A trash bag, also known as a bin bag, rubbish bag, garbage bag, bin liner, trash bag, or refuse sack, is a disposable bag used to hold solid waste. Trash bags are mainly used to avoid solid and liquid waste spills and leaks. These bags are used for lining the insides of garbage receptacles to prevent waste material from coating the insides of the receptacle. Trash bags emerge as indispensable solutions to cope with the challenges presented by rapid urbanization and population growth. They provide a convenient and hygienic means of collecting and containing waste, thereby curbing littering and minimizing the spread of diseases. Trash bags simplify the waste collection process for sanitation workers, enhancing operational efficiency.
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Data Bridge Market Research analyzes that the ASEAN Trash Bags Market is expected to grow with a CAGR of 3.4% from 2023 to 2030 and is expected to reach USD 1,133,103.30 thousand by 2030.
Key Findings of the Study
Rising Awareness of Environmental Concerns is Expected to Drive the Market Growth
The ASEAN region has seen a striking change in consumer behavior and governmental legislation, mostly brought about by a surge in environmental awareness. This growing environmental awareness has been a significant market driver for garbage bags in ASEAN, driving up demand for environmentally friendly and biodegradable waste bags. The garbage bag industry is witnessing a revolutionary transition as governments and consumers alike emphasize sustainable waste management solutions.
One of the most profound changes sweeping across the ASEAN region is the heightened awareness of environmental challenges. Citizens are increasingly attuned to the ecological consequences of their daily choices, spanning from product purchases to waste disposal. This awakening has manifested as a growing preference for eco-friendly and sustainable alternatives, including trash bags.
An important market driver for ASEAN trash bags is the growing awareness of environmental issues. They are gravitating towards eco-friendly and biodegradable trash bags as more consumers link their purchasing decisions with sustainable ideals. Manufacturers of garbage bags are adapting to this changing environment by coming up with creative solutions that not only excel at containing waste but also promise an ASEAN area with a better and more sustainable future. The market expansion is anticipated to be fueled by rising environmental awareness.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Material (Low Density Polyethylene, High Density Polyethylene, Linear Low Density Polyethylene, and Others), Product (Recyclable Trash Bags, Non-Recyclable Trash Bags), Capacity (25-50 Kg, 10-25 Kg, 50-75 Kg, 75-100 Kg, 100-150 Kg, and More than 150 Kg), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, E-Commerce, and Others)
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Countries Covered
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Indonesia, Thailand, Vietnam, Philippines, Malaysia, Singapore, Myanmar, Cambodia, Laos, and Brunei
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Market Players Covered
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The Clorox Company (U.S.), TPBI Public Company Limited (Thailand), THANTAWAN INDUSTRY PLC. (Thailand), Lean Lee Trading Co. Sdn.Bhd. (Malaysia), and Abiba Plastic Sdn Bhd (Malaysia), Award Packaging Industries Sdn Bhd (Malaysia), NARAIPAK CO., LTD. (Thailand), Teong Chuan Plastic (M) Sdn Bhd (Malaysia, King Pac Industrial Co., Ltd. (Thailand), PT. Indojaya Plasindo Makmur (Indonesia), PT. Sanipak Indonesia, LTD. (Indonesia), Vn Plastic Co., Ltd (Vietnam), among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The ASEAN trash bags market is segmented into four notable segments based on material, product, capacity, and distribution channel.
- On the basis of material, the market is segmented into low density polyethylene, high density polyethylene, Linear Low Density Polyethylene, and others.
In 2023, the low density polyethylene segment of material is anticipated to dominate the ASEAN trash bags market
In 2023, the low density polyethylene segment is expected to dominate the market with a market share of 46.73% as it provides low tensile strength, making it very flexible. This flexibility means it can be stretched considerably before it breaks, making it perfect for applications, such as plastic bags, bin bags, plastic film, and other forms of plastic packaging.
- On the basis of product, the market is segmented into recyclable trash bags and non-recyclable trash bags.
In 2023, the recyclable trash bags segment of product is anticipated to dominate the ASEAN trash bags market
In 2023, the recyclable trash bags segment is expected to dominate the market with a 52.84% market share as it reduces the amount of oil utilized in the development of virgin plastics, lower CO2 emissions associated with the production of virgin plastics, and help prevent trash bags made from virgin resins from ending up on landfills.
- On the basis of capacity, the market is segmented into 25-50 kg, 10-25 kg, 50-75 kg, 75-100 kg, 100-150 kg, and more than 150 kg. In 2023, the 25-50 Kg segment is expected to dominate the market with a 38.70% market share.
- On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, e-commerce, and others. In 2023, the supermarkets/hypermarkets segment is expected to dominate the market with a 45.42% market share.
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the ASEAN trash bags market that includes The Clorox Company (U.S.), TPBI Public Company Limited (Thailand), THANTAWAN INDUSTRY PLC. (Thailand), Lean Lee Trading Co. Sdn.Bhd. (Malaysia), and Abiba Plastic Sdn Bhd (Malaysia), among others.
Regional Analysis
Geographically, the regions covered in the ASEAN trash bags market report are Indonesia, Thailand, Vietnam, Philippines, Malaysia, Singapore, Myanmar, Cambodia, Laos, and Brunei.
As per Data Bridge Market Research analysis:
Indonesia is the dominant country in the ASEAN trash bags market
Indonesia is expected to dominate the ASEAN trash bags market due to its growing urban population, increased waste generation, hygiene awareness, and the need for efficient waste management, creating a robust market for waste disposal solutions.
Vietnam is estimated to be the fastest-growing country in the ASEAN trash bags market in the forecast period of 2023 to 2030
Vietnam is expected to grow during the forecast period 2023 to 2030 due to urbanization, population growth, and increasing awareness of hygiene. As cities expand, the need for convenient waste disposal solutions rises, driving demand.
For more detailed information about the ASEAN trash bags market report, click here – https://www.databridgemarketresearch.com/reports/asean-trash-bags-market
