India Backpack Market

India is one of the fastest growing and largest backpack markets in the world. since 2018, the demand for backpacks has grown significantly in the country owing to the growing demand for casual and fashionable backpacks among urban and youth populations.due to the increasing demand for versatile, lightweight and fashionable bags, many luxury and casual brands have entered the backpack market and are offering affordable and stylish backpacks. there is a growing trend of purchasing backpacks that are designed to fulfil multiple needs. the rise of online backpack stores has made purchasing backpacks more convenient and hassle-free.in recent years, a few new entrants have made their presence in the indian backpack market - offering multi-functional, affordable and stylish backpacks to their consumers. additionally, upcoming millennials are playing a key role in driving the demand for backpacks by investing more on aesthetic-centric styles. furthermore, this growing demand is also spotted in the school-going and college going age population.it is estimated that the indian backpack market will reach a cagr of about 8% between 2018 and 2032, due to the expanding demand among the young and fashion-conscious population. with the evolving lifestyle, there is a growing willingness among consumers to pay a premium price for superior quality and fashionable backpacks.as the influx amongst youth of quality backpacks continues to rise, the backpack market will likely remain buoyant throughout the forecast period of 2018 to 2032. moreover, it is likely to continue to be one of the most lucrative markets due to introduction of more innovative products such as technology enabled backpacks, along with the increasing inclination towards health and fitness as an integral part of modern lifestyles. in conclusion, the indian backpack market will continue to witness growth in the coming years as the portfolio of innovative products grows to match the needs of the evolving consumer groups. consequently, gaining competitive market share by providing cheaper, stylish and multi-functional backpacks will differentiate the products and lead to a successful future of backpack market in india.