The published report on the global Shopping Bags Market offers a comprehensive analysis of the industry, providing a panoramic overview that includes market size, market share, revenue growth, opportunities, drivers, and restraints. The Shopping Bags Market aims to furnish readers, stakeholders, and investors with essential real-time information about market developments and advancements, enabling them to capitalize on emerging opportunities. The report covers regional analysis and the competitive landscape to present a clear picture of market growth. It delves into development policies, plans, manufacturing processes, and cost structures, providing valuable insights for industry players and decision-makers.
Some major companies profiled in the market report include Earthwise Bags Company Inc., Mato Hash, Planet E, Creative Green Life, BeeGreen, Simply+Green Solutions, Yookeehome, ASF TASHI LLC., and Ecosac Co.
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The global shopping Bags market size was USD 10.49 Billion in 2021 and is expected to register a revenue CAGR of 2.9% during the forecast period. Increasing demand for reusable and eco-friendly shopping bags, increasing awareness about environmental protection and sustainable living among consumers, and increasing demand for shopping bags in supermarkets and grocery stores are major factors driving the market revenue growth. Eco-friendly bags offer a healthy, secure, and green substitute, as they are 100% biodegradable bags made from recycled newspaper bags, jute twine, and glue made from flour, which can carry more weight than regular bags.
A bag made from two layers of discarded newspaper and a thin length of rope can hold 2.5 kg owing to creative construction. Eco-friendly bags are reusable and produced from recycled materials such as paper, cotton, canvas, and jute. For instance, according to research, India exported cotton shopping bags worth USD 105.29 million in 2020–2021 from April-November. The U.S. market share of total cotton shopping bags export shipments from India is USD 25.22 Million, followed by Germany with USD 22.17 Million, France with USD 9.09 Million, the UK with USD 8.48 Million, and the Netherlands with USD 7.8 Million.
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Shopping Bags is expected to rise in the coming years.
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Regional Outlook
For comprehensive understanding of market dynamics, the global Shopping Bags Market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Shopping Bags Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Shopping Bags Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Shopping Bags Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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