by Bagster bags are single-use bags designed to contain construction and demolition debris. They provide an easy way for homeowners, landscapers, and contractors to dispose of medium-sized debris loads without having to manually haul materials to a transfer station or landfill. Bagster bags range in size from 3-10 cubic yards and can accommodate items like drywall, lumber, shingles, glass, concrete, sheet metal and more. After filling, the bag is simply tied closed and scheduled for pickup. The collected waste is then transported and properly disposed of or recycled.
The global Bagster Bag Market is estimated to be valued at US$ 564.95 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends
One major trend influencing the Bagster Bag Market is the increasing amounts of construction and demolition (C&D) debris generated each year. According to the US Environmental Protection Agency (EPA), Americans produce around 231 million tons of C&D debris annually, requiring proper disposal methods. Bagster bags provide an easy and affordable solution for homeowners and contractors dealing with remodeling projects, renovations or seasonal yard cleanups that involve moderate volumes of bulky waste. As more construction activity takes place globally in step with urbanization and economic growth, the adoption of Bagster bags or similar single-use debris containers for C&D waste removal is expected to rise considerably over the coming years. This will help boost demand in the Bagster Bag Market.
Porter’s Analysis
Threat of new entrants: Low capital requirement and small market size makes threat of new entrants moderate in this market.
Bargaining power of buyers: Buyers have moderate bargaining power as they can choose from multiple brands and products in this market.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power as raw materials in this market are easily available.
Threat of new substitutes: No direct substitutes for Bagster bags currently exist due to convenience and benefits offered by them.
Competitive rivalry: Market dominated by few international players leading to high competitive rivalry.
Key Takeaways
The global Bagster Bag Market Demand is expected to witness high growth over the forecast period owing to rising construction and demolition waste.
Regional analysis – Asia Pacific accounts for around 35% share of the global market and is expected to witness fastest growth through 2031. Countries like China, India and Japan are major contributors to growth in the region supported by growing urbanization, infrastructure development and industrialization.
Key players operating in the Bagster Bag market are 9flats.com Pte Ltd., Expedia Group Inc., NOVASOL A/S, Booking Holdings Inc., MakeMyTrip Pvt. Ltd., Wyndham Destinations Inc., Tripadvisor Inc., Airbnb, Hotelplan Management AG, and Oravel Stays Pvt. Ltd. Bagster bags help construction contractors and homeowners dispose large debris from remodeling, renovating and demolition projects affordably and conveniently.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
