Handbag Market Size Expected to Hit USD 71.2 Billion by 2033 | CAGR of 5.42% during 2025-2033

Handbag Market Size Expected to Hit USD 71.2 Billion by 2033 | CAGR

According to the latest report by IMARC Group, titled “๐‡๐š๐ง๐๐›๐š๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž (๐’๐š๐ญ๐œ๐ก๐ž๐ฅ, ๐๐ฎ๐œ๐ค๐ž๐ญ ๐๐š๐ , ๐‚๐ฅ๐ฎ๐ญ๐œ๐ก, ๐“๐จ๐ญ๐ž ๐๐š๐ , ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐“๐ฒ๐ฉ๐ž (๐‹๐ž๐š๐ญ๐ก๐ž๐ซ, ๐…๐š๐›๐ซ๐ข๐œ, ๐‘๐ฎ๐›๐›๐ž๐ซ, ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ (๐’๐ฎ๐ฉ๐ž๐ซ๐ฆ๐š๐ซ๐ค๐ž๐ญ๐ฌ ๐š๐ง๐ ๐‡๐ฒ๐ฉ๐ž๐ซ๐ฆ๐š๐ซ๐ค๐ž๐ญ๐ฌ, ๐ƒ๐ž๐ฉ๐š๐ซ๐ญ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐’๐ญ๐จ๐ซ๐ž๐ฌ, ๐’๐ฉ๐ž๐œ๐ข๐š๐ฅ๐ญ๐ฒ ๐’๐ญ๐จ๐ซ๐ž๐ฌ, ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐’๐ญ๐จ๐ซ๐ž๐ฌ, ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐’๐ญ๐จ๐ซ๐ž๐ฌ, ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐š๐ง๐ ๐‘๐ž๐ ๐ข๐จ๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ‘”, offers a comprehensive analysis of the industry, which comprises insights on the global handbag market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global handbag market size reached ๐”๐’๐ƒ ๐Ÿ’๐Ÿ‘.๐Ÿ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in 2024. Looking forward, IMARC Group expects the market to reach ๐”๐’๐ƒ ๐Ÿ•๐Ÿ.๐Ÿ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง by 2033, exhibiting a growth rate (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ“.๐Ÿ’๐Ÿ% during 2025-2033.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/handbag-market/requestsample

๐‡๐š๐ง๐๐›๐š๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ:

Growing Consumer Demand and Changing Lifestyles:
The global handbag market witnesses the significant growth with the aid of heightened consumer appeal across multiple layers, especially since women joining the workforce has empowered them with greater purchasing capabilities while their lifestyles have changed which instead increased the consumption of handbags due to changing times.

Today’s day and age has seen women searching for functional and stylish handbags to meet both their personal as well as professional requirements, which further justifies the rise in women’s purchasing Andrew’s influence. Additionally, the marketing and fashion world has greatly expanded its reach due to social media, allowing for greater inspiration and trend following as endorsed by celebrities, encouraging the customers to update their stock.

๐„-๐œ๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐š๐ง๐ ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐‘๐ž๐ญ๐š๐ข๐ฅ๐ข๐ง๐ :

Also, the ongoing trend of eCommerce in the modern age where consumers expect greater variety at lower cost across multiple platforms has positively influenced the handbag market by absolutely giving them access to numerous brands, styles and price ranges. With the growth of online shopping, consumers can now easily access a plethora of goods and their features, spend less time and energy price hunting, and check how previous customers liked the particular product. This in turn has broadened the traditional and new brands reach in the market, allowing for online-only brands to start expanding and aiding the technologically oriented customers.

๐…๐จ๐œ๐ฎ๐ฌ ๐จ๐ง ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐š๐ง๐ ๐„๐ญ๐ก๐ข๐œ๐š๐ฅ ๐’๐จ๐ฎ๐ซ๐œ๐ข๐ง๐ :

The, socio-political and environmental consciousness among consumers has caused a paradigm shift in the handbag industry with a growing desire for ethical and sustainable practices. Hence, consumers are turning to more ethical products such as handbags made from eco-friendly materials like recycled leather, organic cotton, or plant based alternatives.

Additionally, the focus on ethical practices such as ethical sourcing and fair wages has also risen as consumers are more inclined towards supporting brands that care about their employees and the environment. The evolution in consciousness ethics has led to a surge in demand for eco and ethically friendly handbags, which in return provides new opportunities to new brands pairing sustainability with transparency of supply chains.

๐๐ฒ ๐ญ๐ก๐ž ๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉ, ๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐“๐จ๐ฉ ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐‡๐š๐ง๐๐›๐š๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ซ๐ž ๐†๐ข๐ฏ๐ž๐ง ๐๐ž๐ฅ๐จ๐ฐ:

โ€ข Burberry Group
โ€ข Chanel International BV
โ€ข Christian Dior SE
โ€ข Coach
โ€ข Etienne Aigner
โ€ข Furla
โ€ข Kate Spade & Company
โ€ข Hermรจs International
โ€ข LVMH
โ€ข Michael Kors
โ€ข Mulberry
โ€ข Nicole Lee
โ€ข Prada Holding BV

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Ž๐ฎ๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ๐ฌ ๐Ÿ๐จ๐ซ ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ๐ฌ, ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง, ๐š๐ง๐ ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ข๐ž๐ฌ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž: https://www.imarcgroup.com/request?type=report&id=2071&flag=C

๐†๐ฅ๐จ๐›๐š๐ฅ ๐‡๐š๐ง๐๐›๐š๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The global handbag market is constantly changing owing to a few critical aspects that are forecasted to drive demand in the purse market. One such branch is the growing trend of demand for customization on handbags, the global market is expanding at a rapid pace. Consumers are increasingly looking for accessories which are distinct that matches their style, which in turn is shifting the purse market to a more unique design tailored approach that allows consumers to add engravings or custom patterns on the bags making them more appealing.

Another important development is the growing popularity of multi-purpose bags which meet the needs of today’s customers. These bags are made to be stylish for both daytime and nighttime use, whether it is for business or personal use. There is more and more demand from customers that value practicality and versatility for things like several pockets, removable handles, and transformable bags to name some.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž:

โ€ข Satchel
โ€ข Bucket Bag
โ€ข Clutch
โ€ข Tote Bag
โ€ข Others

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐“๐ฒ๐ฉ๐ž:

โ€ข Leather
โ€ข Fabric
โ€ข Rubber
โ€ข Others

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ:

โ€ข Supermarkets and Hypermarkets
โ€ข Departmental Stores
โ€ข Specialty Stores
โ€ข Discount Stores
โ€ข Online Stores
โ€ข Others

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข North America (United States, Canada)
โ€ข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

๐Š๐ž๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โ€ข Market Performance
โ€ข Market Outlook
โ€ข COVID-19 Impact on the Market
โ€ข Porter’s Five Forces Analysis
โ€ข Historical, Current and Future Market Trends
โ€ข Market Drivers and Success Factors
โ€ข SWOT Analysis
โ€ข Structure of the Market
โ€ข Value Chain Analysis
โ€ข Comprehensive Mapping of the Competitive Landscape

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ง๐ž๐ž๐ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐œ๐š๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐’:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

This release was published on openPR.

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