What is Global Velcro (Hook & Loop) Market?
The Global Velcro (Hook & Loop) Market is a comprehensive study of the worldwide market trends and growth prospects, focusing on the Velcro industry. Velcro, also known as hook and loop fasteners, are widely used in various industries due to their ease of use and versatility. The market study encompasses the global scenario, highlighting the overall market value, anticipated growth, and the Compound Annual Growth Rate (CAGR). In 2022, the global Velcro market was valued at US$ 2277.9 million. It is projected to reach a value of US$ 3218.2 million by 2029, indicating a steady growth with a CAGR of 5.0% during the forecast period from 2023 to 2029.
Nylon, Polyester, Others in the Global Velcro (Hook & Loop) Market:
The Global Velcro (Hook & Loop) Market is segmented based on the type of material used, such as Nylon, Polyester, and others. Each material has its unique properties and applications. Nylon Velcro is known for its durability and strength, making it suitable for heavy-duty applications. Polyester Velcro, on the other hand, is resistant to UV radiation and water, making it ideal for outdoor applications. The "others" category includes materials like polypropylene and polyethylene, which are used in specific applications. The choice of material depends on the application and the performance requirements.
Footwear & Apparel, Transportation, Industrial Manufacturing, Medical, Others in the Global Velcro (Hook & Loop) Market:
The Global Velcro (Hook & Loop) Market finds its usage in various sectors such as Footwear & Apparel, Transportation, Industrial Manufacturing, Medical, and others. In the Footwear & Apparel industry, Velcro fasteners are used in shoes, clothing, and accessories for their ease of use and adjustability. In the Transportation sector, they are used in vehicles for securing items and in seat upholstery. Industrial Manufacturing uses Velcro for various purposes, including cable management and securing components. In the Medical field, Velcro is used in bandages, braces, and medical devices. The "others" category includes miscellaneous uses of Velcro in sectors not mentioned above.
Global Velcro (Hook & Loop) Market Outlook:
The market outlook for the Global Velcro (Hook & Loop) Market is promising. In 2022, the market was valued at US$ 2277.9 million. It is expected to grow at a CAGR of 5.0% from 2023 to 2029, reaching a value of US$ 3218.2 million by the end of the forecast period. The Asia-Pacific region is the largest consumer of Velcro, accounting for about 53% of the total market volume in 2019. This dominance can be attributed to the robust manufacturing sector in the region, coupled with the high demand from the apparel and footwear industry.
| Report Metric | Details |
| Report Name | Velcro (Hook & Loop) Market |
| Accounted market size in 2022 | US$ 2277.9 in million |
| Forecasted market size in 2029 | US$ 3218.2 million |
| CAGR | 5.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Velcro, 3M, APLIX, Kuraray Group, YKK, Paiho, Jianli, Heyi, Binder, Shingyi, Lovetex, Essentra Components, HALCO, Krahnen&Gobbers, Dunlap, DirecTex, Jieji, Tesa, ISHI-INDUSTRIES, Siddharth Filaments |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
