India Handbags Market Research Report Highlights Key Findings in the Field of Vendor Landscape, Key Market Segments, Regions, Latest Trends and Drivers | Technavio

Supplier landscape

The market structure is expected to remain fragmented during the forecast period. Suppliers operating in the market adopt various marketing and growth strategies such as competitive pricing to compete in the market.

Baggit, Capri Holdings Ltd., Da Milano Leathers Pvt. Ltd., H & M Hennes & Mauritz AB, Hidesign, Kering SA, Lavie, LVMH Moet Hennessy – Louis Vuitton, The House of Tara and VIP Industries Ltd are among the few key suppliers in this market. Sellers compete with each other to maintain their position in the market. To be successful in this market, sellers must focus on providing competitively priced handbags.

Suppliers are also trying to expand their market presence and strengthen their product portfolio by entering into partnerships and launching new and innovative products.

For example, in March 2021, Capri Holdings Ltd announced the appointment of Alejandro Martinez-Galindo as Chief Information Officer of Capri Holdings.

See more on the highlights of the marketplace vendor landscape with a comprehensive list of vendors and their offerings.

Key market segmentation

  • Segmentation by product:
    • Pouches and wallets:
      • The segment has greatly contributed to the overall growth of the market in 2020.
      • Clutches and wallets was the largest segment of the market in 2020 and will continue to be so in 2025.
  • Segmentation by distribution channel:
    • Offline:
      • In terms of distribution channels, the offline retail segment generated maximum revenue in the market in 2020.
      • Offline retail channels are expected to represent the maximum number of handbag sales in the market during the forecast period. Offline retail channels such as convenience stores, hypermarkets and supermarkets, and outlet stores are the most popular and preferred channels for selling a wide range of handbags, as they offer a wide assortment of products under one roof.

Request a FREE sample of this report for more highlights in market segments

Revenue-generating segment
Rising disposable income, increasing Millennials’ spending on designer goods, growing demand for luxury wallets and premium leather, and growing number of working women in India are the main factors that are expected to boost the market. demand for pouches and wallets and thus drive the growth of the handbag market segment in India during the forecast period. Hence, the growth of the market segment is expected to be significant during the forecast period.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest trends driving the handbag market in India

  • Handbags market in India Driver:
    • Increased production and distribution of Handbags:

Handbags are most often used by people all over the world, including India, to carry personal items. This encourages suppliers to increase their production and distribution across India. Distributors play an important role in the supply chain of several consumer goods, including handbags. With the changing buying behaviors and purchasing practices of consumers, the retail landscape is changing around the world, including India.

Growing internet connectivity and increasing adoption of smartphones further supports the emergence of online handbag retail in India. These factors will drive handbag sales through online retail channels in India during the forecast period.

  • India Handbags Market Trend:
    • Growing number of celebrity product recommendations:

One of the main trends in the handbag market is the growing number of celebrity product approvals. Most of the global and local suppliers present in the handbags market in India adopt marketing strategies such as product approval to increase their sales in various countries including India. Celebrity endorsements help sellers grab the attention of customers and improve the popularity of their products, which in turn is expected to increase handbag sales among consumers across the country.

Find additional information on various other market drivers and trends mentioned in our FREE sample report.

Need more? Are you looking for information not covered in this report?

  • Want to know more about the different research methodologies?
  • Evaluate in detail a specific segment or region
  • Identify the main suppliers, customers or other market players
  • Analyze market regulations

Adapt this report according to your needs. Do it with our 1000 $ free customization value. Talk to our analyst now!

Associated reports:

Tote Bag Market – TThe size of the Tote Bags market has the potential to grow by $ 5.85 billion over the period 2021-2025, and the market growth momentum will accelerate at a CAGR of 5.54%. Download a free sample now!

Luxury Handbag Market –The luxury handbag market has the potential to grow by USD 16.90 billion during the period 2021-2025, and the market growth momentum will accelerate at a CAGR of 5.60%.Download a free sample now!

Handbag market in India

Cover of the report


Page number


Year of reference


Forecast period


Growth dynamics and CAGR

Accelerate to a CAGR of almost 5%

Market growth 2021-2025

$ 207.51 million

Market structure


Annual growth (%)


Regional analysis


Efficient contribution to the market

100% India

Main consumer countries

Afghanistan, Albania, Austria, Bahrain, Armenia and Armenia

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Baggit, Capri Holdings Ltd., Da Milano Leathers Pvt. Ltd., H & M Hennes & Mauritz AB, Hidesign, Kering SA, Lavie, LVMH Moet Hennessy – Louis Vuitton, The House of Tara and VIP Industries Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization overview

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]

SOURCE Technavio

Previous This celebrity-beloved brand makes stylish, travel-ready handbags - and they're 20% off right now
Next Tennis Bags and Backpacks Market Size by Major Companies, Trends by Types and Applications, Forecast to 2028