NEW YORK, June 13, 2024 /PRNewswire/ — The global handbags market size in South Korea is estimated to grow by USD 260.72 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.63% during the forecast period. Increasing consumer spending on fashion and personal goods is driving market growth, with a trend towards growing trend of personalization and customization of handbags. However, threats associated with counterfeit products poses a challenge. Key market players include alexander wang, Burberry Group Plc, Capri Holdings Ltd., Chanel Ltd., Guess Inc., Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, METROCITY, Prada Spa, PVH Corp., Sungjoo Group, Tapestry Inc., and Tory Burch LLC.
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