According to the new market research report “Flood Bag – Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Flood Bag market size is projected to reach USD 0.07 billion by 2029, at a CAGR of 4.0% during the forecast period.
- Global Flood Bag MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Flood Bag – Global Market Insights and Sales Trends 2024”
- Global Flood Bag TopPlayers Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Flood Bag – Global Market Insights and Sales Trends 2024”
According to QYResearch Top Players Research Center, the global key manufacturers of Flood Bag include Jiangnan Suye, Halsted, Shandong Luming, Garrison Flood Control, FloodSax, TrapBag, Kanpur Plastipack, Maynard Technologies, AquaSafe, Quick Dams, etc. In 2022, the global top five players had a share approximately 9.0% in terms of revenue.
In terms of product application, currently Public is the largest segment, hold a share of 80.9%.
Market Drivers:
Increasing Frequency of Flooding Events: The rise in frequency and severity of flooding events due to climate change and urbanization is a significant driver for the flood bag market. Flood bags provide a convenient and effective solution for flood prevention and protection of properties, infrastructure, and communities against water damage.
Restraint:
Limited Adoption in Certain Regions: Despite the growing awareness of flood risk, the adoption of flood bags may be limited in some regions due to factors such as cost constraints, lack of regulatory incentives, or cultural barriers. In areas where flooding is perceived as less frequent or severe, there may be lower demand for flood protection products like flood bags, which can restrain market growth in those regions.
Opportunity:
Expansion into New Market Segments: Flood bag manufacturers can explore new market segments beyond residential and commercial applications, such as infrastructure projects, industrial facilities, and emergency response organizations. By targeting these sectors and offering specialized flood protection solutions tailored to their unique requirements, manufacturers can expand their customer base and capture additional market opportunities.
About The Authors
Kang Qi – Lead Author
Email: kangqi@qyresearch.com
Kang Qi is a technology & market senior analyst specializing in industrial equipment. He is engaged in the development of technology and market reports and is also involved in custom projects.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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