Tote Bags Market size was valued at US$ 8.68 Bn. in 2023. Leather, one of the segments reviewed in MMR report dominated the Tote Bags Market.Tote Bags Market Overview:
Tote bag is a category of women's handbag. Tote bags contain larger space as compared to other handbags and allow women to carry the maximum number of goods at the same time. Tote bags are perfect solutions for carrying large objects such as laptops, beauty products, etc.To know about the Research Methodology :- Request Free Sample Report 2023 is considered as a base year to forecast the market from 2024 to 2030. 2023 's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2030. 2023 is a year of exception and analyzed especially with the impact of lockdown by region.
Tote Bags Market Dynamics:
Availability of fashionable bags and Increasing shopping through various stores have increased the demand for tote bags. They are reusable can be folded and kept to use again not like plastic bags. They have the property of recyclability. Increasing environmental awareness amongst and properties like reusability and environmental are driving the market growth of tote bags. Increasing innovation such as resin coating to the woven fabric making it sealable, cost-effective, form, fill and seal packaging lines, etc. good visual appeal, weather resistance, and extended shelf life are the factors driving the demand for tote bags in the market. Outdoor carriage and easy handling of the products by consumers have increased. An increasingly fashion-conscious and growing number of working women, a rise in spending power are the factors expected to drive the market growth of tote bags. The availability of cheaper substitutes is expected to restrain the market growth. Luxury and premium products are available at lower prices in duty-free airport retail stores. Many airports have also undertaken renovation for retail stores and shopping centers. This has increased the demand and sale of tote bags in the market. Market trends and challenges are analyzed and compiled in the report. The data of 2023 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2024 to 2030 with market forecast until 2030.Tote Bags Market Segment Analysis:
By Materials, Leather dominated the market with a 49 % share in 2023. Improved durability, dustproof, and crack-proof properties are the factors driving the market growth of the segment. Exotic leather is being used by manufacturers to meet the need of high-end and premium clients. The durability of the product lures the consumer to spend on high-end products and the rising popularity of vegan leather handbags. These factors are driving the growth of the tote bags market. Fabrics and Canvas are expected to grow at a CAGR of 5.4 % through the forecast period. They are cost-efficient as compared to leather. These factors are expected to drive the market growth through the forecast period. By Distribution Channel, the Offline segment dominated the market with an 82 % share in 2023. Retail stores have gained significant popularity among women and manufacturers have also strengthened their distribution channels driving the market growth of the segment, Rising in opening brand stores in the developing countries, and converting flagship stores into interactive art galleries increasing the demand for the product. The online segment is expected to grow at a CAGR of 8.4 % through the forecast period. The number of online shoppers is increasing, swift penetration of smartphones, boutiques that integrate both online and in-store shopping are factors expected to drive the market growth through the forecast period.Regional Insights:
North America dominated the market with 31% share in 2023. The high purchasing power of consumers, high demand for good quality, the high living standard are the factors driving the market growth of tote bags in this region. Asia Pacific region is expected to grow at a CAGR of 12 % through the forecast period. Countries like China have been major importers of bags. Increased shopping and changing lifestyle are also expected to contribute to the demand for tote bags through the forecast period. Increasing new fashion trends, social media influences, and a growing young population are the factors driving the market growth through the forecast period. The objective of the report is to present a comprehensive analysis of the Tote Bags market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Tote Bags market dynamics, structure by analyzing the market segments and projecting the Tote Bags market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Tote Bags market make the report investor’s guide.Tote Bags Market Scope: Inquire before buying
Tote Bags Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 8.68 Bn. Forecast Period 2024 to 2030 CAGR: 5.54% Market Size in 2030: US $ 12.66 Bn. Segments Covered: by Materials Leather Fabrics and Canvas Others by Application Men Women by Distribution Channel Online Offline Tote Bags Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players
1. Gucci 2. Louis Vuitton 3. BOSTON BAG CO. 4. Michael Kors 5. H&M Group 6. BIDBI 7. XIAMEN NOVELBAG CO. LTD. 8. Blivus Bags 9. Guangzhou Yaxin Leather Corporation Limited 10. Deeya International 11. Victoria Leather Company 12. Bustificio Enneci Snc. 13. Moonshine Leather Company 14. Mondi Group 15. Amcor 16. Berry Global 17. Novolex 18. Bemis 19. ProAmpac 20. Sonoco Products 21. Tibuk 2 Manufacturing Ltd Frequently Asked Questions: 1. Which region has the largest share in Global Tote Bags Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Tote Bags Market? Ans: The Global Tote Bags Market is growing at a CAGR of 5.54% during forecasting period 2024-2030. 3. What is scope of the Global Tote Bags market report? Ans: Global Tote Bags Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Tote Bags market? Ans: The important key players in the Global Tote Bags Market are – Gucci, Louis Vuitton, BOSTON BAG CO., Michael Kors, H&M Group, BIDBI, XIAMEN NOVELBAG CO. LTD., Blivus Bags, Guangzhou Yaxin Leather Corporation Limited, Deeya International, Victoria Leather Company, 5. What is the study period of this market? Ans: The Global Tote Bags Market is studied from 2023 to 2030.
