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Global Backpack Market Overview
Backpack Market Size was valued at USD 16.3 Billion in . The Backpack market industry is projected to grow from USD 17.8 Billion in to USD 36.2 Billion by , exhibiting a compound annual growth rate (CAGR) of 9.30% during the forecast period ( - ). Increasing travel and tourism, rising outdoor activities, sustainability and eco-friendly initiatives, influence of social media and influencers, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Backpack Market Trends
Sustainability and eco-friendly initiatives is driving the market growth
Sustainability and eco-friendly practices are becoming increasingly significant in the backpack market as a result of shifting consumer tastes, rising environmental awareness, and corporate responsibility. As environmental issues become more generally recognized, consumers are looking for products that share their values and contribute to a future that is more sustainable. As a result, the backpack industry has changed in favor of eco-friendly practices and materials, which is good for the market. In the past, non-biodegradable materials used to make backpacks, such as common plastics and synthetic fabrics, have contributed to the problem of plastic waste and pollution. The use of eco-friendly materials including hemp, organic cotton, recycled polyester, and other biodegradable materials is rapidly being embraced by manufacturers. These elements reduce the requirement for virgin resources, reduce carbon footprints, and diminish the damaging environmental effects of backpack production.
The usage of environmentally friendly materials and sustainable manufacturing processes is an important factor impacting the market. More than ever, companies are making an effort to consume less water, energy, and trash during production. Due to innovative manufacturing techniques including waterless dyeing, energy-efficient manufacturing, and closed-loop production systems, the creation of backpacks today has a lower environmental impact. Customers are more likely to support sustainable business practices, which raises the demand for eco-friendly backpacks. Additionally, as a result of sustainability and eco-friendly measures, a focus on product longevity and durability has evolved. Customers are choosing durable items as they grow more mindful of "fast fashion" and disposable commodities. As a result, manufacturers are investing more money to create luxury, durable backpacks that can withstand daily usage and guarantee their usability for a long time. This shift toward durable goods reduces the need for frequent replacements and, as a result, lowers the overall demand for new backpacks, assisting in the development of a more sustainable business.
The concept of a circular economy has grown in popularity within the backpack sector as a result of environmental measures. Businesses are considering take-back and recycling programs to entice customers to send back their used backpacks for maintenance or recycling. By using circular business methods, businesses can improve the use of their products and reduce the quantity of waste that is dumped in landfills or the environment. In addition to attracting customers who are concerned about the environment, this tactic aids in business reputation-building and fosters customer loyalty. Sustainability and eco-friendly practices have an impact on consumer behavior and purchasing choices. According to studies and polls, a large fraction of consumers are willing to pay more for products that adhere to their environmental principles. As awareness of climate change and other environmental issues grows, customers are increasingly opting for eco-friendly backpacks because they view them as a useful way to make a difference. This consumer demand generates a market-driven incentive for producers to support sustainable practices and test eco-friendly materials.
Laws and industry standards are pushing the backpack sector toward sustainability. Many countries have implemented rules and incentives to promote eco-friendly production techniques and discourage single-use plastics. Compliance with these regulations gives businesses a competitive edge in the market and is mandated by law in addition to demonstrating their commitment to sustainability. Thus, driving the Backpack market revenue.
Backpack Market Segment Insights
Backpack Product Type Insights
The Backpack Market segmentation, based on product type, includes travel, hiking/camping and others. The travel segment dominated the market in . The growth of the worldwide travel and tourist industry is one of the key factors influencing the backpack market's travel segment. As more people travel domestically and internationally, there is a growing need for backpacks that are practical for travel. Backpacks are widely favoured by travelers due to their hands-free design, ergonomic comfort, and ability to contain needs for a range of travel purposes.
Backpack Material Insights
The Backpack Market segmentation, based on material, includes nylon, polyester and others. The nylon category generated the most income in because nylon is extremely durable, it can withstand both everyday use and outdoor activities. It is ideal for backpacks that need to carry heavy loads or endure rough terrain due to its toughness. Customers seeking reliable and reputable products would find it appealing because of this.
Backpack Distribution Channel Insights
The Backpack Market segmentation, based on distribution channel, includes online channel and offline channel. The offline channel segment dominated the market in . Customers can buy a backpack and take it home right away with offline purchasing. There is no need to wait for delivery, which is particularly useful for last-minute purchases or circumstances where clients require the product immediately.
Figure 1: Backpack Market, by Distribution channel, & (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Backpack Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Backpack Market dominated this market in (45.80%). Adventure sports, camping, and other outdoor pursuits are very popular in North America. There is a strong need for backpacks that can accommodate these activities and have qualities like toughness, weather resistance, and specialized compartments. Further, the U.S. Backpack market held the largest market share, and the Canada Backpack market region was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: BACKPACK MARKET SHARE BY REGION (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Backpack market accounts for the second-largest market share. There is a significant cycling culture in many European towns, and commuters frequently utilize backpacks to carry necessities on their bicycle journeys. This market is served by backpacks with attributes like luminous materials and cozy straps. Further, the German Backpack market held the largest market share, and the UK Backpack market was the fastest growing market in the European region
The Asia-Pacific Backpack Market is expected to grow at the fastest CAGR from to . The varied landscapes in the area provide options for outdoor recreation and adventure travel. There is a high demand for backpacks designed for outdoor activities like hiking and trekking. Moreover, Chinas Backpack market held the largest market share, and the Indian Backpack market was the fastest growing market in the Asia-Pacific region.
