Bags Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Backpacks, Drawstring, Handbags, Wallets & Purses, Gym Bags, Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, Others), By Region, By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 58.50 Billion
CAGR (2026-2031)	6.14%
Fastest Growing Segment	Online
Largest Market	Asia Pacific
Market Size (2031)	USD 83.64 Billion

Market Overview

The Global Bags Market will grow from USD 58.50 Billion in 2025 to USD 83.64 Billion by 2031 at a 6.14% CAGR. The Global Bags Market encompasses a diverse range of carrying solutions, including handbags, backpacks, luggage, and wallets, manufactured from materials such as leather, textiles, and synthetic composites. The primary drivers supporting market growth include the robust resurgence of the global travel and tourism sector, which directly stimulates demand for luggage and travel accessories. Additionally, rapid urbanization and increasing disposable incomes in emerging economies have necessitated functional yet aesthetic products for the expanding corporate workforce. These fundamental economic factors provide a stable foundation for industry expansion, distinct from transient design trends.

However, the market faces a significant challenge arising from macroeconomic instability and fluctuating consumer purchasing power. High inflation and geopolitical uncertainties often compel consumers to reduce discretionary spending on non-essential accessories, thereby dampening sales volumes. This volatility is evident in recent trade data from major manufacturing hubs. According to Assopellettieri, in 2024, exports of Italian leather goods registered a decline of 9.7 percent in value during the first nine months compared to the previous year. Such contractions underscore the vulnerability of the global market to broader economic downturns.

Key Market Drivers

The resurgence and expansion of the travel and tourism industry serves as a critical catalyst for the Global Bags Market, specifically driving demand for luggage, backpacks, and travel accessories. As international mobility recovers, consumers are investing in durable and high-capacity travel gear to accommodate long-haul journeys and business trips. This trend is heavily reflected in the financial performance of major market players who specialize in travel solutions and are capitalizing on renewed passenger traffic. According to Samsonite International S.A., August 2024, in the 'Interim Report 2024', the group reported that net sales for the six months ended June 30, 2024, increased by 2.8 percent on a constant currency basis to reach US$1,768.6 million compared to the previous year. This sustained revenue growth indicates that travelers are prioritizing quality and brand reputation as essential components of their travel experience.

Concurrently, increasing consumer appetite for luxury and premium fashion continues to propel market value, particularly within the handbag and leather goods segment. High-net-worth individuals and aspirational consumers remain willing to invest in high-end accessories, viewing them as status symbols and long-term investments despite broader economic pressures. This resilience in the high-end sector is evident in recent corporate earnings from top-tier manufacturers. According to Hermès International, October 2024, in the 'Activity at the end of September 2024' press release, the Leather Goods and Saddlery division posted a robust 17 percent growth in constant exchange rates for the first nine months of the year. While the luxury segment thrives, the broader manufacturing landscape also shows significant activity to meet global demand. According to the General Department of Customs of Vietnam, in 2024, exports of handbags, suitcases, and related accessories from Vietnam reached approximately US$950 million during the first quarter, highlighting the robust production volumes supporting this global consumption.

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Key Market Challenges

Macroeconomic instability and fluctuating consumer purchasing power constitute a formidable barrier to the continued expansion of the Global Bags Market. When global economies experience high inflation or geopolitical uncertainty, consumer confidence typically deteriorates, leading to an immediate contraction in discretionary spending. High-quality bags, luggage, and leather accessories are often categorized as non-essential luxury items; consequently, during periods of financial pressure, consumers postpone these purchases in favor of essential goods. This behavioral shift forces retailers to reduce inventory orders, causing a deceleration in production across the entire supply chain.

This negative trend is empirically demonstrated by recent performance metrics from key Western European manufacturing hubs. According to Alliance France Cuir, in the first nine months of 2025, total exports from the French leather industry registered a decline of 3 percent compared to the same period in the previous year. This contraction was primarily driven by weakening demand from major consumption markets, including the United States and Asia. Such data confirms that broad economic volatility directly restricts market revenue and hampers international trade volumes for carrying solutions.

Key Market Trends

The Expansion of Resale and Circular Business Models is fundamentally reshaping consumer acquisition behaviors in the Global Bags Market, transitioning the sector from a linear consumption model to a circular ecosystem. This trend is driven by a growing preference for investment-grade accessories and the destigmatization of pre-owned luxury, prompting consumers to view handbags as tradable assets rather than mere consumables. High-quality inventory is increasingly circulating through specialized digital platforms, which not only extend product lifecycles but also democratize access to premium goods for aspirational buyers. This shift is substantiated by robust demand for accessible luxury segments; according to The RealReal, August 2024, in the '2024 Luxury Resale Report', buyer growth for handbags priced between US$1,000 and US$3,000 increased by 13 percent compared to the previous year, highlighting the secondary market's critical role in sustaining engagement during periods of economic fluctuation.