1. Tote Bags Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Tote Bags Market: Dynamics 2.1. Tote Bags Market Trends by Region 2.1.1. North America Tote Bags Market Trends 2.1.2. Europe Tote Bags Market Trends 2.1.3. Asia Pacific Tote Bags Market Trends 2.1.4. Middle East and Africa Tote Bags Market Trends 2.1.5. South America Tote Bags Market Trends 2.2. Tote Bags Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Tote Bags Market Drivers 2.2.1.2. North America Tote Bags Market Restraints 2.2.1.3. North America Tote Bags Market Opportunities 2.2.1.4. North America Tote Bags Market Challenges 2.2.2. Europe 2.2.2.1. Europe Tote Bags Market Drivers 2.2.2.2. Europe Tote Bags Market Restraints 2.2.2.3. Europe Tote Bags Market Opportunities 2.2.2.4. Europe Tote Bags Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Tote Bags Market Drivers 2.2.3.2. Asia Pacific Tote Bags Market Restraints 2.2.3.3. Asia Pacific Tote Bags Market Opportunities 2.2.3.4. Asia Pacific Tote Bags Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Tote Bags Market Drivers 2.2.4.2. Middle East and Africa Tote Bags Market Restraints 2.2.4.3. Middle East and Africa Tote Bags Market Opportunities 2.2.4.4. Middle East and Africa Tote Bags Market Challenges 2.2.5. South America 2.2.5.1. South America Tote Bags Market Drivers 2.2.5.2. South America Tote Bags Market Restraints 2.2.5.3. South America Tote Bags Market Opportunities 2.2.5.4. South America Tote Bags Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Tote Bags Industry 2.8. Analysis of Government Schemes and Initiatives For Tote Bags Industry 2.9. Tote Bags Market price trend Analysis (2022-23) 2.10. Tote Bags Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of Tote Bags 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of Tote Bags 2.11. Tote Bags Production Analysis 2.12. The Global Pandemic Impact on Tote Bags Market 3. Tote Bags Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2023-2030 3.1. Tote Bags Market Size and Forecast, by Materials (2023-2030) 3.1.1. Leather 3.1.2. Fabrics and Canvas 3.1.3. Others 3.2. Tote Bags Market Size and Forecast, by Application (2023-2030) 3.2.1. Men 3.2.2. Women 3.3. Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 3.3.1. Online 3.3.2. Offline 3.4. Tote Bags Market Size and Forecast, by Region (2023-2030) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Tote Bags Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 4.1. North America Tote Bags Market Size and Forecast, by Materials (2023-2030) 4.1.1. Leather 4.1.2. Fabrics and Canvas 4.1.3. Others 4.2. North America Tote Bags Market Size and Forecast, by Application (2023-2030) 4.2.1. Men 4.2.2. Women 4.3. North America Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 4.3.1. Online 4.3.2. Offline 4.4. North America Tote Bags Market Size and Forecast, by Country (2023-2030) 4.4.1. United States 4.4.1.1. United States Tote Bags Market Size and Forecast, by Materials (2023-2030) 4.4.1.1.1. Leather 4.4.1.1.2. Fabrics and Canvas 4.4.1.1.3. Others 4.4.1.2. United States Tote Bags Market Size and Forecast, by Application (2023-2030) 4.4.1.2.1. Men 4.4.1.2.2. Women 4.4.1.3. United States Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.1.3.1. Online 4.4.1.3.2. Offline 4.4.2. Canada 4.4.2.1. Canada Tote Bags Market Size and Forecast, by Materials (2023-2030) 4.4.2.1.1. Leather 4.4.2.1.2. Fabrics and Canvas 4.4.2.1.3. Others 4.4.2.2. Canada Tote Bags Market Size and Forecast, by Application (2023-2030) 4.4.2.2.1. Men 4.4.2.2.2. Women 4.4.2.3. Canada Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.2.3.1. Online 4.4.2.3.2. Offline 4.4.3. Mexico 4.4.3.1. Mexico Tote Bags Market Size and Forecast, by Materials (2023-2030) 4.4.3.1.1. Leather 4.4.3.1.2. Fabrics and Canvas 4.4.3.1.3. Others 4.4.3.2. Mexico Tote Bags Market Size and Forecast, by Application (2023-2030) 4.4.3.2.1. Men 4.4.3.2.2. Women 4.4.3.3. Mexico Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.3.3.1. Online 4.4.3.3.2. Offline 5. Europe Tote