According to Consumer Goods (Bean Bags) Safety Standard Amendment 2015 (Consumer Protection Notice No. 4 of 2015), the bean bag or bean bag cover complies with the safety standard for bean bags made under section 104(1) of the Australian Consumer Law on 1 January 2011 by reason of Item 4 of Schedule 7 of the Trade Practices Amendment Act (No.2) 2010 the bean bag or bean bag cover is taken to comply with the requirements of this standard. In this safety standard, a bean bag means a cushion or similar item which consists of a bag or cover enclosing bean bag filling and which contains an opening through which bean bag filling can be accessed. Every bean bag and bean bag cover shall have a child-resistant slide-fastener fitted to every opening through which bean bag filling can be inserted or removed.
The article cited AMA's "Global Bean Bags Market Study" explored CAGR of 1.41%. According to the report, Growing in the Consumer Needs for a Flexible Space in Their Homes Is a Key Trend in the Home Decor Market Owing To an Increase in the Growth of the Market is one of the primary growth factors for the market. Advancement of Construction of Houses and Commercial Buildings in Developing Countries is a Key Factor of Driving the Bean Bag Market
is also expected to contribute significantly to the Bean Bags market. Overall, Household
applications of Bean Bags, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channels, such as Retail Stores, is boosting the Bean Bags market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-User, such as Men, is boosting the Bean Bags market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material, such as Polyester, is boosting the Bean Bags market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Filling, such as EPS Beads, is boosting the Bean Bags market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Bean Bags market identified that the demand is rising in many different parts of the world as "Bean Bags Can Provide the Need of Portability Hence Resulting In an Increased Popularity among the Consumers
".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Bean Bags market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Bean Bags market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Bean Bags market size is calculated using market estimation process, the Bean Bags market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Bean Bags market size has been validated using both top-down and bottom-up approaches.