What is Recycling Bags?
Recycling bags and compost or biodegradable bags are used for such as food scraps and plastic packaging. Consumption of recycling bags are rising globally and can be attributed to the rising population in emerging economies, resulting in an increase in the generation of waste. An increase in disposable incomes and rising awareness about hygiene are expected to lead to the high consumption of recycling bags, this has led to significant growth of the global recycling bags market in the forecast period.
The market study is broken down by Type (Drawstring Bags, Star Sealed Bags, Wavetop, C-fold, Flat Seal, Gusset Seal and Others) and major geographies with country level break-up. According to AMA, the Global Recycling Bags market is expected to see growth rate of 5.12%
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global Recycling Bags market throughout the predicted period.
Berry Global Inc. (United States), The Clorox Company (United States), Novolex (United States), Reynolds Consumer Products (United States), Inteplast Group, Ltd. (United States), Poly-America, L.P. (United States), International Plastics, Inc. (United States), Four Star Plastics (United States), Cosmoplast Industrial Company (L.L.C.) (United Arab Emirates) and NOVPLASTA, s.r.o., (Slovakia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Extrapack Ood (Bulgaria), Achaika Plastics S.A. (Greece) and Pack-It B.V. (Netherlands).
AdvanceMarketAnalytics has segmented the market of Global Recycling Bags market by Type, Application and Region.
On the basis of geography, the market of Recycling Bags has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. Up to 5 Gallons will boost the Recycling Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Residential will boost the Recycling Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. High-Density Polyethylene (HDPE) will boost the Recycling Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
Recently, Berry Global Inc. has acquired Laddawn, Inc. (United States) for a preliminary cost of USD 242 million. The acquired business operates in the Engineered Materials segment of Berry Global Inc. The acquisition aided the company in strengthening its position in the custom-made trash bags market.
- Increasing Penetration of Trash Bags in Emerging Economies
- Rapid Urbanization and Economic Development
- Increasing Awareness of Hygiene
- Increasing Adoption of Compostable Recycling Bags
- Rising Use of Oxo-Biodegradable Additives
- Lack of Government Support
- Taxes and Bans on the Consumption of Plastic Bags
- Environmental Damage and Risk to Biodiversity
Key Target AudienceRecycling Bags Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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