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Global Tote Bags Market – Industry Trends and Forecast to 2029

  • FMCG
  • Upcoming Report
  • Jul 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Tote Bags Market, By Application (Shopping Tote, Casual Every Day Tote, Laptop Tote, Sports Tote, Business and Travel Tote, Personalized Tote), Material (Canvas, Embellished, Fabric, Leather, Faux Leather, Nylon, PVC (Polyvinyl Chloride), Jute, Cloth), Pattern (Printed, Textured, Solid), Size (Large, Medium, Small), Distribution Channel (Online Stores, Offline Stores), – Industry Trends and Forecast to 2029

 

Tote Bags Market

Market Analysis and Size

Packaging is becoming increasingly important in protecting and preserving the product from harmful rays, dust, or moisture during transportation. It serves as primary packaging to protect the product from contamination or chemical reaction.

Data Bridge Market Research analyses that the tote bags market was valued at USD 2.40 billion in 2021 and is expected to reach the value of USD 3.44 billion by 2029, at a CAGR of 4.60% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Application (Shopping Tote, Casual Every Day Tote, Laptop Tote, Sports Tote, Business and Travel Tote, Personalized Tote), Material (Canvas, Embellished, Fabric, Leather, Faux Leather, Nylon, PVC (Polyvinyl Chloride), Jute, Cloth), Pattern (Printed, Textured, Solid), Size (Large, Medium, Small), Distribution Channel (Online Stores, Offline Stores)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Burberry Group Plc (U.K.), Capri Holdings Limited (U.S.) CHANEL (U.K.), Dolce and Gabbana Srl (Italy), Double R Bags (India), Giorgio Armani Spa (Italy), Hermes International SA (France), Kering (France), LVMH (France), Mulberry (U.K.), PRADA Group (Italy), Ralph Lauren (U.S.), Samsonite IP Holdings S.à r.l. (HongKong), Tapestry Inc. (U.S.)

Opportunities

  • Reusability of tote bags is also expected to accelerate market growth
  • Ease of folding the bags
  • Rising working women population in global workforce can be a driving factor in global market growth

Market Definition

A tote bag is a type of handbag with parallel handles on both sides of the pouch. Compared to other handbags, it saves space and allows you to carry multiple items at once conveniently. Cloth, fabric, nylon, and jute are common materials. There has been a significant increase in the availability of tote bags in various shapes and sizes, which aids in the transportation of goods and products ranging in size from a grocery item to laptops.

Drivers

  • Consumer preferences for fashionable, trendy fashion segments and rising retail industry

The expanding retail industry around the world is driving the growth of the global tote market. A variety requires tote bags of retailers, including supermarkets, hypermarkets, and specialty stores. This rising demand for tote bags in these retail outlets is expected to propel the global tote bag market during the forecast period. Celebrities and fashion leaders are generally brand savvy and prefer eye-catching tote bags that draw people's attention.

  • Growing product visibility through retail and digital marketing

Increased distribution drives market growth through e-commerce websites and the spread of social media. The tote bags industry heavily advertises on popular social media platforms such as Instagram, Twitter, and Facebook, allowing them to analyse audience preferences and offer specially curated products. These platforms assist businesses in incorporating innovative marketing strategies such as influencer and affiliate marketing to increase profitability.

Opportunity

The reusability of tote bags is also expected to accelerate market growth during the forecast time frame. Furthermore, the ease of folding the bags and storing them in a small space is expected to support the global tote bag market's growth. Furthermore, tote bags are popular among working women. Rising working women population in global workforce can be a driving factor in global market growth in the near future.

Restraints

However, rising availability of direct substitutes and reusable plastic bags are among the major factors that will obstruct market growth, while rising availability of direct substitutes and reusable plastic bags will further challenge the growth of the tote bags market during the forecast period.

This tote bags market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tote bags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Tote bags Market

The covid 19 was an unexpected event that wreaked havoc on global markets. The majority of markets are impacted by global restrictions imposed as a result of the pandemic. The global restrictions have also had an impact on the overall tote bags market. Tote bags are also unnecessary during the pandemic. During this period, consumer spending is directed toward necessities. The tote bags are also available in fashion stores and online. However, both online and physical fashion stores are closed on the 19th. It has slowed the market's overall growth during the forecast period. However, the manufacturing process will resume after covid 19. Furthermore, the market will experience exceptional demand in the coming months.

Recent Development

  • CAPRI Holdings acquired Versace, a luxury fashion brand, in June 2019. The acquisition enabled the company to broaden its portfolio in the luxury tote bag domain. Furthermore, as a result of this acquisition, CAPRI Holdings can now increase its sales in multiple regions by leveraging Versace's extensive distribution network. This enabled the company to gain a 25% market share in the global tote bag market.
  • Samsonite International S.A. announced the acquisition of eBags, a leading digital retail specialist in the bag industry, in April 2020. As a result of this acquisition, the company can now dominate the online tote bag retail sector. As a result, the company has dominated the online retail domain of the global tote bag market.

Global Tote bags Market Scope

The tote bags market is segmented on the basis of application, material, pattern, size and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

  • Shopping Tote
  • Casual Every Day Tote
  • Laptop Tote
  • Sports Tote
  • Business and Travel Tote
  • Personalized Tote

Material

Pattern

  • Printed
  • Textured
  • Solid

Size

  • Large
  • Medium
  • Small

Distribution channel

  • Online Stores
  • Offline Stores

Tote bags Market Regional Analysis/Insights

The tote bags market is analysed and market size insights and trends are provided by country, application, material, pattern, size and distribution channel as referenced above.

The countries covered in the tote bags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the tote bags market due to men's and women's increasing preference for tote bags to carry products and rising disposable income in this region. Due to rising retail sectors in developing countries such as India and China, as well as an increase in working women in the global workforce, Asia-Pacific is expected to be the fastest growing region in terms of tote bag market growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Tote bags Market Share Analysis

The tote bags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tote bags market.

Some of the major players operating in the tote bags market are

  • Burberry Group Plc (U.K.)
  • Capri Holdings Limited (U.S.)
  • CHANEL (U.K.)
  • Dolce and Gabbana Srl (Italy)
  • Double R Bags (India)
  • Giorgio Armani Spa (Italy)
  • Hermes International SA (France)
  • Kering (France)
  • LVMH (France)
  • Mulberry (U.K.)
  • PRADA Group (Italy)
  • Ralph Lauren (U.S.)
  • Samsonite IP Holdings S.à r.l. (HongKong)
  • Tapestry Inc. (U.S.)

Research Methodology: Global Tote bags Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

Global Tote Bags Market By Application as Shopping Tote, Casual Every Day Tote, Laptop Tote, Sports Tote, Business and Travel Tote, Personalized Tote.
This tote bags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
The major players covered in the tote bags market report are BOSTON BAG CO., Michael Kors, H&M Group, BIDBI, Xiamen Novelbag co. ltd Blivus Bags., Guangzhou Yaxin Leather Co., Ltd., Deeya International, Victoria Leather Company, Moonshine Leather Company, Ara India., Shree Satyanarayanji Impex (S. S. Impex)., CS Exports., B&B Merchandising., Makewell Bags., Royal Fabric Bags., Weaves And Hues., Craftstages International Private Limited., Flymax Exim., Remonde Plasmetiks. and Sri Easwarar Textile. among other domestic and global players
Asia-Pacific is the expected region in terms of growth in tote bags market due to rising retail sector in developing countries such as India and China and increasing working women population in global workforce in this region.