A Comprehensive Analysis of the Compostable & Biodegradable Refuse Bags Market by 2033

The compostable & biodegradable refuse bags market is predicted at a valuation of US$ 318.1 million in 2023 and is expected to reach US$ 653.0 million by 2033. The market is likely to register a CAGR of 7.5% during the forecast period.

Compostable and biodegradable refuse bags are designed to break down naturally over time, leaving behind no harmful residue or pollutants. These bags are made from renewable resources such as cornstarch, plant fibers, or bioplastics, which significantly reduce their carbon footprint. The Compostable & Biodegradable Refuse Bags Market is witnessing significant growth due to increasing awareness about environmental issues and the need for sustainable waste management practices.

The market for compostable and biodegradable garbage bags is being driven by a variety of end-use sectors, including retail, industrial, and institutional. The demand for compostable & biodegradable refuse bags is rising due to rising waste, poor garbage management and diseases from uncollected garbage. Also, expanding enterprises, lodging facilities, dining establishments, medical facilities, and commercial locations are increasing the use of compostable and biodegradable garbage bags.

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Manufacturers are focused on manufacturing sustainable bags to reduce environmental plastic pollution. According to a survey, around 150 million metric tons (MMT) of plastic are already floating in the oceans, and due to its hazardous chemical, millions of aquatic animal's life die annually. Moreover, several reports found that micro-plastics can affect plants’ soil pH and rooting ability. Therefore, manufacturers have been using eco-friendly solutions to develop paper bags to control environmental pollution.

Which Product Type Segment is leading in the Market?

The compostable category leads the product type segment in the global market by capturing a CAGR of 7.2% during the forecast period. The compostable segment is increasing due to its natural plant stretch. These bags are biodegradable, leak-proof, and fully recyclable. As a result, the demand for compostable bags is growing due to their superior advantages and quality.

Key Takeaways:

Who is Winning?

The prominent vendors are growing the market by contributing essential roles during the forecast period. Globally, the rising pollution through plastic is a huge problem. To solve this problem, manufacturers are using sustainable and innovative products that may reduce environmental pollution. Therefore, rising research and development activities to use eco-friendly bags are expected to increase the market growth.

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Prominent Players in the Market are as follows:

Recent Developments in the Compostable & Biodegradable Refuse Bags Market are:

In Jun 2020, India's leading Oxo-biodegradable and compostable bags- Ecosac Utility Bags, introduced Kachra Sack Line bags. These bags are eco-friendly and efficient in controlling environment pollution.

Factors Driving the Adoption of Compostable & Biodegradable Refuse Bags

1. Rising Environmental Concerns

With the detrimental effects of plastic pollution becoming increasingly evident, consumers are actively seeking alternatives that have minimal impact on the environment. Compostable and biodegradable refuse bags offer a sustainable solution by reducing plastic waste and its harmful consequences.

2. Government Regulations and Policies

Government bodies worldwide are implementing stringent regulations and policies to curb plastic pollution. Many countries have banned single-use plastic bags or imposed taxes on their usage. This has created a favorable environment for the growth of compostable and biodegradable refuse bags as an alternative.

3. Growing Consumer Awareness

Consumers are now more conscious of their purchasing decisions and the impact they have on the environment. The demand for eco-friendly products, including compostable and biodegradable refuse bags, is on the rise as people actively seek ways to reduce their carbon footprint.

4. Corporate Social Responsibility (CSR) Initiatives

Companies are recognizing the importance of sustainable practices and aligning their operations with environmental goals. By opting for compostable and biodegradable refuse bags, businesses can showcase their commitment to sustainability and gain a competitive edge.

5. Advancements in Technology and Manufacturing Processes

Technological advancements have led to the development of innovative materials and manufacturing processes that enable the production of high-quality compostable and biodegradable refuse bags. These bags now offer durability and functionality comparable to traditional plastic bags, making them a viable choice for consumers.

6. Growing Composting Infrastructure

As composting facilities become more widespread and accessible, the demand for compostable refuse bags is expected to increase. These bags can be conveniently disposed of in compost bins or municipal composting systems, where they break down naturally without leaving any harmful residue.

Compostable & Biodegradable Refuse Bags Market by Category

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