Market Research Future has published a cooked research report on the global bags market, 2018–2027.
The global bags market is projected to exhibit a CAGR 4.9% during the forecast period, 2020 to 2027.Market Research Future identified Nike, Inc. (US), Adidas AG (Germany), Samsonite International SA (Hong Kong), VF Corporation (US), Puma SE (Germany), Louis Vuitton (France), Delsey (France), Hershel Supply Company (Canada), Jensen Lee (US), and Belmil (Serbia)as the key players in the global bags market.
Market Highlights The global bags market is projected to be valued at USD 94.63billion by 2027, expanding at a CAGR of 4.9% during the forecast period.The exchange of gifts has long been thought of as a fundamental part of human relationships.
People tend to gift at various occasions, such as anniversaries, birthdays, Friendship Day, Valentine’s Day, Mother’s Day, and Father’s Day.
This also helps the companies build their brand image.
The wide variety of bags available in the market offer better options to choose from, which is an added advantage.