Hosiery Market Outlook: Trends, Challenges, and Opportunities

The global hosiery market is projected to expand steadily at a CAGR 5% value, during the forecast period 2022-2032. In the year 2022, the market size is projected to expand and gain a global market valuation of US$ 50.7 Billion. Considering this steady growth along with the booming demand in the global market, the hosiery market is expected to reach US$ 82 Billion by 2032.

These technologies allow them to quickly and accurately trim the fabric’s edges while also sealing the edges to prevent fraying. They are updating their hosiery lines to include fabrics that are weather-resistant, have high levels of elasticity, and have an antibacterial treatment based on silver.

For more insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=121

Market Trends:

a) Fashion-forward Designs: The hosiery market has seen a surge in demand for fashion-forward designs, innovative patterns, and bold colors. Consumers are seeking unique hosiery options that complement their outfits and express their individuality.

b) Eco-Friendly and Sustainable Hosiery: Growing environmental consciousness has led to an increased demand for eco-friendly and sustainable hosiery made from organic or recycled materials. Brands incorporating sustainable practices into their manufacturing processes are gaining popularity among environmentally conscious consumers.

c) Athleisure Influence: The athleisure trend, which combines athletic and leisurewear, has influenced the hosiery market. Consumers are opting for hosiery products that offer comfort, flexibility, and performance features, blurring the lines between traditional athletic wear and hosiery.

d) Shapewear and Compression Hosiery: The demand for shapewear and compression hosiery is on the rise, driven by consumers' desire for body contouring and support. These products not only provide aesthetic benefits but also promote better blood circulation and alleviate leg fatigue.

e) Online Retail Dominance: The hosiery market has experienced a significant shift towards online retail channels. E-commerce platforms offer consumers a vast array of choices, easy accessibility, and convenience in purchasing hosiery products.

Market Challenges:

a) Fluctuating Raw Material Costs: The hosiery industry relies on materials such as cotton, nylon, polyester, and spandex, whose prices can be volatile. Fluctuating raw material costs can impact profit margins and pricing strategies for manufacturers.

b) Supply Chain Disruptions: The COVID-19 pandemic exposed vulnerabilities in global supply chains. Disruptions in the supply chain, including manufacturing and transportation, led to delays in production and distribution, affecting the hosiery market.

c) Changing Consumer Preferences: Consumers' preferences are constantly evolving, influenced by fashion trends, changing lifestyles, and societal shifts. Meeting these dynamic preferences and staying ahead of competitors can be challenging for hosiery brands.

Top of Form

 

Competitive landscape:

  • Spanx Inc. announced in 2021 that it had reached a binding agreement with Blackstone under which the latter would pay US$ 1.2 billion for a majority share in the business. The acquisition will allow SPANX to broaden its worldwide reach, speed up its already quick digital transformation, strengthen its e-commerce presence online, and fuel its dedication to developing ground-breaking, inventive goods for its clients across far more categories. As they join forces to support the global emancipation of women, the companies want to establish an all-female SPANX board of directors.
  • In 2021, Adidas held a Virtual Investor & Media Day to unveil its new “Own the Game” strategy. The primary strategic goals of “Own the Game” are to increase the legitimacy of the Adidas brand, develop a distinctive customer experience, and broaden the company’s environmental initiatives. Up to 2025, the revised strategy is expected to considerably boost sales, profitability, and market share.

Key Companies Profiled:–

  • Spanx Inc.
  • Adidas AG
  • Nordstrom Inc.
  • Wolford AG
  • Jockey International, Inc.
  • Golden Lady Company S.p.A.
  • L Brands, Inc.
  • CSP International Fashion Group S.p.A.
  • Gildan Activewear Inc.
  • Hanesbrands Inc.

Key Segments Covered in the Hosiery Market Report:

·         By Product :

  • Body Stockings
  • Compression Stockings
  • Knee-High/Hold-Ups Hosiery
  • Stockings
  • Socks
  • Tights
  • Toe Socks

·         By Demography :

  • Hosiery for Men
  • Hosiery for Women

·         Hosiery Market by Price Range :

  • Economy-Priced Hosiery
  • Mid-Priced Hosiery
  • Premium-Priced Hosiery
  • Super Premium-Priced Hosiery

·         By Sales Channel :

  • Modern Trade
  • Specialty Stores
  • Online Stores
  • Other Sales Channels

·         By Region :

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • Middle East Africa

For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/121

About Us:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

 

Comments

Post a Comment

Popular posts from this blog

Automotive Lightweight Material Market Insights

The global automotive lightweight material market has witnessed moderate growth at a CAGR of 3.3% over the past half-decade. However, due to the ongoing outbreak of COVID-19, automotive production has plummeted in quarter Q2 of FY2020, and has cascaded the demand effect towards automotive light weight material. The market is set to decline by more than twofold over the short-term forecast period, owing to prolonged COVID-19 effect on the automotive industry. By the 1st quarter of FY2022, demand for automotive lightweight material is set to resurrect, owing to normalization of automotive production. Download Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=3423?SP Key findings of the Automotive Lightweight Material market study:  Regional breakdown of the Automotive Lightweight Material market based on predefined taxonomy. Innovative manufacturing processes implemented by Automotive Lightweight Material vendors in detail. Region-wise and country-...
Read more

Eyelash Enhancing Agents Market Poised for 5% CAGR Expansion by 2027

Eyelashes enhancing agents market   registered a CAGR of nearly 4.0% between 2013 and 2017. Global sales of eyelashes enhancing agents closed in on US$ 280 Mn in 2018, and are estimated to record a Y-o-Y growth of over 5.0% in 2019. Growing prevalence of Blepharitis, which leads to eye inflammation and affects growth of eyelashes, has favored sales of cosmetic products among the increasing ‘look-conscious’ demographic worldwide, thereby driving demand for eyelashes enhancing agents. The consumers shift towards natural therapies and treatments to prevent side-effects of the chemical-induced agents has led manufacturers to focus on offering a broad array of effective natural eyelashes enhancing agents. For more insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=3588 The readability score of the Eyelashes enhancing agents Market Demand report is good as it offers chapter-wise layout with each section divided into...
Read more

Eucalyptus Oil Market Forecast to Reach at US$ 270 Million by 2033

 The global eucalyptus oil market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 6.8%. This growth is expected to propel the market from its 2023 valuation of US$ 140 million to reach an impressive US$ 270 million by the conclusion of 2033. Eucalyptus oil, derived from eucalyptus leaves, finds its origins in the lush Australian forests, where eucalyptus trees first emerged. However, in response to heightened demand from various oil producers, these trees are now cultivated worldwide. Eucalyptus oil is obtained through the steam distillation method, which involves carefully selected eucalyptus leaves. The oil offers numerous benefits, including antioxidant protection, stimulation of the immune system, and enhanced respiratory circulation. For more insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=92 Market Drivers: Growing Demand in the Aromatherapy and Pers...
Read more