Bags Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 5.1. Europe Tote Bags Market Size and Forecast, by Materials (2023-2030) 5.2. Europe Tote Bags Market Size and Forecast, by Application (2023-2030) 5.3. Europe Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 5.4. Europe Tote Bags Market Size and Forecast, by Country (2023-2030) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Tote Bags Market Size and Forecast, by Materials (2023-2030) 5.4.1.2. United Kingdom Tote Bags Market Size and Forecast, by Application (2023-2030) 5.4.1.3. United Kingdom Tote Bags Market Size and Forecast, by Distribution Channel(2023-2030) 5.4.2. France 5.4.2.1. France Tote Bags Market Size and Forecast, by Materials (2023-2030) 5.4.2.2. France Tote Bags Market Size and Forecast, by Application (2023-2030) 5.4.2.3. France Tote Bags Market Size and Forecast, by Distribution Channel(2023-2030) 5.4.3. Germany 5.4.3.1. Germany Tote Bags Market Size and Forecast, by Materials (2023-2030) 5.4.3.2. Germany Tote Bags Market Size and Forecast, by Application (2023-2030) 5.4.3.3. Germany Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.4. Italy 5.4.4.1. Italy Tote Bags Market Size and Forecast, by Materials (2023-2030) 5.4.4.2. Italy Tote Bags Market Size and Forecast, by Application (2023-2030) 5.4.4.3. Italy Tote Bags Market Size and Forecast, by Distribution Channel(2023-2030) 5.4.5. Spain 5.4.5.1. Spain Tote Bags Market Size and Forecast, by Materials (2023-2030) 5.4.5.2. Spain Tote Bags Market Size and Forecast, by Application (2023-2030) 5.4.5.3. Spain Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.6. Sweden 5.4.6.1. Sweden Tote Bags Market Size and Forecast, by Materials (2023-2030) 5.4.6.2. Sweden Tote Bags Market Size and Forecast, by Application (2023-2030) 5.4.6.3. Sweden Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.7. Austria 5.4.7.1. Austria Tote Bags Market Size and Forecast, by Materials (2023-2030) 5.4.7.2. Austria Tote Bags Market Size and Forecast, by Application (2023-2030) 5.4.7.3. Austria Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Tote Bags Market Size and Forecast, by Materials (2023-2030) 5.4.8.2. Rest of Europe Tote Bags Market Size and Forecast, by Application (2023-2030) 5.4.8.3. Rest of Europe Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6. Asia Pacific Tote Bags Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 6.1. Asia Pacific Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.2. Asia Pacific Tote Bags Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6.4. Asia Pacific Tote Bags Market Size and Forecast, by Country (2023-2030) 6.4.1. China 6.4.1.1. China Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.1.2. China Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.1.3. China Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.2. S Korea 6.4.2.1. S Korea Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.2.2. S Korea Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.2.3. S Korea Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.3. Japan 6.4.3.1. Japan Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.3.2. Japan Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.3.3. Japan Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.4. India 6.4.4.1. India Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.4.2. India Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.4.3. India Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.5. Australia 6.4.5.1. Australia Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.5.2. Australia Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.5.3. Australia Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.6. Indonesia 6.4.6.1. Indonesia Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.6.2. Indonesia Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.6.3. Indonesia Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.7. Malaysia 6.4.7.1. Malaysia Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.7.2. Malaysia Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.7.3. Malaysia Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.8. Vietnam 