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School Bags Market to Grow by USD 6.92 Billion from 2024-2028, Driven by Innovations in Materials and Design and AI-Powered Market Evolution – Technavio

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NEW YORK, Nov. 6, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global school bags market  size is estimated to grow by USD 6.92 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.8%  during the forecast period. Innovations in materials and designs of school bags is driving market growth, with a trend towards increased demand for school bags made of environmentally friendly materials. However, rising labor costs and fluctuating raw material prices for school bags poses a challenge.Key market players include ACCO Brands Corp., Bagmiller, Balaji Bag, Brainbees Solutions Pvt. Ltd., Decathlon SA, DELSEY, Dolce and Gabbana S.r.l., Fjallraven Retail USA LLC, Genie Bags India, Khadim India Ltd., Nike Inc., PUMA SE, Rothco, Samsonite International SA, Sanghavi Bag, Sreeleathers, Sumdex inc., VF Corp., VIP Industries Ltd., and Wildcraft India Pvt. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Polyesters, Nylon, Canvas, Leather, and Others), Distribution Channel (Online and Offline), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

ACCO Brands Corp., Bagmiller, Balaji Bag, Brainbees Solutions Pvt. Ltd., Decathlon SA, DELSEY, Dolce and Gabbana S.r.l., Fjallraven Retail USA LLC, Genie Bags India, Khadim India Ltd., Nike Inc., PUMA SE, Rothco, Samsonite International SA, Sanghavi Bag, Sreeleathers, Sumdex inc., VF Corp., VIP Industries Ltd., and Wildcraft India Pvt. Ltd.

 

Key Market Trends Fueling Growth

The global school bags market is witnessing significant growth due to the increasing demand for eco-friendly and organic products. Traditional leather school bags have faced concerns regarding the use of tanning agents and the ecological imbalance caused by animal hunting. In response, there is a growing preference for organic leather products, certified by the USDA and the National Organic Program, which ensures ethical animal treatment and sustainable tanning processes. Kering and other manufacturers are adopting eco-friendly practices, such as using plant-based tanning agents and recycled materials. Targus, a key player, offers recycled polyethylene terephthalate (PET) polyester and PVC-free backpacks. These initiatives are expected to drive market growth during the forecast period. 

The School Bags Market is thriving with trends like 3D printing and ergonomic designs. Ergobag, Backpacks, Laptop Bags, Duffel Bags, Clutch Bags cater to Kids, Teenagers, and Adults. Canvas, Nylon, and Polyester are popular raw materials. Prices range from Low to Medium to High. Government efforts promote eco-friendly materials and manufacturing technologies. RFID protection, USB charging, and tablet pockets are must-haves. School supplies, E-commerce, and online retail stores dominate sales. Lightweight bags, adjustable straps, and pockets are essential features. Unbranded players compete with leather school bags. Consumer spending increases with digital learning tools. Social media influences buying decisions. Manufacturing technologies include animal-friendly alternatives. The School Bags Market is a dynamic and growing industry. 

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Market Challenges

Vendors, such as Dolce and Gabbana S.r.l., source production from factories in Asian countries like China, Indonesia, Bangladesh, and Vietnam due to historically lower labor costs. However, rising labor costs in these countries have increased production expenses, reducing vendors’ profit margins. Additionally, fluctuating raw material prices, particularly for leather, pose operational challenges. Leather’s high production cost results from its regulated manufacturing process. Transportation costs, including taxes, duties, and fuel prices, also impact profitability. Fuel price volatility, especially in OPEC member nations, further pressures vendors to keep end-product prices stable, limiting their ability to increase profits. These factors may hinder the growth of the school bags market during the forecast period.The School Bags Market faces several challenges in today’s business landscape. With the rise of 3D printing, Ergobag’s ergonomic designs, and various bag types like Backpacks, Laptop Bags, Duffel Bags, and Clutch Bags, catering to Kids, Teenagers, and Adults, material choices range from Canvas, Nylon, and Polyester. Pricing segments include Low, Medium, and High price ranges. Government efforts towards RFID protection and e-commerce growth impact the market. Lightweight bags, raw materials, and manufacturing technologies are key trends. USB charging, eco-friendly materials, tablet pockets, and leather school bags are popular features. Animal slaughtering for leather remains a concern. Consumer spending on school supplies is increasing, driven by digital learning tools and social media influence. Adjustable straps, pockets, and unbranded players are other market factors. Online retail stores and offline sales channels coexist.

