Latin America Garbage Bags Market Size & Outlook, 2023-2030
The garbage bags market in Latin America is expected to reach a projected revenue of US$ 942.8 million by 2030. A compound annual growth rate of 6.6% is expected of Latin America garbage bags market from 2024 to 2030.
Revenue, 2023 (US$M)
$601.5
Forecast, 2030 (US$M)
$942.8
CAGR, 2024 - 2030
6.6%
Report Coverage
Latin America
Latin America garbage bags market highlights
- The Latin America garbage bags market generated a revenue of USD 601.5 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, low density polyethylene was the largest revenue generating material in 2023.
- Low Density Polyethylene is the most lucrative material segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 601.5 million |
| Market revenue in 2030 | USD 942.8 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Low density polyethylene |
| Fastest growing segment | Low Density Polyethylene |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Density Polyethylene |
| Key market players worldwide | Ranpak Holdings Corp Ordinary Shares - Class A, Daiei Kankyo Co Ltd, Reynolds Consumer Products Inc Ordinary Shares, Novolex, Terdex, Berry Global Inc., Luban Packing |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.1% of the global garbage bags market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,736.4 million by 2030.
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Garbage Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Luban Packing | View profile | 11-50 | Dhaid, Umm Al Quwain, United Arab Emirates, Asia | https://www.packaging-manufacturer-dubai.com |
| Terdex | View profile | 51-100 | Marienhagen, Nordrhein-Westfalen, Germany, Europe | https://www.terdex.com |
| Daiei Kankyo Co Ltd | View profile | 2607 | 2-9-1 Koyo-cho, Kobe Fashion Plaza, Higashinada-ku, Hyogo Prefecture, Kobe, Japan, 658-0032 | https://www.dinsgr.co.jp |
| Berry Global Inc. | View profile | 10001+ | Evansville, Indiana, United States, North America | http://www.berryglobal.com/ |
| Novolex | View profile | 10001+ | Hartsville, South Carolina, United States, North America | http://www.novolex.com/ |
| Ranpak Holdings Corp Ordinary Shares - Class A | View profile | 800 | 7990 Auburn Road, Concord Township, OH, United States, 44077 | https://www.ranpak.com |
| Reynolds Consumer Products Inc Ordinary Shares | View profile | 6000 | 1900 W. Field Court, Lake Forest, IL, United States, 60045 | https://www.reynoldsconsumerproducts.com |
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