Counter Bags Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0209799
  • Format: Electronic (PDF)
  • Number of Pages: 181
  • Author(s): Joshi, Madhavi

Report Overview

The Counter Bags Market size was estimated at USD 650 million in 2023 and is projected to reach USD 1.15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.60% during the forecast period (2024-2030).

Counter Bags Market

(Market Size)
$650 million
$1.15 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.60%
2023 Market Size USD 650 million
2030 Market Size USD 1.15 billion
Key Players Mondi Group, Berry Global, LC Packaging, Conitex Sonoco, Greif

Market Summary

The counter bags market represents a specialized segment within the broader packaging industry, focusing on small, often impulse-buy items available at retail checkouts. These bags are designed for convenience, portability, and last-minute purchases, catering to a wide array of consumer goods from confectionery and small electronics to travel-sized personal care items. The market is intrinsically linked to retail dynamics, consumer spending patterns, and the overarching trend towards on-the-go consumption. Manufacturers and retailers utilize these packaging solutions not only for product containment and protection but also as a powerful tool for brand visibility and promotional activities at the crucial point of sale. The evolution of this market is heavily influenced by material innovations, with a growing emphasis on sustainable and recyclable options to meet increasing environmental regulations and consumer demand for eco-friendly packaging. The competitive landscape is characterized by the presence of both global packaging giants and specialized regional players, all vying for contracts with major retail chains and consumer goods companies. The strategic placement of these products at checkout counters ensures high visibility, making the design, functionality, and sustainability of the bags critical factors for success.

Key Highlights

The counter bags market is distinguished by several pivotal characteristics that define its operational and strategic framework. A primary highlight is the critical role of point-of-sale marketing, where packaging design directly influences impulse purchase decisions, making aesthetic appeal and brand alignment paramount. The market is witnessing a significant material transition, with industry leaders increasingly adopting paper, bioplastics, and other compostable materials to replace conventional plastics, driven by stringent global regulations and a shift in consumer preferences towards environmentally responsible products. Innovation in functionality is another key area, with features like resealable zippers, tear-notches, and enhanced durability being integrated to improve user convenience and product protection. The market is also highly responsive to retail trends, including the growth of small-format convenience stores and the integration of digital elements like QR codes on packaging for enhanced customer engagement. Furthermore, the supply chain for counter bags is optimized for high-volume, cost-effective production to meet the demands of large retail networks, requiring manufacturers to maintain robust logistics and flexible production capabilities to serve a diverse and widespread client base effectively.

Drivers, Opportunities & Restraints

The growth trajectory of the counter bags market is propelled by a confluence of drivers, primarily the expansion of the organized retail sector globally and the consistent consumer propensity for impulse purchases, which ensures steady demand for point-of-sale packaging solutions. The increasing number of convenience stores, supermarkets, and specialty retail outlets directly correlates with higher consumption of these bags. A significant driver is the rising consumer awareness and regulatory push for sustainable packaging, compelling brands to invest in and innovate with eco-friendly materials, thus opening new avenues for market differentiation. Opportunities abound in the development of advanced sustainable materials that do not compromise on cost or performance, allowing companies to capture a growing segment of environmentally conscious retailers and consumers. The integration of smart packaging technologies, such as NFC tags, presents a futuristic opportunity for brand interaction and anti-counterfeiting measures. However, the market faces restraints including volatile raw material prices, particularly for specialized polymers and recycled paper pulp, which can squeeze profit margins. Furthermore, the intense competition on price points and the high cost associated with transitioning manufacturing lines to handle new, sustainable materials can act as significant barriers to entry and expansion for many players in this space.

Concentration Insights

The competitive concentration within the counter bags market reveals a landscape with a mix of large multinational corporations and numerous smaller, niche players. Leading companies such as Amcor plc, Berry Global Inc., and Sonoco Products Company command significant market share due to their extensive global production facilities, diversified product portfolios, and long-standing relationships with major fast-moving consumer goods (FMCG) brands and retail chains. These industry titans leverage economies of scale, advanced R&D capabilities, and extensive distribution networks to maintain their dominance. Concurrently, the market supports a vibrant ecosystem of regional and specialized manufacturers who compete by offering customized solutions, agility in meeting specific client demands, and expertise in local regulatory environments. This concentration dynamic creates a market that is somewhat consolidated at the top but fragmented overall, fostering a competitive environment where innovation, cost-effectiveness, and sustainability credentials are key differentiators. The strategic focus for larger entities often involves acquisitions of smaller innovators to gain access to new technologies and markets, while smaller firms concentrate on forging strong relationships with local retailers and specializing in particular bag types or materials to secure their market position.

