The revenue in the 'Suitcases & Briefcases' segment of the accessories market in North America was forecast to continuously increase between 2024 and 2029 by in total 0.3 billion U.S. dollars (+4.27 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 7.34 billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the 'suitcases & briefcases' segment of the accessories market in Europe and the revenue in the 'bags & containers' segment of the accessories market in Europe. The Statista Market Insights cover a broad range of additional markets.

Global Suitcase and Briefcase Market size was valued at USD 30.2 billion in 2021 and is poised to grow from USD 31.9 billion in 2022 to USD 49.6 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

The Travel Bags Market is likely to hold the global market at a moderate CAGR of ~8.3% during the forecast period. The global market holds a forecasted revenue of ~US$ 16.9 Billion in 2022 and is likely to cross ~US$ 37.5 Billion by the end of 2032.

Attribute	Details
The Travel Bags Market Estimated Size (2021)	~US$ 15.2 Billion
The Travel Bags Market Estimated Size (2022)	~US$ 16.9 Billion
The Travel Bags Market Projected Size (2032)	~US$ 37.5 Billion
The Travel Bags Market CAGR (2022 to 2032)	~8.3%

Scope Of Report

Attribute	Details
Growth Rate	CAGR of ~8.3% from 2022 to 2032
Base year for estimation	2021
Historical Data Available for	2017 to 2021
Forecast Period	2022 to 2032
Quantitative units	Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032
Report coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis
Segments covered	Material Used, Type of Bag, Distribution Channel, Price Range, Region
Country scope	USA; Canada; Mexico; Germany; UK; France; Italy; Spain; Russia; India; Thailand; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa
Key Companies Profiled	Samsonite Company Stores United States Luggage Company (LLC) Ace Co. Ltd. Delsey SA, Crown VIP Industries Ltd. Antler Away New Travel Sports Co. Ltd. Eagle Creek Targus Group International Inc. Shanghai Fochier Intel’ Co. Ltd. Tumi Travelpro International Inc. Rimova Everest Others
Customization scope	Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.

The global revenue in the suitcases & briefcases segment of the accessories market was forecast to continuously increase between 2023 and 2026 by 7.2 billion U.S. dollars (+16.4 percent). The revenue is estimated to amount to 51.05 billion U.S. dollars in 2026.

The global suitcase and briefcase market is valued at USD 33.5 billion, driven by rising global travel trends and consumer preferences for premium, durable luggage options.

The revenue in the 'Suitcases & Briefcases' segment of the accessories market in Europe was forecast to continuously increase between 2024 and 2029 by in total 1.1 billion U.S. dollars (+11.42 percent). After the seventh consecutive increasing year, the revenue is estimated to reach 10.7 billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the accessories market in Poland and the revenue in the 'suitcases & briefcases' segment of the accessories market in the world. The Statista Market Insights cover a broad range of additional markets.

The size and share of the market is categorized based on Application (Specialist Retailers, Hypermarkets, E-Commerce, Others) and Product (Hard Luggage Bags, Soft Luggage Bags) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The global sales of medical specialty bag are estimated to be worth USD 9,606.1 million in 2025 and anticipated to reach a value of USD 15,351.8 million by 2035. Sales are projected to rise at a CAGR of 4.8% over the forecast period between 2025 and 2035. The revenue generated by medical specialty bag in 2024 was USD 9,178.6 million. The industry is anticipated to exhibit a Y-o-Y growth of 4.6% in 2025.

Metric	Value
Industry Size (2025E)	USD 9,606.1 million
Industry Value (2035F)	USD 15,351.8 million
CAGR (2025 to 2035)	4.8%

Semi-Annual Market Update

Particular	Value CAGR
H1	5.3% (2024 to 2034)
H2	4.3% (2024 to 2034)
H1	5.5% (2025 to 2035)
H2	4.1% (2025 to 2035)

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
USA	3.1%
Canada	2.4%
Brazil	4.7%
Argentina	5.3%
Germany	1.9%
China	5.8%
India	6.7%

Category-wise Insights

Material Type	Value Share (2025)
Polypropylene (PP)	35.1%

Capacity	Value Share (2025)
501-1000 ml	42.7%

The global bulk bag market size is anticipated to be worth US$ 6.0 billion by 2034. According to the estimates, the market is projected to clock a 2.6% CAGR until 2034. In 2024, the bulk bag market size is valued at US$ 4.6 billion.