Backpack Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Backpack market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Backpack industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Backpack industry to benefit clients and increase the market sector. In recent years, the Backpack industry has offered some of the most significant advantages to medicine. Major players in the Backpack market, including Adidas AG (Germany), Under Armor Inc. (U.S.), Patagonia Inc. (U.S.), Puma SE (Germany), Wildcraft (India), Samsonite IP Holdings S.AR.L (Hong Kong), Dakine Inc. (U.S.), Deuter Sport GmbH (Germany), Moët Hennessy Louis Vuitton (LVMH) (France), Safari (India) and others, are attempting to increase market demand by investing in research and development operations.
The business of adidas AG (adidas) is designing, producing, and marketing athletic and sports lifestyle products. The company's product line consists of footwear, apparel, and accessories like bags, sunglasses, sports equipment, and balls. The company sells and distributes its products through franchise stores, stores under its own brand, retail stores, wholesale stores, chains for sports goods, buying organizations, department stores, chains for lifestyle retail, and internet retailers. Additionally, it promotes its goods through e-commerce websites and mobile shopping applications. The marketing of adidas products uses the adidas brand. Additionally, it participates in several product franchises. The organization operates throughout the Middle East, Europe, the Americas, Asia-Pacific, Africa, and other places. adidas has its headquarters in Herzogenaurach, Germany.
LVMH Moet Hennessy Louis Vuitton SE (LVMH) creates and sells upscale goods. The company offers a variety of goods, including clothing, leather goods, alcohol, jewelry, watches, fragrances, and cosmetics. LVMH markets a number of brands, including Christian Dior, Guerlain, Givenchy, Kenzo, Louis Vuitton, Celine, Emilo Pucci, Loewe, Nicolas Kirkwood, Make Up For Ever, and Zenith. In addition to offering cruise services and conducting selective retail commerce, it also engages in a variety of other activities under the DFS, La Grande Epicerie de Paris, Sephora, and Le Bon Marche Rive Gauche brands. The corporation's business activities are dispersed throughout the US, Europe, Asia, and the Middle East. The LVMH corporate office is located in Paris, France.
Key Companies in the Backpack market include
Adidas AG (Germany)
Under Armor Inc. (U.S.)
Puma SE (Germany)
Wildcraft (India)
Samsonite IP Holdings S.AR.L (Hong Kong)
Dakine Inc. (U.S.)
Deuter Sport GmbH (Germany)
Moët Hennessy Louis Vuitton (LVMH) (France)
Safari (India)
Backpack Industry Developments
January : A collection of travel accessories, including a backpack, luggage, micro crossbody bag, expandable bag, pouch bag, and three-piece baggage tag set, was introduced by BTS and Samsonite together.
March : Warrior unveiled a backpack with features like several compartments, a security pocket, a TSA-approved lock, and others that is built for the changing digital lifestyle of people.
Backpack Market Segmentation
Backpack Product Type Outlook
Travel
Hiking/Camping
Others
Backpack Material Outlook
Nylon
Polyester
Others
Backpack Distribution Channel Outlook
Offline Channel
Backpack Regional Outlook
North America
U.S.
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Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
Frequently Asked Questions (FAQ) :
The Backpack Market size was valued at USD 16.3 Billion in .
The global market is projected to grow at a CAGR of 9.30% during the forecast period, -.
North America had the largest share in the global market
The key players in the market are Adidas AG (Germany), Under Armor Inc. (U.S.), Patagonia Inc. (U.S.), Puma SE (Germany), Wildcraft (India), Samsonite IP Holdings S.AR.L (Hong Kong), Dakine Inc. (U.S.), Deuter Sport GmbH (Germany), Moët Hennessy Louis Vuitton (LVMH) (France), Safari (India).
The travel category dominated the market in .
The offline channel had the largest share in the global market.
Introduction
Travel Backpack Statistics: Who doesnt love to travel? It is estimated that the total number of global travelers increased to 990 million after the lockdown. Travel is a popular leisure activity, and as a result, there is a constant demand for travel backpacks. Durability is the most important factor when it comes to travel bags. Unlike other industries, the travel industry is booming worldwide.
The travel bag market is closely linked to the travel industry and is experiencing a consistent increase in demand. Lets take a closer look at the upcoming market through the Travel Backpack Statistics.
Editors Choice
General Backpack Statistics
Regular Backpack vs Travel Backpack
Travel Backpack Regular Backpack Travel Backpacks are bigger Compared to travel backpacks, these are smaller. Can store bulky items Small or no space for bulky items Not suitable for everyday use Can be used every day Adjustable pads and straps Only adjustable straps Better water resistance Limited or no water resistance Durable Less durable Contains specific spaces for easy organization No or limited specific spaces Comes with hidden pockets No hidden pocketsGeneral Travel Backpack Statistics
By Type
(Reference: dreambigtravelfarblog.com)
By Market Value
(Reference: statista.com)
Recent Developments
Things To Consider While Purchasing a Travel Backpack
Conclusion
Collaborating travel and technology is the basis for an increase in demand as well. Lets say, that attaching anti-theft and lightweight technology including travel backpacks is preferred by the majority of Americans. Today, there are multiple types of travel bags available in the market, and travelers choose those according to their needs.
As opposed to restrictions during the global lockdown, the number of travelers has been increasing ever since. Thus, meeting up with the needs of the travelers such as the quality of the bags, designs, features, and functionality is required to catch up in the market.
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Saisuman Revankar
Saisuman is a talented content writer with a keen interest in mobile tech, new gadgets, law, and science. She writes articles for websites and newsletters, conducting thorough research for medical professionals. Fluent in five languages, her love for reading and languages led her to a writing career. With a Masters in Business Administration focusing on Human Resources, Saisuman has worked in HR and with a French international company. In her free time, she enjoys traveling and singing classical songs. At Coolest Gadgets, Saisuman reviews gadgets and analyzes their statistics, making complex information easy for readers to understand.
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