Sun, 03 Dec 2023

The carry bags market refers to the industry that produces and sells various types of bags that are designed for carrying goods, items or personal belongings. The market for carry bags is diverse, with different types of bags available for different purposes, such as shopping bags, tote bags, backpacks, handbags, duffel bags, and more. The global carry bags market has experienced significant growth in recent years, driven by factors such as rising disposable income, increasing urbanization, changing lifestyle patterns, and growing awareness of environmental issues. Consumers are increasingly looking for durable, fashionable, and eco-friendly bags that can be used for multiple purposes.

In response to this trend, many companies are focusing on the production of eco-friendly bags made from sustainable materials such as jute, cotton, paper, and biodegradable plastics. The use of reusable bags is also gaining popularity, as more people are becoming aware of the negative impact of single-use plastic bags on the environment.

Overall, the carry bags market is expected to continue growing in the coming years, driven by rising consumer demand for eco-friendly and versatile bags

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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

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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.

Original Source of the original story >> Demand For Carry Bags To Soar In Coming Years In Top Regional Markets : Fact.MR

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