According to a recent report by Reports and Data, the global market for shopping bags was valued at USD 10.49 Billion in 2021, and is expected to grow at a revenue CAGR of 2.9% during the forecast period. The main driving factor for this growth is the rising demand for eco-friendly and reusable shopping bags. These bags offer a safer, more secure, and environmentally friendly alternative, as they are made from recycled materials such as newspaper bags, jute twine, and flour-based glue, and are completely biodegradable. Additionally, compared to regular bags, they have a higher carrying capacity - for example, bags made from two layers of used newspaper and a short piece of rope can hold up to 2.5 kg due to their innovative design. Reusable eco-friendly bags are also made from recycled materials like paper, cotton, canvas, and jute, and are composed of sturdy materials that can withstand heavy weight without tearing.
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Top Profiled Companies in the Global Reusable Shopping Bags Market Report:
Earthwise Bags Company Inc., Mato& Hash, Planet E, Creative Green Life., BeeGreen, Simply+Green Solutions, Yookeehome, ASF TASHI LLC., and Ecosac Co.
Major Driving Factors of Reusable Shopping Bags Market
· Increasing demand for eco-friendly and reusable shopping bags, as consumers become more environmentally conscious and seek sustainable alternatives to single-use plastic bags.
· Growing awareness about the harmful effects of plastic on the environment and wildlife, which has led to government initiatives and regulations to ban or limit the use of single-use plastic bags.
· Rising disposable incomes and changing consumer lifestyles, which have resulted in increased spending on retail products and an uptick in the use of shopping bags.
· Advancements in technology and materials used in the production of shopping bags, which have improved their durability, strength, and aesthetics.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Material type Outlook (Revenue, USD Billion; 2019-2030)
- Paper Bags
- Cotton Bags
- Canvas Bags
- Jute Bags
- Others
Distribution channel Outlook (Revenue, USD Billion; 2019-2030)
- Offline Retail Stores
- Online Retail
Type Outlook (Revenue, USD Billion; 2019-2030)
- Reusable Bags
- Non-Reusable Bags
Key Takeaways of the Global Reusable Shopping Bags Market Report:
· A comprehensive overview of the global Shopping Bags industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Reusable Shopping Bags Market.
· Elaborate study of the leading regional markets in the global Reusable Shopping Bags Market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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