Tote Bag Market Expected to Grow USD 5.85 Billion from 2020 to 2025 | Increased Consumer Awareness of Fashion and Spending on Personal Goods to Drive Market | More than 17,000 Technavio reports


The difference in potential growth of the Tote Bags market between 2020 and 2025 is $5.85 billion. To get the exact annual growth variance and annual growth rate, talk to our analyst.

Key Market Dynamics:

  • market engine
  • Market challenges

the increased consumer awareness of fashion and spending on personal goods are some of the major market drivers. However, factors such as fluctuating operational costs, including labor, logistics and raw materials costs will challenge market growth.

Learn more about additional key factors, trends and challenges available with Technavio. Read our FREE sample report now!

The Tote Bags Market report is segmented by Distribution channel (offline and online) and Geography (EuropeACPA, North AmericaAME and South America).

The growth of the retail sector and the establishment of numerous retail outlets are driving sales in the offline segment. These outlets provide customers with a wide range of tote bags and give them the opportunity to find everything under one roof. Factors such as low prices, comfortable shopping experience and attractive displays encourage customers to purchase different types of leather handbags based on type, brand and quality. Due to these factors, the growth of the market segment is expected to be significant over the forecast period

See our sample report for additional information on the contribution of all segments and regional opportunities in the report.

Some companies mentioned with their offers
The tote bag market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

    • Burberry Group Plc – The company offers a variety of leather tote bags in different sizes, such as soft leather mini tote, soft leather medium tote, leather flat pocket bag, and more.
    • Capri Holdings Ltd. – The Company offers tote bags under the MICHAEL KORS brand, such as shoulder bags, shoulder bags and others.
    • Financial Company Richemont SA – The company offers tote bags under the Alaïa brand.
    • Kering S.A. – The company offers tote bags under the Gucci brand.
    • LVMH Moet Hennessy – Louis VuittonThe company offers luxury tote bags such as Lockme shopper, Neverful MM, Onthego MM and others.
  • To access more supplier profiles with their key offerings available with Technavio, click here

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Luxury Handbags MarketThe luxury handbags market has the potential to grow by USD 16.90 billion between 2021 and 2025, and the growth momentum of the market will accelerate at a CAGR of 5.60%. Download a free sample now!

Smart Handbags Market –The market size of smart handbags has the potential to grow by USD 258.56 million during the period 2020-2024, and the growth momentum of the market will accelerate during the forecast period. Download a free sample now!

Tote Bag Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 5.54%

Market Growth 2021-2025

$5.85 billion

Market structure

Fragmented

Annual growth (%)

4.87

Regional analysis

Europe, APAC, North America, MEA and South America

Successful market contribution

APAC at 32%

Main consumer countries

United States, China, France, United Kingdom, Germany and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Burberry Group Plc, Capri Holdings Ltd., Compagnie Financière Richemont SA, Kering SA, LVMH Moet Hennessy – Louis Vuitton, PRADA Group, PVH Corp., Samsonite International SA, Tapestry Inc. and VF Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

  • Summary
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation
  • Customer landscape
  • Geographic landscape
  • Supplier Landscape
  • Vendor analysis
  • appendix

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