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Tote Bags Dominate as Functional Fashion Drives Handbag Market Expansion
The handbag market is expanding as handbags increasingly combine fashion, personal expression, everyday functionality, and convenience. The market was valued at USD 86.9 billion in 2025 and is estimated to reach USD 92.3 billion in 2026, before growing to USD 146.0 billion by 2033 at a 6.8% CAGR from 2026 to 2033. Growing fashion awareness, rising disposable income, changing lifestyles, and...
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