School Bags Market is valued at around USD 13001.87 million in 2022 and is expected to reach USD 20201.81 million by 2030, registering a CAGR of 7.62% over the forecast period.
School supplies, books, and other things are carried in school bags. Since they are used to carry items like textbooks, notebooks, and other supplies from home to school, school bags are frequently regarded as a crucial item for students. But carrying a backpack to school can also be a fashion statement. In order to differentiate themselves from their peers, many students opt to purchase designer bookbags or fashionable backpacks. Another well-liked present for students of all ages is school bags.
The School Bags Market - Growth Factors
The increase in school enrolment worldwide is blamed for the growth. The government's initiatives to support education for all children and the rising student enrolment ratio are expected to combine to enhance the expansion. The increasing number of schools, institutions, and students around the world is credited with more attention being paid to providing children with a basic education. Around 56.6 million students attended elementary and secondary schools in 2018, according to the National centre for Education Statistics. The need for school supplies, especially school bags, is expected to increase due to rising student enrolment, which is therefore expected to fuel market expansion.
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The School Bags Market – Segmentation
The Global School Bags Market fragrance concentrates market has been sub-classified into fabric, distribution channel.
On the basis of distribution channel, the Global School Bags Market is bifurcated into:
• Offline
• Online
• Others
On the basis of product, the market is segmented into:
• Canvas
• Polyesters
• Nylon
• Leather
• Others
The School Bags Market – Market Trends
The School Bags Market –Regional Analysis
The School Bags market was dominated by Asia-Pacific, was predicted to be the largest regional sector in 2018 and is predicted to have the highest CAGR. The regional need for school bags is being driven by the rising number of students. It is projected that the region's growing student population would increase demand for school backpacks.
The School Bags Market - Key Players
Key players in the School bags market include Kipling, Samsonite, Delsey, Ergobag, Nike, Adidas, OIWAS, WENGER, Winpard, Lining, Dapai, Caarany, Toread, and others
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Dec 07, 2022