About Reusable Bag
Reusable Bag refers to those bags that are can be used again. This allows us to saves the cost and is eco-friendly. The low-density polyethylene bags are used four times and non-woven polypropylene bags can be used 11 times.The rapid growth of the organized and corporate sectors fueling the demand for the product in emerging economies such as India, China, Japan, and others. Further, increasing the use of handbags among the working women population is anticipated to remain a key driving factor for the market growth. In addition, increasing the women workforce and growing brand awareness among customers further driving the demand for the product.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Reusable Bag is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Reusable Bag market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Vicbag Group (France), Command Packaging (United States), Netpak Ambalaj (Turkey), Earthwise Bag Company (United Kingdom), Green Bag (United States), Eco Bags (United States), ChicoBag Company (United States), Hangzhou Dingsheng Packing (China), 1 Bag at a Time (United States) and Enviro-Tote, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Reusable Bag market by Type (Polypropylene, Polyester and Jute & Cotton) and Region.
On the basis of geography, the market of Reusable Bag has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Retail will boost the Reusable Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Bag Capacity, the sub-segment i.e. Under 5 Gallons will boost the Reusable Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Demand for Packaging Material Among Retailers and Customers, Need for Effective Waste Management amid Growing Waste Generation and Growing Hygiene Awareness and Favorable Government Policies to Curb Trash
Challenges:
Stiff Competition Due to Various Players Present in the Market
Opportunities:
Growing Logistics and Packaging Industry, Public Interest in Sustainability and Corporate Sustainability Agenda
Market Leaders and their expansionary development strategies
In December 2019, SC Johnson, an industry-leading manufacturer of household consumer brands, announced it has acquired Stasher, a fast-growing line of high-quality, reusable silicone storage bags.
In April 2023, The Consortium to Reinvent the Retail Bag, managed by Closed Loop Partners, announced its largest piloting initiative to date with two reusable bag pilots in three states, with multiple retailers including Consortium Founding Partners CVS Health and Target, as well as Sector Lead Partners DICK'S Sporting Goods, Dollar General, The Kroger Co., TJX and Ulta Beauty.
Key Target Audience
Reusable Bag Manufacturers, Reusable Bag International Traders, Reusable Bag Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Potential Investors, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.