Type Insights

The counter bags market is segmented by type, primarily distinguished by the materials used in their construction, each offering distinct advantages and applications. Plastic bags, traditionally made from polyethylene, have been a mainstay due to their low cost, durability, and versatility; however, their usage is facing increasing scrutiny and regulation, pushing innovation towards recycled content and biodegradable polymers. Paper bags represent a growing and highly popular segment, perceived as a more sustainable and premium option; they are often made from kraft paper and can be easily customized with printing for high-quality branding. Furthermore, there is a emerging segment dedicated to bags made from non-woven fabrics and other innovative materials like jute or canvas, which are typically reused by consumers, adding value beyond the initial purchase. The choice of bag type is influenced by factors such as the product being packaged, brand image, cost constraints, and increasingly, legislative mandates regarding single-use plastics. This diversity in material types ensures that manufacturers can offer tailored solutions to meet the specific functional, aesthetic, and sustainability requirements of various retail clients and their end consumers.

Application Insights

Counter bags serve a multitude of applications across the retail spectrum, each with unique packaging requirements. The confectionery and snack food industry is a dominant application segment, utilizing these bags for small portions of candies, nuts, chips, and cookies, where product freshness and visibility are critical. The health and beauty sector employs counter bags for travel-sized toiletries, cosmetics, and pharmaceuticals, often requiring more robust barriers to protect product integrity. Another significant application is in the electronics and accessories domain, where small bags are used for items like headphones, phone chargers, and memory cards, necessitating packaging that provides physical protection and often includes anti-static properties. Furthermore, promotional and novelty items, such as toys, collectibles, and seasonal goods, are frequently packaged in counter bags to capitalize on impulse buys. The application dictates key design parameters, including material strength, clarity, print quality, and sealing properties, driving continuous innovation in bag construction to enhance the unboxing experience and ensure product safety from the shelf to the consumer's home.

Regional Insights

The demand and regulatory landscape for counter bags varies significantly across different global regions, shaping market dynamics. North America and Europe represent mature markets characterized by high consumer awareness, strong retail infrastructure, and stringent environmental regulations, particularly concerning single-use plastics. This has accelerated the shift towards paper and reusable alternatives, with Europe often leading in regulatory strictness. The Asia-Pacific region is identified as a high-growth market, fueled by the rapid expansion of organized retail, growing disposable incomes, and the proliferation of convenience stores in countries like China, India, and Japan. However, this region also presents a diverse set of challenges, including varying levels of environmental legislation and infrastructure for recycling. Latin America and the Middle East & Africa are emerging markets where growth is tied to economic development and the gradual formalization of the retail sector. In all regions, local manufacturers play a crucial role in adapting global trends to meet specific regional preferences, cost expectations, and regulatory frameworks, making geographical strategy a key component of success for companies in this market.

Company Insights

The counter bags market features a competitive array of companies ranging from global packaging conglomerates to specialized regional manufacturers. Industry leaders such as Amcor plc, Berry Global Inc., and Mondi plc bring extensive expertise in polymer science and packaging innovation, offering a wide range of solutions from conventional plastic to advanced sustainable materials. Sonoco Products Company and Huhtamaki Oyj are also significant players, with strong capabilities in paper-based packaging and a focus on circular economy principles. These large entities compete on the basis of global supply chain efficiency, extensive R&D investments, and the ability to provide integrated packaging solutions to multinational clients. Alongside these giants, numerous smaller and privately-held companies like ProAmpac and Glenroy Inc. compete effectively by focusing on customization, rapid prototyping, and superior customer service for niche applications or regional markets. The strategic focus for all companies is increasingly centered on developing and commercializing sustainable packaging options, enhancing production efficiencies, and forming strategic partnerships with material scientists and recycling facilities to future-proof their product offerings against evolving environmental standards.

