Eco-friendly Backpack Market Size is valued at USD 2.15 billion in 2023 and is predicted to reach USD 3.84 billion by the year 2031 at a 7.70% CAGR during the forecast period for 2024-2031.
Eco-friendly backpacks represent a commendable sustainable option, generally constructed from environmentally benign materials and production methods. Growing consumer demand for ethical and environmentally sensitive items, along with increased knowledge of environmental sustainability, has resulted in a notable spike in the global market for eco-friendly backpacks in recent years. Backpacks composed of eco-friendly materials and produced through eco-friendly methods are becoming more popular as consumers grow more picky about the things they buy. The market for eco-friendly backpacks is vibrant and changing quickly. The market for eco-friendly backpacks is predicted to rise as long as customers continue to place a high value on sustainability and ethical consumption. Businesses may satisfy the requirements of environmentally conscious consumers & contribute to a more sustainable future by embracing opportunities and tackling difficulties.
However, increased production costs, the possibility that eco-friendly backpacks won't be as widely accessible as conventional models, which would restrict customer choice, and a lack of uniformity are factors that may limit the growth of the target market. Furthermore, eco-friendly backpacks are becoming more and more popular. Therefore, companies that value sustainability and can satisfy consumer demand will find great success in this sector.
Competitive Landscape
Some Major Key Players In The Eco-friendly Backpack Market:
- Eco-Bags
- Heiko Clothing
- EcoRight
- Sumki
- IKEA
- Organic Cotton Mart
- Paper Bag
- Terra Thread
- Simple Ecology
- Gallant
- LOVE BAGS
- Envirosax
- BIDBI
- Ecoduka
- noissue
- Enviro-Tote
- KeenBags
- ChicoBag
- Simply Eco
- Ecosilk Bags
- Hervé Chapelier
- Premium Ecobags
- Other Market Players
Market Segmentation:
The eco-friendly backpack market is segmented on the basis of product type, material, closure type, capacity, and distribution channel. Based on product type, the market is further categorized into travel backpacks, laptops, hiking, and other types. The other product type segment includes mini backpacks, etc. Based on material, the market is segmented as cotton, hemp, recycled polyester, and others. The other material segment includes recycled nylon, etc. By closure type, the market is segmented into zipper and drawstring. By capacity, the market is segmented into up to 10 litres, 10-15 litres, 15-20 litres, 20-25 litres, and above 25 litres. As per the distribution channel segment, the market is segmented into offline (direct sales and indirect sales) and online (e-commerce websites and company-owned websites).
Based On Product Type, The Laptop Backpack Segment Accounts For A Major Contributor To The Eco-Friendly Backpack Market.
The laptop backpack category is expected to hold a major share of the global eco-friendly backpack market. The growing demand for eco-friendly, fashionable, and useful solutions among tech-savvy professionals and consumers is the driving force behind this explosive expansion. There is a growing need for laptop backpacks that combine strong security for electronic equipment with environmental responsibility as remote work and digital nomadism become more common. These eco-friendly laptop backpacks generally use recycled materials such as recycled polyester or eco-friendly fabrics like organic cotton and bamboo. They are made to be extremely useful, with padding and pockets made especially to protect computers and other electronic equipment. The emphasis on usefulness and durability is in line with consumers' increasing need for goods that satisfy their daily needs while also being ecologically sustainable.
The Online Sales Channel Segment Witnessed Growth At A Rapid Rate.
The online sales channel category is projected to grow rapidly in the global eco-friendly backpack market, owing to online sales of eco-friendly backpacks having increased significantly as a result of the growth of e-commerce. These products are now more widely available to a larger audience thanks to online marketplaces and specialized eco-friendly retailers. The market for eco-friendly backpacks is expanding due to customer demand for sustainable products and the ease of shopping online.
In The Region, The European Eco-Friendly Backpack Market Holds A Significant Revenue Share.
The European eco-friendly backpack market is expected to record the very large market revenue share in the near future. The market for eco-friendly backpacks in Europe has been growing steadily in recent years due to rising customer demand for sustainable products and increased awareness of environmental issues. Consumers are seeking alternatives to traditional backpacks constructed from synthetic materials as their awareness of the environmental impact of their purchases increases.
Concerns over pollution, climate change, and the depletion of natural resources are growing among Europeans. The demand for sustainable & eco-friendly products has increased as a result of this. The governments of Europe have put in place a number of programs and laws to encourage sustainability and cut waste. Backpacks and other environmentally friendly products are now in high demand.
Eco-friendly Backpack Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 2.15 Bn |
|
Revenue Forecast In 2031 |
USD 3.84 Bn |
|
Growth Rate CAGR |
CAGR of 7.70% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product Type, Material, Closure Type, Capacity, And Distribution Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Eco-Bags, Heiko Clothing, EcoRight, Sumki, IKEA, Organic Cotton Mart, Paper Bag, Terra Thread, Simple Ecology, Gallant, LOVE BAGS, Envirosax, BIDBI, Ecoduka, noissue, Enviro-Tote, KeenBags, ChicoBag, Simply Eco, Ecosilk Bags, Hervé Chapelier, Premium Ecobags |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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