Why is the business of woven bags bad this year

Woven bag business is not good for the following reasons:

1, changes in market demand: over time, people's demand for shopping bags will change. Is due to the improvement of environmental awareness, many consumers prefer to use reusable environmental bags, rather than disposable woven bags.

2. Increase in competitors: the increase of other competitors in the market also leads to a bad business of woven bags. If more companies come into the market and offer similar products, the market share will be fragmented, resulting in a decline in sales.

3. Price competition: due to fierce competition, in order to attract customers, it is possible that different manufacturers will lower their prices. This leads to a decrease in profits and makes it difficult to maintain good sales performance.

4, rising material costs: the production of woven bags involves the cost of raw materials, such as plastic or fiber. If the price of these materials increases, leading to an increase in the cost of woven bag manufacturers, it is difficult to remain competitive in the market.

5, new alternative products: new alternative products may appear and be favored by consumers. For example, with the popularity of collapsible shopping bags and eco-friendly bags, consumers are more inclined to buy these alternative products rather than traditional woven bags.