Tote Bags Market Size & Share, Material (Canvas, Leather, Fabric, Cloth, Jute, Embellished, Faux Leather, Nylon, Polyvinyl Chloride); Application; Distribution Channel - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 566
  • Published Date: Dec 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Tote Bags Market size was valued at USD 73.1 billion in 2024 and is poised to exceed USD 132.9 billion by 2037, registering over 4.7% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of tote bags is estimated at USD 76.6 billion.

The rising prevalence of tote bag adoption stems from its popularity as a fashion accessory and environmental regulations against single-use plastic bags, which positions tote bags as an alternative. For instance, Trader Joe’s mini tote bags went viral on social media platforms in 2024 and were resold for much higher than their original value on platforms like eBay. In June 2024, the grocery chain leveraged the popularity of its mini tote bags by restocking them as mini-insulated tote bags.

The widespread adoption across commercial and retail sectors is poised to create profitable revenue streams for the global tote bags market. The demand for tote bags is positioned to rise in urban areas with consumers prioritizing durable, aesthetic, and eco-friendly bags. Manufacturers are leveraging the surging demands by launching tote bags with innovative designs to stand out in the competitive market. For instance, in February 2023, Modern Meadow launched the first-ever plant-based leather alternative tote, the Ella Bio, that will have an outer shell crafter in BioFabbrica Bio-Tex based material.

The flexibility of the bags allows integration with unique cultural designs of various regions, boosting expansion in regional markets. For instance, in June 2024, the Indigenous Literacy Foundation (ILF) announced the launch of four new tote bags with illustrations from Country Tells us When, a story dedicated to the people of the Kimberley region in Australia.  Additionally, small-and-medium sized businesses are able to provide unique customized tote bags due to advancements in printing technology.

Furthermore, digital and social media platforms boost marketing campaigns aimed at increasing tote bag sales by leveraging the growing demands globally. The tote bags market is positioned to leverage the favorable trends to maintain the growth curve by the end of the forecast period.


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Tote Bags Sector: Growth Drivers and Challenges

Growth Drivers

  • Growth of e-commerce platforms & retail industry: The rapid growth of e-commerce platforms has impacted the accessibility of tote bags as well as changed consumer preferences regarding functional accessories. Popular e-commerce platforms such as Amazon, Alibaba, Shopify, etc., provide varied options to consumers. Key players in the tote bags sector are able to expand to emerging markets globally due to proliferation of e-commerce platforms. Luxury brands such as Ralph Lauren are leveraging the ease of accessibility of e-commerce platforms by promoting tote bags for women in emerging economies with rising disposable incomes.

    Additionally, tote bags have been positioned as value-added products in retail stores to improve customer experience and drive brand loyalty. Customizable tote bags are used as branding tools for promotional campaigns and exclusive packaging.Furthermore, tote bags as point-of-sale marketing is on the rise with the global expansion of retail brands. In July 2024, the canvas tote bag of Land’s End became its best-selling product after investing in marketing and upper-funnel activations to capitalize on the surging market interest.
  • Rising popularity as a fashionable accessory: The tote bags market has benefited from the surging popularity as a fashionable and functional accessory. A key marker of the transition is the launch of tote bags by luxury brands. For instance, in February 2024, Veronica Beard announced the debut launch of its first handbag collections globally that will include luxurious carryall totes.

    Additionally, the integration of tote bags in major fashion events expands the end user demographics, as they are marketed to the male categories as much as the female categories in recent times. Furthermore, style-savvy and eco-conscious customers are emerging as premier demographics for tote bag sales and brands are accordingly leveraging the rising interests by positioning sustainable bags. For instance, in November 2023, Liz Jordan-Hill announced expansion into the fashion accessory market by launching the Liz Jordan-Hill luxury upcycled suede leather carryall tote bag.
  • Advancements in customization & social media popularity: Innovations in printing technology has boosted mass production of customized tote bags at competitive prices. Advancements in packaging designs that allow incorporation of vibrant colors, intricate designs, and eco-friendly inks enable brands to stand out in the competitive market. For instance, in October 2024, Ask Scandinavia and Spinnova launched a limited-edition tote bag based on Nordic design to integrate a minimalist style while maintaining durability. Furthermore, it allows brands to use tote bags as a tool to enhance brand recall.

    The social media boom of positive promotion for tote bags is a significant driver in generating market buzz and boosting sales, benefiting the tote bags sector. Platforms such as Instagram, TikTok, and Pinterest have played major roles in popularizing tote bag designs and positioning them as stylish, aesthetic, and eco-friendly accessories. Viral social media campaigns highlighting tote bags as must-have items for daily use, travel, and shopping requirements has led to surging interests amongst the millennial and Gen Z demographics via FOMO marketing. For instance, Instagram registered hashtag usage of 11 million for the keyword totebag and 2.2 million for totebags in November 2024.

