Backpack Market Size was valued at USD 16.3 Billion in 2022. The Backpack market industry is projected to grow from USD 17.8 Billion in 2023 to USD 36.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.30% during the forecast period (2024 - 2032). Increasing travel and tourism, rising outdoor activities, sustainability and eco-friendly initiatives, influence of social media and influencers, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sustainability and eco-friendly practices are becoming increasingly significant in the backpack market as a result of shifting consumer tastes, rising environmental awareness, and corporate responsibility. As environmental issues become more generally recognized, consumers are looking for products that share their values and contribute to a future that is more sustainable. As a result, the backpack industry has changed in favor of eco-friendly practices and materials, which is good for the market. In the past, non-biodegradable materials used to make backpacks, such as common plastics and synthetic fabrics, have contributed to the problem of plastic waste and pollution. The use of eco-friendly materials including hemp, organic cotton, recycled polyester, and other biodegradable materials is rapidly being embraced by manufacturers. These elements reduce the requirement for virgin resources, reduce carbon footprints, and diminish the damaging environmental effects of backpack production.
The usage of environmentally friendly materials and sustainable manufacturing processes is an important factor impacting the market. More than ever, companies are making an effort to consume less water, energy, and trash during production. Due to innovative manufacturing techniques including waterless dyeing, energy-efficient manufacturing, and closed-loop production systems, the creation of backpacks today has a lower environmental impact. Customers are more likely to support sustainable business practices, which raises the demand for eco-friendly backpacks. Additionally, as a result of sustainability and eco-friendly measures, a focus on product longevity and durability has evolved. Customers are choosing durable items as they grow more mindful of "fast fashion" and disposable commodities. As a result, manufacturers are investing more money to create luxury, durable backpacks that can withstand daily usage and guarantee their usability for a long time. This shift toward durable goods reduces the need for frequent replacements and, as a result, lowers the overall demand for new backpacks, assisting in the development of a more sustainable business.
The concept of a circular economy has grown in popularity within the backpack sector as a result of environmental measures. Businesses are considering take-back and recycling programs to entice customers to send back their used backpacks for maintenance or recycling. By using circular business methods, businesses can improve the use of their products and reduce the quantity of waste that is dumped in landfills or the environment. In addition to attracting customers who are concerned about the environment, this tactic aids in business reputation-building and fosters customer loyalty. Sustainability and eco-friendly practices have an impact on consumer behavior and purchasing choices. According to studies and polls, a large fraction of consumers are willing to pay more for products that adhere to their environmental principles. As awareness of climate change and other environmental issues grows, customers are increasingly opting for eco-friendly backpacks because they view them as a useful way to make a difference. This consumer demand generates a market-driven incentive for producers to support sustainable practices and test eco-friendly materials.
Laws and industry standards are pushing the backpack sector toward sustainability. Many countries have implemented rules and incentives to promote eco-friendly production techniques and discourage single-use plastics. Compliance with these regulations gives businesses a competitive edge in the market and is mandated by law in addition to demonstrating their commitment to sustainability. Thus, driving the Backpack market revenue.
The Backpack Market segmentation, based on product type, includes travel, hiking/camping and others. The travel segment dominated the market in 2022. The growth of the worldwide travel and tourist industry is one of the key factors influencing the backpack market's travel segment. As more people travel domestically and internationally, there is a growing need for backpacks that are practical for travel. Backpacks are widely favoured by travelers due to their hands-free design, ergonomic comfort, and ability to contain needs for a range of travel purposes.
The Backpack Market segmentation, based on material, includes nylon, polyester and others. The nylon category generated the most income in 2022 because nylon is extremely durable, it can withstand both everyday use and outdoor activities. It is ideal for backpacks that need to carry heavy loads or endure rough terrain due to its toughness. Customers seeking reliable and reputable products would find it appealing because of this.
The Backpack Market segmentation, based on distribution channel, includes online channel and offline channel. The offline channel segment dominated the market in 2022. Customers can buy a backpack and take it home right away with offline purchasing. There is no need to wait for delivery, which is particularly useful for last-minute purchases or circumstances where clients require the product immediately.
