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Soft Loop Bag Market: An Overview

Soft loop bags are multi-purpose plastic bags, used as ready-to-carry bags for various consumer goods. These bags have a high strength to weight ratio, this makes them suitable for a wide range of kinds of products. Commonly used soft loop bags are made of low-density polyethylene (LDPE). Soft loop bags find large scale application in retail packaging as they provide increased stability to fragile goods and provides an upscale appeal to the package.

Manufacturers provide soft loop bags with and without gussets. Soft loop bags with gussets are expandable and this facilitates their use for short-distance travel. Storage in these bags restricts movement thereby reducing the possibility of breakage.  Thus, side loop bags with gussets are estimated to account for majority of the share in global soft loop bag market and are likely to have a positive outlook in the years to come.

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Soft Loop Bag Market: Dynamics

The handles of a soft loop bag are reinforced to the inside of the bag, this makes them easy to carry and provides high strength. Furthermore, the wide gussets allow the bag to stand on its own, reducing the instances of spilling. These attributes of soft loop bags make them a viable storage option for several merchandise.

Moreover, soft loop bags can be printed with logos and other brand promotion information. Thus, the brand-owners treat these bags as walking billboards, a cost-effective means of promotion and brand awareness. The aforementioned factors are likely to fuel the demand for soft loop bags in the next decade.

However, the aversion from plastic might hamper the market growth, and brand-owners might shift to more sustainable alternatives for storage.   

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Soft Loop Bag Market: Segmentation

Globally, the soft loop bag market is segmented by product, material, and end-use.       

By product, the global soft loop bag market has been segmented as follows

  • Without Gussets
  • Side Gussets
  • Bottom Gussets

By material, the global soft loop bag market has been segmented as follows

  • High-density Polyethylene (HDPE)
  • Low-density Polyethylene (LDPE)

By end-use, the global soft loop bag market has been segmented as follows

  • Books
  • Electronics
  • Cosmetics
  • Apparels & Garments
  • Foodservice
  • Others

Soft Loop Bag Market: Regional Outlook

With a high amount of harmful plastic litter surfacing on the ocean, the regulatory bodies of operating across the globe are imposing stringent regulations against the usage of plastic bags, including soft loop bags. Brand-owners are charging a nominal fee for providing soft loop bags. This has resulted in a significant reduction in the consumption of soft loop bags in both developed and developing economies.

Several countries in the Middle East region such as Saudi Arabia, Oman, and Turkey have laid regulations against the use of polyethylene bags. These nations are also levying taxes on the usage of polyethylene bags such as soft loop bags. In the Asia Pacific, India is planning to impose a ban on the use of single-use plastics, this will reduce the regional demand for soft loop bags in the coming years.

Soft Loop Bag Market: Key Players & Market Structure Analysis

Some of the key players operating in the global soft loop bags market are International Plastics Inc., American Plastic Mfg., Inc., Dongguan Bozhan Plastic Bags Products Co., Ltd., Novolex Holdings, LLC, Neptune Technology Sdn Bhd, Command Packaging, Ltd., Esen Polythene Co Pte. Ltd., Lin Ying Plastic Products, Bft Packaging, EnduraPack and more.

The analysis of the global soft loop bag market has revealed that the market is fairly fragmented with several regional bag manufacturers and printing companies operating at the regional level. Thus, the bargaining power of suppliers is estimated to remain low in the global soft loop bag market. Furthermore, the intensity of competition is likely to be high in the soft loop bag market, particularly at the regional level, attributing to the presence of several players that are offering soft loop bags at competitive prices.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Soft Loop Bag Market

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