by Market Overview:
Bagster bags are large, contractor-sized bags that allow homeowners to dispose of large items like furniture, yard waste, construction debris, and more all at once. Bagster bags are resistant, durable, and make large-scale cleanouts simple and affordable.
Market key trends:
One of the key trends in the Bagster bag market is the growth in residential construction and remodeling activities. There has been a rise in home improvement projects among consumers as people are spending more time at home due to the pandemic. This has resulted in generation of large construction and demolition waste which requires proper and efficient disposal. Bagster bags help homeowners conveniently dispose big items from remodeling, renovations and construction waste in an affordable way without having to schedule multiple bulk pickups. This factor is expected to significantly drive the demand for Bagster bags over the forecast period.
Market key trends:
One of the key trends in the bagster bag market is the rising adoption of bagster bags for waste collection and disposal purposes. Bagster bags are large, tear-resistant bags that allow users to collect and dispose of large items and bulk trash from renovations, cleanouts, or demolition projects conveniently. These bags make waste disposal hassle-free for homeowners and contractors compared to using regular trash bags. The use of bagster bags is gaining popularity as they eliminate the need for multiple trips to the dump and can contain larger volumes of trash compared to regular bags.
The global Bagster Bag Market Size is estimated to be valued at US$ 490.4 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strengths: Bagster bags are sturdy and can hold large amounts of waste without tearing. They provide an easy way to collect and dispose of bulky waste items.
Weaknesses: Bagster bags need to be purchased which adds to the cost of waste disposal. They are bulky to store when not in use.
Opportunities: Growing home renovation and construction activities are expected to drive the demand for bagster bags for collecting construction debris. Increasing adoption of bagster bags for community clean-up events also provides an opportunity.
Threats: Availability of cheaper alternatives like renting dumpsters can threaten the bagster bag market. Strict regulations regarding waste disposal can also affect market growth.
Key Takeaways
The global bagster bag market is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing investments in infrastructure development and residential construction projects. The market size for bagster bags is estimated to reach US$ 832.7 Mn by 2030.
Regional analysis: North America dominates the global bagster bag market currently due to high disposable income and increasing spending on home improvement projects in the US and Canada. The Asia Pacific bagster bag market is expected to grow at the fastest pace during the forecast period with China, India, and other developing countries experiencing a boom in construction activities.
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. These players are focusing on geographical expansion and introduction of innovative bag designs to gain more customers and boost sales.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