Challenges

  • Market saturation and rising competition: The tote bags market share is saturated with major luxury brands along with small & medium sized businesses competing. The relatively low barrier of entry has led to a large number of manufacturers creating price wars and downsizing profit margins. Furthermore, the tote bags market is posed with challenges of counterfeit products of luxury brands that can cripple the profit margins further.
  • Short product lifecycles and changing consumer preferences: Numerous tote bag products suffer from short product lifecycles. The demand for multifunctional tote bags pressurizes manufacturers to balance practicality with aesthetics as well as sustainability. Furthermore, rapidly changing consumer preferences regarding design and styling of tote bags necessitates constant innovation by manufacturers.

Tote Bags Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

4.7%

Base Year Market Size (2024)

USD 73.1 billion

Forecast Year Market Size (2037)

USD 132.9 billion

Regional Scope

  • North America (U.S., and Canada) 
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia-Pacific) 
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) 
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America) 
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa) 

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Tote Bags Segmentation

Material (Canvas, Leather, Fabric, Cloth, Jute, Embellished, Faux Leather, Nylon, Polyvinyl Chloride)

Canvas segment is expected to account for tote bags market share of around 26.7% by 2037. The durability of canvas tote bags has led to larger adoption from consumers and businesses in comparison to tote bags made out of other materials. The reusable features of canvas bags position them as an alternative to plastic bags as well as an attractive option for eco-conscious customers. Brands are leveraging the rising interest in canvas bags to launch luxury tote bags for high-end consumers. For instance, in September 2024, Jimmy Dean launched a limited-edition griddle tote bag featuring thick canvas material and is designed to help students breakfasts more appealing.

The leather segment of the tote bags market is expected to expand by the end of the forecast period. Leather is associated with luxury, and the growing popularity of high-end tote bags is poised to boost demands for bags crafter with leather. In January 2024, Net-a-Porter reported a 300% increase in searchers of leather tote bags, indicating the surge in interest.

Additionally, leather bags are increasingly favored in high-end retail and corporate gifting. The combination of luxury with ethical products is set to provide new opportunities for the tote bags market. For instance, in November 2024, MODChic Leather, the sister company of MODChic Couture, launched a vegan leather tote bag, i.e., Nene with detachable strap.

Application (Shopping, Casual Everyday Tote, Laptop Tote, Sports Tote, Business and Travel Tote, Personalized Tote)

The shopping segment is estimated to experience the largest application in the tote bags market during the forecast period. A major driver is the large-scale use of tote bags in retail stores to reduce single-use plastic usage. Additionally, the versatility of tote bags owing to their reusability and durability increases their application in grocery or retail purchases. An increase in e-commerce and curbside pickup services further contributes to the demand for reusable shopping bags.

Manufacturers can leverage the demand for aesthetic and stylish tote bags that are durable, for multi-faceted use in shopping and as a fashion accessory. For instance, in 2023, the Marc Jacobs tote bag, a popular product, gained more than 80 million views on TikTok while google searches for the tote bag soared indicating consumer interests in versatile tote bags.

Our in-depth analysis of the global tote bags market includes the following segments

Material

  • Canvas
  • Leather
  • Fabric
  • Cloth
  • Jute
  • Embellished
  • Faux Leather
  • Nylon
  • Polyvinyl Chloride

Application

  • Shopping
  • Casual Everyday Tote
  • Laptop Tote
  • Sports Tote
  • Business and Travel Tote
  • Personalized Tote

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Tote Bags Industry - Regional Scope

North America Market Forecast

North America in tote bags market is projected to dominate over 29.6% revenue share by 2037. The high rate of disposable income in the region positions manufacturers to provide luxury tote bags for consumers who are conscious of aesthetics and fashion trends. The celebrity endorsements of tote bags in the region benefit the acceptance of products in mainstream fashion. Additionally, the advent of materials such as organic cotton, jute, and vegan leather in production is poised to expand the consumer base, benefiting the tote bags sector.

The U.S. is poised to remain the largest domestic tote bags market in North America. The growth of the sector in the country is attributed to social media trends boosting visibility of tote bags amongst younger demographics and bans on single-use plastic in various states. For instance, in January 2024, Environment America reported a ban on single-use plastics in California, Connecticut, Delaware, Hawaii, Maine, New Jersey, New York, Oregon, Vermont, Washington, Rhode Island, and Colorado. This opens lucrative opportunities to integrate tote bags as the go-to option for shopping.

