Global Bags Market Research Report —Forecast till 2027

Global Bags Market Research Report Forecast till 2027

Market Overview
The global bags market is anticipated to record a CAGR of 4.9% to surpass USD 94.63billion by 2027. Bags are used by all the communities from rural and urban areas. It is an essential good and is commonly used globally. The bags are designed as per the applications and usage; they are available in various sizes and shapes. The global bags market is highly competitive and adopting various strategies such as product launches, partnerships, and expansions to strengthen their market positions.
The global Bags market is expected to register significant market growth during the forecast period owing to the increasing popularity of customized bags and advancements of the organized retail sector. The worldwide bags market is highly competitive owing to the presence of several local & regional players. Individuals across the globe are slowly becoming mindful of the climate and the significance of eco-friendly items. The ecological concerns have expanded indeed, and with that, the idea of being eco-friendly or going eco-friendly has advanced. There is a popularity for economical and eco-friendly items among shoppers. Subsequently, eco-friendly bags offer a crafty market to the current players. However, the rising prevalence of the unorganized market for bags restrains the market growth of the organized sector.
Segment Overview
The Global Bags Market has been classified into Product Type, Material Type, End-user, and Distribution Channel.
Based on product type, the global bags market has been segmented into Backpacks, School Bags, Drawstring Bags, Others, Handbags, Wallets & Purses, Duffle & Gym Bags, Sling & Crossbody Bags, and Others.
The Global Bags Market by Material Type has been classified into Polyesters, Nylon, Leather, Cotton Canvas, and Others. Based on End Users the global market has been divided into 5 to 12 Years, 13 to 19 Years, and 20 Years & Above. The Distribution Channel segment categorizes the global bags market into Store-Based and non-store-based segments. The store-based segment is further divided into Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, and others.

Regional Analysis
The global bags market has been studied across North America, Europe, Asia-Pacific, and the rest of the world.
North America is likely to drive the global bags market as it exhibits one-fourth of the global market. The regional market is driven by the leading markets in Canada and the US. Asia-Pacific contributed the largest market share of the global bags market owing to the increasing per capita expenditure in emerging countries such as China, India, and Japan.
Europe is anticipated to contribute the second-largest market in the global bags market due to a moderate growth rate during the review period. The regional market growth is driven by the premiumization and rising demand for leather bags in recent years. The market in the rest of the world is expected to register a healthy CAGR of 4.68% during the review period. The region covers South America, the Middle East, and Africa.
Major 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), and Belmil (Serbia).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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