In terms of revenue, the global compostable & biodegradable refuse bags market is estimated to expand at a CAGR of 8.0% over the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.
Compostable & biodegradable are terms used to designate organic materials breaking down in specific environment condition. Refuse bags are disposable bags used to contain waste and rubbish. Compostable & biodegradable refuse bags are made up of organic material, which are obtained from plants. Such plant based materials which are used to make compostable & biodegradable refuse bags are starch blends (corn, potato and others), Polylactic acid (PLA), PHA, PBAT and other such materials. These refuse bags can undergo decomposition readily and have minimum negative impact on the environment.
The global market for compostable and refuse bags market is further segmented as per capacity, product type, speed, material type, thickness and end use.
On the basis of capacity type, global market for compostable & biodegradable refuse bags is segmented into 7-20 gallons, 20-30 gallons, 30-40 gallons, 40-55 gallons and above 55 gallons. On the basis of product type, global market for compostable & biodegradable refuse bags is segmented into biodegradable and compostable. On the basis of material type, global market for compostable & biodegradable refuse bags is segmented into PLA, PBS, PBAT, PHA, starch blends, cellophane and paper. On the basis of thickness, the global market for compostable & biodegradable refuse bags is segmented into 0-0.7 mil, 0.7-0.9 mil, 0.9-1.5 mil, above 1.5 mil. On the basis of end use, the global market for compostable & biodegradable refuse bags is segmented into retail and consumer, industrial and institutional.
This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the compostable & biodegradable refuse bags market.
The North America compostable & biodegradable refuse bags market Include country level analysis for the U.S. and Canada. The U.S compostable & biodegradable refuse bags market is expected to grow at a CAGR of 7.7% over the forecast period wherein compostable segment enjoy dominant share, by product type. The Latin America compostable & biodegradable refuse bags market include country level analysis for Brazil, Mexico, Argentina and Rest of Latin America. The Brazil compostable & biodegradable refuse bags market is expected to expand at a CAGR of 7.5% during the forecast period. The Western Europe compostable & biodegradable refuse bags market include country level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic and Rest of Europe. Germany and Italy account for a significant market share in the Western Europe compostable & biodegradable refuse bags market. The Eastern Europe compostable & biodegradable refuse bags market include country level analysis for Russia, Poland and Rest of Eastern Europe. The Russia compostable & biodegradable refuse bags market is expected to expand at a CAGR of 7.6% during the next decade. The Asia Pacific excluding Japan compostable & biodegradable refuse bags market includes country level analysis for China, India, ASEAN, Australia & New Zealand and Rest of APEJ. The APEJ compostable & biodegradable refuse bags market represent most lucrative geographic region wherein India and China represent substantial incremental opportunity over the forecast period. The Middle East and Africa (MEA) compostable & biodegradable refuse bags market include country level analysis for GCC, South Africa, North Africa and Rest of MEA. Compostable & biodegradable refuse bags market in the GCC region is particularly driven by high growth in the industrial segment. The Japan compostable & biodegradable refuse bags market is expected to expand at a CAGR of 5.3% over the forecast period.
