Latin America Garbage Bags Market Size & Outlook
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)
$942.8
CAGR, 2024 - 2030
6.6%
Report Coverage
Latin America
Latin America garbage bags market, 2018-2030 (US$M)
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 Scope
Garbage bags market segmentation & scope
Low Density Polyethylene
High Density Polyethylene
Linear Low Density Polyethylene
Bio-Degradable Polyethylene
Others
Size
3-13 Gallons
14-50 Gallons
Above 50 Gallons
End Use
Household
Commercial
Hospitality & Food Service
Institutional
Retail
Others
Distribution Channel
B2B
B2C
Hypermarkets/ Supermarkets
Convenience Stores
Departmental Stores
Online
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
New Zealand
South Korea
Chile
South Africa
Garbage Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America garbage bags market
Related regional statistics
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