Eco-friendly Plastic Bags for Shopping and Garbage Containing Market size was valued at USD 5.67 Billion in 2024 and is projected to reach USD 12.34 Billion by 2033, exhibiting a CAGR of 9.7% from 2026 to 2033.
The global eco friendly plastic bags market for shopping and garbage containing was valued at approximately USD 8.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 6.2% during the forecast period from 2023 to 2030. This growth is driven by increasing consumer awareness of environmental sustainability and stringent government regulations promoting the use of biodegradable and compostable bags. The growing demand for sustainable packaging solutions in both retail and waste management sectors has further propelled market expansion. Additionally, the rising adoption of compostable and bio based plastic bags in urban areas contributes to the market’s rapid development. Emerging economies in Asia Pacific, such as China and India, are significantly boosting the market due to the rise in urbanization and changing consumer preferences towards eco friendly alternatives.
Regionally, North America held the largest market share in 2022, accounting for over 30% of the global revenue, driven by strict environmental regulations and the increasing demand for sustainable packaging from retail chains. Europe followed closely, driven by policy mandates to reduce plastic waste and promote biodegradable alternatives. The Asia Pacific region is expected to witness the highest CAGR of over 7% from 2023 to 2030, owing to rapid urbanization and heightened environmental awareness among consumers. Latin America and the Middle East & Africa also exhibit promising growth opportunities as governments implement initiatives to minimize plastic pollution. The market continues to evolve as innovations in biodegradable material technologies and consumer preferences shape the industry landscape.
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BioBag
Walki Plastiroll Oy
RKW Group
Jiangsu Torise biomaterials
JUNER Plastic packaging
Chnpack
Symphony Polymers
EnviGreen
XCBIO
Polybags
BioPak
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Eco-friendly Plastic Bags for Shopping and Garbage Containing Market
Biodegradable Bags
Compostable Bags
Reusable Synthetic Bags
Recycled Plastic Bags
Grocery Shopping
Retail Shopping
Food Service
Garbage Collection
Pet Waste Disposal
Individual Consumers
Businesses
Government Entities
Non-profit Organizations
Online Retail
Brick and Mortar Stores
Wholesale Suppliers
E-commerce Platforms
Household
Commercial
Industrial
Institutional
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Eco-friendly Plastic Bags for Shopping and Garbage Containing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Eco-friendly Plastic Bags for Shopping and Garbage Containing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Eco-friendly Plastic Bags for Shopping and Garbage Containing Market, By Type
6. Global Eco-friendly Plastic Bags for Shopping and Garbage Containing Market, By Application
7. Global Eco-friendly Plastic Bags for Shopping and Garbage Containing Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Eco-friendly Plastic Bags for Shopping and Garbage Containing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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