Asia-Pacific Handbag Market Databank
The Handbag market was valued at $47,530.0 Million in 2020, and is projected to reach $97,974.1 Million by 2029 growing at a CAGR of 8.41% from 2021 to 2029. Tote Bag segment is expected to be the highest contributor to this market, with $20,483.3 Million in 2020, and is anticipated to reach $42,376.0 Million by 2029, registering a CAGR of 8.45%. Tote Bag and Clutch segments collectively expected to account for about 64.8% share of the Handbag market in 2020, with the former constituting around 43.1% share. Tote Bag and Satchel segments are expected to witness significant growth rates at a CAGR of 8.45% and 8.45% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 62.7% in the overall Handbag market in 2020, and is anticipated to reach 62.9% by 2029.
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