Bags Market Research Report - Global Forecast till 2027

Bags Market Research Report: Information by Product Type (Backpacks [School Bags, Drawstring Bags, Others], Handbags, Wallets & Purses, Duffle & Gym Bags, Sling & Cross body Bags, Others), Material Type (Polyesters, Nylon, Leather, Cotton Canvas, Others),End User (5 to 12 Years, 13 to 19 Years, 20 Years & Above), Distribution Channel (Store-Based {Super markets & Hyper markets, Convenience Stores, Specialty Stores, Others} and Non-Store-Based), and Region (North America, Europe,Asia-Pacific, and Rest of the World)β€”Forecast till 2027

ID: MRFR/CR/9092-CR | May 2021 | Region: Global | 99 Pages         

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 15

1.1 MARKET ATTRACTIVENESS ANALYSIS 16

1.1.1 GLOBAL BAGS MARKET, BY PRODUCT TYPE 17

1.1.2 GLOBAL BAGS MARKET, BY MATERIAL TYPE 18

1.1.3 GLOBAL BAGS MARKET, BY END USER 19

1.1.4 GLOBAL BAGS MARKET, BY DISTRIBUTION CHANNEL 20

1.1.5 GLOBAL BAGS MARKET, BY REGION 21

2 MARKET INTRODUCTION 22

2.1 DEFINITION 22

2.2 SCOPE OF THE STUDY 22

2.3 RESEARCH OBJECTIVE 22

2.4 MARKET STRUCTURE 22

2.5 KEY BUYING CRITERIA 23

3 RESEARCH METHODOLOGY 24

3.1 RESEARCH PROCESS 24

3.2 PRIMARY RESEARCH 25

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 26

3.5 FORECAST MODEL 28

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29

4 MARKET DYNAMICS 30

4.1 INTRODUCTION 30

4.2 DRIVERS 31

4.2.1 GROWTH OF THE TOURISM INDUSTRY 31

4.2.2 GROWING NUMBER OF FITNESS CENTERS AND HEALTH CLUBS 31

4.2.3 INCREASING TREND OF OFFERING BAGS AS GIFT-EXCHANGE 31

4.2.4 DRIVERS IMPACT ANALYSIS 32

4.3 RESTRAINT 32

4.3.1 PREVALENCE OF UNORGANIZED SECTOR 32

4.3.2 RESTRAINTS IMPACT ANALYSIS 33

4.4 OPPORTUNITIES 33

4.4.1 INCREASING AWARENESS OF ECO-FRIENDLY BAGS 33

4.4.2 GROWING TREND OF CUSTOMIZED BAGS 33

4.4.3 GROWTH OF THE ORGANIZED RETAIL SECTOR IN ASIA-PACIFIC 33

5 MARKET FACTOR ANALYSIS 35

5.1 VALUE CHAIN ANALYSIS 35

5.1.1 RAW MATERIAL PROCUREMENT 36

5.1.2 PROCESSING 37

5.1.3 PACKAGING 37

5.2 SUPPLY CHAIN ANALYSIS 38

5.3 PORTER’S FIVE FORCES MODEL 39

5.3.1 THREAT OF NEW ENTRANTS 39

5.3.2 BARGAINING POWER OF SUPPLIERS 40

5.3.3 THREAT OF SUBSTITUTES 40

5.3.4 BARGAINING POWER OF BUYERS 40

5.3.5 INTENSITY OF RIVALRY 40

5.4 IMPACT OF COVID-19 PANDEMIC ON THE GLOBAL BAGS MARKET 41

5.4.1 IMPACT ON PRODUCTION 41

5.4.2 IMPACT ON SUPPLY-CHAIN 41

5.4.3 IMPACT ON PRICING 42

5.4.4 IMPACT ON CONSUMER BUYING BEHAVIOR 42

5.4.5 IMPACT ON ONLINE VS OFFLINE SALES 42

5.5 CONSUMER DEMOGRAPHICS 43

5.5.1 GENDER 43

5.5.2 AGE GROUP 43

5.5.3 OCCUPATION 44

5.5.4 INCOME LEVEL 45

5.5.5 OTHERS 45

5.6 CONSUMER PREFERENCES & CHOICES 46

5.6.1 BRAND LOYALTY 46

5.6.2 FACTORS AFFECTING PURCHASING DECISSION 46

5.6.3 ONLINE VS OFFLINE SHOPPING 47

5.6.4 OTHERS 48

6 GLOBAL BAGS MARKET, BY PRODUCT TYPE 49

6.1 OVERVIEW 49

6.1.1 GLOBAL BAGS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2018–2027 50

6.2 BACKPACKS 50

6.2.1 BACKPACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 50