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Segment Overview 

This school bags market report extensively covers market segmentation by

Product 1.1 Polyesters1.2 Nylon1.3 Canvas1.4 Leather1.5 OthersDistribution Channel2.1 Online2.2 OfflineGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Polyesters –  The school bag market is a significant sector with consistent demand. Parents and students prioritize functional and durable bags for daily use. Brands focus on offering diverse designs, sizes, and materials to cater to various needs. Competition is fierce, with several established players and new entrants. Market trends include eco-friendly bags and those with built-in compartments for laptops and water bottles. Sales remain stable due to the annual back-to-school season and continuous student enrollment.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The School Bags Market is witnessing significant growth due to the increasing student enrollment ratio and the shift towards e-learning. Manufacturing technologies are evolving to incorporate features such as USB charging ports, making school bags more functional. Eco-friendly materials like recycled polyesters are gaining popularity to reduce the environmental impact. Tablet pockets and messenger bags are in demand for students carrying digital devices. Leather school bags continue to be preferred for their durability and style. Online retail stores dominate the sales channel, offering convenience and a wide range of options. Government efforts to promote education and e-commerce platforms have further fueled market growth. Lightweight bags with RFID protection are also gaining traction to ensure the safety of students’ belongings. School supplies like pencils, notebooks, and erasers are still essential, but the focus is shifting towards high-tech school bags that cater to the modern student’s needs.

Market Research Overview

The School Bags Market is witnessing significant growth due to the increasing demand for functional and stylish bags among kids, teenagers, and adults. Manufacturing technologies such as 3D printing are being adopted to produce customized and lightweight bags. Eco-friendly materials like canvas, Nylon, and Polyester are gaining popularity as consumers are becoming more conscious of their environmental impact. USB charging ports and pockets for tablets are becoming essential features in modern school bags, catering to the needs of digital learners. Adjustable straps and ergonomic designs ensure comfort for long hours of use. Social media and online retail stores are driving sales, with unbranded players offering low-price options. Government efforts towards promoting education and e-commerce platforms are also contributing to the market’s growth. Backpacks, laptop bags, duffel bags, and clutch bags are popular choices for students, while leather bags continue to be a preferred option for adults. Consumer spending on school supplies remains strong, with pockets, raw materials, and RFID protection being key considerations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductPolyestersNylonCanvasLeatherOthersDistribution ChannelOnlineOfflineGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Zooming into the green transformation, the “Together We Act” platform for China’s dual-carbon talent plan was released

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“Empowering Green Value Chains, Contributing to New Productive Forces” Side Event was Successfully Held at COP29

BAKU, Azerbaijan, Nov. 23, 2024 /PRNewswire/ — The side event titled “Empowering Green Value Chains, Contributing to New Productive Forces” was held in Baku, Azerbaijan, during COP29. The event was jointly organized by the Vanke Foundation, C Team, and Phoenix TV. The aim of the event was to explore how industries in China can empower human capital and implement green value chains to achieve green, efficient, and low-carbon operational models under the country’s dual-carbon strategy. The goal was also to inspire new productive forces and drive the green transformation of economic and social development.

The side event brought together experts, scholars, business representatives, and NGO partners from both China and abroad to discuss the latest global trends and developments in green value chains across key industries. The event was chaired by Yang Peidan, Director of C Team. In her opening remarks, Liu Xi, Senior Manager of Climate Change and Biodiversity at the Vanke Foundation, highlighted the foundation’s vision of a “beautiful and shared future home” and its commitment to promoting environmental protection and social public welfare. She also introduced the “Net Zero Drive” Talents Acceleration Initiative, unveiling the “Together We Act” platform, a significant new step in the foundation’s efforts to align with its strategies.

Liu Yifeng, Deputy Director of C Team, provided an in-depth introduction to the “Together We Act” platform. This platform aims to cultivate and empower talents in the field of China’s dual-carbon strategy, equipping individuals with the knowledge and skills needed to better adapt to and lead the green low-carbon transformation.

C Team is implementing a strategic upgrade to support the development of emerging industry talents while facilitating the transition of workers from traditional industries. This initiative aims to create a green employment market system. According to Liu, workers in traditional industries need to adapt to the “new wave” of industry transformation, while employees in emerging sectors must quickly update their knowledge and skills to keep pace with technological advancements. Through effective training and accelerated efforts, industries, businesses, and regions can better apply technologies and management practices, achieving both technological and energy transformations.

