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Base Year: 2023
Companies covered: 18
Tables & Figures: 247
Countries covered: 17
Pages: 370
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Eco-friendly Backpack Market
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Eco-friendly Backpack Market Size
The global eco-friendly backpack market size was valued at USD 2.2 billion in 2023 and is expected to reach USD 5.1 billion by the end of 2032 with a CAGR of 9.8% between 2024 and 2032. Increase in awareness about plastic waste flooding the oceans, climate change, resource shortage and others boosts dedication to nature as a respect which in turn influences the growth of eco-friendly backpack. Consumers today look for bags made from eco-friendly materials because such items resonate with their beliefs.
Such awareness is encouraging brand loyalty as eco-forward customers prefer businesses that are eco-friendly. There is also a growing trend towards sustainability where people want to understand the origins of products and brands, and this is forcing manufacturers to be compliant and talk about their initiatives. Social media accelerates this trend by promoting informative exchange where consumers act as ambassadors and endorse products. Such a change in consumption trend indicates people are ready to give premium prices for desirable environment-friendly solutions. In addition, more support of the professed environmental values facilitates companies to bring to life eco-friendly items. Partnerships with environmental organizations improve trust of the consumers greatly.
Eco-friendly Backpack Market Trends
Eco-friendly Backpack Market Analysis
The market is categorized into several segments such as travel backpack, laptop backpack, hiking backpack, and others. In 2023, the segment for travel backpacks held the largest share of the ecofriendly backpack market with a 37.5% market share. This segment is expected to maintain its top position where it is expected to grow to USD 2 Billion by the year 2032.
Through the material segments, the eco-friendly backpack market can be segmented into cotton, hemp, recycled polyester, others having items like recycled nylon. Cotton has its sustainable nature and is biodegradable due to being a plant-based fiber, therefore providing value to people who prefer ecofriendly items.
The eco-friendly backpack market can be further divided into two sub-categories, i.e., online and offline. It is estimated that offline segment occupied a vast major portion of the total market share amounting to around 52% in 2023. In the coming ten years, the market is estimated to cross USD of 2.63 billion in valuation.
The Asia-Pacific region holds the largest percentage of the eco-friendly backpack market share, and its market revenue is projected to reach USD 1.9 billion in sales by the year 2032, having a CAGR rate of 10.3%.
North America: The American market single-handedly holds a majority of the eco-friendly backpack sales in North America and is expected to generate around USD 400 million in sales, which will grow to USD 1 billion by 2032. The increased drive towards outdoor and adventure sports has fueled the backpack manufacturers into action to create eco-friendly and durable backpacks which meets the demand.
Now, all outdoor lovers desire products which are more environmentally friendly as compared to not using them at all, hyping up social media and celebs to come forwards and promote the use of such backpacks enabling more and more people to adopt such practices. There is assistance in the eco-friendly market growth by government council, including the implementation of policies and regulations which encourage the use of sustainable products.
Asia Pacific: China is the top producer of eco-friendly backpacks and is expected to capture the vast majority of the eco-friendly backpack market share within the upcoming years, China’s market is expected to capture around 30% share by the end of 2023 and grow at a steady around 11.2% growth rate thanks to its twenty-four-hour manufacturing, research and development. The eco-friendly backpacks designed and produced by China aim to supply the needs of real consumers, appealing to the modern-day consumer; an educated one.
The trend of eco-friendly investing has increased the younger demographic’s needs for backpacks along with them starting to become more adventurist, which has directly resulted in boosting the sustainable backpack market further. Finally, China’s literate society along with an ever-growing social media presence has further nurtured the promotion and endorsement of eco-friendly brands.
Eco-friendly Backpack Market Share
The market is competitive due to its numerous participants, including multiple international businesses such as Adidas, Nike and Patagonia, as well as niche businesses such Ecoalf and Pinqponq. This heterogeneity provides consumers with options in regard to styles, materials used, and cost that can satisfy differing preferences and ideals. The brands have various methods for producing sustainability, fabricating products and applying different options, as some brands are focused on the use of recycled materials and others on the ethical manufacture or redesigning. This diversity in the products prevents the emergence of one major player in the market.
In addition, other fragmentation factors relate to local and regional brands, for example Wildcraft India and Duluth Pack that target particular countries and fulfill selected needs. The shift towards sustainability and environmental responsibility is also responsible for this fragmentation due to the influx of startups equipped with innovative designs and materials geared towards ecofriendly consumers.
Eco-friendly Backpack Market Companies
Major players operating in the eco-friendly backpack industry include:
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The eco-friendly backpack market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Billion units) from 2021 to 2032, for the following segments:
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Market, By Product Type
Market, By Material
Market, By Closure Type
Market, by price
Market, by capacity
Market, by distribution channel
The above information is provided for the following regions and countries: