Sisal Bags Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Sisal with the botanical name Agave sisalana, is a species of flowering plant widely cultivated and naturalized in many countries. It yields a stiff fiber used in making rope and various other products. The sisal fiber is traditionally used for rope and twine, and has many other uses, including paper, cloth, footwear, hats, carpets, geotextiles, and dartboards. On account of this, sisal bags are used as packaging material for bulk goods as well as shopping and gift bags.

MARKET DYNAMICS

The global sisal bags market is expected to grow at significant rate during the forecast period. Sisal bag market is driven by the supportive government policies and schemes launched by the government for promoting the use of sisal and sisal products. The imports of sisal bags in non-producing countries have also been facilitated by the ban on plastic packaging materials and bags. Additionally, the benefits offered by sisal bags such as their biodegradability, durability, low cost, high strength, etc. have further supported the market growth. The sisal bags are long-lasting, they do not tear easily as plastic and paper bags which makes them popular among the end users. The future outlook for the sisal bags market is anticipated to rise considering the benefits provided by sisal bags. Moreover, the rising awareness of eco-friendly products is further expected to proliferate the growth of sisal bags market.

MARKET SCOPE

The "Global Sisal Bag Market Analysis to 2031" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sisal bags market with detailed market segmentation by type and distribution channel. The global sisal bags market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading sisal bags market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global sisal bags market is segmented on the basis of type and distribution channel. Based on type, the global sisal bags market is segmented into hand bags, shopping bags and others. On the basis of distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sisal bags market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The sisal bags market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the sisal bags market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sisal bags market in these regions.

MARKET PLAYERS

The report covers vital developments in the sisal bags market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the sisal bags market are anticipated to lucrative growth opportunities in the future with the rising demand for sisal products in the global market. Below mentioned is the list of few companies engaged in the sisal bags market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sisal bag market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   GuangXi Sisal Group
  
•   REA Vipingo Group
  
•   Wiggles Worth and Co. Ltd.
  
•   Shri Krishna Traders
  
•   Etsy Inc.
  
•   Africa Haven
  
•   Bamboodu
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Sisal Bags Report Scope