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Backpack Market Analysis 2023-2032: Trends, Size, Share And Forecast | Under Armour Inc., Nike Inc., Adidas AG, Dakine IP Holdings LP, Samsonite IP Holdings S.àr.l
Backpack Market
Backpack Market Size, Growth Rate, And Forecast
The global backpack market is expected to grow from $18.56 billion in 2022 to $19.60 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The backpack market is expected to grow to $23.96 billion in 2027 at a CAGR of 5.1%.
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Backpack Market Drivers
Increasing travel and recreational activities are expected to propel the growth of the backpack market going forward. Recreation encompasses all of the activities that people engage in to refresh their bodies and minds and make their leisure time more interesting and enjoyable.
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Backpack Market Segments
• By Type: Work Bags, Sports and Recreation Bags, Travel Bags, Other Types
• By Material: Cotton, Leather, Nylon, Other Materials
• By Distribution Channel: Supermarket or Hypermarket, Convenience Stores, Online Stores, Other Distribution Channels
• By End-Use: Commercial, Individual, Other End-Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Backpack market.
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Backpack Market Key Players
Major competitors in the backpack market include Under Armour Inc., Nike Inc., Adidas AG, Dakine IP Holdings LP, Samsonite IP Holdings S.àr.l., VF Outdoor LLC, V.I.P. Industries Limited, Wildcraft India Private Limited.
The Business Research Company's "Global Backpack Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Backpack Market Include:
1. Executive Summary
2. Backpack Market Characteristics
3. Backpack Market Trends And Strategies
4. Backpack Market - Macro Economic Scenario
5. Backpack Market Size And Growth
……
26. Africa Backpack Market
27. Backpack Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Backpack Market
29. Backpack Market Future Outlook and Potential Analysis
30. Appendix
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