Global Tote Bags Market Size, Trends, and Growth Opportunity, By Application (Shopping, Casual Every Day, Laptop, Sports, Business and Travel, Personalized), By Material (Canvas, Embellished) By Fabric (Leather, Faux Leather, Nylon, Polyvinyl Chloride (PVC), Jute, Cloth), By Pattern (Printed, Textured, Solid), By Size (Large, Medium, Small), By Price Range (High, Medium, Low), By Distribution Channel (Online Stores, Offline Stores), By Region and forecast till 2027.
Global Tote Bags Market
Global Tote Bags Market was valued at USD 2.30 billion in 2021 and is slated to reach USD 3.27 billion by 2027 at a CAGR of 4.85% from 2022-2027.
Tote bags are small, portable bags that frequently lack a handle or strap. They are ideal for talking about ordinary items like clothes and computers because they are typically larger than other bags or purses. From stylish and classy leather to funky and colorful cotton, tote bags are available in a variety of materials, hues, and styles.
Market Drivers
Consumer demand for cotton tote bags is anticipated to expand during the forecast period. Given that they are constructed of cotton, cotton tote bags are among the most well-liked varieties of tote bags. They are strong, environmentally friendly, and easily branded with any desired design or trademark. Cotton tote bags are ideal for everyday usage and may be used for a variety of things, like transporting books, going grocery shopping, traveling, and more. Hence, the market expansion is anticipated to be boosted by the rising demand for cotton tote bags. As they are so environmentally beneficial, eco-friendly tote bags have replaced single-use plastic bags. Eco-friendly tote bags are the ideal product for customers because they are made of sturdy, reasonably priced material. These green products have the potential to benefit the environment and are useful for marketing. Thus, the market is anticipated to increase as a result of the rising demand for tote bags as a substitute for single-use plastic bags.
Many prospects for expansion exist as a result of the rapid merger of top industry competitors. For instance, the luxury clothing company Versace was purchased by CAPRI Holdings in June 2019. The company's primary goal with this acquisition is to diversify its product offering in the market for upscale totes. Versace's enormous distribution network can also be used by CAPRI Holdings to boost its sales in a number of geographic areas. As a result, the business increased its market share in the tote bag industry to 25%. It is anticipated that the rising sales of tote bags through specialty retailers like factory outlets, airport retail stores, and personal goods stores, as well as hypermarkets, exclusive brand stores, multi-brand stores, apparel stores, supermarkets, department stores, convenience stores, and clubhouse stores, will generate a lot of opportunities for the market to grow during the forecast period. In addition, the expansion and growth of the retail sector will help the market expand.
Market Restraints
During the course of the projection period, the market's growth is anticipated to be constrained by the tote bags' high price. When quality-based raw materials are used in tote bags and meticulous craftsmanship is put forth, they cost more than other types of bags. The availability of imitation tote bag products, including reusable plastic bags and a variety of others, is anticipated to restrain the market's expansion.
Recent Development
Samsonite International S.A. established a partnership with eBags, a leading digital retail specialist in the bag business, in 2020. With this acquisition, the company now has a firm grip on the online tote bag retail market. As a result, the corporation has dominated the worldwide tote bag market's online retail sector.
Market Segmentation
Global Tote Bags Market is segmented into Application, Material, Pattern, Size, Distribution Channel, Fabric, and Price Range. Applications such as Shopping, Casual Every Day, laptops, Sports, Business and Travel, and Personalized. By Material such as Canvas, and Embellished. By Patterns such as Printed, Textured, and Solid. By sizes such as Large, Medium, and Small. By Distribution channels such as Online Stores, Offline Stores. By Fabrics such as Leather, Faux Leather, Nylon, Polyvinyl Chloride (PVC), Jute, and Cloth. By Price Range such as High, Medium, and Low.
Regional Analysis
Global Tote Bags Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. North America dominates the tote bag market due to the increasing popularity of tote bags among men and women in this area to carry things. Also, rising disposable incomes will drive market growth in this region. Throughout the projected period, Asia-Pacific is anticipated to experience the quickest rate of development due to the region's rising rate of working women. The expansion of the retail industries in developing nations like China and India will also contribute to market growth in this area.
Key Players
This report includes a list of numerous Key Players, namely Burberry (U.K.), Capri Holdings Limited (U.S.), CHANEL (U.K.), Dolce & Gabbana S.r.l. (Italy), Double R Bags (India), Giorgio Armani S.p.A (Italy), KERING (France), LVMH (France), Mulberry (U.K.), PRADA KOREA LLC (Italy).
