What is Wine Bags Market Scope?
Wine bags are packaging items utilized for safe covering and carrying expensive wines and relevant liquors. These bags have become more of a luxury item than a protective casing for carrying wines. Wine bags are usually sold in the market along with the wine bottle or it can be bought as a stand-alone product for a more personalized usage by the customers. Customization of Wine Bags and people owing to high disposable income and luxurious lifestyle is prompting an increase in sales of wine bags in the forecast period.
The Wine Bags market study is being classified by Type (Single Bottle Wine Bags Wine Bags and Multi Bottle Wine Bags Wine Bags), by Application (Commercial Use and Personal Use) and major geographies with country level break-up. According to AMA, the Global Wine Bags market is expected to see growth rate of 2.5%
The Global Wine Bags market is fragmented with several players who are involved in various product launch and there is a steady growth. There is a rising trend of direct to consumer sale where there are small wineries involved in propelling the exponential growth of wine bags market.
Yiwu Youbai Packing Co., Ltd (China), Wine Box Company Ltd. (United Kingdom), Factory Direct Promos (United States), Lifetime Brands, Inc. (United States), Ampac Holdings, LLC (United States), Acorn Paper Products Company (United States), Richie Bags (India) and NANGFA Manufacturing Co., Ltd. (Thailand) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Initi Bag Manufacturer Co., Ltd (China) and DM Packaging Company (United States).
Analyst at AMA have segmented the market study of Global Wine Bags market by Type, Application and Region.
On the basis of geography, the market of Wine Bags has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
September 2018, Winerist introduced BIB (Bag-in-Box) not only looks super smart, holds 2.25 liters (about 3 traditional bottles), thus saving the consumer money in extra packaging. The BIB boxes easily keep wine fresh for over a month and block out any damaging light. The cheaper processing fees and 100% recyclable materials and less of a carbon footprint.
Influencing Market Trend
- Growing Government Initiatives and Environmental Policies on Minimizing Waste Leading to Sale of Reusable Wine Bags
- Increased Consumption of Wine Leading to Rising Sale of Wine Bags
- Production of Eco-Friendly Reusable Bags
- High Disposable Income and Changing Lifestyle of Consumers
- Increased Consumption of Wine based Beverages among Youth Population
- Growing Need to Increase the Packaging for Safety Concerns
- Propagation of Negative Health Benefits of Alcohol-Based Beverages
- Presence of Alternatives Such As Plastic Bottles, Plastic Cups and Goblets, Aseptic Cartons, Pouches, and Cans
- Reduction in Availability of Glass Based Wine Bottles, as these Bags are mainly dependent on Wine Bottles
Key Target AudienceWine Bags Manufacturers, Potential Manufacturers, Beverage Industry, Industry Association, Marketing Firms, Distributors, Suppliers, and Wholesalers and Government & Regulatory Bodies
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.