With unit price points rising due to inflation and the increasing supply chain cost, manufacturers will be looking to increase value to justify heightened prices. One way to do this will be through launching limited products that uplift the value of goods without impacting the manufacturing cost.
Environmentally friendly leather is set to become progressively more popular as consumers start to purchase bags and luggage with social responsibility and sustainability in mind. In addition, the development of cheaper and lighter materials than leather allows consumers to purchase such bags and luggage products at limited expense.
Second-hand personal accessories were trending in 2022, and this is set to remain the case across the forecast period. This is not just because these pieces offer more affordable price points, but it also taps into the rising trend of buying more environmentally friendly goods.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Taiwan 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.
If you're in the Bags and Luggage industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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