Global school bag market was valued is forecast to continue growing at a compound rate School Bags in Hyderabad. This is due to an increasing number of school-goers all over the globe. This growth is expected to be fueled by the rising student enrollment rate and government efforts to promote education for all children.
The rising number of students and schools around the world is contributing to a greater focus on basic education. According to the National Center for Education Statistics, 56.6 million students went to elementary and secondary school in 2018. The market is expected to grow due to the increasing student enrollment.
The market is expected to grow with a rising demand for stylish, spacious school bags in trendy designs. The product innovation and demand for high quality materials that can carry extra load without shifting it to the shoulders or backs of students who are carrying them is expected will be positive.
Rapid digitization and evolving teaching methods have led to increased bag weights. This will drive demand for lighter bags and stimulate innovation in raw materials and manufacturing technology. The market is expected to grow with the increasing use of eco-friendly products like recycled plastics.