Additionally, demand for sustainable, cruelty-free material for tote bags creates new revenue streams that manufacturers can leverage. Vegan fabrics such as organic cotton, hemp, seaweed, beech tree fiber, etc., are being researched for further applications in commercial tote bag production. Furthermore, the impact of social media on sales and popularity can be ascertained by the case of Boat and Tote canvas bag of L.L. Bean which saw a resurgence in sales due to social media popularity reporting 64% growth between 2021 to 2023.

Canada is poised to register growth in its domestic tote bags market by leveraging an expanding consumer base that prefers sustainable lifestyles and strong environmental policies in the country. Additionally, the Organization for Economic Cooperation and Development (OECD) estimated the average per capita disposable income as USD 34.4 thousand a year per household which is higher than the OECD average of USD 30.4 thousand a year. The trends indicate a demographic that is willing to spend on high-end products, positioning versatile luxury tote bags for expansion in the domestic market.

APAC Market Forecast

The APAC tote bags market is projected to register the fastest growth during the forecast period. The region’s rich artisanal craftsmanship creates a tote bags market with unique designs. Abundance of raw materials such as bamboo and jute creates a stable supply chain for sustainable tote bags. Furthermore, the heightened consumption of global fashion standards in APAC has boosted demand for tote bags in the region. Additionally, numerous APAC countries have banned single-use plastics positioning tote bags as an alternative. In April 2021, Woolworths partnered with Detpak in a multi-million-dollar deal to produce locally made tote bags to support jobs and the local industries.  

China is projected to retain its spot as a leading domestic tote bags market. The robust manufacturing base in the country is conducive for large-scale tote bags production while government policies seeking to curb use of plastics assist the adoption of tote bags. Furthermore, green shopping festivals, such as the annual Green Consumption festival in Huangpu, promotes use of tote bags made of sustainable materials.

With an increasing number of shopping malls in the country embracing green initiatives and the handbag culture embraced by the young demographics in the country highlights a burgeoning shift to a new consumption culture, that sustainable brands can leverage. In September 2020, KFC and Karl Lagerfeld collaborated to release limited edition hand bags that were sold out, indicating the potential of novelty tote branded tote bags for a changing culture of consumption.

India is profitable tote bags market and is expected to increase its market share by the end of the forecast period. The country is a leading producer of jute and cotton, benefiting a stable supply chain for commercial production of tote bags. Furthermore, tote bags for women in the country is a rising segment experiencing an increased buzz in interest. In August 2023, Titan Business Irth launched its first line of canvas bags for women, including a canvas tote featuring tanned leather. The favorable trends for expansion indicate the domestic tote bags market for sustained growth, catering to premium and value-conscious customer bases.

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Companies Dominating the Tote Bags Landscape

    The global tote bags market is anticipated to witness significant growth during the forecast period. Key players are investing to increase production of tote bags and integrate sustainable materials to promote vegan and eco-friendly leather bags to promote to a wider base of consumers and increase their revenue shares.

    Here are some key players in the tote bags market:

    • Michael Kors Holdings Ltd.
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
    • Boston Bag Co.
    • Lauren Ralph Lauren
    • DKNY
    • Ted Baker
    • Fred Perry
    • Hennes & Mauritz AB
    • Dugros Leather
    • YC Making Ltd.
    • Enviro Tote
    • Rickshaw Bagworks
    • Nonwoventotes

In the News

  • In November 2024, Lee announced a new curated line of totes and handbags that will pay homage to the denim heritage of the brand. The totes and handbags will be made from vegan leather and will be available via TikTok Shop, which will be a first for the brand.
  • In November 2024, Bogg announced an expansion of its retail footprint in nationwide Target stores with the limited-edition Bullseye Tote. Bogg’s viral sensation is projected to assist over USD 200 million in lifetime sales.

Author Credits:  Parul Atri


  • Report ID: 566
  • Published Date: Dec 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The tote bags market registered a valuation of USD 73.1 billion in 2024, at a CAGR of 4.7% during the forecast period, i.e., 2025-2037.

The tote bags sector was valued at USD 73.1 billion in 2024 and is poised to register USD 132.9 billion by 2037 at a CAGR of 4.7% during the forecast period, i.e., 2025-2037.

The major players in the market are Michael Kors Holdings Ltd., Boston Bag Co., Lauren Ralph Lauren, DKNY, Ted Baker, Fred Perry, Hennes & Mauritz AB, Dugros Leather, YC Making Ltd., Enviro Tote, Rickshaw Bagworks, Nonwoventotes, UNIQLO, and others.

The canvas segment of the tote bags sector is estimated to dominate the tote bags market share. The segment is poised to register 26.7% of the market share by the end of the forecast period owing to the versatility of canvas tote bags, boosting their sales.

North America is estimated to be the most profitable region in the global tote bags market with a 29.6% revenue share due to rising demand for tote bags owing to their rising visibility in mainstream fashion and for their versatile uses.
Tote Bags Market Report Scope
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