The Backpack and Courier Bag Manufacturing industry suffered revenue declines at the height of the recession. As the unemployment rate climbed to new levels during the recession, disposable income dropped for the first time since 1991. Along with a drastic decline in consumer confidence, these conditions limited purchases at sporting goods stores. However, the industry is forecast to improve over the five years to 2022. As demand from retailers rebounds, consumer budgets increase and the number of young adults grows, revenue is anticipated to recover.
Operators in this industry manufacture backpacks and courier bags from a variety of materials, including canvas, rubberized fabric and plastic-based materials. Backpacks are typically designed for school or outdoor use and typically have two straps that go over each shoulder. Courier bags, which are often called messenger bags, are worn across the body.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.