The global wine bags market size was worth around USD 125.2 million in 2022 and is predicted to grow to around USD 184.9 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.0% between 2023 and 2030.
During the forecast period, the study examines the impact of market drivers, restraints/challenges, and projected demand on the worldwide wine bags market. The paper also investigates recent shifts in the wine bag market.
Click Here to access The Full market Report : https://www.zionmarketresearch.com/report/wine-bags-market-size
Industry Analysis of Wine Bags
Wine bags are specialised bags or carriers made specifically for storing and transporting bottles of wine. They are made to make transporting wine bottles, whether for personal use or as a gift, easier and safer. Wine bags are normally made to be lightweight and sturdy to protect the bottles inside from being crushed or damaged in transit. They are typically constructed from neoprene, jute, canvas, or another durable fabric that can support the weight and contours of wine bottles. Wine bottles can be transported safely and securely without jostling or breaking the others in these bags due to the padded dividers or slots within. The padded compartments or movable dividers inside certain wine bags can hold bottles of varying heights and widths.
Wine bags are designed to safeguard bottles, but many also have handles or shoulder straps for portability. This makes them ideal for toting wine bottles to get-togethers, barbecues, and the like. They might also have extra storage for things like a corkscrew, wine stopper, or wine glasses. You may find wine bags in a wide range of colours, patterns, and materials to fit your tastes or the event you’re planning. In order to maintain the wine’s ideal temperature for an extended amount of time, certain wine bags are insulated.
• Our research analyst has revealed that the worldwide market for wine bags is expected to expand at a CAGR of roughly 5.0% between the years 2023 to 2030.
• The worldwide demand for wine bags was estimated at $125.2 million in 2022, with a rise to $184.9 million expected by 2030.
• The wine bag industry is expected to expand thanks to the benefits it provides, especially the ease and security of transport.
The market for wine bags is expanding as a result of its convenience and durability
The bottles of wine can be easily transported in a wine bag. They have special pockets or slots for holding bottles safely, so they won’t bang into one another and break. Carrying several bottles of wine to a party, picnic, or other social gathering is made simple by the bag’s handles or shoulder straps. In addition, the bottles are shielded from damage during shipment thanks to the special construction of these bags. The bottles will make it to their destination unscathed thanks to the case’s strong build and padded compartments. In the case of expensive or fragile wines, this is of paramount importance. Therefore, the worldwide wine bag market is anticipated to increase over the projected period on the back of the ease and security provided by wine bags.
The market is being held back by the fact that wine bags only hold so much
Wine bags are normally made to carry a set number of bottles, and hence have a finite capacity. This is fine for one person or a small group, but it might not be enough for a party if everyone brings their own bottle. It’s possible that people would have to use more than one wine bag or find another way to transport their wine if this were the case. As a result, wine bags’ limited storage capacity will likely be a significant factor slowing the wine bag market over the forecast time frame.
Increasing preferences for giving presents signal a valuable business opening
Gifting wine in a wine bag is a modern and classy option. They can improve the presentation as a whole and give a touch of class. People can get wine bags in a wide range of styles, colours, and materials to best suit the recipient’s preferences or the event at hand. They are also commonly given as wine-related presents due to the ease with which they may be customised. For instance, Drizly reports that in 2021, over 750,000 alcoholic beverages were shipped as presents to the North American region. Gifts were sent to all 33 of the states in North America where Drizly is available, but there were a few standout cities. The most presents have been delivered to New York City so far, followed by Chicago, San Francisco, and Los Angeles. New York, California, Massachusetts, Texas, and New Jersey topped the list of top gift-sending states once again this year. Market expansion is anticipated to be driven by gift-giving fads in various regions throughout the forecast period.
Wine bags’ narrow use cases are a significant hindrance to the industry’s expansion
Wine bottles are the intended primary cargo for wine bags. Wine connoisseurs and others who work with wine bottles on a regular basis will find them useful, but their usefulness may be limited to that niche. People looking for bags that can be used for a variety of purposes will find this limitation frustrating. This factor is anticipated to restrain the expansion of the wine bag market throughout the forecast time frame.
The Global Wine Bags Market is segmented based on product, application and region
Global Wine Bags Market: Product Segment Analysis
● Reusable Wine Bags
● Disposable Wine Bags
Global Wine Bags Market: Application Segment Analysis
● Gift Shop
Changes in the Recent Past:
• In December 2021, VinarmourTM Inc, a startup specialising in wine-travel accessories, received a patent for the first foldable, soft, protected wine bag for travel. Both Kevlar® and Dyneema®, often seen in protective body armour for military and law enforcement personnel, are used to reinforce the Vinarmour Carrier. In addition, there is 90% impact-absorbing Poron XRD® foam present. Even the soft plastic seal on the other types of foldable wine travel bags is easily broken. Unique about Vinarmour is its closing mechanism, which is crafted from shatterproof PC/ABS polymer.
The global wine bags market is dominated by players like:
● Wine Box Company Limited
● BUILT NY
● Factory Direct Promos
● Acorn Paper Products
● Initi Bag Manufacturer
● Richie Bags
● Nangfa Manufacturing
● DM Pack
● Green Packaging Industries Pvt. Ltd.
● Bombay Bags
● Factory Direct Promos
During the predicted time period, the market is anticipated to be led by North America
During the projected period, the market for wine bags is anticipated to be largest in North America. Increased wine consumption, wine’s attractiveness as a gift, and the demand for sustainable and environmentally friendly products are all contributing to the region’s expansion. The latest numbers from the alcohol industry show that 60% of Americans regularly partake in alcoholic beverages. More than a third of these people also report a preference for wine. In addition, people of higher socioeconomic status and recent college grads tend to favour wine. Even more so, females (49%) are more likely than males (15%) to enjoy a glass of wine. Finally, the 18-to-34-year-old demographic is the least enthusiastic about wine consumption (22%), while the 55-plus demographic is the most enthusiastic about it (42%).
In addition, the existence of a number of wineries in the area is expected to be a key driver of market expansion throughout the projection period. About 4,700 of the nation’s 11,100 wineries are located in the state of California. California is the indisputable wine centre of the globe, as it is home to about half of all wineries in the United States. The state also produces the most wine in the United States, at a whopping 684.8 million gallons per year. In addition, after Spain, France, and Italy, it is the fourth-largest wine producer worldwide. As a result, these numbers are what are expected to propel the market forward during the forecast horizon.
Get Customization Report : https://www.zionmarketresearch.com/custom/7288
About Us :
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.