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Moulded Luggage, Plastic Moulded Luggage

Luggage bags are being developed using new and tougher grades of plastic resins, sometimes reinforced with glass fibre and other fillers, to improve certain specific properties as well as to reduce the cost. Features: • Fine finish • Easy to carry • Long lasting nature There is a vast market available for luggage and considering the population of our country; there is ample scope for growth of this industry. Tailor-made luggage is available to cater to the needs of different income group’s people and for a variety of applications. Use of plastic in luggage industry is ever increasing and it will go on replacing other conventional materials such as wood, ply, metal, leather etc. rapidly. There is a good scope for luggage items in the international market also. The global Luggage Bag market is valued at 12900 million US$ in 2018 and will reach 23700 million US$ by the end of 2025, growing at a CAGR of 9.1% during 2019-2025. Growing demand of high quality luggage products which are dustproof, fireproof, crack proof, and durability which is expected to increase growth of luggage market. Moreover, growing demand for travel bags, premium luggage, and other luggage products is influencing growth of luggage market from last few years. Growing government support for leather luggage industry is further driving the market growth. For instance, in India, 100% Foreign Direct Investment is permitted through the automatic route and government have reduced excise duty on leather luggage. Growing consumer preference for branded luggage and improvement in distribution network by key players is supporting the growth of luggage market. Consumers are aware of the latest fashion trends due to growing internet penetration and rising adoption of social media platforms which is expected to increase consumer inclination towards branded luggage products. This factor is likely to drive revenue growth of the organized luggage market during the forecast period. Moreover, growing tourism industry around the globe has promoted the growth of travel luggage market and it is expected to play key role in luggage market growth during the forecast period.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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