6.3 HANDBAGS, WALLETS, & PURSES 51

6.3.1 HANDBAGS, WALLETS, & PURSES: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 51

6.4 DUFFLE & GYM BAGS 52

6.4.1 DUFFLE & GYM BAGS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 52

6.5 SLING & CROSSBODY BAGS 52

6.5.1 SLING & CROSSBODY BAGS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 52

6.6 OTHERS 53

6.6.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 53

7 GLOBAL BAGS MARKET, BY MATERIAL TYPE 54

7.1 OVERVIEW 54

7.1.1 GLOBAL BAGS MARKET ESTIMATES & FORECAST, BY MATERIAL TYPE, 2018–2027 55

7.2 POLYESTERS 55

7.2.1 POLYESTERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 55

7.3 NYLON 56

7.3.1 NYLON: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 56

7.4 LEATHER 56

7.4.1 LEATHER: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 56

7.5 COTTON CANVAS 57

7.5.1 COTTON CANVAS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 57

7.6 OTHERS 58

7.6.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 58

8 GLOBAL BAGS MARKET, BY END USER 59

8.1 OVERVIEW 59

8.1.1 GLOBAL BAGS MARKET ESTIMATES & FORECAST, BY END USER, 2018–2027 60

8.2 5 TO 12 YEARS 60

8.2.1 5 TO 12 YEARS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 60

8.3 13 TO 19 YEARS 61

8.3.1 13 TO 19 YEARS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 61

8.4 20 YEARS & ABOVE 62

8.4.1 20 YEARS & ABOVE: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 62

9 GLOBAL BAGS MARKET, BY DISTRIBUTION CHANNEL 63

9.1 OVERVIEW 63

9.1.1 GLOBAL BAGS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2018–2027 64

9.2 STORE-BASED 64

9.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 64

9.3 NON-STORE-BASED 65

9.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 65

10 GLOBAL BAGS MARKET, BY REGION 66

10.1 OVERVIEW 66

10.2 NORTH AMERICA 68

10.2.1 US 71

10.2.2 CANADA 73

10.2.3 MEXICO 75

10.3 EUROPE 77

10.3.1 UK 80

10.3.2 GERMANY 82

10.3.3 FRANCE 84

10.3.4 ITALY 86

10.3.5 SPAIN 88

10.3.6 REST OF EUROPE 90

10.4 ASIA-PACIFIC 92

10.4.1 CHINA 95

10.4.2 INDIA 97

10.4.3 JAPAN 99

10.4.4 AUSTRALIA & NEW ZEALAND 101

10.4.5 REST OF ASIA-PACIFIC 103

10.5 REST OF THE WORLD 105

10.5.1 SOUTH AMERICA 108

10.5.2 MIDDLE EAST 110

10.5.3 AFRICA 112

11 COMPETITIVE LANDSCAPE 114

11.1 INTRODUCTION 114

11.2 COMPETITIVE BENCHMARKING 115

12 COMPANY PROFILES 116

12.1 NIKE, INC. 116

12.1.1 COMPANY OVERVIEW 116

12.1.2 FINANCIAL OVERVIEW 117

12.1.3 PRODUCTS OFFERED 118

12.1.4 KEY DEVELOPMENTS 119

12.1.5 SWOT ANALYSIS 119

12.1.6 KEY STRATEGIES 119

12.2 ADIDAS AG. 120

12.2.1 COMPANY OVERVIEW 120

12.2.2 FINANCIAL OVERVIEW 120

12.2.3 PRODUCTS OFFERED 121

12.2.4 KEY DEVELOPMENTS 121

12.2.5 SWOT ANALYSIS 122

12.2.6 KEY STRATEGIES 122

12.3 SAMSONITE INTERNATIONAL SA. 123

12.3.1 COMPANY OVERVIEW 123

12.3.2 FINANCIAL OVERVIEW 123

12.3.3 PRODUCTS OFFERED 124

12.3.4 KEY DEVELOPMENTS 124

12.3.5 SWOT ANALYSIS 125

12.3.6 KEY STRATEGIES 125

12.4 VF CORPORATION 126

12.4.1 COMPANY OVERVIEW 126

