Carry bags is very commonly used in packing industries; it is used to carry consumer goods in daily life. Carry bags are made up of different type of material such as paper, jute, cotton & canvas and very popularly plastic. Plastic bags are most popularly used in retail industries, as it is cheap, versatile and easy to use, plastic bags are durable and weather proof in nature as it protect goods from water, heat as well as cold. Now a days retailer are charging for plastic carry bags to decrease use of plastic, as plastic is polluting the environment and takes long duration to decompose. Majority of brands and retailers have started shifting towards paper bags as paper bags are reusable and recyclable in nature, paper bags are durable, fashionable and very popular used for brand promotion. Carry bags are gaining prominence in day-to-day life, which a major factor in the growth of the global carry bag market.
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COVID-19 scenario analysis:
During COVID-19, many industries were suffering from economic crises; spread of Wuhan virus has led to adverse effect on global carry bags market.
To control spread of corona virus diseases, Nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and disordering of production cycle of global carry bags market.
Due to COVID-19 pandemic Outbreak restraints were imposed on entire retail industries such supermarket, hypermarket, brand stores and other retailers who are major user of carry bags, resulted into great decline in demand of carry bags. During lockdown e-commerce player were major users of carry bags for packaging of retail goods, due to disruption in supply chain of raw material resulted into hampering in demands of carry bags.
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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Retails sector is growing at significant rate especially in case of small scale retailers. Major reason behind growth of retailing sector is rapid increase of middle class consumer, as they expect goods in affordable prices. Retailers of Indian market offer goods in affordable prices and resulting into growth of disposable income of retailers. Carry bags are majorly used in retailing sector to carry consumer goods, growth in retailing sector is resulted into inclination in demand of carry bag. These are key driver in growth of global carry bags market.
Key player are highly investing in innovation of products and indulge with R&D process, to offers improvised and better products to catering demand of it consumers and to compete with competitors and rival products. Key manufactures has introduced paper, jute and canvas carry bags, these carry bags are eco-friendly and easy to recycle. These carry bags takes less time decompose as compared to plastic carry bags. Innovation in carry bags is key factor in growth of global carry bags market.
Consumers are more concerned with environment factors now a day, as plastic is rapidly polluting environment. Retailers are using plastic carry bags on large scale as they are cheap convenient and most durable carry bags, food industries is also using plastic for packing of foods which is very harmful for health of human beings. Rise in awareness among consumer led to decline in use of plastic carry bags and resulted in increase in use of other bags such as jute, paper and cotton carry bags. Rising in awareness of people is a prominent factor in growth of global carry bags market.
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Market Trends-
Rise in trend of biodegradable plastic carry bags.
Normal plastic bags are causing destruction and polluting environment, as it takes around 500 years to decompose. Key players have started manufacturing biodegradable plastic carry bags; these biodegradable plastic carry bags are taking less time to decompose and easy to recycle. Biodegradable plastic carry bags are easy to produce and non-toxic in nature. Inclination in use of biodegradable plastic carry bags is significant factor in growth of global carry bags market.
Rise in trend of using paper bags.
Now a day, key player in retailing sectors has started adopting paper carry bags, as it protects the environment and easy to reuse and recyclable. Major reason behind of adaptation of paper carry bags is better branding, paper carry bags create helps to brand building as names of brands can be easily printed on carry bags and it looks fashionable. Paper carry bags are durable and eco-friendly. These are major factor in growth of global paper carry market.
Key benefits of the report:
This study presents the analytical depiction of the carry bags Industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the carry bags market share.
The current market is quantitatively analyzed from 2020 to 2028 to highlight carry bags market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed carry bags market analysis based on competitive intensity and how the competition will take shape in coming years.
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