Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Eco-friendly Backpack Market Size is Expected to Grow from USD 2.54 Billion in 2023 to USD 7.08 Billion by 2033, Growing at a CAGR of 10.79% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Eco-friendly Backpack Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Laptop Backpack, Travel Backpack, Hiking Backpack, and Others), By Material (Recycled Polyester, Cotton, Hemp, and Others), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Eco-friendly backpacks are a better alternative to bags made of traditional polymers because they are made from sustainable materials and employ green practices. These eco-friendly backpacks' manufacturing methods, which include solar-powered factories, water-saving procedures, and non-toxic dyes, have little effect on the environment. These backpacks focus on reducing their carbon footprint and are nobly manufactured. The industry is expanding as a result of customers' growing concern for environmental issues, including resource depletion, plastic waste, and climate change. The need for transparency in sourcing and production processes is also growing, which is pushing brands to embrace sustainable practices and make their efforts visible. Social media makes it possible for customers to advocate for sustainable products and share information, which enhances this trend. Customers are willing to pay more for environmentally friendly products, as evidenced by this change in their purchasing patterns. However, the high cost of eco-friendly products challenges the growth of the eco-friendly backpack market.
The travel backpack segment is expected to hold the largest market share of the global eco-friendly backpack market through the projected timeframe.
Based on the product type, the eco-friendly backpack market is classified into laptop backpack, travel backpack, hiking backpack, and others. Among these, the travel backpack segment is expected to hold the largest market share of the global eco-friendly backpack market through the projected timeframe. Travel backpacks are made to be practical and offer lots of space, comfort, and organization. This appeals to environmentally aware buyers seeking dependable equipment. As environmental concerns gain more attention, many tourists favor products that reflect their ideals. Owing to this inclination, eco-friendly travel backpacks composed of recycled textiles are particularly attractive.
The cotton segment is predicted to hold a significant market share in the global eco-friendly backpack market through the projected timeframe.
Based on the material, the eco-friendly backpack market is classified into recycled polyester, cotton, hemp, and others. Among these, the cotton segment is predicted to hold a significant market share in the global eco-friendly backpack market through the projected timeframe. The cotton plant yields cotton, a natural material that is both biodegradable and renewable. Owing to this, it appeals to customers who value the environment and prefer materials with less effect on the environment. Cotton's adaptability and durability make it appropriate for a range of uses, such as travel bags and casual daypacks.
The offline segment is expected to hold the highest market share of the global eco-friendly backpack market through the projected period.
Based on the distribution channel, the eco-friendly backpack market is classified into offline and online. Among these, the offline segment is expected to hold the highest market share of the global eco-friendly backpack market through the projected period. The ability to touch, feel, and try on things while shopping in physical places is crucial for assessing comfort, fit, and quality. This tangible experience promotes eco-friendly solutions by fostering confidence and trust. In addition, offline channels offer instant product access, which is especially convenient for travelers who want to purchase and utilize backpacks without having to wait for online shipment.
Europe is expected to hold the largest share of the eco-friendly backpack market through the forecast period.
Europe is expected to hold the largest share of the eco-friendly backpack market through the forecast period. Europe's strong dedication to environmental sustainability and its strong legal frameworks that encourage eco-friendly practices are responsible for this leadership. Owing to their increased awareness of environmental issues, European customers are calling for more sustainable products. Owing to this, eco-friendly backpacks have a large market share in this area. European nations have put strict laws and incentives into place to lower carbon emissions and promote environmentally friendly consumer practices. Extended producer responsibility and single-use plastic bans are two policies that have increased demand for eco-friendly products, such as backpacks made of sustainable fabrics and recycled materials.
Asia Pacific is predicted to grow at the fastest CAGR of the eco-friendly backpack market over the forecast period. The market is expanding in the Asia Pacific region for several important factors. Growing consumer awareness of environmental issues, such as pollution, climate change, and resource depletion, has increased demand for eco-friendly backpacks and other sustainable products. Government programs and laws that support sustainability and lessen plastic waste also incentivize producers and consumers to embrace environmentally friendly practices.
Company Profiling
Major key players in the eco-friendly backpack market include Clan Earth, Dakine, Duluth Pack, Ecoalf, EcoSacks, Komodo Fashion, Adidas, Nike, Pinqponq, Patagonia, Samsonite, Sandqvist, Solgaard, Ucon Acrobatics, VF Outdoor, VIP Industries, Wildcraft India, Under Armour, and Others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the eco-friendly backpack market based on the below-mentioned segments:
Global Eco-friendly Backpack Market, By Product Type
Global Eco-friendly Backpack Market, By Material
Global Eco-friendly Backpack Market, By Distribution Channel
Global Eco-friendly Backpack Market, By Regional Analysis
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