USD 14.601 billion
Backpack Market Size, Share, Growth Analysis, By Material Type(Nylon, Polyester, Other), By Distribution Channel(Online Retail, Supermarkets, Speciality Stores, Other), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25K2083 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Backpack Market Insights
Backpack Market size was valued at USD 14.601 billion in 2019 and is poised to grow from USD 15.9 billion in 2023 to USD 31.38 billion by 2031, growing at a CAGR of 8.96% in the forecast period (2024-2031).
Backpacks have several compartments that can be used to carry items around and are used to carry stuff. Due to handbag limited capacity for carrying heavy loads, backpacks are more frequently used by hikers and students than handbags while transporting heavy equipment and cargo. Nylon and ultra-strong nylon materials are used to make the straps on backpacks. Polyester and nylon are the two most well-known fabrics for backpacks. Heavy textiles like canvas, which may be used for a long time, can also be utilized to make durable bags. Although it increases the cost of the bag, leather can also be utilized to build them.
Many backpacks are designed with travel in mind, and over the past several years, participation in adventure sports and other leisure activities has significantly increased, fueling the Backpack market's expansion.
US Backpack Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Nylon
Fastest Growth
Polyester
Growth Rate
8.96% CAGR
Global Backpack Market, 2021-2028($ Bn)
Country Share for North America Region- 2021 (%)
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Backpack Market Segmental Analysis
The Global Backpack Market is segmented based on the Material Type, Distribution Channel, and region. Based on the Material Type, the Global Backpack Market is segmented as Nylon, Polyester, and Other. Based on Distribution Channel, the Global Backpack Market is segmented as online retail, supermarkets, specialty stores, and other. Based on Region Backpack Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Backpack Market Analysis by Material Type
Based on the Material Type, the backpack market is bifurcated into nylon, polyester, and other. Nylon segment had highest Backpack Market share in 2021. During the anticipated period, the polyester is anticipated to see the fastest CAGR. An artificial polymer that is commonly made from petroleum is nylon, also referred to as thermoplastic. It is smooth, light, and strong. Additionally, it is a flexible fiber that can be altered into any pattern or shape by adding a delustering chemical while it is still in the molten state. Because of the material's greater flexibility, these backpacks can comfortably accommodate heavy loads of luggage. Additionally, it is a flexible fibre that can be altered into any pattern or shape by adding a delustering chemical while it is still in the molten state. These Backpacks can comfortably accommodate heavy loads of luggage. Additionally, the cloth may easily return to its previous state without creases or wrinkles because to the product's great flexibility. In most cases, excessive stretching causes the fibres of the material to thin down and soften while still maintaining their strength. The rucksacks' water resistance and low absorption rate of nylon make them perfect for use in tropical environments. Since the fabric is smooth, filth does not adhere to the surface of the nylon rucksacks, making them simple to clean.
Backpack Market Analysis by Distribution Channel
Based on Distribution Channel the backpack market is segmented into online retail, supermarkets, specialty stores, and other. The specialty stores category held the biggest Backpack Market share, and throughout the projection period, the online retail segment is anticipated to grow at the fastest rate. Because they provide specialized product categories with a broader variety than supermarkets, specialty stores are among the most important distribution channels for trekking backpack market players. People choose to purchase trekking backpacks from specialty shops because of their strong brand loyalty. To draw clients and keep a steady stream of customers, the specialty retailers run promotional programs. These establishments typically have prominent retail sites, such as malls and shopping centers, and they employ merchandising strategies to give customers a comprehensively satisfying shopping experience.
Global Backpack Market By Material Type, 2021(%)
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Backpack Market Regional Insights
North America is expected to control the backpack market share in 2021. This demand is predicated on the fact that these nations have strong educational infrastructures and broad acceptance of schoolbags in the US and Canada, Strong operations of major sporting goods and luggage manufacturers like Adidas and Nike in the area are another positive aspect of the Backpack Market in North America. Due to several improvements in the industry to produce backpacks with enhanced quality and efficiency, the market for backpacks in the Asia Pacific region is anticipated to experience considerable growth. Additionally, the need for backpacks to carry the equipment securely while lightening the strain on shoulders is being fuelled by the rising popularity of sports and leisure activities that improve total well-being. Over the next few years, the development of the worldwide backpack market is anticipated to be aided by manufacturers' increasing focus on producing sophisticated, intelligent backpacks and the region's expanding urban population. The demand for backpacks among working professionals in the area is projected to increase as the working population and employment both grow.
