Press release
Portable Transport Bag market is Expected to Exhibit High CAGR During the Forecast Period 2016-2024
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The global portable transport bag market is expected to grow rapidly as a result of increased trade activities both at local and global level. The positive outlook of various packaging industries towards the portable transport bag market due to facility of customization of bag size and capacity as per requirement is expected to play a major role in the development of the market. Technological advancements, such as the facility of coolant or heater in the bag as per the material requirements is also anticipated to boost market growth over the forecast period.
However, the durability of the bags as compared to metal containers can be a restraint for the portable transport bag market. The increasing global trade and material transportation can be the opportunity for the global portable transport bag market. The increasing demand for customized bags from various industries such as food and beverages, chemical and pharmaceutical industry also can be the opportunity for the global portable transport bag market.
The global portable transport bag market is segmented on the basis of the material type, by product type, by end use and geographical region.
Based on the material type the global portable transport bag market is segmented into:
Plastic
Leather
Metal
Others
Jute
Rubber
Paper
Based on the product type the global portable transport bag market is segmented into:
Hand Bag
Back pack
Trolley bag
Luggage and travel bag
Cosmetic bag
Based on the end use type the global portable transport bag market is segmented into:
Commercial
Food and beverages
Pharmaceuticals
Consumer goods
Industrial goods
Non commercial
In terms of geography, the global portable transport bag market has been divided into five key regions, including North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The global portable transport bag market has expected to register moderate growth over the forecast period. Asia Pacific has contributed the major share to the global portable transport bag market due to the rapidly growing cross border trade in Asia Pacific region. North America and Europe regions are also growing at a decent growth and expected to register the significance CAGR over the forecast period. Latin America and MEA regions are at a nascent stage and anticipated to register the healthy growth over the forecast period.
Some of the key players of the global portable transport bag market are PETZL SECURITE, UTILITY DIADORA, Beal Pro, IRUDEK 2000, ROX, BLAKLADER WORKWEAR, NEOFEU, GeoMax, Precintia International, Ansell Protective Solutions, HELLY HANSEN Work Wear, Swiss Rescue, DMM Professional, Grundens of Sueden, Versar PPS, MALETAS TECNICAS BOXFORT, LAFONT, SOMAIN SECURITE, Louis Blockx and NNZ.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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