Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 125.2 Million | USD 184.9 Million | 5.0% | 2022 |
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.
The report analyzes the global wine bags market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the wine bags industry.
Wine bags are specially designed bags or carriers used for transporting and storing wine bottles. They are designed to provide protection and convenience when carrying wine bottles, whether it's for personal use or as a gift. Wine bags typically have a compact and durable construction to safeguard the bottles from breakage and prevent damage during transportation. They are often made from materials such as neoprene, jute, canvas, or other sturdy fabrics that can withstand the weight and shape of wine bottles. These bags usually feature divided compartments or slots that securely hold individual wine bottles in an upright position, preventing them from clinking together and reducing the risk of breakage. Some wine bags also come with adjustable dividers or cushioned inserts to accommodate bottles of different sizes.
In addition to their protective features, wine bags often have handles or shoulder straps for easy carrying. This makes them convenient for transporting wine bottles to parties, picnics, or gatherings. They may also include additional pockets or compartments for storing accessories like corkscrews, wine stoppers, or wine glasses. Wine bags come in a variety of styles, colors, and designs, allowing individuals to choose options that suit their personal preferences or match the occasion. Some wine bags are insulated, providing temperature control to keep the wine at its desired temperature for a longer period.
Convenience and protection offered by wine bags drive the market growth
Wine bags provide a convenient way to transport wine bottles. They offer dedicated compartments or slots that securely hold the bottles, preventing them from clinking together and reducing the risk of breakage. The handles or shoulder straps make it easy to carry multiple bottles at once, allowing users to bring wine to parties, picnics, or other social gatherings without hassle. In addition to this, these bags are designed to protect wine bottles during transportation. The sturdy construction and padded compartments help prevent breakage or damage to the bottles, ensuring that they arrive at their destination in good condition. This is particularly important for valuable or delicate wines that need to be handled with care. Thus, the convenience and protection offered by the bags wine bags are expected to drive the global wine bag market growth over the forecast period.
The limited capacity of wine bags is a major restraint that hampers the market growth
Wine bags typically have a limited capacity and are designed to carry a specific number of wine bottles. While this is suitable for personal use or small gatherings, it may be insufficient for larger events or parties where multiple bottles are required. In such cases, individuals may need to carry multiple wine bags or opt for alternative methods of transportation. Therefore, the limited capacity of wine bags acts as a major restraint for the wine bag industry growth over the projected period.
Growing trends for gift-giving culture provide a lucrative opportunity
Wine bags are often used as a stylish way to present wine as a gift. They add an extra touch of elegance and can enhance the overall presentation. Wine bags come in a variety of designs, colors, and materials, allowing people to choose options that suit the recipient's taste or the occasion. They can also be personalized or customized, making them a popular choice for wine-related gifts. For instance, according to Drizly, around 750,000+ beverage alcohol gifts were sent to the North American region in 2021. Even though presents were sent in all 33 of the North American states where Drizly is active, several cities stood out as the top gift providers. Up to this point, New York City has received the most presents, followed by Chicago, San Francisco, and Los Angeles. New York once again led the list of the states that sent the most presents, followed by California, Massachusetts, Texas, and New Jersey. Thus, owing to gift-giving trends in various regions are expected to drive market growth over the forecast period.
The limited applicability of wine bags poses a major challenge to the market growth
Wine bags are primarily designed for wine bottle transportation and storage. While they serve their purpose well for wine enthusiasts and those who frequently handle wine bottles, they may not have broader applications beyond the wine industry. This limited applicability can be seen as a constraint for individuals who are seeking multi-purpose or more versatile bag options. Thus, the aforementioned reason is expected to hamper the growth of the wine bag market during the forecast period.
The global wine bag industry is segmented based on material, product type, capacity, and region.
