Laundry Bag Market Trends, Industry Share, Growth Drivers, Business Opportunities and Demand Forecast to 2029
The global laundry bag market size is expected to expand on account of the factor that it is majorly utilized to transfer and store the regularly used clothes in a single space, states Fortune Business Insights™, in its report, titled, “Laundry Bag Market, 2022-2029.” According to our researchers, the increasing consciousness concerning cleanliness & sanitation among individuals is predominantly fuelling the demand for such products. These days, customers are on a constant lookout to buy laundry bags of various forms and sizes according to their regular laundry requirements. For example, in February 2020, Target Corporation launched suitcase bags underneath their ‘Open Story’ marque which comprises of characteristics such as TSA lock and USB slots for charging power banks, as well as a laundry bag that aids tourists or commuters to retain numerous items in a structured manner.
COVID-19 Impact: Augmented Usage of Product in Clinics to Propel Market Growth
The indeterminate manifestation of the COVID-19 pandemic disease has led to a hike in the necessity for private laundry care goods among individuals for the determination of evading the contamination from the cross-infection of clothes. Moreover, escalating infrastructural amenities associated with clinics and hospitals are further powering the utilization rate of clothing bins by the hospital workforce as well as patients. As per the report issued by the Ministry of Health and Family Welfare, Government of India, titled, ‘Rural Health Statistics’, the amount of PHC fitness centres and HW/ANM sub-centres in India has augmented from 133,194, which was documented by the end of 2015 to 234,200 as of March 2019, reported an upsurge of 75.9%.
Fortune Business Insights™ lists out all the laundry bag market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- HandyLaundry
- Inter IKEA Systems B.V.
- HOUZE STORAGE INSPIRATIONS
- CHIPMUNKBAGS
- Greenstell
- CleverMade
- NINGBO IMOTECH TECHNOLOGY CO. LTD.
- Caroeas
- dbest products, inc.
- Best Choice Products
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Report Coverage
The report offers an organized study of the laundry bag market fragments and systematic analysis of the global market. A considerate estimation of the existing market trends as well as the impending opportunities is presented in the report. Additionally, it presents an in-depth analysis of the regional dynamics and their role in shaping the global laundry bag market growth. Likewise, the COVID-19 influences have been conversed in the report to aid shareholders and corporation owners with an augmented understanding of the conceivable intimidations prevailing in the market. The report also reveals the prominent players and their chief tactics to remain in the leading position.
Drivers and Restraints
Surging Sanitation and Personal Hygiene Practices among People to Stimulate Growth
The aggregating consumption rate of apparel and accessory substances, combined with the everyday laundry requirements of the people, is fundamentally navigating the growth of the market. Additionally, the increasing dirt and air pollution stages across the world has also resulted in an upsurge in the requirement for the day-to-day usage of laundry care things such as laundry cleaners, bags, and brush among others. Furthermore, the increasing urbanization rate pooled with the disposable income expenditure on individual hygiene products is expected to bolster the laundry bag market growth during the forecast period.
Nevertheless, the aspect of rising costs of laundry care goods such as bags and detergent among others is projected to restrain the market growth. Moreover, the extensive obtainability of additional products such as pillow cover, washed clothes dryers and many more, which can be utilized to store clothes by individuals is anticipated to put a constraint on the consumption of fabric baskets.
Regional Insights
North America held the maximum laundry bag market share and is anticipated to propel owing to a huge number of clinics and hospitals in the nations such as the United States and Canada, which leads to an amplified demand for the laundry maintenance associated products & facilities for the hospital patients. Moreover, increasing customer expenditure for the attire and clothing things is expected to fuel the demand for laundry care goods in this region.
Asia Pacific held the second-largest market shares and the growth of the region is accredited to the surging acceptance of laundry facilities by populace. This is probable to augment the usage of the laundry bags by service providers like these in leading nations such as India, China and Bangladesh. Furthermore, the rising number of travellers and tourists in these countries, consequences in the growing consumption rate of the travel washing bags by people.
Segmentation
Based on Product Type, the market is segregated into Laundry Baskets & Bins, Laundry Hampers, Backpack Laundry Bags, and Others.
On the basis of Material, the global market is further categorized into Nylon Fabric, Denim Fabric, Cotton, Others.
Based on Application, the market is again classified into Households, Hotels & Residencies, Hospitals, and Others.
In terms of Region, the market is bifurcated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Competitive Landscape
Launching Novel Products to Help Key Players Maintain their Global Position in Market
Key players are on an incessant lookout for applying tactics that are effective and will help boost the revenue of the company. Among the huge pool of strategies, one such efficient approach is to launch trending products in order to increase the user-base. For example, in November 2019, ARM & HAMMER, which is a high-quality solution supplier laundry company, along with OxiClean of company Church & Dwight Co. unveiled modern laundry solutions for benefitting the hostel students and their parents to reduce their laundry burden. This has augmented the usage of laundry bags by these customers.
The Global Laundry Bag Market Research/Analysis Report Contains Answers to your following Questions:
- Which Manufacturing Technology is used for Laundry Bag ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Laundry Bag Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Laundry Bag Market? What Was Capacity, Production Value, Cost and PROFIT of Laundry Bag Market?
- What Is Current Market Status of Laundry Bag Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Laundry Bag Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Laundry Bag Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Laundry Bag Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Laundry Bag Industry? What are Global Laundry Bag Analysis Results? What Are Global Laundry Bag Development Trends?
- What Are Market Dynamics of Laundry Bag Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Laundry Bag Industry?
Industry Development
July 2020: SAS Laptics established water-soluble bands on the laundry bags for clinic workers. These strips can be effortlessly disbanded into the water as the consumer begins to rinse their laundry bags. This is probable to upsurge the growth of the water-soluble laundry bags in the future.
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