NEW YORK: NEW YORK, Dec. 6, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global tote bags market size is estimated to grow by USD 9.19 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.78% during the forecast period. Personalization and customization of luxury tote bags is driving market growth, with a trend towards increased demand at airport retail stores. However, fluctuating operational costs, including labor, logistics, and raw material costs poses a challenge. Key market players include Burberry Group Plc, Capri Holdings Ltd., Chanel Ltd., Dolce and Gabbana S.r.l., Double R Bags, Giorgio Armani S.p.A., Hermes International SA, Kering SA, Lavie, LVMH Group., Mulberry Group Plc, Prada S.p.A, PVH Corp., Ralph Lauren Corp., Ronak Industries, Samsonite International SA, Tapestry Inc., Targus, Tods Spa, and VF Corp..