Market Taxonomy
By Application
• Shopping
• Casual Every Day
• Laptop
• Sports
• Business and Travel
• Personalized
By Material
• Canvas
• Embellished
• By Fabric
• Leather
Global Tote Bags Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Tote Bags Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Tote Bags Market, By Material
5.1 Y-o-Y Growth Comparison, By Material
5.2 Global Tote Bags Market Share Analysis, By Material
5.3 Global Tote Bags Market Size and Forecast, By Material
5.3.1 Canvas
5.3.2 Embellished
5.3.3 By Fabric
5.3.4 Leather
5.3.5 Faux Leather
5.3.6 Nylon
5.3.7 Polyvinyl Chloride (PVC)
5.3.8 Jute
5.3.9 Cloth
6 Global Tote Bags Market, By Pattern
6.1 Y-o-Y Growth Comparison, By Pattern
6.2 Global Tote Bags Market Share Analysis, By Pattern
6.3 Global Tote Bags Market Size and Forecast, By Pattern
6.3.1 Printed
6.3.2 Textured
6.3.3 Solid
7 Global Tote Bags Market, By Size
7.1 Y-o-Y Growth Comparison, By Size
7.2 Global Tote Bags Market Share Analysis, By Size
7.3 Global Tote Bags Market Size and Forecast, By Size
7.3.1 Large
7.3.2 Medium
7.3.3 Small
8 Global Tote Bags Market, By Application
8.1 Y-O-Y Growth Comparison, By Application
8.2 Global Tote Bags Market Share Analysis, By Application
8.3 Global Tote Bags Market Size and Forecast, By Application
8.3.1 Shopping
8.3.2 Casual Every Day
8.3.3 Laptop
8.3.4 Sports
8.3.5 Business and Travel
8.3.6 Personalized
9 Global Tote Bags Market, By Price Range
9.1 Y-O-Y Growth Comparison, By Price Range
9.2 Global Tote Bags Market Share Analysis, By Price Range
9.3 Global Tote Bags Market Size and Forecast, By Price Range
9.3.1 High
9.3.2 Medium
9.3.3 Low
10 Global Tote Bags Market, By Distribution Channel
10.1 Y-O-Y Growth Comparison, By Distribution Channel
10.2 Global Tote Bags Market Share Analysis, By Distribution Channel
10.3 Global Tote Bags Market Size and Forecast, By Distribution Channel
10.3.1 Online Stores
10.3.2 Offline Stores
11 Global Tote Bags Market, By Region
11.1 Global Tote Bags Market Share Analysis, By Region
11.2 Global Tote Bags Market Share Analysis, By Region
11.3 Global Tote Bags Market Size and Forecast, By Region
12 North America Tote Bags Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 North America Tote Bags Market Share Analysis, By Material
12.3 North America Tote Bags Market Size and Forecast, By Pattern
12.4 North America Tote Bags Market Size and Forecast, By Size
12.5 North America Tote Bags Market Size and Forecast, By Application
12.6 North America Tote Bags Market Size and Forecast, By End-Use
12.7 North America Tote Bags Market Size and Forecast, By Distribution Channel
12.8 North America Tote Bags Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13 Europe Tote Bags Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Europe Tote Bags Market Share Analysis, By Material
13.3 Europe Tote Bags Market Size and Forecast, By Pattern
13.4 Europe Tote Bags Market Size and Forecast, By Size
13.5 Europe Tote Bags Market Size and Forecast, By Application
13.6 Europe Tote Bags Market Size and Forecast, By Price Range
13.7 Europe Tote Bags Market Size and Forecast, By Distribution Channel
13.8 Europe Tote Bags Market Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4. Rest of Europe
14 Asia Pacific Tote Bags Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Asia Pacific Tote Bags Market Share Analysis, By Material
14.3 Asia Pacific Tote Bags Market Size and Forecast, By Pattern
14.4 Asia Pacific Tote Bags Market Size and Forecast, By Size
14.5 Asia Pacific Tote Bags Market Size and Forecast, By Application
14.6 Asia Pacific Tote Bags Market Size and Forecast, By Price Range
14.7 Asia Pacific Tote Bags Market Size and Forecast, By Distribution Channel
14.8 Asia Pacific Tote Bags Market Size and Forecast, By Country
14.8.1 China
14.8.2 Japan
14.8.3 India
14.8.4. Rest of Asia Pacific
15 Latin America Tote Bags Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Latin America Tote Bags Market Share Analysis, By Material
15.3 Latin America Tote Bags Market Size and Forecast, By Pattern
15.4 Latin America Tote Bags Market Size and Forecast, By Size
15.5 Latin America Tote Bags Market Size and Forecast, By Application
15.6 Latin America Tote Bags Market Size and Forecast, By Price Range
15.7 Latin America Tote Bags Market Size and Forecast, By Distribution Channel
15.8 Latin America Tote Bags Market Size and Forecast, Country
15.8.1. Brazil
15.8.2. Rest of Latin America
16 Middle East Tote Bags Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Middle East Tote Bags Market Share Analysis, By Material
16.3 Middle East Tote Bags Market Size and Forecast, By Pattern
16.4 Middle East Tote Bags Market Size and Forecast, By Size
16.5 Middle East Tote Bags Market Size and Forecast, By Application
16.6 Middle East Tote Bags Market Size and Forecast, By Price Range
16.7 Middle East Tote Bags Market Size and Forecast, By Distribution Channel
16.8 Middle East Tote Bags Market Size and Forecast, By Country
16.8.1. Saudi Arabia
16.8.2. UAE
16.8.3. Egypt
16.8.4. Kuwait
16.8.5. South Africa
17 Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 Burberry (U.K.)
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2 Capri Holdings Limited (U.S.)
18.2.1 Overview
18.2.2 Offerings
