Active Backpack Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Active Backpack Global Market Report 2023 identifies recreational activities as the major driver for the Active Backpack market's growth in the forecast period. Recreational activities refer to leisure activities that are performed outside, usually in natural environments. Active backpacks are versatile and can be used during recreational activities, including hiking, camping, travelling, cycling, running, and jogging. For instance, in January 2022, according to the Outdoor Industry Association, a US-based non-profit organization, in 2021, 164.2 million, or 54% of Americans aged six and older, reported engaging in outdoor recreation at least once.

the global active backpack market is expected to grow from $5.42 billion in 2022 to $5.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.40%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The active backpack market is expected to reach $8.23 billion in 2027 at a CAGR of 8.77%.

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Major competitors in the Active Backpack market are Nike Inc., Adidas AG, VF Corporation, Puma SE, Under Armour Inc., Columbia Sportswear Company, Samsonite IP Holdings S.AR.L.
A key trend in the Active Backpack market includes product innovation. Major market players are focusing on creating innovative products to strengthen their position in the active backpack market. For instance, in May 2021, Yuru Camp Anime, a Japanese manga series written and illustrated by Afro, and the Japanese backpack manufacturer collaborated to create the Yurucamp Ispack Backpack Field Chair. This backpack is the real-life counterpart of the Yurucamp folding field chair featured in the anime. This backpack has a detachable, folding field chair and is perfect for brief rests when trekking long distances. The bag has a 25L capacity and several front pockets to store the required trekking gear. At the top of the bag, the chair's collapsible bars combine and unfold to create plush seats. The hybrid backpack field chair, which is burnt orange with baby-blue accents, can support 220 lbs.

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The Active Backpack market is segmented -
• By Type: Hiking Or Trekking, Camping And Travelling, Sports
• By Size: Less Than 10L, 10L-20L, 20L-40L
• By Price Point: Under $50, $51-$100, $101-$150, $151-$200, $201-$250, Above $250
• By Distribution Channel: Specialty Stores, Retail Stores, Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Active Backpack market.

The Business Research Company's "Global Active Backpack Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Active Backpack Market Include:
1. Active Backpack Market Executive Summary
2. Active Backpack Market Segments
3. Active Backpack Market Size And Active Backpack Market Growth Rate
4. Key Active Backpack Market Trends
5. Major Active Backpack Market Drivers
……
25. Key Mergers And Acquisitions In The Active Backpack Market
26. Top Active Backpack Companies
27. Active Backpack Market Opportunities And Strategies
28. Active Backpack Market, Conclusions And Recommendations
29. Appendix

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