NEWARK, Del, Nov. 26, 2023 (GLOBE NEWSWIRE) -- NEWARK, Del: The global magazine and literature bag market size is estimated to be valued at US$ 110.3 million in 2024. The magazine and literature bag sales are expected to witness a CAGR of 3.1% from 2024 to 2034. By 2034, the magazine and literature bag market is anticipated to reach a valuation of US$ 149.7 million.
Factors Igniting Demand for Magazine and Literature Packaging Solutions
- There is an upward trend in the adoption of magazine and literature bags as shipping packaging options are increasing due to the popularity of eCommerce. Demand for magazines and literature bags is higher, which strengthens and defends against damage during transit.
- Print media, including literature and magazines, remains relevant despite the growth of digital media. Safeguarding tangible printed materials during storage and transportation may compel the demand for magazines and literature bags.
- The global shift toward sustainability has impacted the packaging industry. Businesses and consumers are becoming interested in eco-friendly packaging options. There is a rise in demand for magazine and literature bags because they are composed of recyclable or biodegradable materials.
- Textbooks, workbooks, and other printed materials must be transported and kept safe in educational settings. The education sector propels the magazine and literature bag market.
Request Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/REP-GB-18300
Key Takeaways
- The paper segment in the material type category is estimated to grab a share of 52.50% in 2024.
- In the basis weight category, the 25 to 30 GSM segment acquires a market share of 40.2% in 2024.
- The United States magazine and literature bag sales is anticipated to surge at a CAGR of 3.5% through 2024.
- The North America magazine and literature bag market grabs a share of 23.50% of the global market.
- The Germany magazine and literature bag industry is set to develop at a CAGR of 2.5% through 2024.
- The magazine and literature bag demand in the United Kingdom is expected to witness growth at a CAGR of 2.0% from 2024 to 2034.
- Europe magazine and literature bag market holds a market share of 29.50% in 2024.
- China’s magazine and literature bag sales are expected to surge at a CAGR of 5.2% until 2034.
- India’s magazine and literature bag market is anticipated to expand at a CAGR of 5.6% through 2034.
- The Australia magazine and literature bag industry is set to register a CAGR of 2.8% through 2034.
- Japan magazine and literature bag industry is expected to exhibit a CAGR of 3% through 2034.
Buy this Exclusive Report: https://www.futuremarketinsights.com/checkout/18300
Regional Magazine and Literature Bag Market
- Asia Pacific is experiencing a boom in demand for magazine and literature bags due to rising rates of literacy and an expanding urban population.
- The North American market for magazines and literature bags reflects the region's environmental consciousness by emphasizing eco-friendly materials and sustainability.
- The competitive North American magazine and literature bag industry heavily relies on innovation and fashionable designs.
- In line with Europe’s cultural appreciation of aesthetically pleasing and artistic products, there is a strong focus on fashion and design. This escalates the demand for magazines and literature bags.
- Europe's consumers choose compact, multipurpose magazine and literature bags that reflect their active lifestyles.
“The growing consumer demand for fashionable and valuable accessories is soaring the market growth. The magazine and literature bag demand is expanding due to rising urbanization and a desire for structured lifestyles from 2024 to 2034. Sustainable materials and creative designs are starting to play a significant role in consumer decisions, indicating a trend toward sustainability,” Says Ismail Sutaria, Principal consultant at Future Market Insights.
Key Market Players
- Samsonite
- Tumi
- American Tourister
- Victorinox
- RIMOWA
- Travelpro
- Briggs & Riley
- Herschel Supply Co.
- Eastpak
- JanSport
Competitive Landscape
The magazine and literature bag manufacturers compete for market share within the highly competitive market by highlighting design innovation, sustainability, and durability. Major magazine and literature bag vendors concentrate on growing their product lines, forming business alliances, and improving their distribution systems to obtain a competitive advantage.
For competitors in the magazine and literature bag industry to succeed over the long term, they must be able to adjust to shifting consumer preferences and maintain a commitment to quality.
Novel Innovations
- The North Face, Inc.: Although the North Face is best known for its outdoor clothing, it also makes backpacks that can be used for carrying magazines.
- Tumi: Renowned for its high-end accessories for business, travel, and lifestyle, Tumi deals in products in the magazine and literature bags category.
- Victorinox: Known for its Swiss Army knives, Victorinox also makes luggage and travel accessories and magazine and literature bags.
Request a Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-18300
Key Segments
By Material:
- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Bioplastics
- Other Plastics
- Paper
By Basis Weight:
- Up to 25 GSM
- 25 to 30 GSM
- 31 to 40 GSM
- Above 40 GSM
By Sales Channel:
- Online
- Offline
By Region:
- North America
- Europe
- Asia Pacific
- Middle East Asia
- Latin America
Author
Ismail Sutaria (Principal Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
Explore Related Reports of Packaging:
- Food Bags Market Size: The global market is on a growth trajectory, projected to rise from US$ 824.0 million in 2023 to US$ 1,594.3 million by 2033. In 2022, the industry reached a valuation of US$ 770.4 million, and with a year-on-year growth of 7.0% expected in 2023.
- Silo Bags Market Share: The global market is set to experience a robust surge, with an anticipated CAGR of 6.6% from 2023 to 2033. The market value is expected to climb from US$ 938.3 million in 2023 to US$ 1,783.5 million by 2033. Valued at US$ 872.0 million at the close of 2022, the market is poised for a year-on-year growth of 7.6% in 2023.
- Fast Food Bag Market Growth: The market is estimated to reach a value of US$ 486.0 million in 2024, marking an increase from US$ 460.7 million in 2023. Projected to advance at a CAGR of 5.5% during the forecast period from 2024 to 2034, the market is expected to achieve a valuation of US$ 830.2 million by 2034.
- Kraft Paper Shopping Bag Market Trends: The market is poised to register a robust CAGR of 3.9% throughout the forecast period. With a current valuation of US$ 5.2 billion, the market is projected to ascend to US$ 7.47 billion by 2032, reflecting a positive trajectory of growth.
- Bag-in-Box Filler Market Analysis: Projected Growth in Bag-in-Box Filler Market: The bag-in-box filler market is expected to be valued at US$ 163.1 million in 2023, with a forecasted increase to US$ 278.6 million by 2033. Anticipating a substantial CAGR of 5.5% throughout the forecast period, the sales of bag-in-box fillers demonstrate a promising trajectory.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
