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Backpack Market to Increase Gradually by Reaching a Valuation of USD 37.45 billion by 2032 with a CAGR of 9.14% during the Forecast Period; Increasing Number of Technological Developments and Changing Trends to Drive Market Growth

January 31, 2025 | Consumer Goods

The global backpack market size was valued at USD 18.66 billion in 2024. The market is projected to grow from USD 20.30 billion in 2025 to USD 37.45 billion by 2032, exhibiting a CAGR of 9.14% during the forecast period.


Fortune Business Insightspresents this information in its report titled Backpack Market Size, Share & COVID-19 Impact Analysis, By Product Type (Travel, Hiking/Camping, and Others), By Material (Nylon, Polyester, and Others), By Distribution Channel (Online Channel and Offline Channel), and Regional Forecast, 2025-2032”.


The manufacturing of backpack is based on different activities to carry out long-duration travel, daily traveling, and hiking/camping. The fundamental design and innovations, such as waist straps, hip belts, and others, provide convenience and comfort to each individual. Increasing technological development in product design is set to propel market growth.


Google and Samsonite IP Holdings S.AR.L. Collaborated to Launch a Smart Backpack


In October 2020, Google and Samsonite IP Holdings S.AR.L. collaborated to launch a smart backpack incorporated with Jacquard System by Google called Konnect-I. The touch sensitivity offers individuals customization functions based on gestures. This would build competition in the market to develop more technologically advanced products to offer convenience and comfort.


Restrictions and Regulations Caused Work, Sports, Travel, and Tourism to Halt During Pandemic


The COVID-19 pandemic led to the adoption of various measures, such as closing borders, social distancing, and closure of non-essential businesses, to contain the spread of the virus. These restrictions and regulations caused work, sports, travel, and tourism to halt, further affecting the market growth as demand for the bags declined. According to the International Monetary Fund (IMF), COVID-19 led to the decline of 65% in tourist arrivals globally owing to the shift in consumer demand for travel products. Also, due to lockdowns, offline distribution channels such as hypermarkets/supermarkets, specialty stores, and others were also closed.


Technological Developments and Changing Trends to Propel Market Development   


Technological developments and changing trends are predicted to drive the backpack market growth. Modern bags and luggage products are now designed to focus on popular fashion trends, appearance, and consumer needs. Work-from-home jobs fueled the trend of staycation among working professionals. This has further supported market growth as individuals need to carry electronics, documents, and accessories. In November 2021, Targus launched Cypress EcoSmart backpack, which is made from recycled bottles.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/backpack-market-103853


New Sustainable Products in the Market to have More Consumer Attention


The market players have been focusing on manufacturing products customized for different regions and consumer bases. In addition, they are launching new sustainable products to have an edge in the market and gain consumer attention. In May 2020, Sprayground launched a new backpack collection, Miami 305. The new collection is with ‘Miami Vice’ vs ‘Sprayground vibe design’ and includes two backpacks and two duffle bags.


Notable Industry Development



  • March 2022: Warrior launched a backpack designed for the new digital lifestyle of individuals, which has features such as multiple compartments, a security pocket, a TSA-approved lock, and others.


List of Key Companies Profiled in the Report:



  • 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)


Further Report Findings



  • The market in North America stood at USD 6.56 billion in 2024 due to high rate of international and domestic travels owing to work and educational requirements or casual trips, which is expected to drive the backpack market share.

  • High levels of disposable income amongst individuals and the presence of top infrastructure facilities for travel & tourism, schools, and universities in the U.S. and Canada make travel convenient.

  • Asia Pacific is estimated to have a notable CAGR due to rising popularity of solo trips and road trips in developing countries such as India and China.


Table of Segmentation



















































  ATTRIBUTE



  DETAILS



Study Period



2019-2032



Base Year



2024



Estimated Year



2025



Forecast Period



2025-2032



Historical Period



2019-2023



Growth Rate



CAGR of 9.14% from 2025 to 2032



Unit



Value (USD Billion)



Segmentation



By Product Type



  • Travel

  • Hiking/Camping

  • Others



By Material



  • Nylon

  • Polyester

  • Others



By Distribution Channel



  • Online Channel

  • Offline Channel




  • North America (By Product Type, Material, Distribution Channel, and Country)

    • U.S. (By Product Type)

    • Canada (By Product Type)

    • Mexico (By Product Type)



  • Europe (By Product Type, Material, Distribution Channel, and Country)

    • Germany (By Product Type)

    • U.K. (By Product Type)

    • France (By Product Type)

    • Italy (By Product Type)

    • Spain (By Product Type)

    • Rest of Europe (By Product Type)



  • Asia Pacific (By Product Type, Material, Distribution Channel, and Country)

    • China (By Product Type)

    • India (By Product Type)

    • Japan (By Product Type)

    • Australia (By Product Type)

    • Rest of Asia Pacific (By Product Type)



  • South America (By Product Type, Material, Distribution Channel, and Country)

    • Brazil (By Product Type)

    • Argentina (By Product Type)

    • Rest of South America (By Product Type)



  • Middle East & Africa (By Product Type, Material, Distribution Channel, and Country)

    • South Africa (By Product Type)

    • UAE (By Product Type)

    • Rest of Middle East & Africa (By Product Type)




Global Backpack Market
  • PDF
  • 2024
  • 2019-2023
  • 222

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  • 4850
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