Bags and luggage suffered significant declines as a result of the pandemic, in part due to the absence of tourist spending. Tourists are traditionally the main driver of the category in Hong Kong, especially visitors from Mainland China.
The prolonged impact of the pandemic has resulted in local consumers becoming more conscious than ever when making purchasing decisions, attaching greater importance to the ESG efforts of brands while making fewer impulse and fast fashion purchases. Hong Kong is also witnessing the rise of circular economies for fashion, such as second-hand apparel platforms, a trend that is likely to grow exponentially in the coming years.
Brands are increasingly adopting a circular economy strategy as part of their business models. The circular economy concept means to “recycle, reuse, and reduce”, aiming to keep products, components and materials at their highest utility, and avoid a linear model of “take, make, dispose”.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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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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