Sewing Bags Market

The global sewing bags market is expected to register a CAGR of 4.48% during the review period. The growth of the global market can be attributed to the increasing demand for convenient bags and baggage to store a variety of products. Additionally, the growing trend of jute bags and other plant-based fabrics is expected to drive the global market growth. The increasing availability of sewing bags through organized distribution channels as well as product promotion through social media are expected to create growth opportunities for the players operating in the global market. However, limited sales in developing countries are likely to hamper the global market growth during the review period.

The increasing preference for convenient, small, multipurpose bags is boosting the popularity of sewing bags across the globe. Sewing bags provide the benefit of compact storage of belongings such as cosmetics and lunch boxes. Additionally, the various size options of sewing bags cater to the storage of multiple things in an organized manner during transit. Market players are incorporating innovative designs and prints when manufacturing sewing bags and are also customizing offerings to create uniqueness and increase their global market presence. Considering the various features and functions of sewing bags, consumers are increasingly switching to these multipurpose bags as a convenient option, thereby driving the growth of the global sewing bag market.

Economic growth, a rising middle class population, and high migration rate from rural to urban areas have led to the influx of international retailers in Asia-Pacific. This has encouraged the expansion of existing retail outlets in countries such as India and China. Online retailing is trending for home decoration and travel accessories across Asia-Pacific. With instant access to catalogs and price lists, customers have a clear idea of the available products which simplifies purchasing decisions. It has been observed that online retailers are capturing a large portion of the market share from brick-and-mortar stores. Consumers are also increasingly inclined toward online shopping in order to minimize time. The increasing working population, growing product awareness, and demand for sewing bags for carrying lunchboxes, storing cosmetics, and several other vital purposes are increasing steadily in developing countries in Asia-Pacific. The availability of these bags on online stores is currently limited.

India is an important Asian economy, following China, where the trend of one-stop shops and modern retailing has been growing at a fast pace. According to the India Brand Equity Foundation (IBEF), retail space in India, in terms of carpet area, is expected to increase by 81% from 2017 to reach 7.8 million sq. ft by the end of 2018. Moreover, the retail market in India is expected to grow by 60% to reach USD 1.1 trillion by the end of 2020 due to rising per capita incomes, increased digital connectivity, and lifestyle changes for the middle class. Online retail in India is also projected to rival brick-and-mortar stores, reaching USD 17.8 billion in 2017, an increase of 23% from the previous year.

Thus, the growing retail sector in Asia-Pacific offers lucrative opportunities to the manufacturers of sewing bags during the forecast period.

The prices of sewing bags have fallen drastically in emerging economies due to low sales. The prime reason for the low demand for the commodity is the lack of product awareness. With a sluggish rate of Internet penetration, lack of infrastructure, and widespread use of plastic bags in several rural areas of the developing countries of the world, the overall sales of sewing bags are being hampered. Moreover, the introduction of innovative products in emerging economies faces issues such as acceptance of fashion trends, limited purchasing power, and weak distribution systems.

Thus, limited sales in emerging economies are expected to hinder the growth of the market during the forecast period.