12.4.2 FINANCIAL OVERVIEW 126

12.4.3 PRODUCTS OFFERED 127

12.4.4 KEY DEVELOPMENTS 127

12.4.5 SWOT ANALYSIS 128

12.4.6 KEY STRATEGIES 128

12.5 PUMA SE. 129

12.5.1 COMPANY OVERVIEW 129

12.5.2 FINANCIAL OVERVIEW 129

12.5.3 PRODUCTS OFFERED 130

12.5.4 KEY DEVELOPMENTS 130

12.5.5 SWOT ANALYSIS 131

12.5.6 KEY STRATEGIES 131

12.6 LOUIS VUITTON 132

12.6.1 COMPANY OVERVIEW 132

12.6.2 FINANCIAL OVERVIEW 132

12.6.3 PRODUCTS OFFERED 133

12.6.4 KEY DEVELOPMENTS 133

12.6.5 KEY STRATEGIES 133

12.7 DELSEY 134

12.7.1 COMPANY OVERVIEW 134

12.7.2 FINANCIAL OVERVIEW 134

12.7.3 PRODUCTS OFFERED 134

12.7.4 KEY DEVELOPMENTS 135

12.7.5 KEY STRATEGIES 135

12.8 HERSHEL SUPPLY COMPANY. 136

12.8.1 COMPANY OVERVIEW 136

12.8.2 FINANCIAL OVERVIEW 136

12.8.3 PRODUCTS OFFERED 136

12.8.4 KEY DEVELOPMENTS 137

12.8.5 KEY STRATEGIES 137

12.9 JENSENLEE 138

12.9.1 COMPANY OVERVIEW 138

12.9.2 FINANCIAL OVERVIEW 138

12.9.3 PRODUCTS OFFERED 138

12.9.4 KEY DEVELOPMENTS 138

12.9.5 KEY STRATEGIES 138

12.10 BELMIL 139

12.10.1 COMPANY OVERVIEW 139

12.10.2 FINANCIAL OVERVIEW 139

12.10.3 PRODUCTS OFFERED 139

12.10.4 KEY DEVELOPMENTS 139

12.10.5 KEY STRATEGIES 139

13 REFERENCES 140

 

LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 25

TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 29

TABLE 3 GLOBAL BAGS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 50

TABLE 4 BACKPACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 50

TABLE 5 HANDBAGS, WALLETS, & PURSES: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 51

TABLE 6 DUFFLE & GYM BAGS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 52

TABLE 7 SLING & CROSSBODY BAGS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 52

TABLE 8 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 53

TABLE 9 GLOBAL BAGS MARKET ESTIMATES & FORECAST, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 55

TABLE 10 POLYESTERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 55

TABLE 11 NYLON: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 56

TABLE 12 LEATHER: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 56

TABLE 13 COTTON CANVAS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 57

TABLE 14 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 58

TABLE 15 GLOBAL BAGS MARKET ESTIMATES & FORECAST, BY END USER, 2018–2027 (USD MILLION) 60

TABLE 16 5 TO 12 YEARS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 60

TABLE 17 13 TO 19 YEARS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 61

TABLE 18 20 YEARS & ABOVE: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 62

TABLE 19 GLOBAL BAGS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 64

TABLE 20 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 64

TABLE 21 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 65

TABLE 22 GLOBAL BAGS MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 67

TABLE 23 NORTH AMERICA: BAGS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2027 (USD MILLION) 68

