Backpack market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Backpack Market
The backpack market size was valued at USD 15.90 billion in 2023, and the market is now projected to grow from USD 17.21 billion in 2023 to USD 31.38 billion by 2030, exhibiting a CAGR of 8.96% during the forecast period of 2023-2030.
Measures that different governments put in place to stop the spread of the virus has led to countries sealing their borders, business most especially of the small scale closing down, people practicing social distancing among others due to the COVID-19 pandemic. These restrictions mean that the work, sports, traveling, and tourism almost came to a standstill and severely affected the growth of the market. Thus, due to the change in consumers’ preferences, the demand for bags was significantly reduced. However, due to COVID restrictions that caused limitations on people’s mobility, they traveled less, and their daily errands were significantly diminished, leading to a lesser need for bags. Thus, leading to a decline in backpack market growth.
The changes in the mobile population of the people has further increased the significance of improved technical characteristics in the product. The increase in mobility for work, schools and even vacation is as a result of an expansion in the level of urbanization. Therefore, several designs and breakthroughs make travelling more convenient. The mobile lifestyle is prevalent because of an increase in the disposable income of people in urban areas and developments in the infrastructure. Due to business and other essential activities that require the use of technology, or the need to travel, many people, entail the use of bags daily. Consumer-centric product development trend is on the increase; for instance, smart backpacks which product owners like Samsonite IP Holdings S. AR. L. Due to the increasing technical requirement, various brands, the specialty brands and the new entrants like Boardsports and Adidas are planning and manufacturing the products as per the consumer requirement. These factors drive the backpack market share.
The dynamics in the trends as well as the ongoing innovations in the world are equally altering the expectation of people of all ages. Today it is heard that bags and luggage products are developed according to consumers’ needs. Nowadays, designs are versatile and connected to emphasize on preferences for fashionable clothing, looks, and the requirements of consumers. Due to the improvement in the telecommuting employment, professionals have embraced the staycation industry. This has also boosted market development as people require electronics, documents, and accessories to be carried.
Comprehensive Analysis of Backpack Market
The backpack market and consumer goods industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the metals & minerals industry. These segmentations are methodically segregated By Product Type Analysis, By Material Analysis and By Distribution Channel Analysis. Accordingly, by classification based on the type of products, the market can be divided into traveling, hiking/camping, as well as others. The segment with high market share is the travelling as there are many compartments and pockets into the design of the backpacks to cost different equipment such as electronics, passport, water bottle, and others. The market classification by material is nylon, polyester, and others. Out of the various segments, the nylon segment has a higher market share and is projected to grow with a noteworthy CAGR in the coming years. All the synthetic polymers that are described as nylon can be turned into various fibers as far as the whole family of synthetic polymers is concerned. Nylon is water proof, this fabric is among the most hardy that can handle difficult terrains without much harm. As for the segmentation based on distribution channel, there are online, and offline distribution channels. This segment has the market share of the highest value in the offline channel group. Offline medium includes hypermarkets/supermarkets, specialty stores, and others. These formats are usually large stores that are engaged in the sale of all sorts of goods, including different brands.
According analysis, it is pointed that the North America is the largest backpack market share. This could be either for business or work, or study purposes or even just for a holiday more people in the North America region normally travel domestically or internationally. Due to the higher disposable income of individuals and the presence of required top infrastructure facilities for travel & tourism, schools and universities, the travel has been found convenient in U. S. and Canada hence accelerating the market growth.
The top players in the market play a crucial role in the metals & minerals industry assuring industrial prospectus growth and setting market standards. These players include, 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) and Safari (India).
