The demand for leather tote bags has surged by 300% according to Net-a-Porter market director Libby Page, indicating a growing preference for larger, utilitarian-style bags. This shift signals that people are looking for bags that can accommodate all their needs.
The tote bag market is projected to be worth $3.6 billion by 2030, which shows just how popular this versatile accessory is becoming. While affordable options like the $40 LL Bean are trending, luxury options continue to be sought after as well.
The sustainability of high-end totes in the market has come into question due to their affordability. However, Fflur Roberts, head of luxury goods at Euromonitor International, believes that luxury totes still have a purpose and meet the changing needs of consumers. These bags can incorporate everything needed for hybrid lifestyles and also serve as aspirational products.
Gabriel Rylka, founder of luxury fashion resale platform Break Archive, notes that there’s an increase in demand for larger tote bags as practicality and utility are becoming more prioritized in fashion. The shift away from micro-trends towards comfort and functionality has led people to prefer larger bags that can accommodate all their necessities.
Historically, totes have been seen as low-ticket items for gym and shopping use but with the rise of luxury options, they’re now being viewed as statement pieces rather than just practical accessories. It’s clear that people value style and functionality when it comes to choosing a bag for their daily life.