automatic trash can, ‘Townew’, fitted with a refill ring that contains recyclable material to create 25 trash bags. Its touchless design opens the lid with a wave of the hand. When full, a button press on the front seals the bag, opens the top assembly for bag removal, then closes to pull a new bag into place. “Before Buying Check Our Discount For Your Better Business”:
Europe Trash Bags Market – Impact of Coronavirus (Covid-19) Pandemic
Outbreak of coronavirus has impacted the trash bag market industry in Europe. The coronavirus pandemic is expected to have little impact on the Europe trash bags market. The increasing awareness of hygiene, cleanliness, and immunity among consumers and their concern for prevention of germs & other contaminants are expected to drive demand for trash bags during the pandemic. Moreover, people are more focused on purchasing of essential products such as food, personal care, and hygiene products.
Competitive Section
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
The post Europe Trash Bags Market Trends May Hit Record value with Double-Digit CAGR by 2027 appeared first on Gatorledger.
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