The global hosiery market has grown at a robust pace over the past few years and rising awareness of consumers for quality, durability, fashion style and personal grooming is main reason to observe rapid growth during the forecast period. Over the past few years, it has been noticed that not the women hosiery segment is rising but the demand for such products are showcasing a robust growth from the men’s segment due to increasing trends in apparel and fashion. The hosiery is anticipated to observe a rapid growth in terms of both volume and value during the forecast period.
Apart from this, propagation of modern retail formats such as supermarkets, discount stores, and pharmacy stores is resulting in increasing product visibility. This enables easier accessibility to clothing products such as hosiery to consumers. The increasing sales from online commerce sector is fuelling the growth of global hosiery market as it saves the time of buyers and offer various discounts on the products. Thus, the online store is expected to be the fastest growing segment which is anticipated to expand the growth of global hosiery market over the forecast period.
Robust economic growth along with rising personal disposable income in Asian countries such as India and China is expected to create more demand for comfortable and stylish hosiery which is expected to boost the growth of Asia-pacific region during the forecast period.