PUBLISHER: The Business Research Company | PRODUCT CODE: 1531899
PUBLISHER: The Business Research Company | PRODUCT CODE: 1531899
Canvas bags are robust, reusable bags crafted from heavy-duty cotton fabric, renowned for their ability to withstand heavy items and frequent use. They are not only environmentally friendly but also offer customization options, making them both practical and stylish.
The main types include backpacks, canvas sling bags, canvas tote bags, grocery bags, gift bags, beach bags, and others. Backpacks are designed to be worn on the back, featuring shoulder straps for comfortable carrying during outdoor activities or daily commutes. Canvas bags are available in various weights, categorized as less than 5 ounces (oz), 6 to 10 ounces (oz), 11 to 15 ounces (oz), 16 to 20 ounces (oz), and over 20 ounces (oz). They cater to different end-users such as shopping, travel, office, schools or colleges, and more.
The canvas bags market research report is one of a series of new reports from The Business Research Company that provides canvas bags market statistics, including the canvas bags industry global market size, regional shares, competitors with canvas bags market share, detailed canvas bags market segments, market trends, and opportunities, and any further data you may need to thrive in the canvas bags industry. These canvas bags market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The canvas bags market size has grown strongly in recent years. It will grow from $0.99 billion in 2023 to $1.05 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth observed in the historical period can be attributed to several factors, including legislation and bans on plastics, economic influences, a cultural shift towards minimalism, educational initiatives in schools promoting sustainability, particularly encouraging younger generations to adopt reusable bags, and the rise of the zero-waste movement.
The canvas bags market size is expected to see strong growth in the next few years. It will grow to $1.33 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be attributed to increasing demand for backpacks, government initiatives aimed at raising awareness about eco-friendly bags, the cost-effectiveness of canvas bags, a cultural trend towards sustainable living, and municipal bans on plastic bags that promote the use of canvas bags. Major trends expected in this period include the incorporation of health-conscious features, integration of technology into canvas bags, advancements in fabric treatments, innovations in reusable bag technologies, and the adoption of eco-friendly manufacturing practices.
The canvas bags market is poised for growth driven by two key factors, the expansion of the e-commerce and textile industries. E-commerce involves online buying and selling, offering convenience, wide product variety, competitive pricing, easy comparison, and personalized shopping experiences. Canvas bags play a crucial role in e-commerce for packaging, promotional purposes, enhancing customer engagement, and promoting sustainability, thereby bolstering brand image. For instance, U.S. retail e-commerce sales totaled $289.2 billion in the first quarter of 2024, reflecting a 2.1% increase from the previous quarter and underscoring the sector's growth potential.
The textile industry, encompassing the production of fibers, yarns, fabrics, and finished textile products, is expanding due to factors such as population growth, urbanization, economic development, and evolving fashion trends. Canvas bags are integral to the textile sector for packaging, storage, transport, and promoting sustainability efforts. For example, India's textile and apparel exports surged by 41% year-over-year to reach US$ 44.4 billion in 2022, highlighting robust industry growth and its positive impact on the canvas bags market.
Leading companies in the canvas bags market are innovating to meet rising demand for eco-friendly and versatile tote bags. Tote bags are large, handle-equipped bags used for shopping, daily use, or as fashion accessories. For instance, SANVT recently introduced its canvas tote bags made from 100% certified organic cotton with a sturdy 310 GSM panama weave. These bags, designed in Poland and pre-washed for durability, feature practical elements such as a laptop pocket, clip-on pockets for coins and keys, and an exterior bottle carrier, catering to diverse consumer needs while emphasizing sustainability.
Major companies operating in the canvas bags market are Titan Company Limited, Patagonia Inc., Herschel Supply Company, C.C. Filson Co., Timbuk2, Qwstion, Union Wear, LBU Inc., Topo Designs, Duluth Pack, Cross Canvas Company, Landes, Baggu, A. Smith & Son Inc., Earthyy Bags, Blivus Bags Private Limited, Tarps Now, Trakke, Mismo Copenhagen, Korchmar, United By Blue
North America was the largest region in the canvas bags market in 2023. The regions covered in the canvas bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the canvas bags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The canvas bags market consists of sales of grocery totes, stylish handbags, promotional bags, and duffel bags. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Canvas Bags Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on canvas bags market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for canvas bags ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The canvas bags market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.