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Growing Sports Industry to Boost Demand for Sports and Athletic Socks Through 2031
For example, in February 2021 , VF Corporation announced that by 2025 it would eliminate all single-use plastic packaging and that all remaining packaging would be reduced, made from sustainable materials, and optimized for reuse or recyclability.
Furthermore, changing fashion trends throughout the world have prompted market players to provide a variety of sock lengths, such as anklets, liner socks, no-show, and so on. Additionally, because customers are more aware of the allergy connected with synthetic fabrics these days, they choose socks that contain fewer synthetic components and are made of natural materials.
Moreover, to expand their consumer base, manufacturers are increasing their geographic footprint by constructing physical storefronts and e-Commerce websites in developing regions, as well as offering new types and brands.
For instance, Hanesbrands Inc. launched FreshIQ Technology in its flagship brand Hanes, which offers odor protection and has been implemented in men's socks, T-shirts, and fleece products. Moreover, its underwear also incorporate this technology with antimicrobial protection.
The report underlines ground-breaking insights into the competitive scenario of the sports and athletic socks market, along with the highlights of differential strategies used by manufacturers.
Some of the key players identified across the value chain include Adidas Group, Nike, Inc., Puma SE, Skechers
USA , Inc., Hanesbrands, Inc., Jockey International Inc., VF Corporation, Drymax Technologies, Inc., Under Armour, Inc., ASICS Corporation, Wolverine World Wide, Inc., THORLO, Inc., and New Balance Athletics, Inc., amongst others.
Persistence Market Research published a new market report on the sports and athletic socks market, covering global industry analysis of 2016-2020 and forecasts for 2021 to 2031. This research report provides compelling insights on the basis of product, material, consumer orientation, and sales channel, across all major regions of the world.
The report also includes forecast factors and vital macroeconomic factors that are anticipated to boost the growth of the global market. It also addresses the restraints that are projected to hinder market growth, along with the latest trends and potential opportunities in the market.
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