The global laundry bag market size is expected to expand on account of the factor that it is majorly utilized to transfer and store the regularly used clothes in a single space, states Fortune Business Insights™, in its report, titled, “Laundry Bag Market, 2022-2029.” According to our researchers, the increasing consciousness concerning cleanliness & sanitation among individuals is predominantly fuelling the demand for such products. These days, customers are on a constant lookout to buy laundry bags of various forms and sizes according to their regular laundry requirements. For example, in February 2020, Target Corporation launched suitcase bags underneath their ‘Open Story’ marque which comprises of characteristics such as TSA lock and USB slots for charging power banks, as well as a laundry bag that aids tourists or commuters to retain numerous items in a structured manner.
COVID-19 Impact: Augmented Usage of Product in Clinics to Propel Market Growth
The indeterminate manifestation of the COVID-19 pandemic disease has led to a hike in the necessity for private laundry care goods among individuals for the determination of evading the contamination from the cross-infection of clothes. Moreover, escalating infrastructural amenities associated with clinics and hospitals are further powering the utilization rate of clothing bins by the hospital workforce as well as patients. As per the report issued by the Ministry of Health and Family Welfare, Government of India, titled, ‘Rural Health Statistics’, the amount of PHC fitness centres and HW/ANM sub-centres in India has augmented from 133,194, which was documented by the end of 2015 to 234,200 as of March 2019, reported an upsurge of 75.9%.
Fortune Business Insights™ lists out all the laundry bag market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- Inter IKEA Systems B.V.
- HOUZE STORAGE INSPIRATIONS
- NINGBO IMOTECH TECHNOLOGY CO. LTD.
- dbest products, inc.
- Best Choice Products
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The report offers an organized study of the laundry bag market fragments and systematic analysis of the global market. A considerate estimation of the existing market trends as well as the impending opportunities is presented in the report. Additionally, it presents an in-depth analysis of the regional dynamics and their role in shaping the global laundry bag market growth. Likewise, the COVID-19 influences have been conversed in the report to aid shareholders and corporation owners with an augmented understanding of the conceivable intimidations prevailing in the market. The report also reveals the prominent players and their chief tactics to remain in the leading position.
Drivers and Restraints
Surging Sanitation and Personal Hygiene Practices among People to Stimulate Growth
The aggregating consumption rate of apparel and accessory substances, combined with the everyday laundry requirements of the people, is fundamentally navigating the growth of the market. Additionally, the increasing dirt and air pollution stages across the world has also resulted in an upsurge in the requirement for the day-to-day usage of laundry care things such as laundry cleaners, bags, and brush among others. Furthermore, the increasing urbanization rate pooled with the disposable income expenditure on individual hygiene products is expected to bolster the laundry bag market growth during the forecast period.
Nevertheless, the aspect of rising costs of laundry care goods such as bags and detergent among others is projected to restrain the market growth. Moreover, the extensive obtainability of additional products such as pillow cover, washed clothes dryers and many more, which can be utilized to store clothes by individuals is anticipated to put a constraint on the consumption of fabric baskets.
North America held the maximum laundry bag market share and is anticipated to propel owing to a huge number of clinics and hospitals in the nations such as the United States and Canada, which leads to an amplified demand for the laundry maintenance associated products & facilities for the hospital patients. Moreover, increasing customer expenditure for the attire and clothing things is expected to fuel the demand for laundry care goods in this region.
Asia Pacific held the second-largest market shares and the growth of the region is accredited to the surging acceptance of laundry facilities by populace. This is probable to augment the usage of the laundry bags by service providers like these in leading nations such as India, China and Bangladesh. Furthermore, the rising number of travellers and tourists in these countries, consequences in the growing consumption rate of the travel washing bags by people.
Based on Product Type, the market is segregated into Laundry Baskets & Bins, Laundry Hampers, Backpack Laundry Bags, and Others.
On the basis of Material, the global market is further categorized into Nylon Fabric, Denim Fabric, Cotton, Others.
Based on Application, the market is again classified into Households, Hotels & Residencies, Hospitals, and Others.
In terms of Region, the market is bifurcated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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