The carry bags market refers to the market for bags that are designed to be carried by hand or over the shoulder. These bags are used for a variety of purposes, including carrying personal items, shopping, and as fashion accessories. The market includes a wide range of products, from reusable grocery bags to designer handbags. The market has seen growth in recent years due to increasing consumer demand for convenient and sustainable packaging solutions, as well as a desire for stylish and functional carry bags.
The study provides useful and practical market insights regarding carry bags. The most recent research from Fact.MR includes historical market data and industry forecasting along with information on the market’s current state in several countries. The study also provides data on the market’s sales and demand across various sectors and geographical areas for carry bags.
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Key Takeaways from Carry Bags Market Study
- Rising tourism industry along with rapid urbanization around the world is currently one of the main drivers of demand growth.
- East Asia leads the carry bags market with a market share of over 25%, followed by North America. The East Asia carry bags is also anticipated to grow at the highest CAGR of over 4% through 2030.
- On the basis of product type, the T-shirt bags segment remains the most lucrative in the market. T-shirt carry bags not only look good but are useful to carry products from one place to another.
- Reusable carry bags will retain the largest market share of over 70% in 2020, and will be the most lucrative segment right through 2030.
- The foodservice industry has been badly hit due to the spread of COVID-19 across the world, the effect of which has cascaded to the carry bags market space. With the easing of restrictions, the market is expected to gradually get back to its normal growth trajectory.
Regional Outlook of Carry Bags Market
East Asia will account for almost 25% of the global market for carry bags by 2020. The major reason that the region is using carry bags more frequently is the region’s increasingly tight rules against the use of non-biodegradable packaging, coupled with the expanding use of biodegradable plastic packaging.
Due to the retail network penetration and consistent growth of the hotel industry, the Middle East and Africa have seen a steady demand for carry bags. However, several African nations, such as Kenya, Rwanda, Tanzania, and others, are restricting the usage of carry bags, which is anticipated to offer a substantial obstacle to the rise of the Middle East & Africa carry bags market in the near future.
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After reading the Market insights of Carry Bags Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total Carry Bags market revenue.
- Study the growth outlook of Carry Bags market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of Carry Bags market.
- Investigate the recent R&D projects performed by each market player & competitive analysis of Carry Bags Market Players.
Key Market Players
Global-Pak, Inc., Attwood’s Packaging Company., International Paper Company., Mondi Group Plc., The Carry Bag Company., Welton Bibby And Baron Limited., Rainbow Packaging, Inc., Coveris Holdings S.A., Burberry Group plc., Prada Holding B.V.
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More Valuable Insights on Carry Bags Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Carry Bags, Sales and Demand of Carry Bags, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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