Home > Consumer Goods & Services > Apparel, Footwear and Accessories > Eco-friendly Backpack Market

Eco-friendly Backpack Market Share

Report ID: GMI11604
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Eco-friendly Backpack Market Share

The market is fragmented due to the variety of players involved. This market includes global brands like Adidas, Nike, and Patagonia, as well as niche companies such as Ecoalf and Pinqponq. This diversity offers consumers a range of styles, materials, and prices, meeting different preferences and values. Brands use various sustainability methods, leading to many product options—some use recycled materials, while others focus on ethical manufacturing or innovative design. This variety prevents any single player from dominating the market. Additionally, local and regional brands like Wildcraft India and Duluth Pack add to the fragmentation by serving specific markets and consumer needs. The rise of startups focused on sustainability also contributes to this fragmentation, bringing new designs and materials that attract environmentally conscious consumers.

Eco-friendly Backpack Market Companies

Major players operating in the eco-friendly backpack industry include:

Adidas
Clan Earth
Dakine
Duluth Pack
Ecoalf
EcoSacks
Komodo Fashion
Nike
Pinqponq
Patagonia
Samsonite
Sandqvist
Solgaard
Under Armour
Ucon Acrobatics
VF Outdoor
VIP Industries
Wildcraft India

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market was valued at USD 2.2 Billion in 2023 and is projected to grow at a CAGR of 9.8% from 2024 to 2032. Increasing consumer awareness about plastic waste, climate change, and resource depletion drives this growth.

The travel backpack segment dominated in 2023, capturing a 37.5% market share. It is expected to maintain its lead, reaching a valuation of USD 2 Billion by 2032. These backpacks offer functionality, ample space, organization, and comfort, appealing to eco-conscious consumers.

The Asia Pacific region leads with a CAGR of 10.3% and is expected to reach USD 1.9 Billion by 2032. Increased environmental awareness and government initiatives promoting sustainability drive this growth.

Key companies include Adidas, Clan Earth, Dakine, Duluth Pack, Ecoalf, EcoSacks, Komodo Fashion, Nike, Pinqponq, Patagonia, Samsonite, Sandqvist, Solgaard, Under Armour, Ucon Acrobatics, VF Outdoor, VIP Industries, and Wildcraft India.