Global backpack market value forecast from 2018 until 2024

The global backpack market was estimated to be worth around 17.5 billion U.S. dollars in 2019 and was forecast to reach a value of 23.72 billion U.S. dollars by 2024. Backpacks are also commonly referred to as rucksacks or knapsacks. Backpacks fall within the bags and luggage industry.

Bags and luggage market

Baggage or luggage consists of bags, cases, and containers which hold a person’s articles while they travel. Bags and luggage are typically broken down into three main classifications: travel, casual, and business. Other segments such as smart luggage, sports luggage, anti-theft luggage, and backpacks are all part of the global bags and luggage market. Samsonite International SA, one of the world’s largest travel goods companies, generates billions of U.S. dollars in revenues each year, which shows the lucrative nature of this market. The United States was the leading luggage and baggage market in the world as of 2018. U.S. revenues are far greater than those of the U.K. and Germany, which are the next biggest markets in terms of revenue.

Backpack market value forecast worldwide from 2018 until 2024 (in billion U.S. dollars)*

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Release date

April 2020



Survey time period

2018 to 2019

Supplementary notes

*Estimates for 2020 to 2024 are based on a CAGR of 5.5 percent provided by the source.

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