The luxury handbag market is set for substantial growth, projected to reach USD47.2 billion by 2034 from USD 25.6 billion in 2024, with a CAGR of 6.3%. Consumers are increasingly favoring sustainability, prompting brands to adopt eco-friendly materials like recycled leather and organic textiles. This trend not only meets consumer demand but also creates opportunities for sustainable companies. Manufacturers are enhancing product efficiency and pursuing strategic partnerships and acquisitions to expand their market presence.
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