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School Bags Market Size, Share, 2019-2025 | Global Industry Report

School Bags Market Analysis Report By Fabric, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619680  |  Published: May 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global school bags market size was accounted for USD 16.77 billion in 2018. The market is expected to witness a CAGR of 5.6%, during the forecasted years. This growth can be attributed to increasing admissions of kids in schools across developing regions like the Asia Pacific and Middle East and Africa. Moreover, various initiatives undertaken by the governments for promoting education among kids is expected to drive the market growth for school bags in the upcoming years.

Need for providing basic education to kids is gaining importance across the globe. This need has led to the formation of several schools and colleges in developed as well as developing regions. For example, the survey by the National Center for Education Statistics stated that the total number of students in secondary and elementary schools was around 56.6 million during the year 2018. This rising student enrollment had created a huge demand for school supplies like school bags, thereby driving the market growth.

China school bags market size

Growing demand for purchasing spacious, good looking and sturdy bags as per the latest fashion trends is acting as a major driving factor in the market growth for school bags. Moreover, the need for good quality of bags that can last long and can withstand heavy loads without causing problems to shoulders of the kids are expected to boost the drive the demand for good quality of school bags.

Additionally, usage of tablets and laptops among the kids is increasing owing to emerging trend of virtual and online learning. Therefore, the demand for bags that have separate compartments for these electronic appliances is rising. Moreover, rising trend of using recycled plastics for the production of school bags is increasing thereby driving the market growth in the upcoming years.

Fabrics Insights

In 2018, polyester segment held the largest share across the global market. This segment is anticipated to register the highest growth during the forecasted years, 2019 to 2025. This growth can be associated with its excellent strength as compared to rest of the fabrics.  Moreover, its feature of being waterproof also helps to withstand extreme weather conditions, thereby boosting its market demand.

The nylon fabric segment held the second-highest share across the global market. This can be attributed to its feature of elasticity. Thus, it can be widely used for the production of bags that can sustain heavyweights. Moreover, availability of variety of products with different patterns and fashion is anticipated to drive the market growth in the upcoming years.

Distribution Channel Insights

In 2018, the online segment is anticipated to witness the fastest CAGR during the forecasted years, 2019 to 2025. This growth can be attributed to extensive usage of smartphones and internet among the millennial population across the globe. Moreover, emergence of e-commerce industry owing to benefits like doorstep delivery, free shipping, and hassle-free return policy is expected to pave the way for the market growth for school bags during the forecasted years, 2019 to 2025.

Global school bags market share

The offline distribution channel segment held the highest share of around 80% across the global market for school bags. This growth can be associated with increasing presence of retail stores, supermarkets, hypermarkets, Omni channels, and specialty stores. Moreover, provision for physical verification of bags before making the buying decision is still prevalent among the population. Furthermore, unorganized players across the local markets are also fetching out for retail shops to increase the sale of their products.

Regional Insights

In 2018, Asia Pacific held the highest share across the global school bags market. It is also anticipated to register the highest growth rate during the forecasted years, 2019 to 2025. This growth can be attributed to rising population across countries like China and India coupled with rising awareness regarding the need for education among the rural population.

Europe is also expected to witness significant growth during the forecasted years. This growth can be associated with increasing disposable income among the working population coupled with rising enrollments in schools across countries like U.K., Germany, and France.

School Bags Market Share Insights

The market for school bags includes key players such as Puma; Targus Inc.; Nike; Delsey; Belmil; Herschel Supply Company; Wildcraft; VF Corp; and VIP Industries. These players are continuously focusing on product development and innovation to launch variety of products having good fabrics and more durability. For example, extra padded bags were launched by Nike for reducing the weight on the arms and shoulders of children.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S.,U.K., Germany, China, India, Brazil, and Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global school bags market report based on fabrics, distribution channel, and region:

• Fabrics Outlook (Revenue, USD Million, 2015 - 2025)
    • Canvas
    • Polyester
    • Nylon
    • Leather
    • Others

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East and Africa
        • Saudi Arabia

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