Market Overview:
Bagster bags are heavy-duty contractor bags that are ideal for cleanup projects, spring cleaning, remodeling, and moving. They allow easy disposal of large items like furniture, construction debris, and yard waste without having to break items down or sort them.
Market key trends:
One of the key trends driving the growth of the Bagster bag market is the increasing adoption of digital waste management solutions by both residential and commercial sectors. Various waste management companies are offering digital platforms that allow users to purchase Bagster bags online, schedule curbside pickup, and track the status of their order. This digital convenience and transparency has boosted the popularity of Bagster bags, especially among the younger generation who are frequent technology users. Rapid digitization across sectors has fueled the demand for Bagster bags incorporated with digital waste pickup features.
Segment Analysis
The bagster bag market is segmented into below 3 tons, 3-6 tons and above 6 tons. The 3-6 tons segment dominates the market and accounts for nearly 40% share owing to high demand from small and medium scale industries for collection and transportation of mixed waste in an economical way.
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.
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 construction and demolition waste generation. North America dominates the bagster bag market and is expected to grow at 7% CAGR owing to stringent waste management regulations in the US and Canada.
Regional analysis
North America accounts for over 35% of global bagster bag market share due to high waste generation and robust waste management infrastructure in the US and Canada. Asia Pacific exhibits highest growth due to rapid urbanization, infrastructure growth and rising environmental consciousness in major economies like China and India.
Key players
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. Waste Management Inc. is the global leader with over 20% market share due to wide distribution channels and vast fleet of collection vehicles.