Figure 1: Backpack Market, by Distribution channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Backpack Market dominated this market in 2022 (45.80%). Adventure sports, camping, and other outdoor pursuits are very popular in North America. There is a strong need for backpacks that can accommodate these activities and have qualities like toughness, weather resistance, and specialized compartments. Further, the U.S. Backpack market held the largest market share, and the Canada Backpack market region was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: BACKPACK MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Backpack market accounts for the second-largest market share. There is a significant cycling culture in many European towns, and commuters frequently utilize backpacks to carry necessities on their bicycle journeys. This market is served by backpacks with attributes like luminous materials and cozy straps. Further, the German Backpack market held the largest market share, and the UK Backpack market was the fastest growing market in the European region
The Asia-Pacific Backpack Market is expected to grow at the fastest CAGR from 2023 to 2032. The varied landscapes in the area provide options for outdoor recreation and adventure travel. There is a high demand for backpacks designed for outdoor activities like hiking and trekking. Moreover, China’s Backpack market held the largest market share, and the Indian Backpack market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Backpack market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Backpack industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Backpack industry to benefit clients and increase the market sector. In recent years, the Backpack industry has offered some of the most significant advantages to medicine. Major players in the Backpack market, including Adidas AG (Germany), Under Armor Inc. (U.S.), Patagonia Inc. (U.S.), Puma SE (Germany), Wildcraft (India), Samsonite IP Holdings S.AR.L (Hong Kong), Dakine Inc. (U.S.), Deuter Sport GmbH (Germany), Moët Hennessy Louis Vuitton (LVMH) (France), Safari (India) and others, are attempting to increase market demand by investing in research and development operations.
The business of adidas AG (adidas) is designing, producing, and marketing athletic and sports lifestyle products. The company's product line consists of footwear, apparel, and accessories like bags, sunglasses, sports equipment, and balls. The company sells and distributes its products through franchise stores, stores under its own brand, retail stores, wholesale stores, chains for sports goods, buying organizations, department stores, chains for lifestyle retail, and internet retailers. Additionally, it promotes its goods through e-commerce websites and mobile shopping applications. The marketing of adidas products uses the adidas brand. Additionally, it participates in several product franchises. The organization operates throughout the Middle East, Europe, the Americas, Asia-Pacific, Africa, and other places. adidas has its headquarters in Herzogenaurach, Germany.
LVMH Moet Hennessy Louis Vuitton SE (LVMH) creates and sells upscale goods. The company offers a variety of goods, including clothing, leather goods, alcohol, jewelry, watches, fragrances, and cosmetics. LVMH markets a number of brands, including Christian Dior, Guerlain, Givenchy, Kenzo, Louis Vuitton, Celine, Emilo Pucci, Loewe, Nicolas Kirkwood, Make Up For Ever, and Zenith. In addition to offering cruise services and conducting selective retail commerce, it also engages in a variety of other activities under the DFS, La Grande Epicerie de Paris, Sephora, and Le Bon Marche Rive Gauche brands. The corporation's business activities are dispersed throughout the US, Europe, Asia, and the Middle East. The LVMH corporate office is located in Paris, France.
Backpack Industry Developments
January 2023: A collection of travel accessories, including a backpack, luggage, micro crossbody bag, expandable bag, pouch bag, and three-piece baggage tag set, was introduced by BTS and Samsonite together.
March 2022: Warrior unveiled a backpack with features like several compartments, a security pocket, a TSA-approved lock, and others that is built for the changing digital lifestyle of people.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 16.3 Billion |
| Market Size 2023 | USD 17.8 Billion |
| Market Size 2032 | USD 36.2 Billion |
| Compound Annual Growth Rate (CAGR) | 9.30% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Material, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Adidas AG (Germany), Under Armor Inc. (U.S.), Patagonia Inc. (U.S.), Puma SE (Germany), Wildcraft (India), Samsonite IP Holdings S.AR.L (Hong Kong), Dakine Inc. (U.S.), Deuter Sport GmbH (Germany), Moët Hennessy Louis Vuitton (LVMH) (France), Safari (India) |
| Key Market Opportunities | Due to the increased popularity of camping and other recreational activities, market value will increase. |
| Key Market Dynamics | Industry growth was spurred by the rising popularity of mobile lifestyles. |
Frequently Asked Questions (FAQ) :
The Backpack Market size was valued at USD 16.3 Billion in 2022.
The global market is projected to grow at a CAGR of 9.30% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Adidas AG (Germany), Under Armor Inc. (U.S.), Patagonia Inc. (U.S.), Puma SE (Germany), Wildcraft (India), Samsonite IP Holdings S.AR.L (Hong Kong), Dakine Inc. (U.S.), Deuter Sport GmbH (Germany), Moët Hennessy Louis Vuitton (LVMH) (France), Safari (India).
The travel category dominated the market in 2022.
The offline channel had the largest share in the global market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
