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Tote Bags Market Report by Technavio expects USD 7.47 Bn Incremental Growth


NEW YORK, July 20, 2022 /PRNewswire/ — The global tote bags market size is expected to grow by USD 7.47 billion between 2021 and 2026. According to the report, the market will observe a YOY growth of 5.29% in 2022, and the growth momentum is expected to accelerate at a CAGR of 6.37% during the forecast period. According to the report, the market will observe high growth in APAC. The increasing demand for luxury consumer products is creating high growth opportunities for vendors operating in the region. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download a PDF Report Sample


Technavio has announced its latest market research report titled Tote Bags Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The tote bags market is fragmented due to the presence of several international and domestic players. The established market players enjoy a competitive advantage owing to their scale of operations and brand name. The high compliance costs caused by increased stringency of regulations are creating entry barriers for new players. Also, the capital-intensive nature of the market is making it difficult for new players to sustain themselves in the global tote bags market. However, vendors are implementing various strategies like new product launches and mergers & acquisitions (M&As) to remain competitive in the market.

Personalization and customization of luxury tote bags have been instrumental in driving the growth of the market. In addition, the increased demand for tote bags at airport retail stores will further accelerate the growth of the market. However, the fluctuating operational costs including labor, logistics, and raw material costs might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Burberry Group Plc, Capri Holdings Ltd., CHANEL Ltd., Dolce and Gabbana Srl, Double R Bags, Giorgio Armani Spa, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, PRADA Group, PVH Corp., Ralph Lauren Corp., Ronak Industries, Samsonite International SA, Tapestry Inc., Targus Inc., Tods Spa, VF Corp., and VIP Industries Ltd. are identified as some of the major market participants. View Report Sample Here

The tote bags market is segmented as below:

  • Distribution Channel
    • Offline
    • Online

The offline segment accounted for maximum sales of tote bags in the market in 2021. The increased sales of tote bags through specialty stores, including exclusive brand stores, multi-brand stores, apparel stores, factory outlets, airport retail stores, and personal goods stores; hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores is driving the growth of the segment. Also, the growth of the retail industry and the establishment of new retail outlets will positively influence the growth of the market in the offline distribution channel segment.

  • Geography
    • Europe
    • APAC
    • North America
    • Middle East And Africa
    • South America

About 33% of the overall market growth will originate from APAC during the forecast period. Factors such as high consumer confidence, high disposable income, and growing urbanization have been crucial in driving the growth of the regional market. In addition, the growing fashion industry and the increasing number of fashion events are contributing to the growth of the tote bags market in APAC. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The tote bags market report covers the following areas:

Tote Bags Market 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist tote bags market growth during the next five years
  • Estimation of the tote bags market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the tote bags market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tote bags market vendors
Related Reports:

Tote Bags Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.37%

Market growth 2022-2026

USD 7.47 billion

Market structure

Fragmented

YoY growth (%)

5.29

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Japan, France, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Burberry Group Plc, Capri Holdings Ltd., CHANEL Ltd., Dolce and Gabbana Srl, Double R Bags, Giorgio Armani Spa, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, PRADA Group, PVH Corp., Ralph Lauren Corp., Ronak Industries, Samsonite International SA, Tapestry Inc., Targus Inc., Tods Spa, VF Corp., and VIP Industries Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