6.4.8.1. Vietnam Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.8.2. Vietnam Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.8.3. Vietnam Tote Bags Market Size and Forecast, by Distribution Channel(2023-2030) 6.4.9. Taiwan 6.4.9.1. Taiwan Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.9.2. Taiwan Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.9.3. Taiwan Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Tote Bags Market Size and Forecast, by Materials (2023-2030) 6.4.10.2. Rest of Asia Pacific Tote Bags Market Size and Forecast, by Application (2023-2030) 6.4.10.3. Rest of Asia Pacific Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 7. Middle East and Africa Tote Bags Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 7.1. Middle East and Africa Tote Bags Market Size and Forecast, by Materials (2023-2030) 7.2. Middle East and Africa Tote Bags Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 7.4. Middle East and Africa Tote Bags Market Size and Forecast, by Country (2023-2030) 7.4.1. South Africa 7.4.1.1. South Africa Tote Bags Market Size and Forecast, by Materials (2023-2030) 7.4.1.2. South Africa Tote Bags Market Size and Forecast, by Application (2023-2030) 7.4.1.3. South Africa Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 7.4.2. GCC 7.4.2.1. GCC Tote Bags Market Size and Forecast, by Materials (2023-2030) 7.4.2.2. GCC Tote Bags Market Size and Forecast, by Application (2023-2030) 7.4.2.3. GCC Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 7.4.3. Nigeria 7.4.3.1. Nigeria Tote Bags Market Size and Forecast, by Materials (2023-2030) 7.4.3.2. Nigeria Tote Bags Market Size and Forecast, by Application (2023-2030) 7.4.3.3. Nigeria Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Tote Bags Market Size and Forecast, by Materials (2023-2030) 7.4.4.2. Rest of ME&A Tote Bags Market Size and Forecast, by Application (2023-2030) 7.4.4.3. Rest of ME&A Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 8. South America Tote Bags Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 8.1. South America Tote Bags Market Size and Forecast, by Materials (2023-2030) 8.2. South America Tote Bags Market Size and Forecast, by Application (2023-2030) 8.3. South America Tote Bags Market Size and Forecast, by Distribution Channel(2023-2030) 8.4. South America Tote Bags Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Tote Bags Market Size and Forecast, by Materials (2023-2030) 8.4.1.2. Brazil Tote Bags Market Size and Forecast, by Application (2023-2030) 8.4.1.3. Brazil Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Tote Bags Market Size and Forecast, by Materials (2023-2030) 8.4.2.2. Argentina Tote Bags Market Size and Forecast, by Application (2023-2030) 8.4.2.3. Argentina Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Tote Bags Market Size and Forecast, by Materials (2023-2030) 8.4.3.2. Rest Of South America Tote Bags Market Size and Forecast, by Application (2023-2030) 8.4.3.3. Rest Of South America Tote Bags Market Size and Forecast, by Distribution Channel (2023-2030) 9. Global Tote Bags Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Production of 2022 9.3.6. Company Locations 9.4. Leading Tote Bags Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in Tote Bags Industry 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Gucci 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Louis Vuitton 10.3. BOSTON BAG CO. 10.4. Michael Kors 10.5. H&M Group 10.6. BIDBI 10.7. XIAMEN NOVELBAG CO. LTD. 10.8. Blivus Bags 10.9. Guangzhou Yaxin Leather Corporation Limited 10.10. Deeya International 10.11. Victoria Leather Company 10.12. Bustificio Enneci Snc. 10.13. Moonshine Leather Company 10.14. Mondi Group 10.15. Amcor 10.16. Berry Global 10.17. Novolex 10.18. Bemis 10.19. ProAmpac 10.20. Sonoco Products 10.21. Tibuk 2 Manufacturing Ltd 11. Key Findings 12. Industry Recommendations 13. Tote Bags Market: Research Methodology 14. Terms and Glossary