To this end, C Team has partnered with Tencent to develop the “Together We Act” platform. The platform breaks down knowledge into “knowledge cards,” which are categorized and tailored for workers in need of transformation or upskilling. The platform offers smart, content-driven training and quantitative assessments. By using algorithms, the platform provides personalized knowledge to users and includes management features that allow administrators to assign tasks and learning objectives. Knowledge and exercises are managed separately, creating a flexible and intelligent learning system.

Additionally, C Team plans to leverage the data on workforce technology upgrades and training behaviors collected by the platform to analyze the impact of dual-transformation policies and strategies on the workforce in both corporate supply chains and regional areas. This data will help companies and local governments better understand workforce trends and provide support for industry and regional transitions.

Media’s role is also essential in promoting new productive forces. Yang Yuntong, Director of International Cooperation and Project Operations at Phoenix TV, shared that as the largest well-rounded Chinese-language cultural media group overseas, Phoenix TV has long been committed to advancing new productive forces through practical actions. The group has been actively involved in climate-change communication in China and has hosted the annual “Zero-Carbon Mission International Climate Summit” for the past four years in the lead-up to COP, providing a platform for dialogue and discussion among stakeholders and influencing corporate practices and public advocacy.

Xu Shilun, head of the ESG projects at Onewo’s Sustainable Development Center, shared that reducing energy consumption and carbon emissions in property management are key concerns for the company. Onewo is integrating its experience from managing various spaces, such as communities and office buildings, into its “Magic Stone” AI system, focusing on energy management to improve carbon management efficiency in public spaces and encourage owners and tenants to adopt greener lifestyles.

The roundtable discussion focused on two main themes: “Collaborative Innovation of Diverse Forces in Creating New Productive Forces” and “Empowering Green Value Chains to Drive the Green Transformation of Economic and Social Development”. Representatives from leading companies such as JA Solar, Anta Group, Lenovo, Carbonstop, PES, Exiss, ACT, Dasso, Hainan Deeprock, and SQUAKE participated in the discussion. The Secretary of the CPC Municipal Committee of Huzhou City, Chen Hao, also joined via video to introduce the innovative concept of “Bamboo Forest Carbon Sequestration.”

The organizers stated that the side event was not only a deep exploration of green development concepts but also a firm commitment to future sustainable development. C Team plans to further collaborate with nonprofit organizations, environmental foundations, leading enterprises, research institutions, and knowledge service platforms to jointly promote public and inclusive transformation, ensuring that high-quality training content is presented on the platform. Through collective effort and the pooling of knowledge and resources, the event sought to support industry development, regional transformation, and the green transformation of society.

About C Team:
C Team is a non-profit organization dedicated to promoting corporate climate action and sustainable development.

View original content:https://www.prnewswire.com/news-releases/zooming-into-the-green-transformation-the-together-we-act-platform-for-chinas-dual-carbon-talent-plan-was-released-302314780.html

SOURCE C Team

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Urgent Call: Donate Electronics to Empower Charities Nationwide

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TORONTO, Nov. 23, 2024 /CNW/ – This holiday season, the Electronic Recycling Association (ERA) is spreading the spirit of giving with its annual 12 Days of Electronic Giving campaign. Aiming to donate over 200 electronic devices to charities across Canada, ERA is committed to empowering organizations to deliver critical services to their communities.

However, the demand for electronics remains pressing. More than 500 charities are still on ERA’s waitlist—a number that highlights the urgent need for public and corporate donations of pre-loved technology.

“Together, We Can Create Impact”
Bojan Paduh, Founder and President of ERA, urges individuals and businesses to step up this holiday season:

“We’ve accomplished so much, but hundreds of charities are still waiting for essential technology to continue their work. I encourage everyone to consider donating their unused laptops, tablets, or cell phones. Your generosity can transform lives and reduce e-waste at the same time.”

ERA’s 12 Days of Electronic Giving campaign is already making an impact, supporting a wide range of organizations across the country, including:

Children’s Autism Services of Edmonton – Edmonton, ABWinnipeg Humane Society – Winnipeg, MBBent Arrow Traditional Healing Society – Edmonton, ABCanadian Mental Health Association – Toronto, ONYork Region Educational Services – Toronto, ONIt Takes a Village Community Outreach and Advocacy – Halifax, NSToronto Fringe – Toronto, ONMarina Housing Co-op – Vancouver, BCAgape Table Inc. – Winnipeg, MBGreater Edmonton Live-In Society – Edmonton, ABEqual Housing Initiative Inc. – Winnipeg, MBValley Community Learning Association – Kentville, NSAlberta Children’s Hospital – Calgary, AB

How You Can Help
The holidays are the perfect time to give back. If you or your organization have unused electronic devices gathering dust, ERA invites you to donate and make a meaningful difference. Whether it’s a laptop, tablet, or cell phone, every device can create opportunities, reduce e-waste, and bring hope to someone in need.

