The Global Bagster Bag Market Growth Accelerated By Increase In Waste Management Projects

 

The bagster bag is a heavy-duty contractor bag that is used for convenient disposal and waste removal from construction projects, home renovation, commercial clean-ups and yard cleanups. Benefits of bagster bags include doorstep waste collection, ability to dispose large volumes of waste with ease, and compatibility with varied waste types like drywall scraps, wood, metal, insulation and more.

The global Bagster Bag Market is estimated to be valued at US$ 490.4 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increase in waste management projects around the world is one of the key trends driving the growth of the bagster bag market. Various government initiatives towards efficient waste disposal from infrastructure development to redevelopment projects have ramped up the demand for bagster bags significantly. Major construction of roads, bridges and other public utilities often generate large amounts of debris which needs specialized containment and disposal solutions. Bagster bags have emerged as a convenient option to collect, contain and transport mixed construction waste from such megaprojects. The market is expected to witness accelerated demand from waste managers and contractors over the forecast period with growing waste volumes from the infrastructure sector.


Segment Analysis
Content: The global Bagster Bag market is divided into consumer and commercial segments. The commercial segment dominates the market as Bagster bags are extensively used in construction and demolition activities to dispose bulky waste materials. The rising infrastructure activities and real estate development drive the demand for Bagster bags from commercial establishments.

Key Takeaways

The Global Bagster Bag Market Size is expected to witness high growth over the forecast period of 2023-2030. The global Bagster Bag Market is estimated to be valued at US$ 490.4 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030.

The North America region currently holds the largest share in the Bagster Bag market attributed to the rising construction and infrastructure projects in countries like the US and Canada. However, Asia Pacific is projected to witness the fastest growth owing to rapid urbanization and infrastructure development taking place in major economies like China and India.

Key players:

Key players operating in the Bagster Bag market are GE, Siemens, Rolls-Royce, Kawasaki Heavy Industries, MAN Energy Solutions, Wartsila, Mitsubishi Heavy Industries, Harbin Turbine Company, Solar Turbines, Ansaldo Energia. The industry players focus on improving product quality and offering customized solutions as per customer requirements to strengthen market presence.

For More Insights, Read: https://www.newswirestats.com/bagster-bag-market-demand-growth-and-regional-outlook-by-2030/