Attributes	Details
Bulk Bag Market Size, 2023	US$ 4.5 billion
Bulk Bag Market Size, 2024	US$ 4.6 billion
Bulk Bag Market Size, 2034	US$ 6.0 billion
Value CAGR (2024 to 2034)	2.6%

Category-wise Insights

Segment	Type C (Fabric Type)
Value Share (2024)	41.5%

Segment	U-panel Bag (Design)
Value Share (2024)	26.2%

Country-wise Insights

Countries	Value CAGR (2024 to 2034)
United States	1.3%
Germany	1.1%
India	5.8%
Japan	1.3%
South Korea	1.6%

The global travel bag market was valued at USD 37 Billion in 2017, and is anticipated to reach USD 46 Billion by 2027. market is expected to witness CAGR of 6.5%.

In 2017, approx. X units of suitcases were imported into Saudi Arabia; surging by X% against the previous year. Overall, suitcases imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016, when it surged by X% y-o-y. Saudi Arabia imports peaked in 2017, and are likely to see steady growth in the near future.In value terms, suitcases imports amounted to $X in 2017. In general, suitcases imports continue to indicate a strong growth.

The size and share of the market is categorized based on Type (Hard Luggage Bags, Soft Luggage Bags) and Application (Specialist Retailers, Hypermarkets, E-Commerce, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The size and share of the market is categorized based on Application (Hard-shell luggage, Soft-shell luggage, Carry-on luggage, Checked baggage) and Product (Leisure travel, Business travel, International travel, Domestic travel) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Snapshot img

Travel And Business Bags Market Size 2024-2028

The travel and business bags market size is forecast to increase by USD 13.88 billion at a CAGR of 8.09% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the increasing demand for lightweight travel bags, as consumers seek convenience and portability In their luggage. The market is expected to grow significantly In the coming years, reflecting the ongoing trend of global travel and the importance of staying connected while on the go. Additionally, the trend toward smart features in travel and business bags is gaining momentum, with consumers looking for bags that offer charging ports, RFID protection, and other advanced technologies. However, the market is also facing challenges such as rising labor costs and fluctuating raw material prices, which can impact the affordability and profitability of manufacturers. Overall, the market is expected to continue growing as consumers prioritize functionality, durability, and style In their travel and business bags.

What will be the Size of the Travel And Business Bags Market During the Forecast Period?

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The market encompasses a wide range of commodities designed to accommodate the transport of clothes, important documents, and electronic gadgets during business trips and vacations. This market caters to the growing population with increasing income and a changing lifestyle, as well as the booming tourism sector. Materials used In the production of these bags include textile, coated fabrics, jute, and leather. Fashion trends continue to influence the market, with an emphasis on durability and lightweight designs. Duffel bags, business bags, trolley bags, suitcases, and luggage are popular categories within this market. The demand for these bags is driven by the need for convenience and functionality, as individuals seek to efficiently transport their belongings while maintaining a professional appearance.

How is this Travel And Business Bags Industry segmented and which is the largest segment?

The travel and business bags industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Travel bags
  Business bags


Distribution Channel

  Offline
  Online


Geography

  Europe

    Germany
    UK
    France


  APAC

    China


  North America

    US


  Middle East and Africa



  South America

By Product Insights

The travel bags segment is estimated to witness significant growth during the forecast period.

Travel bags, which encompass duffel bags, trolley bags, suitcases, and backpacks, have witnessed significant growth due to the increasing popularity of tourism, adventure tours, and outdoor activities, particularly in developing regions. The rise in international tourist arrivals, with an estimated 975 million tourists traveling between January and September 2023 (UNWTO), has fueled the demand for these bags. Travel bags are available in various materials, including hard-side, soft-side, and hybrid luggage. The trend towards lightweight and durable bags, as well as changing lifestyles and consumer preferences for fashionable and functional designs, further boosts the market growth. Additionally, the entertainment sector, economic standards, and population growth in emerging markets contribute to the expanding demand for travel bags.

However, challenges such as counterfeit products and the unorganized sectors pose threats to market growth. Product innovations, such as smart locks and unique designs, are expected to attract consumers and enhance their travel experiences.

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The travel bags segment was valued at USD 16.9 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 32% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European market is projected to expand due to the region's reputation as a fashion hub, with numerous renowned brands present. The substantial availability of travel and business bags caters to the growing demand. Major contributors to the market are Germany, France, and the UK. European cities are renowned for their fashion-conscious population, making luxury travel and business bags essential fashion accessories. The market's growth is influenced by factors like changing lifestyles, increasing eco

Global Shopping Bag Market is projected to reach USD 23.4 Billion by 2033, with a 5.9% CAGR from 2024 to 2033.