TABLE 24 NORTH AMERICA: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 69

TABLE 25 NORTH AMERICA: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 69

TABLE 26 NORTH AMERICA: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 70

TABLE 27 NORTH AMERICA: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 70

TABLE 28 US: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 71

TABLE 29 US: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 71

TABLE 30 US: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 72

TABLE 31 US: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 72

TABLE 32 CANADA: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 73

TABLE 33 CANADA: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 73

TABLE 34 CANADA: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 74

TABLE 35 CANADA: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 74

TABLE 36 MEXICO: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 75

TABLE 37 MEXICO: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 75

TABLE 38 MEXICO: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 76

TABLE 39 MEXICO: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 76

TABLE 40 EUROPE: BAGS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2027 (USD MILLION) 77

TABLE 41 EUROPE: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 78

TABLE 42 EUROPE: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 78

TABLE 43 EUROPE: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 79

TABLE 44 EUROPE: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 79

TABLE 45 UK: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 80

TABLE 46 UK: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 80

TABLE 47 UK: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 81

TABLE 48 UK: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 81

TABLE 49 GERMANY: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 82

TABLE 50 GERMANY: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 82

TABLE 51 GERMANY: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 83

TABLE 52 GERMANY: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 83

TABLE 53 FRANCE: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 84

TABLE 54 FRANCE: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 84

TABLE 55 FRANCE: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 85

TABLE 56 FRANCE: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 85

TABLE 57 ITALY: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 86

TABLE 58 ITALY: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 86

TABLE 59 ITALY: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 87

TABLE 60 ITALY: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 87

TABLE 61 SPAIN: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 88

TABLE 62 SPAIN: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 88

TABLE 63 SPAIN: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 89

TABLE 64 SPAIN: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 89

TABLE 65 REST OF EUROPE: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 90

TABLE 66 REST OF EUROPE: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 90

TABLE 67 REST OF EUROPE: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 91

TABLE 68 REST OF EUROPE: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 91

TABLE 69 ASIA-PACIFIC: BAGS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2027 (USD MILLION) 92

TABLE 70 ASIA-PACIFIC: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 93

TABLE 71 ASIA-PACIFIC: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 93

TABLE 72 ASIA-PACIFIC: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 94

TABLE 73 ASIA-PACIFIC: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 94

TABLE 74 CHINA: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 95

TABLE 75 CHINA: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 95

TABLE 76 CHINA: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 96

TABLE 77 CHINA: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 96

TABLE 78 INDIA: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 97

TABLE 79 INDIA: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 97

TABLE 80 INDIA: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 98

TABLE 81 INDIA: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 98

TABLE 82 JAPAN: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 99

TABLE 83 JAPAN: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 99

TABLE 84 JAPAN: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 100

TABLE 85 JAPAN: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 100

TABLE 86 AUSTRALIA & NEW ZEALAND: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 101

TABLE 87 AUSTRALIA & NEW ZEALAND: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 101

TABLE 88 AUSTRALIA & NEW ZEALAND: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 102

TABLE 89 AUSTRALIA & NEW ZEALAND: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 102

TABLE 90 REST OF ASIA-PACIFIC: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 103

TABLE 91 REST OF ASIA-PACIFIC: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 103

TABLE 92 REST OF ASIA-PACIFIC: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 104

TABLE 93 REST OF ASIA-PACIFIC: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 104

TABLE 94 REST OF THE WORLD: BAGS MARKET ESTIMATES & FORECAST, BY REGION, 2018–2027 (USD MILLION) 105

TABLE 95 REST OF THE WORLD: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 106

TABLE 96 REST OF THE WORLD: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 106

TABLE 97 REST OF THE WORLD: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 107

TABLE 98 REST OF THE WORLD: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 107

TABLE 99 SOUTH AMERICA: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 108

TABLE 100 SOUTH AMERICA: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 108

TABLE 101 SOUTH AMERICA: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 109

TABLE 102 SOUTH AMERICA: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 109

TABLE 103 MIDDLE EAST: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 110

TABLE 104 MIDDLE EAST: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 110

TABLE 105 MIDDLE EAST: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 111

TABLE 106 MIDDLE EAST: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 111

TABLE 107 AFRICA: BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 112

TABLE 108 AFRICA: BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 112

TABLE 109 AFRICA: BAGS MARKET, BY END USER, 2018–2027 (USD MILLION) 113

TABLE 110 AFRICA: BAGS MARKET, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 113

TABLE 111 NIKE, INC.: PRODUCTS OFFERED 118

TABLE 112 ADIDAS AG.: PRODUCTS OFFERED 121

TABLE 113 SAMSONITE INTERNATIONAL SA.: PRODUCTS OFFERED 124

TABLE 114 VF CORPORATION: PRODUCTS OFFERED 127

TABLE 115 PUMA SE.: PRODUCTS OFFERED 130

TABLE 116 LOUIS VUITTON: PRODUCTS OFFERED 133

TABLE 117 DELSEY: PRODUCTS OFFERED 134

TABLE 118 HERSHEL SUPPLY COMPANY: PRODUCTS OFFERED 136

TABLE 119 JENSENLEE: PRODUCTS OFFERED 138

TABLE 120 BELMIL: PRODUCTS OFFERED 139

 

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 15

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL BAGS MARKET, 2019 16

FIGURE 3 GLOBAL BAGS MARKET ANALYSIS, BY PRODUCT TYPE, 2019 17

FIGURE 4 GLOBAL BAGS MARKET ANALYSIS, BY MATERIAL TYPE, 2019 18

FIGURE 5 GLOBAL BAGS MARKET ANALYSIS, BY END USER, 2019 19

FIGURE 6 GLOBAL BAGS MARKET ANALYSIS, BY DISTRIBUTION CHANNEL, 2019 20

FIGURE 7 GLOBAL BAGS MARKET ANALYSIS, BY REGION, 2019 21

FIGURE 8 GLOBAL BAGS MARKET: STRUCTURE 22

FIGURE 9 KEY BUYING CRITERIA FOR BAGS 23

FIGURE 10 RESEARCH PROCESS 24

FIGURE 11 TOP-DOWN AND BOTTOM-UP APPROACHES 27

FIGURE 12 MARKET DYNAMICS OVERVIEW 30

FIGURE 13 DRIVERS IMPACT ANALYSIS: GLOBAL BAGS MARKET 32

FIGURE 14 RESTRAINTS IMPACT ANALYSIS: GLOBAL BAGS MARKET 33

FIGURE 15 VALUE CHAIN: GLOBAL BAGS MARKET 36

FIGURE 16 GLOBAL BAGS MARKET: SUPPLY CHAIN ANALYSIS 38

FIGURE 18 BAG USAGE, BY GENDER, US, 2019 (%) 43

FIGURE 19 USAGE OF BAG TYPES BY DIFFERENT AGE GROUPS, 2019 (%) 44

FIGURE 20 BAG USAGE, BY OCCUPATION, EUROPE, 2019 (%) 44

FIGURE 21 ANNUAL SPENDING ON BAGS, BY INCOME LEVEL, NORTH AMERICA, 2019 (USD) 45

FIGURE 22 BRAND LOYALTY OF BAG USERS, 2019 46

FIGURE 23 FACTORS AFFECTING BUYING DECISSION OF BAGS, BY GENDER, 2019 (%) 47

FIGURE 24 ONLINE SALES VS STORE-BASED SALES, 2019 (%) 48

FIGURE 25 GLOBAL BAGS MARKET, BY PRODUCT TYPE, 2019 (% SHARE) 49

FIGURE 26 GLOBAL BAGS MARKET, BY PRODUCT TYPE, 2018–2027 (USD MILLION) 49

FIGURE 27 GLOBAL BAGS MARKET, BY MATERIAL TYPE, 2019 (% SHARE) 54

FIGURE 28 GLOBAL BAGS MARKET, BY MATERIAL TYPE, 2018–2027 (USD MILLION) 54

FIGURE 29 GLOBAL BAGS MARKET SHARE, BY END USER, 2019 (% SHARE) 59

FIGURE 30 GLOBAL BAGS MARKET SIZE, BY END USER, 2018–2027 (USD MILLION) 59

FIGURE 31 GLOBAL BAGS MARKET SHARE, BY DISTRIBUTION CHANNEL, 2019 (% SHARE) 63

FIGURE 32 GLOBAL BAGS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2027 (USD MILLION) 63

FIGURE 33 GLOBAL BAGS MARKET, BY REGION, 2018–2027 (USD MILLION) 66

FIGURE 34 GLOBAL BAGS MARKET, BY REGION, 2019 (% SHARE) 66

FIGURE 35 NORTH AMERICA: BAGS MARKET SHARE, BY COUNTRY, 2019 (% SHARE) 68

FIGURE 36 EUROPE: BAGS MARKET SHARE, BY COUNTRY, 2019 (% SHARE) 77

FIGURE 37 ASIA-PACIFIC: BAGS MARKET SHARE, BY COUNTRY, 2019 (% SHARE) 92

FIGURE 38 REST OF THE WORLD: BAGS MARKET SHARE, BY REGION, 2019 (% SHARE) 105

FIGURE 39 NIKE, INC.: FINANCIAL OVERVIEW SNAPSHOT 117

FIGURE 40 NIKE, INC: SWOT ANALYSIS 119

FIGURE 41 ADIDAS AG.: FINANCIAL OVERVIEW SNAPSHOT 120

FIGURE 42 ADIDAS AG: SWOT ANALYSIS 122

FIGURE 43 SAMSONITE INTERNATIONAL SA.: FINANCIAL OVERVIEW SNAPSHOT 123

FIGURE 44 SAMSONITE INTERNATIONAL SA: SWOT ANALYSIS 125

FIGURE 45 VF CORPORATION.: FINANCIAL OVERVIEW SNAPSHOT 126

FIGURE 46 VF CORPORATION: SWOT ANALYSIS 128

FIGURE 47 PUMA SE.: FINANCIAL OVERVIEW SNAPSHOT 129

FIGURE 48 PUMA SE: SWOT ANALYSIS 131

FIGURE 49 LOUIS VUITTON.: FINANCIAL OVERVIEW SNAPSHOT 132

Bags Market

Bags Market is projected to register a CAGR of 4.9% and reach USD 94.63 billion by 2027.

Segmentation

By Product Type Backpacks Handbags Wallets & Purses Duffle & Gym Bags Sling & Cross Body Bags Others
By Material Type Polyesters Nylon Leather Cotton Canvas Others
By End User 5 To 12 Years 13 To 19 Years 20 Years & Above
By Distribution Channel Store Based Non Store Based

Key Players

  • Nike Inc. (US)
  • Adidas AG (Germany)
  • Samsonite International SA (Hong Kong)
  • VF Corporation (US)
  • Puma SE (Germany)
  • Louis Vuitton (France)
  • Delsey (France)
  • Hershel Supply Company (Canada)
  • Jensen Lee (US)
  • Belmil (Serbia)

Drivers

  • Rising popularity of customized bags
  • Increasing demand in fashion industry
  • Growing Demand in Tourism industry
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Global  Bags Market
Bags market is projectedto register a CAGR of 4.9
% and reach USD 94.63 billion by 2027. Bags come in various types like backpacks, gym bags, duffle bags, drawstring bags, and crossbody bags. They are made of nylon strips, and the materials used for a backpack are polyester, nylon, and leather.The growth of the tourism sector and the rising number of health and fitness centers are driving the market growth. The increasing trend of offering bags as a gift exchange is also boosting the market growth. Moreover, the rising popularity of customized bags and the growth of the organized retail sector in Asia-Pacific are projected to propel market growth in the coming years. However, the prevalence of the unorganized market for bags hampers the market growth of the organized sector.

Covid-19 Analysis


The outbreak of COVID-19 has resulted in lockdown across regions, border restrictions, and breakdown of transportation networks. Due to the COVID-19 outbreak, the economic uncertainty is much higher than past outbreaks such as the severe acute respiratory syndrome (SARS), avian flu, swine flu, bird flu, and Ebola, owing to the escalating number of infected people and the uncertainty about the end of the crisis.


With the outbreak, there was a spike in essential goods such as sanitizers and masks, and household essentials like toilet paper and bread were stocked up by customers. Most of the customer's budget was shifted to essential goods, and a major downfall in non-essential businesses was observed. As more cities went into lockdown, non-essential businesses were ordered to remain closed during the first half of the pandemic. Since bags fall under the non-essential product category, the demand for the same was affected noticeably. The COVID-19 pandemic has severely impacted the tourism industry with border restrictions and government orders for lockdown, forcing people to stay home. Schools, colleges, and institutions were shut, and corporates across the globe observed work from home. These factors negatively impacted the sales of bags during the pandemic. However, with the situation getting back to normal, the demand for bags is expected to increase gradually.


The impact of the COVID-19 pandemic on the pricing of bags was likely to be minimal. However, issues such as supply chain disruptions, logistics, and limited availability of raw materials and labor are expected to cripple the growth of the global bags market up to some extent. With barriers to cross-border transportation of the commodities in the pandemic situation, the manufacturers are highly dependent on the local raw material suppliers, which increases the bargaining power of suppliers. To gain dominance in the market, it was witnessed that various producers were keeping their profit margins low. Manufacturers and producers on third-party e-commerce channels have reduced their prices on online websites.


Synopsis/Market Dynamics


Tourism is one of the fastest-growing industries in the world. All regions saw a rise in arrivals of international tourists in 2019. An increase in per capita disposable income has increased their spending on tours and travels. Several other factors boosting the tourism industry include growing corporate travel, ease in transportation, and assistance through the Internet for easy plan and booking of holidays. Moreover, people are becoming more aware of the places to travel through social media, travel shows, and advertising. Thus, the rise in travel and tourism has strengthened the demand for travel or luggage bags, driving the growth of the global bags market. Owing to hectic lifestyle, people plan some short holidays as well along with long holidays every year. Thus, they experiment on the types and sizes of bags according to their places to visit and the duration. The outbreak of coronavirus in 2020 had a negative impact on the tourism sector, which impacted the sales of bags. However, with situations going back to normal, the tourism industry is expected to boom again, boosting the sales of bags as well.


The bags market is highly fragmented owing to the presence of several local & regional players. The sales of local & regional players are increasing, which is anticipated to hamper the sales of key players.


People across the globe are gradually becoming aware of theenvironment andthe importance of eco-friendly products. The environmental concerns have increased to a greater extent, and with that, the concept of eco-friendly or going eco-friendly has progressed. There is a high demand for sustainable and eco-friendly products among consumers. However, the market for eco-friendly bags is still grabbing consumer attention due to the limited availability of eco-friendly bags in the market. With the increasing awareness of eco-friendly products, many small-scale manufacturers have entered the market with eco-friendly products such as jute bags, cotton bags, canvas bags, and juco bags. Thus, eco-friendly bags offer an opportunistic market to the existing players.


Global Bags Market Revenue, by Product Type, 2027 (USD Million)
Bags Market Revenue, by Product Type, 2027


Sources: MRFR Analysis


Segment Overview


By Product Type


By product type, the backpacks segment accounted for the major market share in the global bags market and is estimated to retain its dominance throughout the forecast period. The backpacks segment is further bifurcated into school bags, drawstring bags, and others. Among that, the drawstring bags segment is projected to record the highest CAGR during the forecast period. However, the handbags, wallets, & purses segment is projected to exhibit the highest CAGR during the forecast period.


By Material Type


By material type, the polyesters segment has accounted for the major market share in the global bags market and is estimated to retain its dominance throughout the forecast period. The leather segment is projected to exhibit the highest CAGR during the forecast period. Increasing demand for luxury handbags is anticipated to act as one of the significant factors for the rising growth of the leather segment.


By End User


By end user, the 20 years & abovesegment has accounted for the major market share in the global bags market and projected to observe a below-average growth rate during the forecast period. Most of the population falls under the 20 years & above segment, which accelerates the demand for this segment. The 13 to 19 years segment is projected to expand at the highest CAGR during the forecast period.


