Tote Bags Market: Global Industry Analysis and Forecast (2023-2029)

Tote Bags Market size was valued at US$ 8.23 Bn. in 2022. 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 2022 is considered as a base year to forecast the market from 2023 to 2029. 2021'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 2029. 2020 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 2022 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2022 to 2023 with market forecast until 2029.

Tote Bags Market Segment Analysis:

By Materials, Leather dominated the market with a 49 % share in 2022. 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 2022. 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 2022. 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: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 8.23 Bn.
Forecast Period 2023 to 2029 CAGR: 5.54% Market Size in 2029: US $ 12.00 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 2022. 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 2023-2029. 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 2022 to 2029.
1. ABC Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. ABC Market: Dynamics 2.1. ABC Market Trends by Region 2.1.1. North America ABC Market Trends 2.1.2. Europe ABC Market Trends 2.1.3. Asia Pacific ABC Market Trends 2.1.4. Middle East and Africa ABC Market Trends 2.1.5. South America ABC Market Trends 2.2. ABC Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America ABC Market Drivers 2.2.1.2. North America ABC Market Restraints 2.2.1.3. North America ABC Market Opportunities 2.2.1.4. North America ABC Market Challenges 2.2.2. Europe 2.2.2.1. Europe ABC Market Drivers 2.2.2.2. Europe ABC Market Restraints 2.2.2.3. Europe ABC Market Opportunities 2.2.2.4. Europe ABC Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific ABC Market Drivers 2.2.3.2. Asia Pacific ABC Market Restraints 2.2.3.3. Asia Pacific ABC Market Opportunities 2.2.3.4. Asia Pacific ABC Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa ABC Market Drivers 2.2.4.2. Middle East and Africa ABC Market Restraints 2.2.4.3. Middle East and Africa ABC Market Opportunities 2.2.4.4. Middle East and Africa ABC Market Challenges 2.2.5. South America 2.2.5.1. South America ABC Market Drivers 2.2.5.2. South America ABC Market Restraints 2.2.5.3. South America ABC Market Opportunities 2.2.5.4. South America ABC 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 ABC Industry 2.8. Analysis of Government Schemes and Initiatives For ABC Industry 2.9. ABC Market price trend Analysis (2021-22) 2.10. ABC Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of ABC 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of ABC 2.11. ABC Production Analysis 2.12. The Global Pandemic Impact on ABC Market 3. ABC Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2022-2029 3.1. ABC Market Size and Forecast, by Materials (2022-2029) 3.1.1. Leather 3.1.2. Fabrics and Canvas 3.1.3. Others 3.2. ABC Market Size and Forecast, by Application (2022-2029) 3.2.1. Men 3.2.2. Women 3.3. ABC Market Size and Forecast, by Distribution Channel (2022-2029) 3.3.1. Online 3.3.2. Offline 3.4. ABC Market Size and Forecast, by Region (2022-2029) 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 ABC Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 4.1. North America ABC Market Size and Forecast, by Materials (2022-2029) 4.1.1. Leather 4.1.2. Fabrics and Canvas 4.1.3. Others 4.2. North America ABC Market Size and Forecast, by Application (2022-2029) 4.2.1. Men 4.2.2. Women 4.3. North America ABC Market Size and Forecast, by Distribution Channel (2022-2029) 4.3.1. Online 4.3.2. Offline 4.4. North America ABC Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States ABC Market Size and Forecast, by Materials (2022-2029) 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 ABC Market Size and Forecast, by Application (2022-2029) 4.4.1.2.1. Men 4.4.1.2.2. Women 4.4.1.3. United States ABC Market Size and Forecast, by Distribution Channel (2022-2029) 