by The Bagster bag market is estimated to be valued at US$ 490.4 million in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Bagster bags are heavy-duty plastic bags meant for collecting large household items like remodeling debris, yard waste, attic clutter and more. Measuring about 3 feet wide and 4 feet long, these bags are perfect for decluttering projects, home renovations, spring cleaning and more. The bags allow homeowners to fill them up without weighing more than 125 pounds and come with a unique barcode that can be scanned at participating waste disposal facilities for easy hauling and proper disposal or recycling.
Market Dynamics:
Increased construction activities across both residential and non-residential sectors have been a key driver for the Bagster bag market. Construction projects generate a large amount of debris that needs to be properly disposed of. Bagster bags provide contractors and homeowners a convenient solution for trash collection from remodeling, additions, and demolition projects. Additionally, growing government initiatives promoting recycling and proper waste management are encouraging more people to opt for Bagster bags for disposing large volumes of recyclables generated during spring cleaning or other household activities. For example, the US EPA’s Recycle Often. Recycle Right. campaign promotes recycling of materials like metal, plastic and paper which when combined with Bagster bags provides an end-to-end solution.
Segment Analysis
The global bagster bag market is segmented by type into residential and commercial/institutional bags. The residential segment dominated the market in 2023 accounting for nearly 60% share of the global market. The residential segment witnessed higher growth owing to increasing awareness among residential consumers regarding proper waste management through its easy and hygienic self-haul services.
PEST Analysis
Political: Stringent regulations regarding solid waste management and recycling are driving the adoption of bagster bags across regions.
Economic: The growing construction and demolition waste due to infrastructure development projects is fueling the demand.
Social: Increasing awareness about environmental protection and benefits of proper waste disposal is positively impacting the market growth.
Technological: Advanced bag designs with improved air tight sealing and high load capacity are gaining traction.
Key Takeaways
The global Bagster Bag Market Share is expected to witness high growth, exhibiting a CAGR of over 6.6% over the forecast period, due to increasing awareness regarding environment protection.
The North American region dominated the global market in 2023, accounting for over 40% share of the overall market revenue. Stringent regulations regarding proper waste management and increasing adoption of do-it-yourself waste removal services are driving the bagster bag market in the region.
Key players operating in the bagster bag market are Waste Management Inc., Republic Services Inc., Clean Harbors Inc., Covanta Holding Corporation, Stericycle Inc., Advanced Disposal Services, Casella Waste Systems, Recology, Biffa, REMONDIS SE & Co. KG. The market is highly competitive with major players accounting for over 50% share of the global revenues. Product launches catering to specific end-use segments and expansion of service networks are the key strategies adopted by major players.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
