Purses are more than just a necessity for both men and women. They are not only practical but also set a fashion statement for those who wear them. A wholesale purse business can be highly profitable.

According to Grand View Research, the global market value of purses was calculated at $49.12 billion in 2021, and this value is expected to reach $51.25 billion in 2022.

To profit from this billion-dollar industry, you will need to have adequate information about the product and stay informed about the upcoming purse designs. Also, you can attract more customers by offering a variety of purses. Here is the list of different types of purses that you should stock:

• Backpack Purse
• Belt Bag
• Barrel Bag
• Crossbody Purse
• Clutch
• Duffel Bag
• Drawstring Bag
• Satchel
• Tote Bag
• Wristlet
  
  

How to Choose a Purse Wholesaler?

You should consider the following factors before choosing a wholesaler of packaging for your business:

• Material Durability: Before choosing a wholesaler of purses, you should ensure the high quality and durability of the items they offer. It is better if you get some samples from potential purse wholesalers to examine the making and finishing quality. This way, you will be able to choose a wholesaler who offers the highest quality purses.
  
  
• Choose Purse with Closures: Many wholesalers offer purses without or lose closures. You should avoid such wholesalers as the loose closures offer low security, and people are getting inclined towards buying the most secure purses.
  
  
• Know the Purses Styles: Staying informed about the latest designs and styles of purses will help you choose better products. You should check the stock of wholesalers to make sure that they offer the latest designs.
  
  

Who is the target audience for handbags?

The target audience for handbags is females between the ages of 15 and 64 years.

What is the difference between handbags and purses?

There is not much difference between a handbag and a purse. A purse is a bag with straps that can be worn over the shoulders. In comparison, a handbag is a similar bag to a purse but with more functionality.