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HOW BIG IS THE BACKPACK FACTORIES IN THE US?

In the US, driven by the increase in downstream demand from retailers and the increase in per capita disposable income, the backpack factories manufacturing industry US has experienced growth after a period of turbulence. In the five years after 2020, many experts estimate that industry revenue will grow at an annual growth rate of 1.1%, reaching $173.1 million. Many factors have promoted the development of the industry, including the continued expansion of the adult population and the overall improvement of the macroeconomic landscape. Despite the strength of the US dollar, the slowdown in China’s manufacturing growth due to the COVID-19 epidemic, coupled with strong foreign demand for industrial products, is expected to promote the growth of industrial exports, and its contribution to the industry is expected to reach 1.3%. Generally speaking, there are about 1213 people who are currently employed in the US backpack factories, with an average number of 12.4 workers and average revenue of 1.75 million US dollars in one backpack factory. It is estimated that the global backpack market is worth about 17.5 billion U.S. dollars in 2019 and is expected to reach 20.4 billion U.S. dollars by 2024. As of 2019, the United States is the world’s leading backpack market. The income of the United States is much higher than that of the United Kingdom and Germany, the latter being the second largest market of backpacks.

HOW MANY BACKPACKS DOES ONE BACKPACK FACTORIES USUALLY PRODUCE IN A YEAR?

Since for different countries, the production mode in their backpack factories are different, so the main factors that affect their scale of output are different. For example, backpack factories in the US are mainly affected by the automation level of the backpack factory, while backpack factories in Vietnam are mainly affected by the labour force them. Most backpack factories there employ 500-1000 workers. Large backpack factories in Vietnam could employ more than 5,000 workers.  Depending on the scale of labour, If one backpack factory has 500-1000 workers, the estimated monthly output is 100,000 to 300,000 backpacks, and so the annual output is 1,200,000 to 3,600,000 backpacks. Some huge backpack factories like those of large brands such as Nike, Adidas have more than ten thousand workers and can produce an annual output of more than millions of pieces. If you are planning to order in a big amount, then I recommend you whether find a factory that has a large scale or a factory that is largely automated in production.

If you are looking for more information concerning the output of backpack factories or are interested in finding a professional manufacturer of backpack to produce backpack orders from you. Please make sure you check out the web of BagsCase, their professional knowledge and their amazing production speed would definitely satisfy any orders from you.

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