Handbag Market Demand Analysis in 2021, Global Revenue, Top Companies Growth Forecast to 2028

    The global  handbag market  size is projected to reach  USD 78.46 billion  by 2028, exhibiting a CAGR of 6.8% during the forecast period.  Fortune Business Insights™  shares this information in its report, titled “Handbag Market Size, Share & COVID-19 Impact Analysis, By Product Type [Tote, Clutch, Satchel, and Others (Hobo, Body Cross, and Saddle)], Raw Material (Leather and Fabric), and End-User (Men and Women), and Regional Forecast, 2021-2028”. As per the report, the value of the market stood at USD 47.57 billion in 2020.   Increasing Availability of Eco-friendly Bags to Boost the Market Handbags have always been a fashion statement among consumers, and with improved fashion sense in the time of social media influencers, pop culture, and globalization, the demand for luxury consumer products has only heightened in recent years. However, as awareness about the environment and rampant animal cruelty spreads, several bag brands have been utilizing novel eco-friendly ma