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.
Growth Drivers
Challenges
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 |
|
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 |
|
Application |
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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.
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:
Author Credits: Parul Atri
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