After the strong recovery observed in 2022, bags and luggage is set to see demand normalise and growth rates gradually slow over the forecast period. In the case of luggage, the category will benefit from Canadians resuming travel much earlier than anticipated, while demand for duffle bags will be driven by consumers resuming pre-pandemic lifestyles and returning to the gym.
The second-hand market for high-end handbags, small bags and wallets and coin pouches is expected to grow over the forecast period. As prices of new products continue to increase and consumers deal with scarce supply of in-demand items such as Hermès Birkin handbags, consumers are expected to gravitate to pre-owned luxury products.
Social issues such as gender and sustainability are directly impacting the handbag industry, and are expected to continue to influence the category over the forecast period as brands look to meet societal concerns over social issues. For example, Montreal-based Canadian brand Bain produces genderless and sustainable bags including totes, waist pouches and backpacks.
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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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