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Global Hosiery Market Is Anticipated To Add 1.3x Value By 2031

Hosiery

Fact.MR’s recently published report estimates the global hosiery market to accelerate at a CAGR of 4.8% from 2021 to 2031, expected to reach US$ 80 Bn by the end of the aforementioned forecast period. As of 2021, the industry is likely to be valued at US$ 60 Bn. Demand is likely to accelerate on the back of increasing functionality across multiple sectors.

From 2016 to 2020, hosiery sales inclined at a CAGR of around 3%. Prospects received a significant setback during the COVID-19 pandemic, especially in the sports and outdoor activities segment, given the cessation of all sponsored activities to contain the spread of the disease. However, demand for everyday wear remained strong, as consumers simply shifted to e-commerce platforms.

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Key Takeaways from the Market Study

 “The hosiery market is treading new growth trajectories underpinning the advent of products that can meet the demand for new sets of functionalities and derive new health benefits.” comments a Fact.MR analyst

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground.

Key Segments Covered

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