Tote bags are large bags with two parallel handles that are stitched from the sides of the bag. The dimension of a typical tote bag is such that its length is more than its breadth.
Factors contributing towards growth of the global tote market during the forecast period include, growing female employment, availability of variants, ban against the use of plastic bags, and increased spending power in terms of fashion. According to International Labor Organization’s report on Women at Work: Trends 2016, the share of women in wage and salaried work more than doubled, from 26.3% in 1995 to 55.3% in 2015. Rising population of working women will contribute towards the increasing sales of tote bags during the forecast period.
However, other cheaper substitutes such as backpacks, laptop bags, handbags, and paper bags can be a threat to the global tote bags market in the near future.
Key players operating in the global tote bags market include Michael Kors, Guangzhou Yaxin Leather Corporation Limited, XIAMEN NOVELBAG CO., LTD., BIDBI, H&M Group, Blivus Bags, and others.
On the basis of material, the global tote bags market is segmented into:
On the basis of application, the global tote bags market is segmented into:
On the basis of distribution channel type, the global tote bags market is segmented into:
On the basis of region, the global tote bags market is segmented into:
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