In January 2023, BTS and Samsonite jointly released the products of travel – Traveler series, including a backpack, luggage, mini crossbody bag, and expandable bag, pouch bag, and three-piece luggage tag set.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 8.96% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Product Type
Travel
Hiking/Camping
Others
By Material
Nylon
Polyester
Others
By Distribution Channel
Online Channel
Offline Channel
North America (By Product Type, Material, Distribution Channel, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Mexico (By Product Type)
Europe (By Product Type, Material, Distribution Channel, and Country)
- Germany (By Product Type)
- U.K. (By Product Type)
- France (By Product Type)
- Italy (By Product Type)
- Spain (By Product Type)
- Rest of Europe (By Product Type)
Asia Pacific (By Product Type, Material, Distribution Channel, and Country)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- Australia (By Product Type)
- Rest of Asia Pacific (By Product Type)
South America (By Product Type, Material, Distribution Channel, and Country)
- Brazil (By Product Type)
- Argentina (By Product Type)
- Rest of South America (By Product Type)
Middle East & Africa (By Product Type, Material, Distribution Channel, and Country)
- South Africa (By Product Type)
- UAE (By Product Type)
- Rest of Middle East & Africa (By Product Type)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Regulatory Analysis
- 4.3. Industry SWOT Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Impact of COVID on Supply Chain of Backpack Market
- 4.5.1. Impact of COVID-19
- 4.5.2. Supply Chain Challenges
- 4.5.3. Potential Opportunities due to COVID-19
- 5. Global Backpack Market Analysis, Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product Type (Value)
- 5.2.1.1. Travel Backpack
- 5.2.1.2. Hiking/Camping Backpack
- 5.2.1.3. Others
- 5.2.2. By Material (Value)
- 5.2.2.1. Nylon
- 5.2.2.2. Polyester
- 5.2.2.3. Others
- 5.2.3. By Distribution Channel
- 5.2.3.1. Online
- 5.2.3.2. Offline
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Backpack Market Analysis, Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product Type (Value)
- 6.2.1.1. Travel Backpack
- 6.2.1.2. Hiking/Camping Backpack
- 6.2.1.3. Others
- 6.2.2. By Material (Value)
- 6.2.2.1. Nylon
- 6.2.2.2. Polyester
- 6.2.2.3. Others
- 6.2.3. By Distribution Channel
- 6.2.3.1. Online
- 6.2.3.2. Offline
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S
- 6.2.4.1.1. By Product Type (Value)
- 6.2.4.1.1.1. Travel Backpack
- 6.2.4.1.1.2. Hiking/Camping Backpack
- 6.2.4.1.1.3. Others
- 6.2.4.2. Canada
- 6.2.4.2.1. By Product Type (Value)
- 6.2.4.2.1.1. Travel Backpack
- 6.2.4.2.1.2. Hiking/Camping Backpack
- 6.2.4.2.1.3. Others
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Product Type (Value)
- 6.2.4.3.1.1. Travel Backpack
- 6.2.4.3.1.2. Hiking/Camping Backpack
- 6.2.4.3.1.3. Others
- 7. Europe Backpack Market Analysis, Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product Type (Value)
- 7.2.1.1. Travel Backpack
- 7.2.1.2. Hiking/Camping Backpack
- 7.2.1.3. Others
- 7.2.2. By Material (Value)
- 7.2.2.1. Nylon
- 7.2.2.2. Polyester
- 7.2.2.3. Others
- 7.2.3. By Distribution Channel
- 7.2.3.1. Online
- 7.2.3.2. Offline
- 7.2.4. By Country (Value)
- 7.2.4.1. U.K.
- 7.2.4.1.1. By Product Type (Value)
- 7.2.4.1.1.1. Travel Backpack
- 7.2.4.1.1.2. Hiking/Camping Backpack
- 7.2.4.1.1.3. Others
- 7.2.4.2. France
- 7.2.4.2.1. By Product Type (Value)
- 7.2.4.2.1.1. Travel Backpack
- 7.2.4.2.1.2. Hiking/Camping Backpack
- 7.2.4.2.1.3. Others
- 7.2.4.3. Germany
- 7.2.4.3.1. By Product Type (Value)
- 7.2.4.3.1.1. Travel Backpack
- 7.2.4.3.1.2. Hiking/Camping Backpack
- 7.2.4.3.1.3. Others
- 7.2.4.4. Italy
- 7.2.4.4.1. By Product Type (Value)
- 7.2.4.4.1.1. Travel Backpack
- 7.2.4.4.1.2. Hiking/Camping Backpack
- 7.2.4.4.1.3. Others