Based on the material, the global market is bifurcated into paper bags, plastic bags, and fabric bags. The fabric bags segment is expected to hold the largest market share over the forecast period. The fabric wine bags industry is influenced by factors like the popularity of fabric materials, sustainability concerns, and others. Moreover, fabric wine bags come in a range of designs and styles to cater to different consumer preferences. Some bags may have plain, minimalist designs, while others feature decorative patterns, prints, or customized branding. Furthermore, the growing initiatives by the market players to promote sustainable packaging is one of the major factors that propel the segment growth during the projected period. For instance, in April 2021, Paptic developed a new 100 gsm recyclable and renewable packaging material grade with special touch and feel characteristics to assist brands and businesses in the transition to utilizing more sustainable packaging materials. It is a grade specifically designed for e-commerce mailers and carrying bags. Wood fibers sourced only from sustainably managed forests serve as the primary raw material. To increase brand exposure and reusability, the new grade provides great printability and durability. Thereby, driving the segment growth.
Based on the product type, the global wine bags industry is bifurcated into reusable wine bags and disposable wine bags. The reusable wine bags segment is expected to grow at the highest CAGR over the forecast period. Reusable wine bags are typically made from durable and environmentally friendly materials such as cotton, canvas, jute, or recycled fabrics. Each material offers different characteristics in terms of strength, aesthetics, and sustainability. Thus, these advantages offered by reusable wine bags propel the market growth.
Based on the capacity, the market is divided into single bottle wine bags and multi bottle wine bags.
Report Attributes | Report Details |
---|---|
Report Name | Wine Bags Market Report |
Market Size in 2022 | USD 125.2 Million |
Market Forecast in 2030 | USD 184.9 Million |
Growth Rate | CAGR of 5.0% |
Number of Pages | 224 |
Key Companies Covered | Wine Box Company Limited, BUILT NY, Factory Direct Promos, Acorn Paper Products, Initi Bag Manufacturer, Richie Bags, Nangfa Manufacturing, DM Pack, PaperPak, Green Packaging Industries Pvt. Ltd., Bombay Bags, RKumar, Pulltex and Factory Direct Promos among others. |
Segments Covered | By Material, By Product Type, By Capacity, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to dominate the market during the forecast period
North America is expected to dominate the global wine bag market during the forecast period. The growth in the region is attributable to various factors such as increased wine consumption, the popularity of wine as a gift, and the growing emphasis on sustainable and eco-friendly products. According to the most recent figures from the alcohol business, 60% of Americans consume alcoholic drinks. Additionally, more than a third of them favor wine. Also, wine is popular among those with higher incomes and recent college graduates. Furthermore, women are more likely than males to like wine, at 49% vs 15% respectively. Last but not least, wine is most popular (42%) among people aged 55 and over and least popular (22%) among people aged 18 to 34.
Moreover, the presence of several wineries in the region is one of the significant factors that propel the market growth over the forecast period. For instance, as per secondary analysis, around 11,000 wineries exist in the US, out of them, California houses 4,700. Nearly half of all US wineries are located in California, making it the undisputed wine capital of the world. Unsurprisingly, at 684.8 million gallons annually, the state also produces the most wine in the US. In addition, it is the world's fourth-largest wine producer after Spain, France, and Italy. Therefore, these statistics drive the market expansion over the forecast period.
The global wine bags market is dominated by players like:
By Material
By Product Type
By Capacity
FrequentlyAsked Questions
For carrying expensive wine bottles carefully, wine bags are manufactured. These wine bags are sturdy and light which helps the customer to carry the wine bottles safely. These wine bags are not only used to carry wine bottles safely but in the present scenario, they have also turned into a luxury item. They are used to present the wine more appealingly. As the demand for wine goes on increasing, the demand for wine bags also escalates simultaneously.
The wine bags market is a growing market as there has been a great improvement in the consumption of wine due to which sales have increased. This has positively influenced the wine bag market as well. Other complementing factors to the growth are the high disposable income of the population and the luxurious lifestyle of the people.
According to the report, the global wine bag market size was worth around USD 125.2 million in 2022 and is predicted to grow to around USD 184.9 million by 2030.
The global wine bag market is expected to grow at a CAGR of 5.0% during the forecast period.
The global wine bags market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the higher standard of living, an increase in disposable income, and luxurious lifestyles of people.
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, PaperPak, Green Packaging Industries Pvt. Ltd., Bombay Bags, RKumar, Pulltex and Factory Direct Promos among others.
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