Categories
All News

Europe’s Garbage Bag Sales to Grow Steadily at 5% CAGR by 2026

After witnessing multiple garbage crises occurring across European countries, the European Union (EU) strives to ensure that all sorts of waste remains locked & sealed in disposable bags. Changing lifestyles and growing urbanization observed across European countries has triggered the use of garbage bags, compelling people to avert health hazards emanating from open dumping. Future Market Insights’ latest research report on Europe’s garbage bags market estimates that in 2016, more than US$ 1.5 billion worth of garbage bags were consumed. It has been projected that by the end of 2026, Europe’s garbage bag sales will rise steadily at 5% CAGR and reach US$ 2.52 billion in value.

Although, the report also reveals that in terms of volume, Europe’s garbage bags market will soar at a moderate CAGR of 3.7%. According to the report, the waste management rules imposed by EU haven’t entirely favored the use of garbage bags. The European Environment Agency has laid down strict rules that curb the use of plastic or polythene garbage bags, thereby bringing ambiguity among European citizens and civic authorities in regards to managing waste on a daily basis. Moreover, several landfill sites have been shut down across Europe over the past decade, giving rise to strikes by garbage collectors.

Request a Sample Report with Table of Contentshttps://www.futuremarketinsights.com/reports/sample/rep-eu-3034

Presently, garbage bags manufactured in Europe are available in materials namely, polypropylene, high-density polythene, low-density polythene, and linear low-density polythene, among others. With the help of technological advancements, European garbage bag manufacturers are likely to adopt eco-friendly materials in the future. In 2017 and beyond, the demand for polythene garbage bags will remain predominantly higher in European countries. Among them, high-density polythene garbage bags are expected to gain traction. Through 2026, around 30% of Europe’s garbage bags revenues will be accounted by garbage bags made from high-density polythene materials. Meanwhile, revenues arising from sales of low-density and linear low-density polythene garbage bags in Europe will remain marginally different throughout the forecast period.

Preview Analysis on Europe Garbage Bag Market Sharehttps://www.futuremarketinsights.com/reports/europe-garbage-bag-market

In the report, titled “Garbage Bags Market: Europe Industry Analysis and Opportunity Assessment, 2016-2026,” Europe’s retail & consumer industry has been identified as the largest end-user of garbage bags. With over 40% revenue share, garbage bags worth over a billion dollars will be sold across retail & consumer verticals in Europe by the end of 2026. On the other hand, institutional and industrial end-use of garbage bags will collectively account for sales of every other garbage bag being manufactured in Europe during the forecast tenure. Depending on their use, the report reveals higher demand for garbage bags bearing around 20 to 30 gallons in volume. In 2016, close to US$ 470 million revenues were amassed from sales of 20-30 gallon garbage bags in Europe. In the years to come, the demand for 32-35 gallon garbage bags will also gain momentum across the region.

Speak with Analyst for any Report Related Querieshttps://www.futuremarketinsights.com/askus/rep-eu-3034

Among all European countries, Germany is projected to be the largest consumer of garbage bags in Europe. Throughout the projected period, around one-fourth of Europe’s garbage bag market value will be accounted by Germany alone. The consumption of garbage bags will also be considerably high in the UK, France, and Italy. Some of Europe’s leading garbage bag manufacturers include, Primax D.o.o., Plasta.it, Pack-it BV, MirPack TM, Novplasta S.R.O, Dagoplast AS, EXTRAPACK Ltd., International Plastic, Inc., Terdex GmbH, and Achaika Plastics SA.

Table Of Content

1.Executive Summary

2.Europe Garbage Bag Market Introduction

2.1.Garbage Bag Market Definition

2.2.Europe Garbage Bag Market Taxonomy

2.3.Europe Bag Market Overview

3.Garbage Bag Market Overview

3.1.Introduction

3.2.Total Addressable Market (TAM) and Segment Addressable Market (SAM) Analysis

3.3.Industry Trends and Recent Developments

3.4.Garbage Bag Market and Y-o-Y Growth

3.5.Garbage Bag Market (US$ Mn) & Volume (Tonnes) Forecast

3.6.Absolute $ Opportunity

4.Europe Garbage Bag Market Analysis 

4.1.Europe Garbage Bag Market Volume (Tonnes) Analysis

4.2.Pricing Analysis

4.3.Europe Garbage Bag Market Size (US$ Mn) and Forecast

4.4.Europe Garbage Bag Market Overview

4.5.Product – Cost Teardown Analysis

5.Europe Garbage Bag Market Dynamics

Download Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-eu-3034

More from FMI’s Cutting-edge Intelligence:

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: [email protected]

For Media Enquiries: [email protected]

Website: https://www.futuremarketinsights.com