Market Overview:
The global compression bags market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for compression bags from different applications such as supermarkets/hypermarkets, e-commerce, retail stores and others. North America dominates the global compression bags market and is expected to maintain its dominance during the forecast period due to rising demand from various end user segments in this region.
Product Definition:
A compression bag is a bag made of cloth, plastic or airtight material used to store or compress clothing, bedding and other articles for easier storage.
From 10 to 30 liters:
From 10 to 30 liters, it's usage and growth factor in the global Compression Bags market is expected to grow at a significant rate over the forecast period. The demand for From 10 to 30 liters bags is increasing due to its use in various end-use industries such as construction & infrastructural, oil & gas, mining and others.
from 30 to 50 Liters:
From 30 to 50 liters is the range of typical size used for packaging various products in the industry. It can be used for both liquid and rigid products. The main function of this packaging is to protect the product from damage, transportation shock, vibration & noise during transport and handling by using appropriate material such as plastic or metal.
Application Insights:
The others application segment held the largest market share of more than 40.0% in 2017 and is expected to continue its dominance over the forecast period. The other major applications include healthcare, food & beverage, and packaging industries. In recent years, supermarkets have been focusing on offering better quality products at affordable prices which has led to an increase in demand for compression bags across all regions of the world including North America, Europe, Asia Pacific and Middle East & Africa.
Compression bags are widely used by e-commerce companies as they offer efficient packaging solutions for a wide range of products ranging from electronics to bookshelves with different shapes and sizes without having any negative impact on their pricing or availability status with Amazon¢â‚¬â„¢s FBA service (Fulfilled by Amazon).
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, favorable reimbursement policies, and high adoption rate for advanced products are some of the factors responsible for its large share. In addition, increasing cases of sports injuries and rising healthcare expenditure by governments are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to various initiatives taken up by regulatory bodies such as Health Ministry (Japan) and Ministry of Health Labor & Welfare (South Korea). These countries have made it compulsory for employers to provide Compression Stockings or Compression Garments during work hours as a preventive measure against varicose veins treatment in hospitals or clinics at a subsidized cost. This is likely to boost demand across this region in future years.
Growth Factors:
- Increasing demand for compression bags from the travel and tourism sector as a way to reduce luggage weight and save on baggage fees.
- Rising popularity of eco-friendly alternatives to traditional storage methods, such as plastic bags and boxes.
- Growing demand for compression bags from online retailers as a way to reduce shipping costs and improve delivery times.
- Increasing use of compression bags by businesses in order to store inventory more efficiently and save on warehouse space requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Compression Bags Market Research Report
By Type
From 10 to 30 liters, from 30 to 50 Liters, Above 50 Liters
By Application
Supermarket / Hypermarket, E-commerce, Retail Stores, Others
By Companies
Yuyao Boya Packing Products, Yiwu City Kaiyun Packaging, Real Space Bag, Gobi Gear, Granite Gear Sack, Hyperlite Sacks, Osprey Sacks, ZPacks Sacks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Compression Bags Market Report Segments:
The global Compression Bags market is segmented on the basis of:
Types
From 10 to 30 liters, from 30 to 50 Liters, Above 50 Liters
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket / Hypermarket, E-commerce, Retail Stores, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yuyao Boya Packing Products
- Yiwu City Kaiyun Packaging
- Real Space Bag
- Gobi Gear
- Granite Gear Sack
- Hyperlite Sacks
- Osprey Sacks
- ZPacks Sacks
Highlights of The Compression Bags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- From 10 to 30 liters
- from 30 to 50 Liters
- Above 50 Liters
- By Application:
- Supermarket / Hypermarket
- E-commerce
- Retail Stores
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compression Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compression bags are a type of airtight storage container that use pressure to reduce the volume of air inside. This allows items to be stored in a smaller space, which can be helpful when limited storage space is available.
Some of the major players in the compression bags market are Yuyao Boya Packing Products, Yiwu City Kaiyun Packaging, Real Space Bag, Gobi Gear, Granite Gear Sack, Hyperlite Sacks, Osprey Sacks, ZPacks Sacks.
The compression bags market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compression Bags Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compression Bags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compression Bags Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compression Bags Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compression Bags Market Size & Forecast, 2018-2028
4.5.1 Compression Bags Market Size and Y-o-Y Growth
4.5.2 Compression Bags Market Absolute $ Opportunity
Chapter 5 Global Compression Bags Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Compression Bags Market Size Forecast by Type
5.2.1 From 10 to 30 liters
5.2.2 from 30 to 50 Liters
5.2.3 Above 50 Liters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Compression Bags Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Compression Bags Market Size Forecast by Applications
6.2.1 Supermarket / Hypermarket
6.2.2 E-commerce
6.2.3 Retail Stores
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compression Bags Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compression Bags Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Compression Bags Analysis and Forecast
9.1 Introduction
9.2 North America Compression Bags Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Compression Bags Market Size Forecast by Type
9.6.1 From 10 to 30 liters
9.6.2 from 30 to 50 Liters
9.6.3 Above 50 Liters
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Compression Bags Market Size Forecast by Applications
9.10.1 Supermarket / Hypermarket
9.10.2 E-commerce
9.10.3 Retail Stores
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Compression Bags Analysis and Forecast
10.1 Introduction
10.2 Europe Compression Bags Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Compression Bags Market Size Forecast by Type
10.6.1 From 10 to 30 liters
10.6.2 from 30 to 50 Liters
10.6.3 Above 50 Liters
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Compression Bags Market Size Forecast by Applications
10.10.1 Supermarket / Hypermarket
10.10.2 E-commerce
10.10.3 Retail Stores
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Compression Bags Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Compression Bags Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Compression Bags Market Size Forecast by Type
11.6.1 From 10 to 30 liters
11.6.2 from 30 to 50 Liters
11.6.3 Above 50 Liters
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Compression Bags Market Size Forecast by Applications
11.10.1 Supermarket / Hypermarket
11.10.2 E-commerce
11.10.3 Retail Stores
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Compression Bags Analysis and Forecast
12.1 Introduction
12.2 Latin America Compression Bags Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Compression Bags Market Size Forecast by Type
12.6.1 From 10 to 30 liters
12.6.2 from 30 to 50 Liters
12.6.3 Above 50 Liters
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Compression Bags Market Size Forecast by Applications
12.10.1 Supermarket / Hypermarket
12.10.2 E-commerce
12.10.3 Retail Stores
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Compression Bags Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Compression Bags Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Compression Bags Market Size Forecast by Type
13.6.1 From 10 to 30 liters
13.6.2 from 30 to 50 Liters
13.6.3 Above 50 Liters
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Compression Bags Market Size Forecast by Applications
13.10.1 Supermarket / Hypermarket
13.10.2 E-commerce
13.10.3 Retail Stores
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compression Bags Market: Competitive Dashboard
14.2 Global Compression Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yuyao Boya Packing Products
14.3.2 Yiwu City Kaiyun Packaging
14.3.3 Real Space Bag
14.3.4 Gobi Gear
14.3.5 Granite Gear Sack
14.3.6 Hyperlite Sacks
14.3.7 Osprey Sacks
14.3.8 ZPacks Sacks
