Garbage Bag Market - Supportive environmental policies implemented by various governments boost growth

According to the World Bank report, the amount of garbage generated in urban areas, globally, is growing at a faster rate than the rate of urbanization. On an average, each person produces 1.2 kg of garbage per day and, thus, 7.4 million tons of garbage is produced per day in the world. This waste comes from households, schools, offices, market places, restaurants, industries, commercial complexes, agriculture, etc.

Evolving life style of consumers, increasing health and environmental awareness, and supportive environmental policies implemented by various governments across the globe are the major factors responsible for the increasing global demand for garbage bags and, thereby, their market growth. 

Owing to its value added applications, right from handling of waste to transportation and distribution of garbage, the market for garbage bags is expected to create significant growth and investment opportunities for players operating in the market, especially in the developing countries. 

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Besides, the garbage bags market is expected to continue to grow steadily in developed nations, wherein the consumer demand for garbage storage and handling bags is high. The main growth drivers for the market are private consumers, retailers, and local packaging firms, which focuses more on delivering the product in the local market.

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