Canvas Bags Market Size, Top Trends, Outlook Report To 2024 To 2033

The new report published by The Business Research Company, titled Canvas Bags Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the canvas bags market size has grown strongly in recent years. It will grow from $0.99 billion in 2023 to $1.05 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The canvas bags market size is expected to see strong growth in the next few years. It will grow to $1.33 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.

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E-commerce Industry's Influence on Canvas Bags Market Growth
The expansion of the e-commerce industry is expected to propel the growth of the canvas bags market going forward. The e-commerce industry encompasses the buying and selling of goods and services over the internet. The expansion of the e-commerce industry is due to convenience, vast product selection, competitive pricing, ease of comparison, and personalized shopping experiences. Canvas bags are valuable assets for e-commerce companies, providing practical benefits in packaging, promotion, customer engagement, and sustainability while contributing to a positive brand image. For instance, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the first quarter of 2024 was $289.2 billion, an increase of 2.1 percent (±0.7%) from the fourth quarter of 2023. Therefore, the expansion of the e-commerce industry is driving the growth of the canvas bags market.

Interconnection Between Textile Industry Growth and Canvas Bags Market Expansion

The expansion of textile industry is expected to propel the growth of the canvas bags market going forward. The textile industry encompasses all aspects of producing and processing fibers, yarns, fabrics, and finished textile products. The textile industry is growing with population and urbanization, economic development, and fashion trends. Canvas bags are helpful in the textile industry for packaging, promotion, storage, transport, and for showcasing sustainability. For instance, according to the Textile Machinery Manufacturers Association, an India-based association of textile manufacturers, exports of textiles and apparel from India reached US$ 44.4 billion in 2022, marking a 41% year-over-year (YoY) increase. Therefore, the textile industry's expansion is driving the canvas bag market's growth.

Innovative Offerings In The Canvas Bags Market
Major companies operating in the canvas bags market are developing tote bags to cater to the increasing demand for eco-friendly and versatile bags. Tote bags refer to large, versatile bags with parallel handles that are used for shopping, carrying everyday items, or as fashion accessories. For instance, in October 2023, SANVT, a Germany-based fashion company, launched SANVT canvas tote bags. It is made from 100% certified organic cotton and features a robust 310 GSM panama weave. The bag is designed to be long-lasting and versatile, with a laptop pocket, a clip-on pocket for coins and keys, and an outside bottle carrier. The canvas tote bag is available in a navy color and measures 45 x 35 x 12cm. It is made in Poland and pre-washed to ensure durability.

The canvas bags market covered in this report is segmented -

1) By Type: Backpack, Canvas Sling Bag, Canvas Tote Bag, Grocery Bag, Gift Bag, Beach Bag, Other Types
2) By Weight: Less Than 5 Ounce (oz), 6 To 10 Ounce (oz), 11 To 15 Ounce (oz), 16 To 20 Ounce (oz), More Than 20 Ounce (oz)
3) By End-User: Shopping, Travelling, Office, Schools Or Colleges, Other End-Users

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Major companies operating in the canvas bags market are Titan Company Limited, Patagonia Inc., Herschel Supply Company, C.C. Filson Co., Timbuk2, Qwstion, Union Wear, LBU Inc., Topo Designs, Duluth Pack, Cross Canvas Company, Landes, Baggu, A. Smith & Son Inc., Earthyy Bags, Blivus Bags Private Limited, Tarps Now, Trakke, Mismo Copenhagen, Korchmar, United By Blue

Contents of the report:
1. Executive Summary
2. Canvas Bags Market Report Structure
3. Canvas Bags Market Trends And Strategies
4. Canvas Bags Market - Macro Economic Scenario
5. Canvas Bags Market Size And Growth
…..
27. Canvas Bags Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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