The Bag-In-Box Packaging Market Report is Segmented by Capacity (0-5 Liter, 5-10 Liter, and Greater Than 10 Liter), by End-User Industry (Beverage, [alcoholic Drinks and Non-Alcoholic Drinks], Food, Pharmaceutical and Medical, Industrial [Chemical, Paintings, and Coatings], Personal Care and Homecare, and Other End-Use Industries [Automotive, Agriculture, and Pet Food] and Geography (North America [United States, Canada], Europe [United Kingdom, Germany, France, Italy, and Rest of Europe], Asia-Pacific [China, India, Japan, Australia and New Zealand, Rest of Asia-Pacific], Latin America [Brazil, Mexico, Rest of Latin America], Middle East and Africa [United Arab Emirates, Saudi Arabia, South Africa, and Rest of Middle East and Africa]). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The revenue in the suitcases & briefcases segment of the accessories market in Canada saw fluctuations between 2014 and 2026. The revenue of this market increased by two percent in 2022, and is forecast to grow further at a rate of 3.4 percent in 2024.

Snapshot img

Smart Carry-on Bags Market 2024-2028

The smart carry-on bags market size is estimated to grow by USD 340.82 million between 2023 and 2028
The market is accelerating at a compound annual growth rate of 6.85%.

This smart carry-on bags market report extensively covers market segmentation by technology (USB charging and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growth of the smart carry-on bags market is propelled by the enforcement of weight regulations on carry-on bags by airlines, although its progress is hindered by the high costs associated with smart carry-on bags. Furthermore, there is a notable upward trend in the advent of e-commerce.

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Smart Carry-on Bags Market Major Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Smart Carry-on Bags Market. One of the major companies in the market include:

Andiamo Luggage - The company offers smart carry-on bag products such as red ruby, royal sapphire, black onyx, and many more.

The market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including: Airwheel Holding Ltd., Andiamo Luggage, Arlo Skye Inc., Chester Travels, DELSEY, E CASE, Genius Brands LLC, HEYS AMERICA ONLINE LTD., HS New Travel GmbH, JRSK Inc., Kenneth Cole Productions Inc., Modobag, Samsara Luggage, Samsonite International SA, The Carriall Co., The LVMH group, Travelers Club, Travelpro Products Inc., Victorinox AG, and XD Connects B.V.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Smart Carry-on Bags Market Size And Market Dynamic

Our researchers analyzed the data with 2023 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Smart Carry-on Bags Market Drivers

Enforcement of weight regulations on carry-on bags by airlines is notably driving the market growth. The rising demand for lightweight carry-on travel bags accounts for weight regulations that are enforced by various airlines. With the introduction of the basic economy fare, most airlines are restricting heavyweight carry-on bags inside the aircraft. Most airlines restrict carry-on bags that are more than 12 inches tall or wide. With such restrictions and regulations being followed by multiple airlines, the use of smart carry-on bags with built-in scales that display the weight of the bag is expected to increase. Such carry-on bags help consumers to abide by the regulations that are set by airlines. Therefore, enforcement of weight regulations on carry-on bags by airlines will drive the growth of the smart carry-on bags market during the forecast period.

Significant Smart Carry-on Bags Market Trends

The advent of e-commerce is an emerging trend shaping market growth. With the advent of e-commerce, many customers are inclined toward online shopping. Companies that have a strong digital presence benefit from the increased demand for online shopping among customers. The companies of smart carry-on bags market cater to an international audience. In mature markets, e-commerce has already been established. On the contrary, the trend of e-commerce is less developed in emerging markets. The growing preference for online shopping is one of the major factors that are expected to drive the market. Furthermore, many online retailers offer discounts on smart carry-on bags, enabling customers to buy products at affordable prices. Therefore, the numerous benefits of e-commerce will contribute to the growth of the market during the forecast period.

Major Smart Carry-on Bags Market Challenges

High costs associated with smart carry-on bags are a significant challenge hindering market growth. Smart carry-on bags that are launched in the global market are incorporated with the most advanced technologies to facilitate frequent connectivity. Although they possess advanced features and technologies, they are not reasonably priced as smart carry-on bags cater to the premium customer segment. Thus, most of the population cannot afford smart carry-on bags. The affordability of such bags, therefore, is low. The high price associated with smart carry-on bags makes it difficult for con

Luxury Luggage Bag Market Outlook

The global luxury luggage bag market size was estimated at USD 24.5 billion in 2023 and is projected to reach USD 46.8 billion by 2032, reflecting a CAGR of 7.5% throughout the forecast period. This robust growth trajectory is driven by increased global travel, rising disposable income, and an expanding middle-class population, especially in emerging economies. Additionally, consumers' growing penchant for luxury items and premium travel experiences further fuels this market's expansion.

