Press release
Global Backpack Market Size to Grow at a CAGR of 6.61% in the Forecast Period of 2022-2027
Backpack Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/backpack-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 18.3 billion
• Forecast CAGR (2022-2027): 6.61%
• Forecast Market Size (2027): USD 26.88 billion
The global backpack market is being driven by the rising popularity of mobile lifestyles among consumers and the growing significance of technical features in backpacks. People worldwide spend extensive amounts of time away from their homes, and backpacks allow them to carry all the items they may require during the day.
Although a significant portion of backpacks are already specifically for travel purposes, in the past few years, there has been a marked increase in the number of people participating in adventure sports and other full-day activities. This has fuelled the expansion of the backpack market.
The popularity of outdoor pursuits like camping and hiking is one of the main drivers of market growth for backpacks. Significant growth in recreational activities is also expected to have a positive impact on market growth.
In the span of the forecast period, the growing tourism industry is projected to further drive the demand for backpacks. The inclusion of innovations such as GPS, USB ports, and Bluetooth-enabled locks are increasing the popularity of backpacks among consumers looking for more advanced features.
Backpack Industry Definition and Major Segments
Backpacks have several compartments for holding items and are used to carry objects. Due to the limited capacity of handbags for carrying heavy loads and the pressure they place on one-shoulder, backpacks are more commonly used by hikers and students to transport heavy items for longer durations. Backpack straps are made of nylon and ultra-strong nylon materials. Polyester and nylon are the most well-known backpack fabrics. Heavy textiles, such as canvas, that can be used for a long time, can also be used to make long-lasting bags.
Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/backpack-market
Based on capacity, the market is segmented into:
• 6 Litres to 10 Litres
• 10 Litres to 30 Litres
• 30 Litres to 50 Litres
• Above 50 Litres
On the basis of type, the market is categorised into:
• Travel Bags
• Work Bags
• Sports and Recreation Bags
• Others
Based on material, the market is divided into:
• Nylon
• Cotton
• Leather
• Others
On the basis of application, the market is segmented into:
• Men
• Women
• Kids
The major regional markets include:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Backpack Market Trends
The focus on research and development activities is a key trend driving the growth of the backpack market. Various research initiatives are involved in the focus on identifying ideal raw materials to construct backpacks, innovative designs that support consumer needs, and means of lowering production costs and increasing profitability.
Key competitors in the global backpack market are prioritising their efforts and investments towards the research and development of products that have creative designs and quality manufacturing. These efforts help suppliers enhance value proposition and expand their product portfolio as well as reach. Mancro and Targus, for example, are investing heavily in research and development to create long-lasting environmentally friendly backpacks. Similarly, AMPL Labs is investing in the development of smarter backpacks.
Furthermore, an increasing trend for individual styling is driving market growth during the forecast period. The rising preference for durable and lightweight backpacks for improved convenience and more comfortable long-duration wear is expected to contribute to market growth.
Key Market Players
The major players in the global backpack market report include:
Under Armour, Inc.
VF Outdoor, LLC
Nike, Inc.
Adidas AG
V.I.P. Industries Limited
Wildcraft India Private Limited
Dakine IP Holdings LP
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of the major market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
Related Reports
Tattoo Market: https://www.expertmarketresearch.com/reports/tattoo-market
Cloud Gaming Market: https://www.expertmarketresearch.com/reports/cloud-gaming-market
Functional Beverage Market: https://www.expertmarketresearch.com/reports/functional-beverage-market
Clinical Laboratory Services Market: https://www.expertmarketresearch.com/reports/clinical-laboratory-services-market
Auto Catalyst Market: https://www.expertmarketresearch.com/reports/auto-catalyst-market
Methanol Market: https://www.expertmarketresearch.com/reports/methanol-market
Roofing Market: https://www.expertmarketresearch.com/reports/roofing-market
Smart Factory Market: https://www.expertmarketresearch.com/reports/smart-factory-market
Digital Textile Printing Market: https://www.expertmarketresearch.com/reports/digital-textile-printing-market
Diabetic Neuropathy Market: https://www.expertmarketresearch.com/reports/diabetic-neuropathy-market
Media Contact:
Company Name: Claight Corporation
Contact Person: Sophia Grace, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Backpack Market Size to Grow at a CAGR of 6.61% in the Forecast Period of 2022-2027 here
News-ID: 2778547 • Views: …
More Releases from Expert Market Research
Financial Crime and Fraud Management Solutions Market Sees Steady Growth as Digi …
The financial crime and fraud management solutions market is gaining importance as institutions face rising digital vulnerabilities and tighter regulatory expectations. EMR's latest assessment places the market at USD 1.30 billion in 2024, with a projected rise to USD 2.26 billion by 2034 at a 5.70% CAGR, signaling sustained investment across banking, fintech, and enterprise risk teams.
Growing transaction volumes, complex cross-border activity, and more sophisticated attack methods are pushing financial…
Laptop Market Size, Trends and Forecast (2025-2034)
The laptop market has become an integral part of both personal and professional life, serving as a crucial device for work, entertainment, education, and more. With technological advancements and increasing connectivity, laptops have evolved from basic computing tools to versatile, high-performance devices. As remote work, e-learning, and digital content creation continue to rise in popularity, the demand for laptops remains strong across various sectors.
In 2024, the global laptop market is…
Waterproofing Market: Trends, Growth, and Opportunities (2025-2034)
The global waterproofing market has been experiencing robust growth, and this trend is expected to continue over the next decade. Valued at approximately USD 69.32 billion in 2024, the market is forecasted to grow at a compound annual growth rate (CAGR) of 5.20% during the period from 2025 to 2034, reaching an estimated value of USD 115.08 billion by 2034. This growth is driven by various factors, including the expansion…
Coffee Market to Reach USD 216.60 Billion by 2034
The global coffee market continues to demonstrate strong growth as evolving consumer preferences and lifestyle trends shape the industry. Valued at USD 138.15 Billion in 2024, the market is projected to expand at a CAGR of 4.60% between 2025 and 2034, reaching USD 216.60 Billion by 2034. Key drivers of growth include the rising popularity of ready-to-drink (RTD) beverages, premium and craft coffee products, and subscription-based delivery services. These trends…
More Releases for Market:
Sorbitol Market Forecast, Sorbitol Market Analysis, Sorbitol Market Growth, Sorb …
The Sorbitol Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market. This report…
Esterquats Market, Esterquats Market Size, Esterquats Market Share, Esterquats M …
The "Esterquats Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion.
This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political,…
Syringe and Needle Market Size, Market Share, Market Trends, Market Analysis, Ma …
Market Overview:
The global syringe and needle market is a critical component of the healthcare industry, serving as indispensable tools for administering medications, vaccines, and drawing blood samples. This market is characterized by a diverse range of products catering to various medical needs, including disposable syringes, safety syringes, insulin syringes, hypodermic needles, and more. This article provides an in-depth analysis of the syringe and needle market, focusing on its market overview,…
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
