String Bags Market: An Overview
String bags bring back the old style of shopping bags giving them a more aesthetic and an antique look attracting more consumers to purchase the bags. Originally, the string bags were used by fisherman but later it was adapted as retail bags that are knitted or woven using cotton, jute or plastic. String bags offer more product visibility and breathability for the items packed.
The bag has dual short and long handles that make it comfortable to carry around by hand or shoulders. These bags are lightweight and will stretch and expand to allow the passage of air. Such factors have contributed to the steady growth of the string bags industry.
The demand for string bags is high as it is used in various industries such as food & beverage, retail, household and even for agricultural purposes. String bags made up of fabric are highly sustainable, organic, reusable, recyclable, and also accounts for zero waste.
String Bags Market: Dynamics
String bags can be customized according to the requirements by attaching custom labels of the brand or attaching a message to give an aesthetic look. The shape and size of the string bags can also be customized. The main advantage of the string bags is that the items packed such as fruits, vegetables, or any other fresh produce stay fresh for a longer period due to the air circulation through the gaps in the bag.
Fabric string bags made up of cotton or jute are highly preferred over plastic string bags for grocery shopping as they are washable that makes the bag reusable. String bags can also be used as laundry bags in the household because of the breathability attribute. They can carry heavy weights right from carrying fruits and vegetables to carrying firewood in cold countries across the globe.
The increased demand for fresh seafood is presenting a great opportunity for the string bags market in the seafood segment. The ongoing trend of using sustainable packaging products is triggering the sales of string bags as they can be reused for secondary purposes. Retail stores such as hypermarkets, supermarkets are adopting string bags replacing plastic bags specifically for fresh foods to allow proper circulation of air.
The factors that will hamper the growth of the string bags market are the cost of raw materials such as cotton and jute. They are not easily available in every region leading to higher prices which will increase the packaging cost too. The threat of substitutes such as plastic bags also acts as a restraint in the growth of the string bags market.
The coronavirus pandemic has forced a major part of the population to sit at home and restrict travel due to restrictions and lockdown. The offline retail stores and shopping outlets have been hit hard by the pandemic as they were shut down for a significant duration. As most of the grocery shopping was done through online deliveries, the usage of string bags was also limited. However, as the pandemic situation is improving consumers are buying patterns are also changing back to normal triggering the increase in usage of string bags for shopping purposes.
String Bags Market: Segmentation
String Bags Market can be segmented by material type, capacity, and end-use.
Based on the Material Type, the String Bags Market has been segmented as
- High Density Polyethylene
Based on the Capacity, the String Bags Market has been segmented as
- Less than 50 lb.
- 50 lb. to 500 lb.
- 500 lb. to 1000 lb.
- Above 1000 lb.
Based on End Use, the String Bags Market has been segmented as
- Food & Beverage
String Bags Market: Regional Outlook
As western consumers are increasingly becoming aware of sustainable practices, green products and packaging, their consumption choices are also shifting towards green products such as string bags North America and Europe are witnessed to be the leading players in the string bags market due to the high usage of string bags for not only fresh foods from farmer’s market but also, firewood, wine tasting, household purposes and many others.
The string bag is nowadays part of a fashionable accessory that attract most consumers. The fashion accessory industry has now advanced from being a basic product that is not that significant to gaining a grip in the lifestyle shopping category even in the developing countries of the Asia Pacific region.
String Bags Market: Key Players
Key players in the String Bags Market are,
- Cady Bag Company
- Agribag Inc.
- Vedder Industrial Co. Ltd.
- SG Global Packaging
- Wasserman Bags
- Fischer Bag Company
- Volm Companies
- Min Shen Enterprise Co. Ltd.
- Krishna Polynet
- Globe Bagco
- Eco Bags
- Credo Bags
- Fulton Companies
The report string bags market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on string bags market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Middle East & Africa (MEA)
- Asia Pacific
- A detailed overview of the parent market
- Changing string bags market dynamics in the industry
- In-depth string bags market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the string bags market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
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
- 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.
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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.