What is the growth rate of the India Bags Market?
According to 6Wresearch internal database and industry insights, the India Bags Market is expected to grow at a CAGR of 5.27% during 2025-2031.
The factors driving growth include rising disposable income, which allows consumers to purchase brand-conscious bags, the growth of online retail platforms, which provide access and choice, and a rise in demand for stylish, sustainable bags, which signals changing consumer lifestyles.
Growth Factors for India Bags Industry
- Urbanisation and rising disposable income are enabling the purchase of premium bags.
- The growing footprint of e-commerce platforms allows for bags to be sold direct-to-consumer.
- Consumer preference for sustainable and vegan bag materials is increasing.
- The increase in the youth and working women demographics reinforces demand for fashionable bags.
- Brands are innovating the style and functionality of bags to align with lifestyle and travel demands.
India Bags Market Trends
The trends in the India Bags Market confirm that wallets and handbags are seen as fashion accessories rather than utility items, and it reflects a significant enhancement in the attention consumers give themselves to matters of design, branding and lifestyle. At the same time, consumers are shifting from traditional retail to retail as an omnichannel experience, a buyer journey where physical stores are blended in with online portals, providing convenience for shoppers to browse, order, and even personalise bags.
Emerging Developments in the India Bags Market
The India Bags Market developments include increasing investment in digital marketing, influencer collaborations and limited edition collections to engage younger consumers and stimulate aspirational demand. Brands are leveraging technology such as QR codes, smart bags and customisation platforms to enhance user experience and product differentiation. In addition, tier II/III city retail expansion and improved logistics are enabling wider geographic ***** and supporting future market growth.
List of Leading Companies in the India Bags Market
Some of the leading companies include:
- VIP Industries Ltd.
- Samsonite International S.A.
- Hidesign India LLP
- Da Milano Leathers Pvt Ltd
- Caprese Bags Pvt Ltd
- Lino Perros Ltd.
- Lavie Bags Pvt Ltd
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