Market status and outlook for the luggage industry in 2020

author: SPARKLE_HARRIS

2022-12-15

With the continuous improvement of people's living and consumption levels, a variety of bags has become an indispensable accessory around people, people require luggage products not only in the practicality of strengthening, decorative has become the main expansion, bags is a generic term for bags, is used to contain things of all kinds of bags, including general shopping bags, handbags, clutch bags, wallets, backpacks, shoulder bags, satchels, waist bags and Avariety of trolley bags and so on.

According to the change of consumer taste, the material of bags more diversified, leather, PU, polyester, canvas, cotton and linen and other textures bags Leading the fashion trend. At the same time, in the era of more and more flaunting individuality, simple, retro, cartoon and other types of styles from different sides cater to the needs of fashionable people to promote their personality, the style of bags also by the traditional business bags, school bags, travel bags, wallets, small fragrance bags and so on to expand.

Analysis of the market outlook of the luggage industry

China's luggage industry after 20 years of rapid development, so far has accounted for more than 70% of the global share. China's bag industry in the world has accounted for the main position of the group, not only is the global manufacturing center, but also the world's largest consumer market, China's annual sales of bag products has reached 500 billion yuan.

China's luggage industry is facing unprecedented challenges, in the labor shortage, rising raw material prices, the appreciation of the RMB and the accelerated pace of industrial transfer and other factors under the impact, not only to the domestic and foreign sales of the luggage industry brings many unstable factors, but also the survival and development of the luggage exhibition industry into an awkward role, foreshadowing the era of a major reshuffle of the Chinese luggage exhibition industry has come.

With the development of the bag manufacturing industry, China's luggage industry exhibition also developed like a spring, in addition to Hong Kong, Guangzhou, Shanghai and Beijing and other major cities of the mainstream exhibition, the major industrial bases of the luggage industry exhibitions are emerging, relatively on the scale and more mature exhibitions in Jinjiang, Wenzhou, Dongguan, Chengdu and other places.

2 After the 1st century, Chinese enterprises to the domestic and foreign bag exhibition exhibitors to visit also increasing, almost every hand degree each exhibition have a large number of Chinese enterprises to participate in almost every hand each exhibition, many enterprises to domestic and international exhibitions, to promote the production and trade of Chinese bags industry has played a very The role of Chinese enterprises in promoting the production and trade of Chinese luggage industry is very important.