Active Backpack Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Nike Inc., Adidas AG, VF Corporation, Puma SE, Under Armour Inc

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Active Backpack Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $9.07 billion In 2028 At A CAGR Of 9.1%.

The active backpack market size has grown strongly in recent years. It will grow from $5.88 billion in 2023 to $6.39 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increased urbanization and travel, increased prevalence of hiking and outdoor activities, advances in material science and manufacturing processes, increased disposable income of urban residents, increased focus on health and fitness.

The active backpack market size is expected to see strong growth in the next few years. It will grow to $9.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to rising emphasis on health, increasing emphasis on eco-friendly and sustainable materials, booming e-commerce sector, rise of niche markets, growing global connectivity and accessibility. Major trends in the forecast period include integration of smart and connected features, innovative price point segmentation, rise in customization and personalization of active backpacks, active backpacks designed for multi-functionality and versatility, backpacks designed for people with disabilities or specific physical limitations.

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Active Backpack Market Major Segments
The active backpack market covered in this report is segmented -

1) By Type: Hiking Or Trekking, Camping And Travelling, Sports
2) By Size: Less Than 10L, 10L-20L, 20L-40L
3) By Price Point: Under $50, $51-$100, $101-$150, $151-$200, $201-$250, Above $250
4) By Distribution Channel: Specialty Stores, Retail Stores, Online

Key Driver - Surge In Recreational Activities Fuels Growth Of Active Backpack Market

The increasing recreational activities are expected to propel the growth of the active backpack market going forward. 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. Since March 2020, the outdoor participation base has increased by 6.9%. A net increase of 3.5 million more people participated in outdoor activity in 2021. Additionally, a record 6.8 million Americans participated in outdoor activities for the first time in 2021. Therefore, increasing recreational activities are driving the growth of the active backpack market.

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Prominent Trend - Key Player Collaborations For Product Innovation Enhance The Active Backpack Market Growth

Product innovation has emerged as a key trend gaining popularity in the active backpack market. 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.

Active Backpack Market Players
Major companies operating in the active backpack market report are Nike Inc., Adidas AG, VF Corporation, Puma SE, Under Armour Inc., Columbia Sportswear Company, Samsonite IP Holdings S.AR.L, The North Face, Arcteryx, Jack Wolfskin, Patagonia Inc.209.1, CamelBak Products LLC, Herschel Supply Co., V.I.P. Industries Limited, JanSport Inc., Kelty, Ogio, Deuter Sport GmbH, Nomatic LLC, Tortuga Backpacks, Mountainsmith, WANDRD Gear, Aer Designs LLC, Eume World, Peak Design, Wildcraft India Private Limited, Dakine IP Holdings LP, Mystery Ranch Backpacks, Matein Backpack, Xiangxing (Fujian) Bag & Luggage Group Co. Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the active backpack market in 2023. The regions covered in the active backpack market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Active Backpack Market Report Structure
3. Active Backpack Market Trends And Strategies
4. Active Backpack Market - Macro Economic Scenario
5. Active Backpack Market Size And Growth
…..
27. Active Backpack Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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