Simultaneously, the Adoption of Plant-Based and Bio-Fabricated Materials is revolutionizing manufacturing processes as brands actively seek sustainable alternatives to traditional animal leathers and petrochemical-based synthetics. Material innovation has moved beyond niche experimentation to scalable production, utilizing agricultural waste and lab-grown structures like mycelium to create high-performance textiles that meet rigorous durability standards. This technological evolution is attracting substantial capital, enabling manufacturers to integrate these eco-centric materials into their core supply chains to satisfy regulatory pressures and ethical consumer demands. According to the Material Innovation Initiative, March 2024, in the 'State of the Industry Report: Next-Gen Materials', total investment in next-generation material companies reached US$504 million, signaling strong financial confidence in the commercial viability of these bio-based solutions for the carrying solutions industry.

Segmental Insights

Market analysis indicates that the Online segment is the fastest-growing distribution channel in the Global Bags Market. This expansion is primarily driven by rising global internet penetration and the increasing proliferation of e-commerce platforms. Consumers are gravitating toward digital channels due to the convenience of home delivery and the ability to access a broader range of products than typically found in brick-and-mortar stores. Furthermore, the influence of social media marketing and seamless mobile shopping experiences is playing a crucial role in accelerating this shift in purchasing behavior across diverse consumer demographics.

Regional Insights

Asia Pacific holds the leading position in the global bags market, driven by rapid urbanization and rising disposable incomes in emerging economies like China and India. The region benefits from established manufacturing capabilities and the abundant availability of raw materials, which support cost-effective production. Additionally, the expanding tourism sector and a growing corporate workforce fuel the demand for luggage and business bags. The substantial student population further contributes to the high consumption of backpacks. Consequently, these economic and demographic factors collectively establish Asia Pacific as the dominant regional market.

Recent Developments

• In November 2025, Herschel Supply Co. unveiled a limited-edition luggage collection in collaboration with a global condiment leader. The range featured hardshell suitcases in a signature "ketchup red" color, incorporating playful design elements such as "tear here" visuals and a dedicated pocket for condiment packets. Constructed from 70% recycled polycarbonate, the collection balanced durability with a unique brand storytelling approach, targeting younger travelers who prioritize style and novelty. The launch highlighted a strategic move to blend functional travel gear with iconic pop culture imagery, enhancing brand visibility in the lifestyle accessory market.
• In April 2025, Mondi partnered with a specialty chemicals company to launch a recyclable paper bag designed for packaging chemical powders. This breakthrough innovation replaced traditional plastic-coated layers with a high-porosity kraft paper solution, achieving a 30% reduction in packaging weight and a significantly lower carbon footprint. The two-ply bag utilized a spot-coating technique to ensure a secure seal while maintaining full recyclability in existing fiber streams. This development addressed the industrial need for sustainable packaging that withstands vacuum filling processes and effectively protects sensitive products like fumed silica during transport.
• In May 2024, Rimowa introduced a limited-edition collaboration with a New York-based lifestyle label, drawing inspiration from the golden age of travel. The release included a cabin suitcase and a unique chest piece, both crafted in a signature green hue with gold-plated hardware. Paying homage to a 1964 archival trunk, the design featured brown leather handles and a bespoke nylon lining printed with ancient Greek stamp iconography. This launch combined German engineering with nostalgic elegance, targeting travelers who value both heritage craftsmanship and modern streetwear aesthetics in their luxury luggage choices.
• In April 2024, Samsonite collaborated with a premium fashion brand to launch the "Departures" campaign, unveiling a new aluminum luggage capsule collection. The range featured high-quality suitcases embellished with a signature anodized monogram pattern in a tone-on-tone black finish, designed to appeal to fashion-forward travelers. Each piece included co-branded leather handles and a soft-textured interior lining in a distinctive camel color, merging durable engineering with sophisticated tailoring aesthetics. The collection offered multiple sizes, including a trunk and cabin bag, aiming to elevate the travel experience through a blend of premium materials and functional innovation.

Key Market Players

• Berry Global
• Mondi Group
• Ampac Holdings, LLC
• International Plastics Inc.
• BioBag International AS
• Smurfit Kappa
• WestRock Company
• BillerudKorsnas
• Huhtamaki Oyj.
• Fischer Bag Company

By Product Type	By Sales Channel	By Region
Backpacks Drawstring Handbags Wallets & Purses Gym Bags Others	Supermarkets/Hypermarkets Convenience Stores Specialty Stores Online Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Bags Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Bags Market, By Product Type:

• Backpacks
• Drawstring
• Handbags
• Wallets & Purses
• Gym Bags
• Others

• Bags Market, By Sales Channel:

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

• Bags Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE