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Table of Contents
Packaging has become very important aspect of transportation service. Quality packaging and safety of product are two paramount parameters of packaging in today’s world. Transport bags plays very vital role in the packaging of various elements as well as in safety. It protects the elements from accidents, temperature, heavy rain, humidity and many other natural or manmade damaging reasons. As the packaging industry has grown and continue to grow tremendously Transport bags market also grown at significant rate globally.
Transport Bags market has shown impressive compound annual growth rate (CAGR) of 6.3% between 2018-23 and expected to grow at even higher CAGR of 7.2 % between according to Profshare Market Research. Transport Bags finds its importance of packaging in various industries such as electronics, agriculture, automotive, construction, food & beverages, chemicals, pharmaceuticals. All these industries are growing at significant growth rate and hence Transport Bags market is showing high growth rate. Increasing popularity of online shopping also propelling fuel to the growth of Transport Bags market.
North America is leading player of market with more than USD 24 billion revenue generation through Luggage and Bags market. European market has significant impact on Transport Bags market with more than 20 % revenue generated through Luggage and Bags market. Asia-Pacific is eye catching market for Transportation and Packaging industry. Rising population, increasing disposable income and better lifestyle are the primary reasons for the growth of Transport Bags market in the Asia-Pacific region. Africa and Middle are expected to grow at constant rate in forecasted period.
Based on geography, the Transport Bags Market can be segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and the Rest of the World (ROW). North America accounts for a prime share of the Transport Bags Market due to extensive use packaging material and well grown packaging market. Transport Bags Market region is anticipated to expand due to the technical advancement in region. Europe market is expected to show significant growth in recent upcoming years.
Transport Bags Market: Material Type
Transport Bags Market: Product Type
Transport Bags Market: Applications
Transport Bags Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Transport Bags Market:
Global Transport Bags Market: Regional Analysis
Global Transport Bags Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 21748.15 million |
Forecast Value (2031) |
USD 35382.27 million |
CAGR (2025-2030) |
7.2 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Transport Bags Market was valued at around USD 21748.15 million in 2023 & estimated to reach USD 35382.27 million by 2030.
Transport Bags Market is likely to grow at Compound Annual Growth Rate (CAGR) of 7.2% between 2024 to 2030.
Transport Bags Market is dominated by the Travel Type segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Transport Bags Market are Petzl Securite, Utility Diadora, Beal Pro, ROX, Blaklader Workwear, Neofeu, GeoMax, Precintia International, Helly Hansen Work Wear, Swiss Rescue, DMM Professional, VersarPPS, Maletas Tecnicas Boxfort, Lafont, Somain Securite.
Primary driving factors for the growth of the Transport Bags Market include Tremendous growth of the packaging and online retail industry.
Yes, the report includes COVID 19 impact on the market.
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