4.4.1.3.1. Online 4.4.1.3.2. Offline 4.4.2. Canada 4.4.2.1. Canada ABC Market Size and Forecast, by Materials (2022-2029) 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 ABC Market Size and Forecast, by Application (2022-2029) 4.4.2.2.1. Men 4.4.2.2.2. Women 4.4.2.3. Canada ABC Market Size and Forecast, by Distribution Channel (2022-2029) 4.4.2.3.1. Online 4.4.2.3.2. Offline 4.4.3. Mexico 4.4.3.1. Mexico ABC Market Size and Forecast, by Materials (2022-2029) 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 ABC Market Size and Forecast, by Application (2022-2029) 4.4.3.2.1. Men 4.4.3.2.2. Women 4.4.3.3. Mexico ABC Market Size and Forecast, by Distribution Channel (2022-2029) 4.4.3.3.1. Online 4.4.3.3.2. Offline 5. Europe ABC Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 5.1. Europe ABC Market Size and Forecast, by Materials (2022-2029) 5.2. Europe ABC Market Size and Forecast, by Application (2022-2029) 5.3. Europe ABC Market Size and Forecast, by Distribution Channel (2022-2029) 5.4. Europe ABC Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom ABC Market Size and Forecast, by Materials (2022-2029) 5.4.1.2. United Kingdom ABC Market Size and Forecast, by Application (2022-2029) 5.4.1.3. United Kingdom ABC Market Size and Forecast, by Distribution Channel(2022-2029) 5.4.2. France 5.4.2.1. France ABC Market Size and Forecast, by Materials (2022-2029) 5.4.2.2. France ABC Market Size and Forecast, by Application (2022-2029) 5.4.2.3. France ABC Market Size and Forecast, by Distribution Channel(2022-2029) 5.4.3. Germany 5.4.3.1. Germany ABC Market Size and Forecast, by Materials (2022-2029) 5.4.3.2. Germany ABC Market Size and Forecast, by Application (2022-2029) 5.4.3.3. Germany ABC Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.4. Italy 5.4.4.1. Italy ABC Market Size and Forecast, by Materials (2022-2029) 5.4.4.2. Italy ABC Market Size and Forecast, by Application (2022-2029) 5.4.4.3. Italy ABC Market Size and Forecast, by Distribution Channel(2022-2029) 5.4.5. Spain 5.4.5.1. Spain ABC Market Size and Forecast, by Materials (2022-2029) 5.4.5.2. Spain ABC Market Size and Forecast, by Application (2022-2029) 5.4.5.3. Spain ABC Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden ABC Market Size and Forecast, by Materials (2022-2029) 5.4.6.2. Sweden ABC Market Size and Forecast, by Application (2022-2029) 5.4.6.3. Sweden ABC Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.7. Austria 5.4.7.1. Austria ABC Market Size and Forecast, by Materials (2022-2029) 5.4.7.2. Austria ABC Market Size and Forecast, by Application (2022-2029) 5.4.7.3. Austria ABC Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe ABC Market Size and Forecast, by Materials (2022-2029) 5.4.8.2. Rest of Europe ABC Market Size and Forecast, by Application (2022-2029) 5.4.8.3. Rest of Europe ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6. Asia Pacific ABC Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 6.1. Asia Pacific ABC Market Size and Forecast, by Materials (2022-2029) 6.2. Asia Pacific ABC Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6.4. Asia Pacific ABC Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China ABC Market Size and Forecast, by Materials (2022-2029) 6.4.1.2. China ABC Market Size and Forecast, by Application (2022-2029) 6.4.1.3. China ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea ABC Market Size and Forecast, by Materials (2022-2029) 6.4.2.2. S Korea ABC Market Size and Forecast, by Application (2022-2029) 6.4.2.3. S Korea ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.3. Japan 6.4.3.1. Japan ABC Market Size and Forecast, by Materials (2022-2029) 6.4.3.2. Japan ABC Market Size and Forecast, by Application (2022-2029) 6.4.3.3. Japan ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.4. India 6.4.4.1. India ABC Market Size and Forecast, by Materials (2022-2029) 6.4.4.2. India ABC Market Size and Forecast, by Application (2022-2029) 6.4.4.3. India ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.5. Australia 