Demand for casual products increased during COVID-19, but the post-pandemic period is set to see consumers buy fashion items. The trend of women turning to high heels and more glamorous items is already starting to be seen.
Arezzo is working as an incubator for four selected start-ups, which will be mentored for six months within the group. Each of them has a presence in an area which it is important for the company to advance over the next few years: Logistics; Data (machine learning and algorithms to make collection creation more efficient); industrial processes (factory efficiency); and human resources.
Consolidation has accelerated in bags and luggage in recent years, with the share of the smallest players, included under “others”, set to fall in 2022 for another consecutive year as consolidation continues. With investment capacity and the appetite for mergers and acquisitions, it is expected that large players in bags and luggage will continue to gain greater shares within the category.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Brazil with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Bags and Luggage
Bags and Luggage includes bags and cases which serve common everyday purposes or specific functions during travel, sports, or formal occasions. However, all sports equipment bags (e.g. golf, tennis, and bowling), insulated food and beverage bags, and musical instrument cases are excluded.See All of Our Definitions
This report originates from Passport, our Bags and Luggage research and analysis database.
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