- 7.2.4.5. Spain
- 7.2.4.5.1. By Product Type (Value)
- 7.2.4.5.1.1. Travel Backpack
- 7.2.4.5.1.2. Hiking/Camping Backpack
- 7.2.4.5.1.3. Others
- 7.2.4.6. Rest of Europe
- 7.2.4.6.1. By Product Type (Value)
- 7.2.4.6.1.1. Travel Backpack
- 7.2.4.6.1.2. Hiking/Camping Backpack
- 7.2.4.6.1.3. Others
- 8. Asia Pacific Backpack Market Analysis, Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Product Type (Value)
- 8.2.1.1. Travel Backpack
- 8.2.1.2. Hiking/Camping Backpack
- 8.2.1.3. Others
- 8.2.2. By Material (Value)
- 8.2.2.1. Nylon
- 8.2.2.2. Polyester
- 8.2.2.3. Others
- 8.2.3. By Distribution Channel
- 8.2.3.1. Online
- 8.2.3.2. Offline
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.1.1. By Product Type (Value)
- 8.2.4.1.1.1. Travel Backpack
- 8.2.4.1.1.2. Hiking/Camping Backpack
- 8.2.4.1.1.3. Others
- 8.2.4.2. Japan
- 8.2.4.2.1. By Product Type (Value)
- 8.2.4.2.1.1. Travel Backpack
- 8.2.4.2.1.2. Hiking/Camping Backpack
- 8.2.4.2.1.3. Others
- 8.2.4.3. India
- 8.2.4.3.1. By Product Type (Value)
- 8.2.4.3.1.1. Travel Backpack
- 8.2.4.3.1.2. Hiking/Camping Backpack
- 8.2.4.3.1.3. Others
- 8.2.4.4. Australia
- 8.2.4.4.1. By Product Type (Value)
- 8.2.4.4.1.1. Travel Backpack
- 8.2.4.4.1.2. Hiking/Camping Backpack
- 8.2.4.4.1.3. Others
- 8.2.4.5. Rest of Asia Pacific
- 8.2.4.5.1. By Product Type (Value)
- 8.2.4.5.1.1. Travel Backpack
- 8.2.4.5.1.2. Hiking/Camping Backpack
- 8.2.4.5.1.3. Others
- 9. South America Backpack Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Product Type (Value)
- 9.2.1.1. Travel Backpack
- 9.2.1.2. Hiking/Camping Backpack
- 9.2.1.3. Others
- 9.2.2. By Material (Value)
- 9.2.2.1. Nylon
- 9.2.2.2. Polyester
- 9.2.2.3. Others
- 9.2.3. By Country (Value)
- 9.2.3.1. Brazil
- 9.2.3.1.1. By Product Type (Value)
- 9.2.3.1.1.1. Travel Backpack
- 9.2.3.1.1.2. Hiking/Camping Backpack
- 9.2.3.1.1.3. Others
- 9.2.3.2. Argentina
- 9.2.3.2.1. By Product Type (Value)
- 9.2.3.2.1.1. Travel Backpack
- 9.2.3.2.1.2. Hiking/Camping Backpack
- 9.2.3.2.1.3. Others
- 9.2.3.3. Rest of South America
- 9.2.3.3.1. By Product Type (Value)
- 9.2.3.3.1.1. Travel Backpack
- 9.2.3.3.1.2. Hiking/Camping Backpack
- 9.2.3.3.1.3. Others
- 10. Middle East & Africa Backpack Market Analysis, Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Product Type (Value)
- 10.2.1.1. Travel Backpack
- 10.2.1.2. Hiking/Camping Backpack
- 10.2.1.3. Others
- 10.2.2. By Material (Value)
- 10.2.2.1. Nylon
- 10.2.2.2. Polyester
- 10.2.2.3. Others
- 10.2.3. By Distribution Channel
- 10.2.3.1. Online
- 10.2.3.2. Offline
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.1.1. By Product Type (Value)
- 10.2.4.1.1.1. Travel Backpack
- 10.2.4.1.1.2. Hiking/Camping Backpack
- 10.2.4.1.1.3. Others
- 10.2.4.2. UAE
- 10.2.4.2.1. By Product Type (Value)
- 10.2.4.2.1.1. Travel Backpack
- 10.2.4.2.1.2. Hiking/Camping Backpack
- 10.2.4.2.1.3. Others
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By Product Type (Value)
- 10.2.4.3.1.1. Travel Backpack
- 10.2.4.3.1.2. Hiking/Camping Backpack
- 10.2.4.3.1.3. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Backpack Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Adidas AG
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Under Armor Inc.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Patagonia Inc.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Puma SE
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Wildcraft
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Samsonite IP Holdings S.AR.L
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Dakine Inc.
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Deuter Sport GmbH
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Moët Hennessy Louis Vuitton (LVMH )
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Safari
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
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