Compostable Garbage Bags Market worth $731.44 million by 2030, growing at a CAGR of 7.20% - Exclusive Report by 360iResearch

The "Compostable Garbage Bags Market by Capacity (11-30 Kilograms, Above 30 Kilograms, Up to 10 Kilograms), Thickness (21-50 Micron, 51-75 Micron, Above 75 Micron), Distribution, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Compostable Garbage Bags Market to grow from USD 449.43 million in 2023 to USD 731.44 million by 2030, at a CAGR of 7.20%.

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Compostable bags are a type of bag designed to break down and decompose into organic matter in composting environments. Compostable bags are manufactured using natural plant starch which breaks down readily in a composting system through microbial activity to form compost. Compostable bags must meet specific standards and certifications, such as the ASTM D6400 or EN 13432 standards which ensure that the bags break down within a specific timeframe and leave behind minimal residue or toxins. Growing concerns about environmental sustainability and the availability of regulations and policies to reduce plastic waste and promote sustainable waste management practices are driving the demand for compostable bags. The availability and accessibility of composting facilities and continued innovation in compostable bag materials, design, and performance are expected to expand the scope of compostable garbage bags.

Growing environmental consciousness among consumers, businesses, and governments is elevating the usage of compostable garbage bags across the Americas, Asia-Pacific, and Europe. There is an increasing demand for sustainable goods, such as sustainable garbage bags, as a result of greater awareness of the damage that plastic waste causes to ecosystems. Several countries in the Asia-Pacific region are implementing regulations and policies to address plastic pollution and promote sustainable practices. Bans on single-use plastics and plastic bag restrictions have been enacted in countries such as China, India, and Australia, subsequently expanding the scope for compostable garbage bags in Asia-Pacific. The EMEA region has a well-established waste management infrastructure, particularly in European countries. Municipalities and waste management companies implemented comprehensive waste collection and recycling systems, thereby creating a platform for global compostable garbage bags in EMEA.

Market Segmentation & Coverage:

This research report categorizes the Compostable Garbage Bags Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Capacity, market is studied across 11-30 Kilograms, Above 30 Kilograms, and Up to 10 Kilograms. The 11-30 Kilograms is projected to witness significant market share during forecast period.

Based on Thickness, market is studied across 21-50 Micron, 51-75 Micron, Above 75 Micron, and Less 20 Micron. The 21-50 Micron is projected to witness significant market share during forecast period.

Based on Distribution, market is studied across Offline and Online. The Offline is projected to witness significant market share during forecast period.

Based on Application, market is studied across Commercial, Industrial, and Residential. The Residential is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Compostable Garbage Bags Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Compostable Garbage Bags Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Compostable Garbage Bags Market, highlighting leading vendors and their innovative profiles. These include ALUF Plastics, Arihant Industries, Bag to Earth, BASF SE, BioBag International AS., Biograde Nanjing Pty. Ltd. by SECOS Group, Compost Bag China, Dunplast Poly Bag Ltd., Easy Flux, Easy Flux polymers Pvt Ltd, Go-Compost Fam, Green Paper Products, Grove Collaborative, Inc., Hytrend Investments Group, International Plastics Inc., Koninklijke Paardekooper Group, Leadpacks (Xiamen) Environmental Protection Packing Co., Ltd., Monopacking, Natur-Tec by Northern Technologies International Corporation., Navkar Plastic, Novolex, Plasto Manufacturing Company, Polykar Industries Inc., Shandong Aisun ECO Materials Co., LTD., Symphony Polymers Private Limited, The Clorox Company, UNNI Corporation, US Poly Pack, Vegware Ltd, Vivagreen Group., and VOUSSERT SAS.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Compostable Garbage Bags Market, by Capacity
7. Compostable Garbage Bags Market, by Thickness
8. Compostable Garbage Bags Market, by Distribution
9. Compostable Garbage Bags Market, by Application
10. Americas Compostable Garbage Bags Market
11. Asia-Pacific Compostable Garbage Bags Market
12. Europe, Middle East & Africa Compostable Garbage Bags Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Compostable Garbage Bags Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Compostable Garbage Bags Market?
3. What is the competitive strategic window for opportunities in the Compostable Garbage Bags Market?
4. What are the technology trends and regulatory frameworks in the Compostable Garbage Bags Market?
5. What is the market share of the leading vendors in the Compostable Garbage Bags Market?
6. What modes and strategic moves are considered suitable for entering the Compostable Garbage Bags Market?

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