NEW YORK, Oct. 21, 2021 /PRNewswire/ -- The tote bags market size is expected to increase by USD 5.85 billion from 2021 to 2025, registering a CAGR of 5.54%, according to the latest research report from Technavio. The tote bags market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size.
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The market is driven by increased consumer fashion consciousness and spending on personal goods. However, fluctuating operational costs including labor, logistics, and raw material costs will challenge the growth of the market participants.
The tote bags market is segmented by Distribution channels (Offline and Online) and Geography (Europe, APAC, North America, MEA, and South America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The tote bags market covers the following areas:
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Burberry Group Plc
Capri Holdings Ltd.
Compagnie Financière Richemont SA
LVMH Moet Hennessy - Louis Vuitton
Samsonite International SA
Tote Bags Market Scope
Tote Bags Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.54%
Market growth 2021-2025
USD 5.85 billion
YoY growth (%)
Europe, APAC, North America, MEA, and South America
Performing market contribution
APAC at 32%
Key consumer countries
US, China, France, UK, Germany, and Japan
Leading companies, competitive strategies, consumer engagement scope
Burberry Group Plc, Capri Holdings Ltd., Compagnie Financière Richemont SA, Kering SA, LVMH Moet Hennessy - Louis Vuitton, PRADA Group, PVH Corp., Samsonite International SA, Tapestry Inc., and VF Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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