EUROPE TRASH BAGS MARKET ANALYSIS

Europe Trash Bags MarketSize and Trends

Europe trash bags market is estimated to surpass US$ 3,656.57Mn by the end of 2030, in terms of revenue, exhibiting a CAGR of 5.09% during the forecast period (2023 to 2030).

Increasing waste generation is expected to drive demand for trash bags over the forecast period. According to European Commission, 492 kg of municipal waste per capita was generated in 2018. In total, 220 million tons of municipal waste was generated in Europe in 2018, which was slightly higher than the municipal waste generated in 2017 (218 million tons). Among EU countries, Denmark generated the most municipal waste per person that was 766 kg waste per capita in 2018. Other EU countries that generated more than 600 kg of municipal waste per person include Malta (640 kg waste), Cyprus (637 kg waste), Germany (615 kg waste), and Luxembourg (610 kg waste).

Growing need for waste management is expected to foster the trash bags market growth in Europe. According to the directive made by European Commission named as ‘separate waste collection’ mandatory in 2015, which means that waste will be separately collected as paper, metal, plastic, and glass waste, to improve waste management practices. The commission is also planning to launch a separate collection system for bio-wastes by December 31, 2023, and a system for textile and hazardous household wastes by January 1, 2025. These directives or regulations on waste management are expected to drive demand for trash bags over the forecast period. The European Commission directive 2018/851 recital 41 illustrates the importance of separate collection of waste. It states that separate collection of wastes increases recycling rates, enables high quality recycling, and boosts the uptake of quality secondary raw materials.

Figure 1. Europe Trash Bags Market Revenue Share (%), By Country, 2022      

Among countries, rest of the Europe (The Netherlands, Belgium, Austria, Switzerland, Denmark, and Others) held a dominant position in the Europe trash bags market in 2022 accounting for 31.9% market share, in terms of revenue, followed by Russia and Germany.

Europe Trash Bags Market Trends

The Key players are focusing on launching new products in order to strengthen their market presence in the Europe trash bags market. For instance, in November 2019, Novolex launched Eco Blend Max, a new line of trash can liners made with 50% post-consumer recycled (PCR) plastic. These trash can liners are designed as such that fits the commonly available trash cans. In December 2019, TOWNEW Intelligent Technology Co. Ltd launched an automatic trash can named Townew. It is fitted with a refill ring that contains recyclable material to create 25 trash bags. Its touch-less design opens the lid with a wave of the hand. When it is completely filled, front button is pressed that seals the bag, opens the top assembly for the bag removal, and then closes to pull a new bag into that place.

Figure 2. Europe Trash Bags Market Revenue Share (%), By Distribution Channel, 2022