This new launch and extensive product portfolio will enable key players to respond to new market trends, gain a competitive advantage, and enter new markets. The market players focus on manufacturing products tailored to different regions and consumer bases. By distribution channel, the market is divided into online channel and offline channel. In addition, the e-commerce channel is the primary platform where counterfeiting of brands is mainly done. Counterfeiting exclusive brands generally occurs in developing countries where individuals are more price-conscious. The continuous development of retail infrastructure in European countries for greater customer footfall drives the market growth in the forecast period. According to the Trends in Trade in Counterfeit and Pirated Goods report issued by OECD in 2019, the European Union alone represented 6.8% of imports of counterfeit products from non-EU countries. According to the KOA North America Camping Report 2022, 7 in 10 households, 93.8 million, identify as occasional campers. Also, according to the KOA North America camping report 2022, in 2021, 57 million families took at least one camping trip. According to the KOA North America camping report, the percentage of campers working while camping has risen to 46% from 36%, of which 57% are millennials.

There is a higher rate of domestic or international travel by individuals in North America due to work requirements, educational requirements, or casual trips. North America has the highest backpack market share. Furthermore, the easy availability of online and offline platforms such as specialty stores, hypermarkets & supermarkets, and others will further fuel the market growth. Rising innovation coupled with increased consumer preferences for designable and smart women’s small backpack purse products will further drive the market growth. Also, due to lockdowns, offline distribution channels, such as hypermarkets/supermarkets, specialty stores, and others, were closed, which declined the overall financial performance of the market. In our view, extra features are just that, nothing that affects the performance of a bag but only adds flair or novelty. A pouch/sling bag combo is one great way to do that, and detachable straps are virtually identical to non-detachable straps-so there aren’t really any downsides. Taylor is a writer who receives way too much joy from finding the perfect word for every situation. The Osprey Men’s Momentum Backpack is a great option for men who need a functional and stylish backpack. For outdoors lovers or anyone else who strays out of range of cell phone networks, there’s no substitute for these handheld radios.

You’ll likely carry important gear in your sling bag such as your cell phone, money, and passport. The dependency on technology and the need to travel due to jobs or education has made individuals carry bags daily. Hide the majority of your cash in a bra pouch then store the money you’ll need for the day in your anti-theft purse. Due to this, carrying various equipment, especially electronics, became necessary to fuel the need. The staycation or workstation trend saw a rise in 2021 due to international travel restrictions, and most of the workforce was working from home. According to the United Nations International Children’s Emergency Fund (UNICEF), around 168 million children globally saw their schools closed for almost a year due to the pandemic. The manufacturing of more functional backpacks is due to rising consumer awareness about the fabrics and materials used. The rise in traveling for jobs, schools, and recreational activities is due to the rapid growth of urbanization.

Camping and other recreational activities have been a significant driver for the backpack market growth. The Cotopaxi Batac 16L, Cotopaxi Luzon, and REI Flash 18 are all unisex bags that are versatile across activities but in slightly differing ways. The types have altered in accordance with kid’s particular curiosity and much more importantly what educational organizations are wanting to locate in the college bag. Finding a bag that not only looks good but also performs well while you are away can have a huge effect on your experience. We suggest sticking with a leather wallet and finding a sling bag made of basically anything else. The bottom of the bag is reinforced with a second leather layer, plus the carry handles are both riveted and stitched to support the weight of whatever you’re hauling around. The Fossil Leather Backpack is constructed of 100% leather and has a classic vintage appearance.