ChulDaily delivers the need-to-know in latest handbags and purses trends. We’ll show you the must-have and help rationalize buying the investment piece.

Handbags are both useful and symbolic as our most visible fashion item, indicating to others the tribe to which we belong. Handbags are a means of self-expression and a statement of personal style, as well as an entry point into luxury and elegance.

Handbags are one-of-a-kind fashion accessories. They are not required to enclose a part of the body, which has allowed for creativity and freedom over the years, resulting in works of art rather than just fashion items.

What else can be both a sign of vanity and power than a Handbag? It is the one accessory from which women virtually never separate, a form of protection that makes you feel right at home and includes everything you need: what else can be both a symbol of vanity and power? The handbag, like the tie, has just become the ladies’ sceptre of authority!

In 2020, the worldwide handbag market was worth USD 47.57 billion. The market is expected to increase at a CAGR of 6.7% from USD 49.63 billion in 2021 to USD 78.46 billion in 2028. COVID-19’s worldwide effect has been unprecedented and astounding, with the product experiencing a negative demand shock across all areas throughout the epidemic. According to our calculations, the worldwide market will drop by -25.6% in 2020. The abrupt increase in CAGR is due to this market’s demand and growth, which will revert to pre-pandemic levels once the pandemic is ended.

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