Tote Bags Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026Posted by Apeksha on May 31st, 2019 Tote bags are large bags with two parallel handles that are stitched from the sides of the bag. The dimension of a typical tote bag is such that its length is more than its breadth. Market Dynamics Factors contributing towards growth of the global tote market during the forecast period include, growing female employment, availability of variants, ban against the use of plastic bags, and increased spending power in terms of fashion. According to International Labor Organization’s report on Women at Work: Trends 2016, the share of women in wage and salaried work more than doubled, from 26.3% in 1995 to 55.3% in 2015. Rising population of working women will contribute towards the increasing sales of tote bags during the forecast period. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2361 However, other cheaper substitutes such as backpacks, laptop bags, handbags, and paper bags can be a threat to the global tote bags market in the near future. Market Outlook In terms of material type, the canvas and cloth tote bags are comparatively cheaper than leather and faux leather tote bags. Therefore, the demand for canvas and cloth tote bags is expected to rise during the forecast period. Among application segment, business & travel tote bags and laptop tote bags are expected to have an increasing market share during the forecast period. As the female employment is rising, the demand for tote bags will increase due to its multipurpose usage. Along with storing a laptop, other essential items can be carried in this bag due to its large size. Therefore, women are expected to prefer this multipurpose tote bag over other bags. On the basis of distribution channel, online store is expected to be the dominant segment during the forecast period. Online stores aid in easy shopping from any place and are convenient as compared to offline stores. According to the Associated Chambers of Commerce and Industry in India (ASSOCHAM), an industry trade association, the e-commerce market accounted for US$ 38.5 billion in 2017 and is projected to exceed US$ 50 billion by 2025. Key Players Key players operating in the global tote bags market include Michael Kors, Guangzhou Yaxin Leather Corporation Limited, XIAMEN NOVELBAG CO., LTD., BIDBI, H&M Group, Blivus Bags, and others. For More Information: https://www.coherentmarketinsights.com/ongoing-insight/tote-bags-market-2361 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |