PROSPECTS AND OPPORTUNITIES
Premiumisation and tourism to maintain growth in luggage in the forecast period
Bags and luggage is set to maintain retail volume and current value growth in Brazil throughout the forecast period. The luggage category is poised for solid growth in the coming years, driven by premiumisation, rising prices, and a surge in both domestic and international tourism.
Eco innovations likely to gain traction because of natural disasters
Sustainability continues to be a driving force in bags and luggage, and this is expected to continue in the forecast period, despite some resistance from the market due to higher costs and some consumer scepticism. In Brazil, the urgency for greener solutions has been amplified by recent climate disasters, such as the devastating 2024 floods in Rio Grande do Sul, which highlighted the need for immediate environmental action.
Duffel bags to gain popularity along with wellness trend
In the evolving landscape of bags and luggage in Brazil, duffel bags is emerging as a growth category, and is poised for continued growth in the forecast period. Their versatility, functionality, and alignment with the booming wellness trend make them a key focus for brands and consumers alike.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Brazil with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Bags and Luggage industry in Brazil, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Bags and Luggage in Brazil report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Bags and Luggage in Brazil?
- Which are the leading brands in Bags and Luggage in Brazil?
- How significant is tourism in determining sales and demand for Bags and Luggage in Brazil?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in Brazil?
- In the wake of COVID-19, how soon can Bags and Luggage be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Bags and Luggage in Brazil - Category analysis
KEY DATA FINDINGS
Bags and luggage sustains growth, despite challenges
Desire for personal expression gains traction in bags and luggage
Premium collaborations arise from the economic situation
Premiumisation and tourism to maintain growth in luggage in the forecast period
Eco innovations likely to gain traction because of natural disasters
Duffel bags to gain popularity along with wellness trend
Personal Accessories in Brazil - Industry Overview
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Bags and Luggage
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- Backpacks
- Business Bags
- Crossbody Bags
- Duffel Bags
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- Non-Luxury Handbags
- Luxury Handbags
- Wallet and Coin Pouches
- Other Small Bags
- Luggage
Bags and Luggage
Bags and Luggage includes bags and cases which serve common everyday purposes or specific functions during travel, sports, or formal occasions. However, all sports equipment bags (e.g. golf, tennis, and bowling), insulated food and beverage bags, and musical instrument cases are excluded.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Bags and Luggage research and analysis database.
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