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 large, contractor-sized bags used for cleaning out basements, garages, storage units and yard waste. They make bulk item disposal easy for homeowners and contractors by allowing them to fill the bags with debris and schedule curbside pickup.
Market Dynamics:
A key driver fueling growth of the Bagster bag market is the increasing construction and renovation projects among residential and commercial properties. Bagster bags provide a convenient solution for disposal of debris generated during construction, demolition and renovation projects. Furthermore, rising awareness among consumers about proper waste disposal is also prompting them to use Bagster bags for bulk item collection instead of illegally dumping waste, thereby supporting market growth.
Market key trends:
The global Bagster Bag market has seen growing adoption of Bagster bags for convenient waste disposal from construction and demolition projects in recent years. Bagster bags allow users to fill an entire bag with debris and schedule a curbside pickup, thereby providing an easier alternative to multiple trips to a landfill or waste transfer station. They have become particularly popular among homeowners undertaking remodeling, renovation and landscaping projects.
SWOT Analysis
Strengths: Bagster bags offer a hassle-free solution for bulk waste disposal from projects. They allow filling an entire bag instead of multiple trips to a disposal site.
Weaknesses: Bagster bags come at an additional cost compared to regular waste collection. Improper usage of bags by overfilling can lead to bag tears or leaks.
Opportunities: Growing construction and renovation activities especially in residential areas provide an ongoing opportunity. Promoting Bagster bags for bulk waste pickup from commercial properties can expand market scope.
Threats: Strict regulations around waste segregation and diversion in some regions can limit Bagster bag usage. Increased environmental consciousness among customers may drive preference for more sustainable waste management options.
Key Takeaways
The global Bagster Bag Market Share is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period 2023 – 2030, due to increasing construction and renovation activities especially in the US residential sector.
Regional analysis:
The US dominates the Bagster Bag market currently, accounting for over 60% of global sales. This is mainly driven by strong construction outputs as well as Bagster bags being widely available and marketed in the country. The Asia Pacific region is expected to be the fastest growing market for Bagster bags owing to rising infrastructure development and urban residential construction in countries like China and India.
Key players:
Key players operating in the Bagster Bag market include Waste Management Inc., Republic Services Inc., Clean Harbors Inc., Covanta Holding Corporation, Stericycle Inc., Advanced Disposal Services, Casella Waste Systems, Recology, Biffa, and REMONDIS SE & Co. KG. These established players have solid distribution networks across major countries and focus on expanding their Bagster bag service offerings.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it