Recent Developments

The counter bags market is currently undergoing a period of rapid transformation, marked by several key recent developments. A predominant trend is the accelerated investment in and launch of new product lines featuring post-consumer recycled (PCR) content, compostable polymers, and mono-material structures designed for enhanced recyclability. Major players have announced significant capital expenditures to retrofit existing production lines and build new facilities dedicated to sustainable packaging manufacturing. There has been a notable surge in collaborations between packaging manufacturers, chemical companies, and waste management firms to create closed-loop systems for materials like polyethylene and polypropylene. Furthermore, technological advancements in digital printing are enabling more cost-effective short runs and hyper-customized designs, allowing brands to launch targeted, limited-edition promotions directly at the checkout counter. The regulatory environment continues to be a powerful catalyst for change, with new extended producer responsibility (EPR) laws and bans on certain single-use plastics coming into effect in various jurisdictions, forcing the entire industry to adapt quickly. These developments collectively indicate a market that is proactively evolving to meet the dual challenges of environmental responsibility and commercial viability.

Report Segmentation

This comprehensive market research report on the counter bags industry provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the market landscape. The segmentation is structured to analyze the market by type, categorizing products based on the primary material used such as plastic, paper, and other innovative materials, providing insights into adoption trends, material properties, and cost structures for each category. The report further segments the market by application, examining key end-use sectors including food and beverage, health and beauty, electronics and accessories, and other retail goods, highlighting the specific packaging requirements and growth drivers unique to each vertical. A crucial geographical segmentation breaks down the market into key regions and major countries within those regions, assessing regional production capacities, consumption patterns, regulatory frameworks, and competitive dynamics. This multi-faceted segmentation allows stakeholders to identify high-growth segments, understand material shifts, evaluate regional opportunities, and benchmark their strategies against the prevailing market currents, providing a strategic tool for informed decision-making.

FAQs

What materials are most commonly used for counter bags?

Counter bags are traditionally manufactured from plastics like polyethylene due to their cost-effectiveness and durability. However, there is a strong and growing shift towards paper, particularly kraft paper, and other sustainable materials including bioplastics and non-woven fabrics in response to environmental concerns and regulatory pressures.

What are the key drivers for the counter bags market?

The market is primarily driven by the global expansion of the organized retail and convenience store sectors, which increases the number of point-of-sale locations. The enduring consumer behavior of making impulse purchases and the increasing demand for sustainable and eco-friendly packaging solutions are also significant drivers influencing market growth.

Which regions show the highest growth potential for counter bags?

The Asia-Pacific region is widely regarded as having the highest growth potential, fueled by rapid urbanization, a growing middle class with increasing disposable income, and the swift expansion of supermarket and convenience store chains, particularly in densely populated countries like China and India.

How are regulations impacting the counter bags market?

Government regulations, especially bans and taxes on single-use plastics, are profoundly impacting the market. These policies are compelling manufacturers and brands to innovate and invest heavily in alternative materials such as recycled content, compostable polymers, and paper to comply with new environmental standards.

Who are the leading players in the counter bags market?

The market landscape includes leading global packaging companies such as Amcor plc, Berry Global Inc., Sonoco Products Company, and Mondi plc. These players compete with a multitude of regional specialists who often focus on customized solutions and agility in meeting specific local market demands.

What are the latest trends in counter bag design?

Current design trends emphasize sustainability, leading to minimalist designs that use less material. There is also a focus on functionality with features like resealability. Furthermore, the integration of smart elements such as QR codes for consumer engagement and the use of high-quality, vibrant printing for superior brand impact are gaining significant traction.

Citius Research has developed a research report titled “Counter Bags Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Counter Bags Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Counter Bags Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Counter Bags Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Counter Bags Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Counter Bags Market
• Research Methodology
• Executive Summary
• Market Dynamics of Counter Bags Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Counter Bags Market
• Cost and Gross Margin Analysis of Counter Bags Market
• Counter Bags Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Counter Bags Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Counter Bags Market Key Stakeholders

Below are the key stakeholders for the Counter Bags Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Counter Bags Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Counter Bags Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Counter Bags Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Counter Bags Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Counter Bags Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Counter Bags Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Counter Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Counter Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Counter Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Counter Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Counter Bags Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Counter Bags Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Counter Bags Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Counter Bags Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Counter Bags Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Counter Bags Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Counter Bags Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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