The global market for compostable
& biodegradable refuse bags was valued at US$ 200.4 million
in 2017. The market is forecast to expand at a CAGR of 8.0% during
the forecast period, 2018-2028.
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.
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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.
Industrial end use segment of the global compostable & biodegradable refuse bags market was valued at US$ 77.8 million in 2017 and is expected to expand at a CAGR of 7.8% over the forecast period 2018-2028. On the basis of product type, biodegradable segment is expected to create incremental $ opportunity of US$ 99.7 Mn, during the forecast period. The compostable segment is valued at US$ 129.6 Mn in 2017 and is expected to reach US$ 295.1 Mn, by the end of the forecast period. On the basis of capacity type, above 1.5 mil is anticipated to register a CAGR of 8.0%, during the forecast period.
Drivers & Restraints
Biodegradable and compostable refuse bags are produced using materials such as, corn starch, allowing the bags to completely decompose after a period of time. It is said that most of the biodegradable refuse sacks decompose in three to five years, although many bags completely decompose in lesser time.
In Europe, people are inclining towards the use of biodegradable products rather than using plastic counterparts. According to a survey, the growing plastic waste and their impact on environment and human health, are among the biggest environmental concerns of Europeans. The EU commission has formed a Plastic Strategy that will make it easier for citizens to separate, identify, reuse and recycle plastic materials and reduce its use. The Commission encourages measures to expand and promote alternatives to plastic products, such as the use of biodegradable and compostable materials.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/compostable-and-biodegradable-refuse-bags-market-institutional-end-use-segment-projected-to-lead-in-terms-of-value-during-the-forecast-period-global-industry-analysis-2013-2017-and-opportunity-assessment-2018-2028-report.html/toc
Detailed profiles of companies are also included in global compostable & biodegradable refuse bags market is to evaluate their strategies, key product offerings and recent developments. Key players operating in the global market for compostable & biodegradable refuse bags include Mondi Group, Sphere Group, Vegware Global, VICTOR Gthoff & Partner GmbH, Cedo Ltd., BioBag International AS, PLAST-UP, Polybags Ltd, Clondalkin Group Holdings B.V., Plastiroll Oy Ltd, The Biodegradable Bag Company Ltd, QUICKPACK Haushalt + Hygiene GmbH, MIRPACK, TM, The Compost Bag Company, SIMPAC, TERDEX GmbH, Pack-It BV, Cromwell Polythene Ltd, Flexopack SRL, Virosac SRL among others.
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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.
Request Sample Pages Of This Premium Research Report: https://www.researchmoz.us/enquiry.php?type=S&repid=1895432
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.
Industrial end use segment of the global compostable & biodegradable refuse bags market was valued at US$ 77.8 million in 2017 and is expected to expand at a CAGR of 7.8% over the forecast period 2018-2028. On the basis of product type, biodegradable segment is expected to create incremental $ opportunity of US$ 99.7 Mn, during the forecast period. The compostable segment is valued at US$ 129.6 Mn in 2017 and is expected to reach US$ 295.1 Mn, by the end of the forecast period. On the basis of capacity type, above 1.5 mil is anticipated to register a CAGR of 8.0%, during the forecast period.
Drivers & Restraints
Biodegradable and compostable refuse bags are produced using materials such as, corn starch, allowing the bags to completely decompose after a period of time. It is said that most of the biodegradable refuse sacks decompose in three to five years, although many bags completely decompose in lesser time.
In Europe, people are inclining towards the use of biodegradable products rather than using plastic counterparts. According to a survey, the growing plastic waste and their impact on environment and human health, are among the biggest environmental concerns of Europeans. The EU commission has formed a Plastic Strategy that will make it easier for citizens to separate, identify, reuse and recycle plastic materials and reduce its use. The Commission encourages measures to expand and promote alternatives to plastic products, such as the use of biodegradable and compostable materials.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/compostable-and-biodegradable-refuse-bags-market-institutional-end-use-segment-projected-to-lead-in-terms-of-value-during-the-forecast-period-global-industry-analysis-2013-2017-and-opportunity-assessment-2018-2028-report.html/toc
Detailed profiles of companies are also included in global compostable & biodegradable refuse bags market is to evaluate their strategies, key product offerings and recent developments. Key players operating in the global market for compostable & biodegradable refuse bags include Mondi Group, Sphere Group, Vegware Global, VICTOR Gthoff & Partner GmbH, Cedo Ltd., BioBag International AS, PLAST-UP, Polybags Ltd, Clondalkin Group Holdings B.V., Plastiroll Oy Ltd, The Biodegradable Bag Company Ltd, QUICKPACK Haushalt + Hygiene GmbH, MIRPACK, TM, The Compost Bag Company, SIMPAC, TERDEX GmbH, Pack-It BV, Cromwell Polythene Ltd, Flexopack SRL, Virosac SRL among others.
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfil all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organisations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/
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