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Bags Market Demand, Innovations & Forecast (2023–2030) | UnivDatos

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According to UnivDatos, The Bags Market was valued at around USD 49 BN in 2022 and grow at a strong CAGR of around 4 % during the forecast period 2023-2030. 

The global bags market is not just growing—it’s evolving in exciting ways. With a CAGR of 6.3% expected during 2021–2027, the market is seeing a seismic shift in how, where, and by whom bags are being purchased. From schoolchildren to luxury travelers, and from bustling store aisles to e-commerce apps, the market's future hinges on dynamic consumer behaviors and retail trends.

In this blog, we explore the distribution channels, regional trends, and end-user segments shaping the global bags market’s next growth trajectory.

Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/bags-market?popup=report-enquiry

The Modern Shopper: Store-Based vs. Non-Store-Based Channels

The bags market is primarily divided into two distribution categories:

Store-Based Retail

This includes:

· Supermarkets & Hypermarkets

· Convenience Stores

· Specialty Stores

Store-based retail dominates the market today, especially for mid-range and luxury bags. Here's why:

· Tactile Experience: Customers often prefer to touch, feel, and assess the quality of a bag before purchase, especially when investing in higher-priced items like leather handbags or branded backpacks.

· Instant Gratification: Store shopping provides immediate product availability.

· Brand Representation: Premium brands like Louis Vuitton and Samsonite rely heavily on well-designed stores to reflect their identity.

Despite the rise of online retail, brick-and-mortar remains king, particularly in developing nations where e-commerce penetration is still maturing.

Non-Store-Based (Online) Retail

The shift toward digital shopping has been accelerated by the COVID-19 pandemic, but its roots run deeper:

· Convenience: From browsing to buying, everything happens from home.

· Wide Selection: Online platforms offer access to global brands and niche products not found in local stores.

· Reviews and Recommendations: Peer reviews influence purchase decisions more than ever.

· Discounts and Delivery: Bundled offers, free shipping, and easy returns are enticing shoppers.

In 2023 and beyond, expect non-store-based sales to grow rapidly, particularly in urban centers where tech-savvy consumers prioritize convenience and variety.

Demographics That Matter: Who’s Driving Demand?

The global bags market segments consumers by age group:

· 5 to 12 Years

· 13 to 19 Years

· 20 Years & Above

5 to 12 Years

This segment mainly demands school bags—often featuring cartoon characters, vibrant colors, and ergonomic designs.

However, COVID-19 lockdowns and school closures heavily impacted this segment. With the reopening of schools and increased enrollment, especially in Asia and Africa, a strong recovery is expected.

13 to 19 Years

Teenagers and college students are major consumers of:

Backpacks

Laptop sleeves

Sports duffle bags

They’re influenced by fashion trends, social media, and brand recognition. They're also highly receptive to eco-friendly and tech-enabled products.

20 Years & Above

This segment accounts for the largest share of the bags market, driven by:

· Travel for business and leisure

· Rising disposable incomes

· Affinity for premium and functional products

Products like trolley bags, office backpacks, handbags, and luxury crossbody bags are in high demand among working professionals and frequent travelers.

With increasing tourism and hybrid work models, this age group will remain the backbone of the market.

Regional Insights: Who’s Leading the Pack?

The market is experiencing varied momentum across key geographies:

North America

2020 Market Leader, despite a 59.7% drop in U.S. retail bag sales due to the pandemic

 High brand loyalty and a preference for premium, lifestyle-oriented bags

 High income households show 34% greater likelihood of purchasing branded bags

The region is expected to recover strongly post-pandemic, with consumers resuming travel and office commutes.

Europe

·  A mature market with sophisticated consumer preferences

· Sustainability and craftsmanship are major drivers

· Countries like Germany, the UK, and France lead in luxury handbag consumption

Europe’s consumers lean towards leather, cotton, and eco-conscious options, often favoring local and artisanal brands.

Asia-Pacific

Fastest growing region driven by:

o   A rising middle class

o   Increasing international travel

o   Urban lifestyle adoption

Top consumers: China, India, Japan, Australia

A high birthrate and growing youth population drive sales in school bags and backpacks. Meanwhile, the growing tourism industry and business travel support demand for trolleys and premium bags.

Brands like Nike, Adidas, and Delsey are investing heavily to strengthen their retail and digital presence in APAC.

Rest of the World

Emerging opportunities in the Middle East, Latin America, and Africa

Infrastructure development, rising education access, and better e-commerce networks are unlocking demand

Polyester and nylon bags dominate due to cost-effectiveness

With increased smartphone penetration, online retail is gaining momentum in these regions.

The Post-COVID Recovery: A Second Wind for the Bags Market

The pandemic dealt a significant blow to the industry:

·        Travel halted

·        Retail stores closed

·        Consumer spending declined

In the U.S., managed corporate travel spending dropped by $94 billion in 2020, and bag retailers saw sales contract by up to 45%.

But post-2021, the tide began to turn:

Tourism restarted

Remote work led to multi-purpose work & lifestyle bags

Consumers resumed education, sports, and fitness routines

As these trends normalize, so will demand for everyday, travel, and luxury bags.

Market Outlook: What’s Next?

Here’s what’s on the horizon for the global bags market:

Smart Features: Expect backpacks with USB charging ports, RFID protection, and GPS tracking.

Sustainable Revolution: Brands will double down on recycled fabrics, vegan leather, and biodegradable materials.

Hyper-Personalization: Customizable bags tailored to function, design, and even ergonomics will gain traction.

Omnichannel Retail: Hybrid shopping experiences will rule—consumers may try in-store and purchase online (or vice versa).

With digital adoption and international travel rising in tandem, the bags market is poised for diversified, resilient growth.

Click here to view the Report Description & TOC: https://univdatos.com/reports/bags-market

Conclusion: A Market in Motion

The global bags market is being redefined by where people shop, who’s shopping, and what they value. Whether it’s a school-going child, a backpacking tourist, or a business executive—every buyer segment is contributing to the rapid evolution of this industry.

From store aisles to smartphone screens, and from polyester school bags to luxury Italian leather, the bags market reflects a perfect blend of tradition, innovation, and modern lifestyle needs.

Contact Us:

UnivDatos

Contact Number - +1 978 733 0253

Email - contact@univdatos.com 

Website - www.univdatos.com

Linkedin- https://www.linkedin.com/company/univ-datos-market-insight/mycompany/

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