Demand For Carry Bags To Soar In Coming Years In Top Regional Markets : Fact.MR

The carry bags market refers to the industry that manufactures and sells various types of bags used to transport products, commodities, or personal possessions. The carry bag market is broad, with several types of bags available for various reasons, including shopping bags, tote bags, backpacks, purses, duffel bags, and more.The worldwide carry bag market has grown significantly in recent years, owing to reasons such as rising disposable income, increased urbanisation, changing lifestyle patterns, and greater environmental consciousness. Consumers are increasingly asking for multi-purpose bags that are sturdy, trendy, and eco-friendly.

Many firms are focused on the creation of eco-friendly bags produced from sustainable materials such as jute, cotton, paper, and biodegradable polymers in response to this trend. Reusable bags are also becoming increasingly popular as more people become aware of the harmful environmental impact of single-use plastic bags.

Download Free Sample Copy of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=5100

Key Segments of Carry Bags Industry Research

• By Bag Type :
  • Handle Less Bags
  • T-Shirt Bags
  • Die Cut Handle Bags
  • Fold Over Die Cut Bags
  • Pitch Handle Bags
  • Side Gusset Bags
  • Rigid Snap Bridge Bags
  • Wave Top Bags
  • Wine Bags
  • Others
• By Type :
  • Single Use
  • Reusable
• By End Use :
  • Individual Consumers
  • HoReCa
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Independent Retail
  • Others
• By Sales Channel :
  • Direct Sales
  • Indirect Sales
• By Distribution Channel :
  • Liquor Stores
  • Hypermarkets
  • Retail Stores
  • Online Channels
  • Others
• By Region :
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Takeaways

• The global carry bags market is projected to surge past valuation of US$ 30 Bn by the end of 2030.
• By product type, t-shirt bags are poised to remain the most sought-out type, owing to their visually appealing design and convenience to carry around.
• On the basis of the type of usability, reusable carry bags held over 70% of market share in 2020 and will remain the dominant segment due to the economic benefit associated with them.
• East Asia accounts for more than a quarter of share in global market value, and is poised to remain the largest regional market, backed by surging demand in the industrial sector.
• North America is expected to remain the second most lucrative region, on the back of high adoption in the HoReCa sector.

Carry Bags Market – Driving Factors

• The availability of novel designs and the introduction of biodegradable bags are driving the sales of carry bags among individual consumers.
• Increasing reliance on accessories such as laptops, tablets, and smartphones, among others necessitates the usage of carry bags during traveling, thus propelling the demand for carry bags.

• Growing adoption in industrial applications owing to their density and chemical composition is also expected to emerge as a significant growth attribute.