One primary growth factor is the proliferation of international tourism and business travel. As more people travel for leisure and work, the demand for high-quality, durable, and stylish luggage bags has surged. Additionally, the globalization of trade and commerce has increased the frequency of business trips, boosting the sales of luxury luggage bags. The trend of "bleisure" travel, a blend of business and leisure, has also contributed to the growing demand for versatile and high-end luggage solutions.

Another significant driver is the rise in disposable income and changing consumer lifestyles. With more financial resources at their disposal, consumers are now more inclined to invest in premium and luxury travel accessories. The growing middle-class population, particularly in Asia Pacific, is increasingly opting for luxury products as a status symbol, further propelling market growth. Moreover, the millennial generation's preference for experiential luxury over material possessions has led to higher spending on travel and related accessories.

The influence of social media and online retail also plays a crucial role in driving the luxury luggage bag market. Social media platforms showcase luxury lifestyles and products, influencing consumer preferences and purchasing decisions. Additionally, the convenience of online shopping allows consumers to browse various brands and products, compare prices, and make informed decisions, boosting the sales of luxury luggage bags. Online stores also offer a plethora of customization options, catering to the demand for personalized products.

The demand for Leather Luggage and Goods has been steadily increasing, driven by consumers' appreciation for craftsmanship and durability. Leather, as a material, offers a timeless appeal that resonates with luxury travelers who seek both functionality and style. The tactile experience of leather, combined with its ability to age gracefully, adds to its allure in the luxury market. Brands that specialize in leather goods often emphasize their heritage and expertise in leatherworking, which appeals to discerning customers. As a result, leather luggage and goods continue to hold a significant share in the luxury segment, reflecting consumers' desire for products that offer both aesthetic and practical value.

Regionally, North America and Europe dominate the luxury luggage bag market, owing to high disposable incomes and a strong presence of established luxury brands. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period, driven by increasing urbanization, rising disposable incomes, and a burgeoning middle-class population. The growing popularity of international tourism in countries like China and India also contributes to the market's expansion in this region.

Product Type Analysis

The luxury luggage bag market is segmented into various product types, including hard-sided luggage, soft-sided luggage, duffel bags, garment bags, and others. Hard-sided luggage, known for its durability and protective features, is increasingly preferred by travelers carrying fragile or valuable items. Its robust construction and sleek design appeal to affluent consumers, ensuring their belongings remain secure during transit. As a result, hard-sided luggage is a significant contributor to the overall market revenue.

Soft-sided luggage, on the other hand, offers flexibility and lightweight convenience for travelers. Made from materials like nylon and polyester, these bags are ideal for short trips and easier to accommodate in overhead compartments. With advancements in material technology, soft-sided luggage has become more durable and resistant to wear and tear, enhancing its appeal to a broad spectrum of consumers. The versatility and affordability of soft-sided luggage make it a popular choice in the luxury segment.

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The Biohazard Bag Market size was valued at USD 349.21 Million in 2023 and is projected to reach USD 542.88 Million by 2031, growing at a CAGR of 5.67% from 2024 to 2031.

Key Market Drivers
Increased Medical Waste Production: The surge in healthcare activities, particularly in response to global health crises such as the COVID-19 pandemic, has resulted in a large increase in medical waste production, necessitating the usage of biohazard bags for safe and compliant disposal.
Stringent Government Regulations: Governments around the world are enacting severe waste management policies to reduce dangers to public health and the environment. These requirements require using biohazard bags for the proper segregation, management, and disposal of hazardous material, which drives market demand.
Growing Awareness of Hospital-Acquired Infections (HAIs): There is a greater awareness of the transmission of HAIs in healthcare settings. Biohazard bags are essential for storing and disposing of pathogen-contaminated objects, and avoiding the spread of illnesses.
Advancements in Biotechnology and Healthcare Facilities: The growth of the biotechnology industry and advances in healthcare facilities around the world have created an increased demand for biohazard waste management solutions. The development of new medical treatments and procedures produces more specialized waste, necessitating the use of biohazard bags for safe disposal.