From 2013 to 2023, the handbags made from vulcanised fibre or paperboard market in New Zealand exhibited moderate fluctuations in per capita value, ranging from $0.62 to $0.72. In 2023, the value stood at $0.67 per capita. Recent trends showed a year-on-year increase of 1.52% from 2022 to 2023, recovering from the previous drop in 2020. The five-year CAGR from 2018 to 2023 was relatively stable at a modest growth rate.
Future trends to watch:
- Growing awareness around eco-friendly materials could bolster demand.
- E-commerce and digital marketing might expand market reach.
- Potential regulatory changes could impact production and material choices.
