Bags are one of the most widely traded commodities in the world. There are many daily activities we can’t think of doing without having a bag by our side. Portable transport bags are the newest trend – transportable bags allow you to carry more material in an organized way. Given that borders have become quite accessible, global trips have also become frequent and common for people. This is propelling the market for portable transport bag. It is being said that customization of portable transport bags in terms of space and capacity can boost the market globally during the forecast period. In the absence of any major economic crunch, sales in key markets such as the US, China, Japan, and France are expected to rise steadily between 2016 and 2024.
Portable Transport Bags Market- Market Segmentation:
The portable transport bags market can be segmented into categories based on material type, product type and end use type. On the basis of material type, the portable transport bag market is segmented into plastic, leather, and others. Others includes jute, rubber, and paper portable transport bags. On the basis of product type, the global portable transport bag market is segmented into hand bag, back pack, trolley bag luggage, travel bag, and cosmetic bag. Based on the end use type, the global portable transport bag market is segmented into commercial use and non-commercial. The commercial use category can be further fragmented into segments like food and beverages, pharmaceuticals, chemical industry, cosmetics and personal care, and industrial goods.
Portable Transport Bags Market- Market Dynamics:
Given the increase in trade activities and material transportation, the portable transport bags market is growing significantly. Increasing demand for daily carry out activities is bolstering the market for portable transport bag. Due to the boom in online commerce, manufacturers have found a new platform to sell their portable transport bags, a trend that is adding to the growth of the industry. Technological improvements such as the facility of a coolant or a heater in the bag as per the material requirements is also anticipated to boost market growth over the forecast period.
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Moreover, light-weight portable transport bags are strengthening the market rapidly. Unfortunately, since the durability of these bags is less compared to metal containers, this is a restraining factor for the portable transport bag. The increasing demand for customized bags from different industries like food & beverages, pharmaceuticals, and chemicals can also be a good opportunity for the portable transport bag market.
Portable Transport Bags Market- Regional Outlook:
Geographically, the portable transport bags market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC), and Middle East & Africa (MEA). The growth of global portable transport bags market is expected to witness a healthy CAGR over the forecast period of 2016-2024. It is expected that the Asia-Pacific region will witness a high growth in the portable transport bags market due to the rise in consumption pattern. The demand of the portable transport bags market is expected to witness an above average growth in North America due as these bags will find increasing commercial and industrial usage in the country.
Portable transport bags Market- Major Players:
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.