Global Courier Bag Market Overview:
A courier bag is a container used for package transportation. To resist the wear and tear of transit, it is often composed of sturdy, long-lasting materials. The value of courier bags is found in their capacity to safely move things from one location to another. Due to the growing demand for convenient packaging solutions across a variety of end-use industries, including food & beverage and retail, Asia Pacific is predicted to have the highest share of the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growing Application across Various Industry Verticals
- Protection of Sensitive Documents
- Escalated Demand from Various End-Use Industries Such As Antiques, Collectibles, Jewelry, Fine Art & Photography
Roadblocks
- Stringent FDA regulations regarding the transportation of foodstuffs and other cargoes
- Availability of Cheaper Substitutes
Opportunities
- The proliferation of start-ups and small businesses in the market
- Development of New, Innovative Materials Giving Rise to New Applications
- E-Commerce Retail Packaging
- Penetration of Packaged Food Products in Asia
Challenges
- Recyclability of plastics
- High Cost of Production
Competitive Landscape:
Global courier bag is a fragmented market due to the presence of numerous players in several regions. The players are focusing more on contracts. These will enhance their market presence. 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.
Some of the key players profiled in the report are CHNSEAL (China), Changzhou Junwang Packing Material (China), Suzhou TANTARA Plastic Products (China), Dongguan Hengsheng (China), Global Packaging (India), FANGDA Packaging (China), Polywell Industrial Co. (China), Chun Hing Plastic Packaging (China), Securement Packaging Pvt. Ltd. (India), Junerplastic (China) and LBU, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Riverside Paper Co. (United States), DynaCorp (India), Mail order bags (United Kingdom), Mailing bags (United Kingdom) and Polybags (United Kingdom). Considering Market by Design, the sub-segment i.e. Customized will boost the Courier Bag market. Considering Market by Pattern, the sub-segment i.e. Plain will boost the Courier Bag market. Considering Market by Material, the sub-segment i.e. LDPE will boost the Courier Bag market. Considering Market by Closure Type, the sub-segment i.e. Buckle will boost the Courier Bag market. Considering Market by Business Type, the sub-segment i.e. Manufacturers will boost the Courier Bag market.
Latest Market Insights:
In November 2020, US-based packaging company SupplyOne has acquired Florida-based Riverside Paper for an undisclosed sum. Riverside has advanced manufacturing, sales, and distribution infrastructure, which facilitates serving over 40,000 orders per year. With advanced ordering, logistics, and fulfillment services, the company offers a range of shipping, packaging, warehouse, and maintenance products to their customers with next-day delivery and shipping from distribution centers in Miami, Tampa, and Orlando, Florida.
In June 2021, Kwik Delivery Launched Kwik Bag 2.0. The new Kwik 2.0 bags can carry up to 40kg of load as against the 25kg capacity of the previous bags. Zippers on the bag are covered with protective flaps to safeguard delivery packages against water leaks from rainfall while in transit.
What Can be Explored with the Courier Bag Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Courier Bag Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Courier Bag
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Courier Bag market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Courier Bag market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Courier Bag Manufacturers, Exporter, E-commerce/Retailer, Wholesaler, Courier companies, Art Gallery and End User.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.