Global Backpack Market By Geography, 2021 - 2028
- Largest
- Fastest
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Backpack Market Dynamics
Backpack Market Driver
- Customer retention has become more challenging in today's highly competitive market climate. As a result, in order to encourage sales, sellers in the worldwide smart backpack market are presenting a variety of trade offers. The suppliers offer a variety of trade agreements through various distribution channels in various nations, including discounts, exchange offers, and festival incentives. Price-conscious customers are drawn in by competitors' regular introduction of trade offers, especially in developing nations like APAC.
- Companies are increasing expenditure on the development of new goods aimed at business customers as well as students as a result of rising consumer demand for lightweight laptop backpacks. Additionally, the expansion of online retailers due to the growing number of smartphone users is anticipated to encourage simple access to product forms across all geographies.
Backpack Market Restraint
- Due to the fact that adverse weather can make outdoor leisure activities like camping, mountain biking, hiking, and trekking difficult to complete, the market for outdoor sports is largely reliant on weather patterns worldwide. Extreme heat, cold, and humidity can all result in unpleasant experiences, which can deter people from engaging in outdoor activities. Weather changes may cause outdoor events to be cancelled or have lower participation rates. Unfavorable weather poses a hindrance to the growth of the global backpack market since demand for backpacks is based on the frequency of participation in outdoor recreational activities and travels.
- The growth of the backpacks market is being hampered by average weather protection and one mesh hip-belt pocket that isn't durable. Another factor limiting the growth of the global backpack market is limited demand for the product across different countries due to the higher cost and larger hiking backpacks required across different business verticals in the respective countries.
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Backpack Market Competitive Landscape
The Global Backpack market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive Backpack market. In order to provide industries with the most effective and economical solutions, the major Backpack market players are also continually concentrating on R&D.
Backpack Market Top Player's Company Profiles
- Samsonite International S.A.
- VF Corporation
- Kering S.A.
- LVMH Moet Hennessy Louis Vuitton SE
- Adidas AG
- Nike, Inc.
- PUMA SE
- Decathlon S.A.
- Under Armour, Inc.
- Targus Group International, Inc.
- The North Face, Inc. (a subsidiary of VF Corporation)
- Herschel Supply Co.
- ASICS Corporation
- Eastpak (a subsidiary of VF Corporation)
- Columbia Sportswear Company
- Osprey Packs, Inc.
- Deuter Sport GmbH
- Gregory Mountain Products, LLC
- Mammut Sports Group AG
- Salomon S.A.
Backpack Market Recent Developments
- In June 2022, USWE Sports AB, a technology award-winning and publicly traded backpack company based in Malmö, Sweden, acquired Bend-based Giant Loop LLC, a successful Powersports brand known for its innovative off-road motorcycle soft luggage designs. The purchase agreement was signed.
- In June 2022, Conklin discovered bullet-resistant backpacks. The backpacks, which come in different colors, appear to be a normal book-carrying case, but are lined with sewn-in armor that is capable of stopping 95% of the gun rounds used in gun-related homicides.
Backpack Key Market Trends
- A number of companies have upgraded their services as a result of the rapid advancements in radiography techniques in an effort to increase their market potential and solidify their positions. The creation of new, cutting-edge Backpack care tools that would lessen patients' discomfort is a major focus of the producers of Backpack radiology equipment's research and development (R&D) spending.
- The addition of a chest strap is the first design change made to backpacks. As a result, the lower back is not required to support as much weight on the shoulders. Second, packs are now made with women in mind, making them far lighter and more comfortable. The third modification is that the pack now has pockets everywhere, including on the waist and hip belts, to make it simpler to access objects without fumbling.
Backpack Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Backpack Market Analysis, in terms of material type, the polyester segment held the largest share and is estimated to maintain a similar trend over the forecast period as it is smooth, strong, and flexible in nature. In terms of distribution channel, specialty stores accounted for a maximum market share followed by online retail because of customer loyalty broader variety of backpacks to choose from.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 14.601 billion |
| Market size value in 2031 | USD 31.38 billion |
| Growth Rate | 8.96% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Backpack Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Backpack Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Backpack Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Backpack Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Backpack Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Backpack Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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