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Elastic Waistband Market REPORT OVERVIEW
The global elastic waistband market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.
An elastic waistband is usually used in clothing components such as trousers, skirts, swimsuits, shorts, and undergarments. The strip is used to confine fabric that encircles the waist. The waistband can be worn for fashion and utility.
Increased demand for waistband in the clothing industry is expected to flourish market growth. The waistband is usually used in clothing components such as trousers, skirts, swimsuits, shorts, and undergarments. The strip is used to confine fabric that encircles the waist. The waistband can be worn for fashion and for utility. The product's properties are excellent wash resistance, zero shrinkage, and resistance to saline water, and chlorine is predicted to fuel market growth in the forthcoming years. The considerable need for fitness clothing and the rise in number of adventure sports among the population is estimated to fuel market growth. Growing awareness about fashion, health, and media. The increased spending capacity of an individual is estimated to expand market progress in the forthcoming years. On the contrary, a shortage of highly skilled labor and a rise in prices of raw materials for manufacturing the product are predicted to limit market growth in the forthcoming years.
COVID-19 Impact: Lack of Labor and Closure of Several Industries to Halt Market Growth
The spread of the Coronavirus pandemic to the affected textile industry. Shutting of manufacturing units and lockdown restrictions minimized market growth. Lack of labor and closure of several industries halt market growth. Further, rise in raw material prices hampered market growth during the pandemic period.
LATEST TRENDS
"Growth in Textile Sector to Fuel Market Growth"
The market growth is extensively growing due to increased demand from textile sector. The rubber tapes are used as resistance or exercise bands. The material is used in clothing material such as trousers, skirts, swimsuits, shorts, and undergarments. The strip is used to confine fabric that encircles the waist. The waistband can be worn for fashion and for utility. Increased brand awareness and growing fashion consciousness among the youth population are expected to fuel market growth. Increased number of developments and rise in disposable income. Growing spending capacity is predicted to accelerate elastic waistband market growth in the upcoming years.
Elastic Waistband Market SEGMENTATION
- By Type
Based on type, the market is divided into braided, woven, and knitted.
Braided is expected to be the top part of type segmentation
- By Application
Based on the application, the market is divided into sports and fashion.
Sports are expected to be the top part of application segmentation.
DRIVING FACTORS
"Unique Properties of the Material to Accelerate Market Growth"
The properties of the product are excellent wash resistance, zero shrinkage, and resistance to saline water, and chlorine is predicted to fuel market growth in the forthcoming years. A huge need for fitness clothing and a rise in the number of adventure sports among the population is estimated to fuel market growth. Further, rise in the popularity of sports training and the presence of customer-specific requirements such as shin guards and utility shock cords. The material is also used in automobile covers and luggage pockets. In addition, the growing adoption of the material in car seat covers and bags is estimated to attract more consumers over the forecast period.
"Massive Adoption of the Material in Medical Sector to Boost Market Development"
The material is used in the medical sector. Massive need for the material in manufacturing medical types of equipment such as bandages, tourniquets, and face masks. Growing awareness about the benefits of the material is expected to drive marker growth in the upcoming years. The elastics are used in disposable clothing, shoe covers, and bouffant caps. Rise in brand awareness and increased demand for garment accessories such as belts, elastic sleeves, and others. Increased adoption of the product in underwear for waist and leg opening is estimated to attract more consumers throughout the estimated period.
RESTRAINING FACTORS
"Shortage of High Skilled Labor and Rise in Prices of Raw Materials for Manufacturing to Limit Market Growth"
The shortage of highly skilled labor and rise in raw materials prices for manufacturing the product is predicted to limit market growth in the forthcoming years.
Elastic Waistband Market REGIONAL INSIGHTS
"Rise in Need for Sports Apparel and Fitness in Asia Pacific to Drive Market Share "
Asia Pacific is estimated to account for the elastic waistband market share owing to the rise in need for sports apparel and fitness. Growing demand for the material in the millennial population and increased disposable income. Increased demand for waistbands in the clothing industry is expected to flourish market growth. The waistband is usually used in clothing components such as trousers, skirts, swimsuits, shorts, and undergarments. The strip is used to confine fabric that encircles the waist. The waistband can be worn for fashion and for utility. The properties of the product are excellent wash resistance, zero shrinkage, and resistance to saline water, and chlorine is predicted to fuel market growth in the forthcoming years. Growing brand awareness is estimated to surge market progress.
North America is projected to witness prominent market growth owing to the enormous need for fitness clothing, and the number of adventure sports among the population is estimated to fuel market growth. Growing awareness about fashion, health, and media. Increased spending capacity of an individual is estimated to expand market progress in the forthcoming years.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
LIST OF TOP ELASTIC WAISTBAND COMPANIES
- Stretchline (Sri Lanka)
- Lauma Fabrics (Latvia)
- Rimteks (India)
- Fulflex (U.S.)
- Premco (India)
- Nantong Prime Textile (China)
- Hung Hon (4K) (China)
- Amanda Textile (China)
- SANKEI (China)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
Frequently Asked Questions
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What is the leading region in the elastic waistband market?
The leading region in the elastic waistband market is Asia Pacific.
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What are the driving factors help pushing the elastic waistband market?
The drivers of the elastic waistband market are unique properties of the material and huge adoption of the material in medical sector.
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Which are the key player or most dominating companies functioning in the elastic waistband market?
Stretchline, Lauma Fabrics, Rimteks, Fulflex, Premco, Nantong Prime Textile, Hung Hon (4K), Amanda Textile, and SANKEI are the key player or most dominating companies functioning in the elastic waistband market.
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