This is where perl really shines for me. Regular expressions are front and center, making it so frictionless to slice and dice text. My bash knowledge is so stunted because I bail to perl as soon as the going gets tough. :)
Mine remains: that shell affords capabilities via utilities. Awk (again, with numerous implementations) also offers regex capabilities, some not offerred by sed, and missing a few.
When writing cross-platform scripting, adhering to common standards rises in importance. This is possible, if occasionally limiting.
I like objects and performance and abstraction and other things about other languages but bash has a _lot_ of parsing tools.