  • 5.1 Market segments
    • Exhibit 24: Chart on Distribution Channel – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Distribution Channel – Market share 2021-2026 (%)
  • 5.2 Comparison by Distribution Channel
    • Exhibit 26: Chart on Comparison by Distribution Channel
    • Exhibit 27: Data Table on Comparison by Distribution Channel
  • 5.3 Offline – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Offline – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Offline – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Offline – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Offline – Year-over-year growth 2021-2026 (%)
  • 5.4 Online – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Online – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Online – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Online – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Online – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Distribution Channel
    • Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 Europe – Market size and forecast 2021-2026
    • Exhibit 42: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.4 APAC – Market size and forecast 2021-2026
    • Exhibit 46: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.5 North America – Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.7 South America – Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 China – Market size and forecast 2021-2026
    • Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.10 France – Market size and forecast 2021-2026
    • Exhibit 70: Chart on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on France – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on France – Year-over-year growth 2021-2026 (%)
  • 7.11 UK – Market size and forecast 2021-2026
    • Exhibit 74: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.12 Germany – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.13 Japan – Market size and forecast 2021-2026
    • Exhibit 82: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.14 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Burberry Group Plc
    • Exhibit 93: Burberry Group Plc – Overview
    • Exhibit 94: Burberry Group Plc – Business segments
    • Exhibit 95: Burberry Group Plc – Key offerings
    • Exhibit 96: Burberry Group Plc – Segment focus
  • 10.4 Capri Holdings Ltd.
    • Exhibit 97: Capri Holdings Ltd. – Overview
    • Exhibit 98: Capri Holdings Ltd. – Business segments
    • Exhibit 99: Capri Holdings Ltd. – Key news
    • Exhibit 100: Capri Holdings Ltd. – Key offerings
    • Exhibit 101: Capri Holdings Ltd. – Segment focus
  • 10.5 CHANEL Ltd.
    • Exhibit 102: CHANEL Ltd. – Overview
    • Exhibit 103: CHANEL Ltd. – Business segments
    • Exhibit 104: CHANEL Ltd. – Key offerings
    • Exhibit 105: CHANEL Ltd. – Segment focus
  • 10.6 Kering SA
    • Exhibit 106: Kering SA – Overview
    • Exhibit 107: Kering SA – Business segments
    • Exhibit 108: Kering SA – Key offerings
    • Exhibit 109: Kering SA – Segment focus
  • 10.7 LVMH Moet Hennessy Louis Vuitton SE
    • Exhibit 110: LVMH Moet Hennessy Louis Vuitton SE – Overview
    • Exhibit 111: LVMH Moet Hennessy Louis Vuitton SE – Business segments
    • Exhibit 112: LVMH Moet Hennessy Louis Vuitton SE – Key news
    • Exhibit 113: LVMH Moet Hennessy Louis Vuitton SE – Key offerings
    • Exhibit 114: LVMH Moet Hennessy Louis Vuitton SE – Segment focus
  • 10.8 PRADA Group
    • Exhibit 115: PRADA Group – Overview
    • Exhibit 116: PRADA Group – Product / Service
    • Exhibit 117: PRADA Group – Key offerings
  • 10.9 PVH Corp.
    • Exhibit 118: PVH Corp. – Overview
    • Exhibit 119: PVH Corp. – Business segments
    • Exhibit 120: PVH Corp. – Key offerings
    • Exhibit 121: PVH Corp. – Segment focus
  • 10.10 Samsonite International SA
    • Exhibit 122: Samsonite International SA – Overview
    • Exhibit 123: Samsonite International SA – Business segments
    • Exhibit 124: Samsonite International SA – Key offerings
    • Exhibit 125: Samsonite International SA – Segment focus
  • 10.11 Tapestry Inc.
    • Exhibit 126: Tapestry Inc. – Overview
    • Exhibit 127: Tapestry Inc. – Business segments
    • Exhibit 128: Tapestry Inc. – Key offerings
    • Exhibit 129: Tapestry Inc. – Segment focus
  • 10.12 VF Corp.
    • Exhibit 130: VF Corp. – Overview
    • Exhibit 131: VF Corp. – Business segments
    • Exhibit 132: VF Corp. – Key news
    • Exhibit 133: VF Corp. – Key offerings
    • Exhibit 134: VF Corp. – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 135: Inclusions checklist
    • Exhibit 136: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 137: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 138: Research methodology
    • Exhibit 139: Validation techniques employed for market sizing
    • Exhibit 140: Information sources
  • 11.5 List of abbreviations
    • Exhibit 141: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research

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Email: media@technavio.com

Website: www.technavio.com/

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