Donating is Simple
ERA offers convenient, free pickup services across Canada.

Call: 1-877-9EWASTE / Email: info@era.ca / Visit: www.era.ca to schedule a pickup.

Let’s Make This Season Count
“Your donation today can change lives tomorrow,” adds Paduh. “Together, we can meet the urgent needs of these charities while fostering a sustainable future.”  Don’t wait—help ERA ensure no charity is left behind this holiday season.

SOURCE Electronic Recycling Association

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MyDataRemoval Proven More Effective Than Competing Data Removal Services [updated links]

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Internal and external reports show MyDataRemoval to be the most effective personal data removal service. MyDataRemoval has achieved over 70% data removal within the first week and 90% within four months, outperforming industry competitors who average 26% in the first week and 35% within four months.

LAS VEGAS, Nov. 23, 2024 /PRNewswire-PRWeb/ — Recent findings from a consumer advocacy group have raised concerns about the effectiveness of people-search site removal services, revealing high rates of ineffectiveness among tested companies. Notably, MyDataRemoval was not included in this study. In response, MyDataRemoval conducted an internal audit [updated link] to evaluate its standing relative to the competition, revealing that it was already leading the industry. Building on this success, MyDataRemoval has since enhanced its methodologies and technologies for data removal. As a result, MyDataRemoval is now reaching a 90% removal rate within four months and exceeding a 70% removal rate within the first week—results that place it well above the competition.

MyDataRemoval will remove your data from people search sites more effectively than anyone else out there.

Over 70% of personal data removed within the first week: MyDataRemoval successfully removed over 70% of personal data from people-search websites within just one week, outperforming all other services tested by Consumer Reports.Effectiveness over time: MyDataRemoval maintained superior performance compared to other data removal services, with 80% of data removed within one month and 90% within four months.Competitor Comparison in one week: The average effectiveness for the first week across competing services was 30%, whereas MyDataRemoval removed over 70%, demonstrating a clear advantage.Competitor Comparison at four months: Competing services demonstrated significantly lower data removal rates, with some services removing only 27% of personal data within four months.

MyDataRemoval’s internal audits have demonstrated that the service is not only more effective in the initial stages of data removal but also continues to outperform over time. Its proprietary methods, commitment to ongoing audits, and dedication to continuous improvement ensure that it remains a leader in data removal.

MyDataRemoval acknowledges that while current effectiveness rates are industry-leading, there is still room for growth. The goal is to achieve over 90% removal rates across all categories and time frames. MyDataRemoval is committed to conducting monthly audits and making these results publicly available to ensure transparency and continuous improvement. You can see the most recent audit results here [updated link].

Privacy is more important than ever, and MyDataRemoval is here to help individuals reclaim theirs. Do not settle for ineffective data removal—trust the service that has been proven to deliver results. Find MyDataRemoval at www.mydataremoval.com or contact us at hello@mydataremoval.com or call (855) 700-2914 to start your journey towards a more private online presence.

Stay tuned for our monthly audit updates to see how we are continuously improving to make your personal information private once again.

Audit date: 8/9/2024

Profiles removed within 1 week: 85%Profiles removed within 1 month: 71%Profiles removed within 4 months: 73%

Audit date: 9/9/2024

Profiles removed within 1 week: 85%Profiles removed within 1 month: 78%Profiles removed within 4 months: 92%

Audit date: 10/9/2024

Profiles removed within 1 week: 59%Profiles removed within 1 month: 81%Profiles removed within 4 months: 90%

Audit date: 11/9/2024

Profiles removed within 1 week: 77%Profiles removed within 1 month: 81%Profiles removed within 4 months: 90%

Media Contact

James Wilson, MyDataRemoval, 1 8557002194, hello@mydataremoval.com, https://www.mydataremoval.com

View original content:https://www.prweb.com/releases/mydataremoval-proven-more-effective-than-competing-data-removal-services-updated-links-302313853.html

SOURCE MyDataRemoval

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