Global Tote Bags Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Tote Bags Market Overview :
“The global tote bags market size is expected to be worth around US$ 234.5 million by 2021 from US$ 141.2 million in 2031, growing at a CAGR of 5.19% during the forecast period 2021 to 2031.”
The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global tote bags market report has been segmented on the basis of application, material, pattern, size and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Tote bag is a type of hand held bags with parallel handles on both sides of pouch. Tote bags is space efficient as compare to other handbags and helps to carry multiple goods simultaneously in a convenient manner. Tote bags are generally made of fabric, cloth, nylon and jute. Availability of tote bags in different shapes and sizes helps to carry goods and products of variable sizes ranging from a grocery item to laptops.
The major factor driving growth of the global market is the increasing adoption of tote bags among consumers owing to growing retail market such as specialty departmental stores and supermarkets. Other factor driving growth of the leather tote bag market is the use of tote bags by women as a fashion statement and to carry various beauty and other valuable products.
Various types such as top zip, main compartment, small compartment and variety of material in tote bags is popular among women. Tote bags are alternative solution to conventional plastic bags as these can be reused as well cost-effective, and ecofriendly. Furthermore, tote bags are also well known among working women. Rising working women population in global workforce can be a fueling factor contributing towards growth of global market in near future.
However, tote bag contains less compartments as compared to other handbags that are available in the market. Availability of direct substitutes and reusable plastic bags may hamper growth of global the target market.
Development of tote bags that are cost effective with unique and memorable designs, bright colors and aesthetics in terms of shape to attract the attention of consumers or potential end users can create potential revenue opportunities for target players in the market.
The market in North America accounts for largest market share in terms of revenue and is expected to register moderate growth over the forecast period, owing to increasing preference of tote bags by both men and women to carry products in the region. The market in Asia Pasic Region is expected to be witness significant growth, owing to rising retail sector in developing countries such as India and China over the forecast period.
Global Tote Bags Market Segmentation:
Segmentation by application:
- Shopping Tote
- Casual Every Day Tote
- Laptop Tote
- Sports Tote
- Business and Travel Tote
- Personalized Tote
Segmentation by Material:
- Faux Leather
- PVC (polyvinyl chloride)
Segmentation by Pattern:
Segmentation by Size:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Boston Bag Co.
- Michael Kors Holdings Ltd.
- BIDBI - Bag It Don't Bin It Ltd
- Hennes & Mauritz AB
- Xiamen Novelbag Co
- Guangzhou Yaxin Leather Corporation Limited
- Blivus Bags Private Limited
- Deeya International
- Moonshine Leather Company
- Victoria Leather Company
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