Strong Auxiliary Support From Retail and Packaging Sectors to Boost Global Sales of Compostable and Biodegradable Refuse Bags

VALLEY COTTAGE, New York, August 7, 2018 /PRNewswire/ --

Consistently descending acceptance for non-biodegradable plastics has been further pushed by government driven efforts to encourage sustainable alternatives - fueling the demand for compostable and biodegradable refuse bags. The global market for compostable and biodegradable refuse bags was valuated at roughly US$ 200 Mn in 2017, which is expected to expand at an 8% CAGR over 2018-2028. As indicated by a recent Future Market Insights intelligence, compostable refuse bags are currently enjoying higher sales than biodegradable bags. However, the latter are expected to witness significantly high growth during the forecast period.

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"Strong initiatives of consumers and manufacturers are foreseen to strongly influence the scenario of non-degradable plastics, and legislative norms mandated by several governments are providing a strong impetus to market growth. However, manufacturers are still struggling to achieve price-to-production symmetry," concludes an expert research analyst at Future Market Insights.

Governments of certain European countries such as Germany and Italy have already set regulatory norms against the use of plastics and derived materials, owing to which Germany and Italy will remain among the top consumers of compostable and biodegradable refuse bags. Moreover, exceptional consumer inclination towards using eco-friendly products to lead a sustainable lifestyle will continue to enable Western European market for compostable and biodegradable refuse bags exhibit a high growth rate throughout the projection period.

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Precise Labeling of Compostable and Biodegradable Refuse Bags Maintaining Consumer Confidence 

With a streamlining system of production, labeling, distribution, and disposal of compostable and biodegradable refuse bags, Future Market Insights anticipates robust growth in adoption of compostable and biodegradable refuse bags in the near future. Refuse bags and waste bags are separately sold in market for household composting and industrial composting. Waste collection bags manufactured from bio-plastic polymers are certified and labeled 'OK compost' or 'OK compost home'; the former is suitable only for industrial composting, the latter is designed to be home or garden composted. Such a system helps consumers differentiate between refuse bags and maintain proper communication, fueling further sales of compostable and biodegradable refuse bags.