The Global School Bags Market: Overview
The Global 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. Leather products are items made of leather. A backpack, which is also known as a knapsack, schoolbag, rucksack, rucksac, pack, sackpack, booksack, or backsack, is a cloth bag that is worn on the back and fastened with two straps that cross the shoulders. It can also have an exterior frame, an internal frame, or a bodypack.
The Global School Bags Market - Growth Factor
The demand for school bags is mostly driven by rising government initiatives to support children's education, rising student enrolment rates, and rising emphasis on providing children with a basic education. The number of schools and colleges around the world is also growing as a result of an increase in student enrolment, which is driving up demand for school supplies like backpacks. The market is expanding due to rising trends among students to choose robust, roomy school backpacks that are compatible with devices. Due to kids' increasing choice for sturdy, roomy school backpacks, the market is booming. Additionally, it is projected that increased use of environmentally friendly materials such recycled plastics will spur market expansion.
The Global School Bags Market Market Trends
The increase in school enrollment 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 pupils attended primary 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 enrollment, which is therefore expected to fuel market expansion.
Rising government measures to assist children's education, rising student enrollment rates, and rising emphasis on giving kids a foundational education are the main drivers of the demand for school bags.
The demand for school supplies is increasing along with the number of schools and colleges around the world as a result of a rise in student enrollment.
The Global 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 Global School Bags Market Regional Analysis
Asia-Pacific dominated the global School Bags Market, it is anticipated to be the largest regional category in 2018 and is anticipated to have the quickest 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 Global School Bags Market Key Market players
Global key players of Global School Bags Market include NIKE, Inc., Puma SE, Delsey SA, Targus Inc., VIP Industries Ltd., Oasis Bags, Herschel Supply Company, Samsonite International SA, VF Corp., and LVMH Mot Hennessy - Louis Vuitton, and others.
Global School Bags Market: Historical Years- 2018-2021
Global School Bags Market: Forecast Years- 2022-2030
Global School Bags Market 2022- USD 13001.87 million
Global School Bags Market 2030- USD 0201.81 million
Global School Bags Market CAGR- 7.62%