By Distribution Channel


The store-based distribution channel segmentaccounted for a significant market share in 2019 and is projected to a moderate growth rate during the forecast period. The store-based distribution channel is further bifurcated into supermarkets & hypermarkets, convenience stores, specialty stores, and others. Among the store-based distribution channel, the supermarkets & hypermarkets segment held the maximum market share in 2019, and the trend is expected to continue during the review period.


Regional Analysis


Global bags market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.


North America has accounted for approximately one-fourth of the total market share in the global bags market in 2019. Itis expected to witness a moderate CAGR during the forecast period. The US has accounted for the majority market proportion in the North American bags market. However, the market in Canada is projected to witness the highest CAGR during the forecast period.


Asia-Pacific has accounted for the major market share in the global bags market and is also projected to witness the highest CAGR during the review period. The growth of the bags market in Asia-Pacific is attributed to several factors. One of the significant factors for the rising growth of bags is the increasing middle-income population in the emerging economies of Asia-Pacific. China has accounted for the maximum market share in the Asia-Pacific bags market. The market in India is projected to register the highest CAGR during the forecast period.


Europe was the second-largest market in the global bags market in 2019 and is projected to witness a moderate growth rate during the forecast period. Premiumization is one of the major trends gaining massive acceptance among European consumers, especially in Western Europe. The demand for leather bags is surging among the corporate professionals in the developed economies of Europe. Germany has accounted for the highest market share in 2019 and is estimated to be dominant throughout the forecast period.


The market in the rest of the world is projected to witness a CAGR of 4.68% during the forecast period. The market in the rest of the world includes South America, the Middle East, and Africa. Among that, South America has accounted for the maximum market share in 2019, with Brazil & Argentina holding significant market shares. The market in the Middle East is projected to witness the highest CAGR during the forecast period. The market in Africa is expected to be sluggish during the review period. The market in several countries of Africa is highly fragmented owing to the presence of several local & unorganized players.


Global Bags Market Share, by Region, 2019 (%)
Bags Market Share, by Region, 2019


Sources: MRFR Analysis


Competitive Landscape


The global bags market is highly competitive, with key industry players adopting strategies such as product launches, partnerships, and expansions to strengthen their market positions. Most companies in the market focus on expanding operations worldwide, augmenting their capabilities, and building strong partner relationships.


The growth of market players is dependent on market conditions, government support, and industry development. Thus, vendors should focus on expanding geographically and improving product quality. Nike, Inc. (US), Adidas AG (Germany), Samsonite International SA (Hong Kong), VF Corporation (US), Puma SE (Germany), Louis Vuitton (France), Delsey (France), Hershel Supply Company (Canada), Jensen Lee (US), and Belmil (Serbia) are the leading companies in this market, who compete based on market presence, quality, and price.


Key players are taking steps toward business expansions and entering untapped markets, thereby increasing their customer base. The regional and global players may strengthen their presence through acquisitions during the review period. It has also been forecasted that improvements in the global economic scenario and the growing bags industry in emerging nations would fuel market growth, making it ideal for players to launch new products and increase their global market shares.


Market Segmentation


Global BagsMarket, by Product Type



  • Backpacks

  • School Bags

  • Drawstring Bags

  • Others

  • Handbags, Wallets & Purses

  • Duffle & Gym Bags

  • Sling & Crossbody Bags

  • Others


Global BagsMarket, by Material Type



  • Polyesters

  • Nylon

  • Leather

  • Cotton Canvas

  • Others


Global Bags Market, by End User



  • 5 to 12 Years

  • 13 to 19 Years

  • 20 Years & Above


Global BagsMarket, by Distribution Channel



  • Store-Based

  • Supermarkets & Hypermarkets

  • Convenience Stores

  • Specialty Stores

  • Others

  • Non-Store-Based


Global BagsMarket, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia &New Zealand

    • Rest of Asia-Pacific



  • Rest of the World (RoW)

    • Middle East

    • South America

    • Africa





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