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      Global Backpack Market Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc

      Amit by Amit
      November 23, 2022
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      The ‘Global Backpack Market Size, Report and Forecast 2022-2027’ by Expert Market Research, gives an extensive outlook of the global backpack market, assessing on the basis of its segments like capacity, type, material, application, and major regions.

      Backpack Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

      Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/backpack-market/requestsample

      The key highlights of the report include:

      Market Overview (2017-2027)

      • Historical Market Size (2021): USD 18.3 billion
      • Forecast CAGR (2022-2027): 6.61%
      • Forecast Market Size (2027): USD 26.88 billion

      Report AttributeDetails
      Historical Period2017-2021
      Forecast Period2022-2027
      Base Year2021
      Market Size in 2021USD 18.3 billion
      Revenue Forecast in 2027USD 26.88 billion
      Growth Rate CAGR6.61%
      Major PlayersUnder Armour, Inc., VF Outdoor, LLC, Nike, Inc., Adidas AG, V.I.P. Industries Limited, Wildcraft India Private Limited, and Dakine IP Holdings LP., among others.

      The global backpack market is being driven by the rising popularity of mobile lifestyles among consumers and the growing significance of technical features in backpacks. People worldwide spend extensive amounts of time away from their homes, and backpacks allow them to carry all the items they may require during the day.

      Although a significant portion of backpacks are already specifically for travel purposes, in the past few years, there has been a marked increase in the number of people participating in adventure sports and other full-day activities. This has fuelled the expansion of the backpack market.

      The popularity of outdoor pursuits like camping and hiking is one of the main drivers of market growth for backpacks. Significant growth in recreational activities is also expected to have a positive impact on market growth.

      Read Also:  Natural Food Preservatives Market forecast 2022, Share, Report, Analysis Till 2027

      In the span of the forecast period, the growing tourism industry is projected to further drive the demand for backpacks. The inclusion of innovations such as GPS, USB ports, and Bluetooth-enabled locks are increasing the popularity of backpacks among consumers looking for more advanced features.

      Backpack Industry Definition and Major Segments

      Backpacks have several compartments for holding items and are used to carry objects. Due to the limited capacity of handbags for carrying heavy loads and the pressure they place on one-shoulder, backpacks are more commonly used by hikers and students to transport heavy items for longer durations. Backpack straps are made of nylon and ultra-strong nylon materials. Polyester and nylon are the most well-known backpack fabrics. Heavy textiles, such as canvas, that can be used for a long time, can also be used to make long-lasting bags.

      Read Full Report with Table of Contents –  https://www.expertmarketresearch.com/reports/backpack-market

      Based on capacity, the market is segmented into:

      • 6 Litres to 10 Litres
      • 10 Litres to 30 Litres
      • 30 Litres to 50 Litres
      • Above 50 Litres

      On the basis of type, the market is categorised into:

      • Travel Bags
      • Work Bags
      • Sports and Recreation Bags
      • Others

      Based on material, the market is divided into:

      • Nylon
      • Cotton
      • Leather
      • Others

      On the basis of application, the market is segmented into:

      • Men
      • Women
      • Kids

      The major regional markets include:

      • North America
      • Europe
      • Asia-Pacific
      • Latin America
      • Middle East and Africa

      Read Also:  Global Wireless Door Lock System Market Report and Forecast 2022-2027

      Backpack Market Trends

      The focus on research and development activities is a key trend driving the growth of the backpack market. Various research initiatives are involved in the focus on identifying ideal raw materials to construct backpacks, innovative designs that support consumer needs, and means of lowering production costs and increasing profitability.

      Key competitors in the global backpack market are prioritising their efforts and investments towards the research and development of products that have creative designs and quality manufacturing. These efforts help suppliers enhance value proposition and expand their product portfolio as well as reach. Mancro and Targus, for example, are investing heavily in research and development to create long-lasting environmentally friendly backpacks. Similarly, AMPL Labs is investing in the development of smarter backpacks.

      Furthermore, an increasing trend for individual styling is driving market growth during the forecast period. The rising preference for durable and lightweight backpacks for improved convenience and more comfortable long-duration wear is expected to contribute to market growth.

      Key Market Players

      The major players in the global backpack market report include:

      • Under Armour, Inc.
      • VF Outdoor, LLC
      • Nike, Inc.
      • Adidas AG
      • V.I.P. Industries Limited
      • Wildcraft India Private Limited
      • Dakine IP Holdings LP
      • Others

      The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of the major market players.

      The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

      Read Also:  Wealth Management Platform Market Size and Share Outlook 2022-2027: Industry Growth Analysis, Sales revenue, CAGR Status, Future Demand and Developments

      More Reports

      North America Drywall Market: https://www.expertmarketresearch.com/reports/north-america-drywall-market

      North America Alternative Proteins Market: https://www.expertmarketresearch.com/reports/north-america-alternative-proteins-market

      Middle East and Africa Intravenous Solutions Market: https://www.expertmarketresearch.com/reports/middle-east-and-africa-intravenous-solutions-market

      About Us:

      Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

      EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

      Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

      Media Contact:

      Company Name: Claight Corporation
      Contact Person: Sophia Grace, Corporate Sales Specialist – U.S.A.
      Email: sales@expertmarketresearch.com
      Toll Free Number: +1-415-325-5166 | +44-702-402-5790
      Address: 30 North Gould Street, Sheridan, WY 82801, USA
      Website: www.expertmarketresearch.com

      Tags: Backpack MarketBackpack Market ShareBackpack Market Size
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