Tote Bags Market Size will Observe Lucrative Surge by the End 2027

Global Tote Bags Market: Overview

The global tote bags market to witness a substantial growth in coming years owing to rising trend or online shopping across the globe. Moreover, the market is also expected to grow as a result of rising fashion trend of carrying one-sided sling bags by women around the world. Furthermore, rising popularity of custom-free shops in various domestic and international airports to reduce the plastic bags consumption is another factor that is expected to drive the global tote bags market’s growth during the estimated period of 2019 to 2027.

A report by Transparency Market Research on global tote bags market provides all the crucial information about the market to the players. The report covers area such as notable developments, market opportunities, major challenges and key strategies adopted by players to have a sustainable future in global tote bags market during the projected period of 2019 to 2027.

Get Sample [email protected]:

Global Totes Market: Notable Developments and Competitive Landscape

The current scenario of global totes market is highly competitive. This is because of the rising number of players entering the market to capture the potential offered by various opportunities by the market. The players are looking to capture maximum market share by leveraging the opportunities such as rising demand of tote bags in domestic and industrial applications.

Moreover, presence of various players in the market is further making the entry of new players quite difficult. To overcome this competition, the new players are adopting certain strategies such as merger and collaborations to have a successful future in global tote bags market.

To get glimpse of what our report offers, ask for a report brochure

On the other hand, the established players are acquiring various businesses in order to gain a tactical advantage over their rivals. These players are also investing a huge amount in research and development department so as to provide innovative products to the customers. This allows the players to retain their existing customers and acquire new ones for better business growth.

Some of the examples of players acquiring other businesses to get ahead of their rivals are as follow:

  • In June 2019, CAPRI Holdings acquired luxury fashion brand Versace. The acquisition helped the company to expand its portfolio in luxurious tote bags domain. Also, as a result of this acquisition CAPRI Holdings can now boost its sales in multiple regions with the help of Versace’s vast distribution network. This allowed the company to acquire 25% share in global tote bags market.
  • In April 2017, Samsonite International S.A. announced the acquisition of a leading digital retail specialist in bags industry, -the eBags. As a result of this acquisition, the company can now dominate the online retail sector for tote bags. This in turn helped the company to dominate the online retail domain of global tote bags market.

To get a bird’s eye view of market forecast, ask for a Custom Report

Global Tote Bags Market: Key Drivers

Rising Trend of Retail Shopping

The growth of global tote market is majorly driven by the growing retail industry across the globe. Various retailers such as supermarkets, hypermarket, and specialty stores require tote bags for their customers. This growing demand for tote bags in these retail chains is expected to propel the global tote bags market’s growth in the estimated period of 2019 to 2027.

Changing Fashion Trend

The growth of the market is massively associated with the changing fashion trends at a global level. The trend of women carrying tote bags to carry their fashion and beauty products is considered to be one of the major factors that are expected to boost the growth of global tote market during the estimated time frame.

Reusability of Tote Bags

Furthermore, the property of reusability of tote bags is also expected to accelerate the growth of the market during the projected time frame. Moreover, the convenience of folding the bags and keeping them in a tight space is further anticipated to support the global tote bags market’s growth.

Global Tote Bags Market: Regional Analysis

Geographically, Europe is expected to exhibit maximum opportunities for the players of global tote bags market. The dominance of the region is the result of numerous initiatives by the governments of Germany and France to reduce the pollution. Moreover, various technical developments such as upgrading the tote bags manufacturing machines and the fabrics used to produce tote bags by the players in the region are few more factors that expected to be responsible for the growth of Europe in tote bags market during the projected time frame of 2019 to 2027.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

Read Our Latest Press Release:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.


Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: [email protected]