The reusable shopping bags market is expected to grow significantly with the increasing utilization of reusable shopping bags in the retail sector. In response to the growing environmental concerns arising from pollution, littering, and alarmingly slow decomposition of the popular single-use plastic bags, the reusable shopping bags are gaining tremendous traction over the recent times. These insights are taken from the extensive and comprehensive market research study published by Future Market Insights (FMI), tracing the key findings pertaining to the reusable shopping bags market.
According to the insightful market research publication by FMI, several supermarkets are promoting the use of reusable shopping bags. Retailers including Target, Foodland, and Whole Foods offer reusable shopping bags credits and discounts on bringing in their own reusable shopping bags. Another retailer, Marks & Spencer, also contributed to the battle against plastic with the launch of new reusable shopping bags. Such activities are further boosting the utilization of reusable shopping bags, thereby accelerating the overall growth of the reusable shopping bags market.
The FMI study describes the progress reflected by the reusable shopping bags market, wherein various organizations are seen contributing to the increasing application of reusable shopping bags. For example, in light of the city-wide plastic bag ban, the Greater Haverhill Chamber of Commerce intends to distribute reusable grocery bags at the area Market Basket locations free of charge.
Tote bags are expected to remain prominent type of reusable shopping bags owing to their increasing popularity.
Tote Bags to Gain Major Popularity amongst Reusable Shopping Bags
The global tote bags market is projected to exhibit a noteworthy growth trajectory, on account of the favorable adoption scenario in the retail sector, backed by the increasing number of shopping centers in countries such China and India. Exhibiting a significant growth rate over the forecast period, the tote bags market is expected to progress notably. Moreover, the key market trends witnessed in the tote bags market are expected to influence the overall progress of the tote bags market. In response to this, the demand for leather tote bags is expected to rise significantly with the increasing trend of fashionable and luxury bags for carrying beauty and other products amongst female customers.
Apart from the aforementioned factors, the reusability feature of the tote bags is further contributing to the increasing demand for tote bags. Moreover, tote bags can be folded when not in use and can be recycled after considerable reuses. This has further triggered the popularity of tote bags amongst the end-users. Retail companies are majorly emphasizing on promoting the use of reusable shopping bags such as the reusable tote bags, thereby creating growth opportunities for companies operating in the tote bags market. The FMI study offers several actionable insights on the companies operating in the tote bags market. While tote bags gain significance as an alternative for plastic bags with respect to their reusability, will they outshine plastic bags on the environmental factor?