Bags are a crucially important element of our accessory and utility wardrobes, and when it comes to elevating and adding finishing touches to our looks, almost nothing beats a classy, outfit-coordinated bag. Private label businesses can find the perfect bags and backpacks manufacturer on Private Label Portal.
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Our network of bags and other fashion accessories manufacturers specialize in providing high-quality, full-service manufacturing. The manufacturers in our network provide everything you need, from design assistance to full production, under one roof to make producing your private label product time-efficient and convenient.
No matter how challenging your designs are, the private label bag manufacturer that we will find for you will assist you in all aspects of production - from design and development to product sourcing, full manufacturing, product management, QA and QC, and final shipping, the Private Label Portal is the perfect place to find a single source for all your production needs.
The current state of the global bags and backpack market (as of late 2021)
The global market for bags and backpacks is seeing a steady upturn, with the revenue in the bags and backpacks segment expected to show an annual growth rate (CAGR 2021-2025) of 8.40%, with the segment heading towards closing the year out at US$170,633m in revenues. The average revenue per user (ARPU) is expected to amount to US$125.75 by end of 2021 and China is set to be the largest market for bags and backpacks, with US$86,135m in revenue generated.
By 2025, the user penetration in the segment is expected to hit 25.2% and the market volume is projected to reach US$235,621m.
Most popular recent trends in bags and backpacks