6.4.5.1. Australia ABC Market Size and Forecast, by Materials (2022-2029) 6.4.5.2. Australia ABC Market Size and Forecast, by Application (2022-2029) 6.4.5.3. Australia ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia ABC Market Size and Forecast, by Materials (2022-2029) 6.4.6.2. Indonesia ABC Market Size and Forecast, by Application (2022-2029) 6.4.6.3. Indonesia ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia ABC Market Size and Forecast, by Materials (2022-2029) 6.4.7.2. Malaysia ABC Market Size and Forecast, by Application (2022-2029) 6.4.7.3. Malaysia ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam ABC Market Size and Forecast, by Materials (2022-2029) 6.4.8.2. Vietnam ABC Market Size and Forecast, by Application (2022-2029) 6.4.8.3. Vietnam ABC Market Size and Forecast, by Distribution Channel(2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan ABC Market Size and Forecast, by Materials (2022-2029) 6.4.9.2. Taiwan ABC Market Size and Forecast, by Application (2022-2029) 6.4.9.3. Taiwan ABC Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific ABC Market Size and Forecast, by Materials (2022-2029) 6.4.10.2. Rest of Asia Pacific ABC Market Size and Forecast, by Application (2022-2029) 6.4.10.3. Rest of Asia Pacific ABC Market Size and Forecast, by Distribution Channel (2022-2029) 7. Middle East and Africa ABC Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 7.1. Middle East and Africa ABC Market Size and Forecast, by Materials (2022-2029) 7.2. Middle East and Africa ABC Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa ABC Market Size and Forecast, by Distribution Channel (2022-2029) 7.4. Middle East and Africa ABC Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa ABC Market Size and Forecast, by Materials (2022-2029) 7.4.1.2. South Africa ABC Market Size and Forecast, by Application (2022-2029) 7.4.1.3. South Africa ABC Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.2. GCC 7.4.2.1. GCC ABC Market Size and Forecast, by Materials (2022-2029) 7.4.2.2. GCC ABC Market Size and Forecast, by Application (2022-2029) 7.4.2.3. GCC ABC Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria ABC Market Size and Forecast, by Materials (2022-2029) 7.4.3.2. Nigeria ABC Market Size and Forecast, by Application (2022-2029) 7.4.3.3. Nigeria ABC Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A ABC Market Size and Forecast, by Materials (2022-2029) 7.4.4.2. Rest of ME&A ABC Market Size and Forecast, by Application (2022-2029) 7.4.4.3. Rest of ME&A ABC Market Size and Forecast, by Distribution Channel (2022-2029) 8. South America ABC Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 8.1. South America ABC Market Size and Forecast, by Materials (2022-2029) 8.2. South America ABC Market Size and Forecast, by Application (2022-2029) 8.3. South America ABC Market Size and Forecast, by Distribution Channel(2022-2029) 8.4. South America ABC Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil ABC Market Size and Forecast, by Materials (2022-2029) 8.4.1.2. Brazil ABC Market Size and Forecast, by Application (2022-2029) 8.4.1.3. Brazil ABC Market Size and Forecast, by Distribution Channel (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina ABC Market Size and Forecast, by Materials (2022-2029) 8.4.2.2. Argentina ABC Market Size and Forecast, by Application (2022-2029) 8.4.2.3. Argentina ABC Market Size and Forecast, by Distribution Channel (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America ABC Market Size and Forecast, by Materials (2022-2029) 8.4.3.2. Rest Of South America ABC Market Size and Forecast, by Application (2022-2029) 8.4.3.3. Rest Of South America ABC Market Size and Forecast, by Distribution Channel (2022-2029) 9. Global ABC 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 ABC Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in ABC 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. ABC Market: Research Methodology 14. Terms and Glossary
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