The Latin America, Middle East and Africa Trash Bags Market would witness market growth of 7.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 310.0 Kilo Tonnes, showcasing a growth of 8.6% (2023-2030).
Enhanced durability in trash bags has become a significant focus within the market, driven by the need for reliable waste containment and consumers' evolving preferences. Technological advances have developed stronger and more durable materials, ensuring eco-friendly bags maintain the necessary strength for waste containment. Furthermore, these bags with enhanced features like odor-neutralizing properties, leak-resistant designs, and innovative closures are gaining demand among consumers.
However, the market is highly competitive, characterized by a diverse landscape of established multinational corporations, regional players, and innovative startups competing for market share. Various factors, including product innovation, pricing strategies, distribution networks, brand recognition, and sustainability initiatives, drive competition within the market. Companies like Berry Global Inc., Reynolds Consumer Products, the Clorox Company, and others have a significant presence in the market. These companies often possess extensive resources for research, development, and marketing. Furthermore, smaller and regional manufacturers often cater to specific geographic areas, leveraging local distribution networks and consumer preferences to compete effectively.
The increasing industrialization in the LAMEA region is a transformative trend reshaping the economic landscape. As per the Government of Abu Dhabi, the recently released Industrial Strategy in Abu Dhabi brings in a fresh phase of expansion for the emirate. With the Abu Dhabi Government's AED10 billion investments, the manufacturing sector will expand by over two-thirds to AED172 billion, and non-oil exports will increase by 148% to AED178.8 billion. This increase in waste volume drives the demand for effective waste containment and disposal solutions, including the use of these bags in various industrial, commercial, and residential settings. Therefore, the increasing industrialization in the region is propelling the demand for these bags in the market.
The Brazil market dominated the LAMEA Trash Bags Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $358.5 Million by 2030. The Argentina market is showcasing a CAGR of 7.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.7% during (2023 - 2030).
Based on Type, the market is segmented into Star Sealed, Drawstring and Others. Based on End-Use, the market is segmented into Institutional, Retail and Industrial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Trash Bags Market is Projected to reach USD 15.6 Billion by 2030, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Berry Global Group, Inc., Cosmoplast Industrial Company L.L.C. (Harwal Ltd.), The Clorox Company, Novolex Holdings, Inc. (Apollo), Four Star Plastics, International Plastics, Novplasta, s.r.o, Inteplast Group, Poly-America, L.P. and Reynolds Consumer Products LLC.
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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