Bags Market Seen Soaring 8.78% Growth to Reach USD billion by 2033, Projects UnivDatos.

Key Highlights of the Report:

• The expansion of travel and tourism significantly fuels the worldwide bag market, increasing demand for items like luggage, backpacks, duffel bags, and travel accessories.

• The tote bags segment currently dominates the global bags market in terms of product type, due to its versatility, strong demand in both casual and professional environments, and rising popularity among urban consumers.

• The Asia-Pacific region leads the global bags market because of robust manufacturing, expanding retail stores, and a growing number of consumers.

• Some major players running in the market include Louis Vuitton Malletier SAS (LVMH), Nike, Chanel, KATE SPADE LLC. (Tapestry, Inc.), The North Face (VF Corporation), Prada S.p.A., Samsonite Group S.A. (CVC Capital Partners), Guccio Gucci S.p.A. (Kering), Michael Kors, and Hermès.

According to a new report by UnivDatos, the bags market is expected to reach USD billion in 2033 by growing at a CAGR of 8.78%.

The global bags market is steadily growing, driven by increasing consumer spending, shifting fashion trends, and increased mobility among professionals and students. Handbags, backpacks, luggage, and specialty bags are thriving due to lifestyle changes, travel recovery, and rising urbanization. Digital retail channels and influencer-led marketing have significantly increased brand reach, particularly among younger audiences. Eco-friendly materials and minimalist designs are trending, promoting brands to innovate sustainably. Premium and luxury segments are also becoming more popular as consumers look for durable craftsmanship. Furthermore, growing middle-class populations in emerging economies fuel the market growth.

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Growth in Travel & Tourism

Growth in travel and tourism is a key driver of the global bag market, greatly increasing demand across various categories, including luggage, backpacks, duffel bags, and travel accessories. For example, according to the UN Tourism report, between January and June 2025, approximately 690 million international tourist trips were recorded, which is 33 million more than in the same period in 2024. This rise in travel indicates a strong recovery in global mobility, boosting demand for both functional and stylish travel bags. As people take more trips for business, leisure, and adventure, they seek luggage that is both strong and lightweight, yet versatile, combining practicality with style. Additionally, the rise of weekend getaways and short business trips has raised the need for cabin-friendly luggage and multi-purpose travel bags. Tourism expansion in regions such as the Asia-Pacific, the Middle East, and Europe is also driving premiumization, with travelers preferring stylish, high-quality luggage that looks good and works well. Furthermore, this surge in global adventure tourism has led to higher demand for durable backpacks and outdoor equipment. Overall, this increase in tourism continues to fuel innovation, enhance product quality, and boost volume growth in the worldwide bag industry.

According to the report, the Asia-Pacific held the dominant market share in the Bags Market

Asia-Pacific holds the largest share of the global bags market due to its large manufacturing infrastructure, access to raw materials, and affordable labor. These advantages allow large-scale production for local and international markets. Key manufacturing centers like China, India, Vietnam, and Bangladesh produce a wide variety of textile, leather, and synthetic bags at competitive prices and with faster turnaround times. Rising disposable incomes, growing fashion awareness, and increasing urbanization across APAC further increase demand for handbags, backpacks, luggage, and luxury accessories. The region also benefits from widespread e-commerce adoption and increased travel activity. Furthermore, strategic investments in smart bags, environmentally friendly materials, and creative designs bolster the region's position in the global bags market.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2025−2033.

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis By Product Type, By Price Range, By End-User, By Distribution Channel, and By Region

Competitive Landscape – Top Key Vendors and Other Prominent Vendors