Press release
Sewing Bags Market size to garner significant returns by 2027
The global sewing bags market is expected to exhibit a strong 4.48% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global sewing bags market is projected to grow at a healthy growth rate over the forecast period due to the combination of several factors, which are detailed in the report. The major drivers and restraints affecting the global sewing bags market are profiled in the report. The leading players in the sewing bags market are also profiled in the report to provide readers with a comprehensive picture of the competitive dynamics of the market. Key competitive policies adopted by major players in the sewing bags market are profiled in the report.Sewing bags are bags made from natural materials such as jute. Other fabrics such as cotton and hemp are also used in the production of sewing bags. The major difference between sewing bags and plastic bags, in terms of the manufacturing process, is that sewing bags are sewn together manually or by machine, whereas plastic bags are produced industrially in a factory. The presence of biodegradable fibers in sewing bags makes them more environmentally viable than plastic bags, which has been the major driver for the sewing bags market over the forecast period. Plastic pollution has become a major environmental crisis of the age, with plastic pollution accounting for significant pollution of water bodies, causing the death of several animals, and in general being a nonbiodegradable piece of material that will never integrate and assimilate into the environment. This has driven the demand for biodegradable packaging that can carry loads similar to plastic bags or even heavier. The natural bond strength of jute or cotton makes sewing bags much stronger than plastic bags, as well as being environmentally viable. This is likely to be a major driver for the global sewing bags market over the forecast period.
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The fashion perspective of sewing bags is also being addressed in recent years, with many companies making an effort to produce attractive sewing bags that are not only functional but can also act as a fashion accessory. The growing demand for naturally viable bags that look good is likely to be a major driver for the global sewing bags market over the forecast period.
Regional Analysis:
North America is expected to exhibit the highest share in the global sewing bags market over the forecast period, followed by Europe and Asia Pacific. Asia Pacific is expected to exhibit the highest CAGR of 4.91% over the forecast period.
Competitive Analysis:
Leading players in the global sewing bags market include Intouch Leather House India Pvt. Ltd., Sun Bags, La Paso Bien, Frontier Bag Company, Bearse USA, Capri Holdings Limited, Boston Bag Co., Bag It Don’t Bin It, H&M Hennes & Mauritz GBC AB, and Prada SpA.
Acquiring fair trade certifications and other such related certifications is likely to be the key objective for players in the global sewing bags market over the forecast period. Increasing the environmental appeal of the products and emphasizing on their environmental viability is likely to be a highly promising tactic for players in the global sewing bags market.
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Segmentation:
The global sewing bags market is segmented on the basis of product type, distribution channel, and region.
By type, the global sewing bags market is segmented into travel bags, cosmetics bags, backpacks, lunch bags, and others. The cosmetic bags held the largest share in the global sewing bags market in 2018, followed by the lunch bags segment. Improving standards of living, enabled by a growing disposable income, are likely to drive the demand for cosmetic bags over the forecast period, enabling smooth dominance of the segment over the coming years.
By distribution channel, the global sewing bags market is segmented into store-based and non-store-based. The store-based segment currently dominates the global sewing bags market, and is likely to remain the leading distribution channel in the market over the forecast period.
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