Knitwear Market to Grow at A High CAGR During 2018-2023

Knitwear Market

Emerging Size, Industry Trends, Share, Leading Player and Forecast to 2023

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Liquid Toothpaste Market Knitwear Market 2018: Emerging Size, Industry Trends, Share, Leading Players and Forecast to 2023 • Global liquid toothpaste market is projected to grow at CAGR of 4.3 % backed by growing demand for liquid toothpaste, various herbs and increasing variety of liquid toothpaste are the key growth drivers responsible for the growth of global liquid toothpaste market. Growing awareness about healthy lifestyle and toothpaste enriched with various herbs has also boosted the sales of liquid toothpaste.

• Globally with huge demand for liquid toothpaste, this market will continue to grow, due to increasing oral health awareness in recent years. Key players are investing in R&D for innovating product line as liquid toothpaste market’s growth is directly proportional to the scope of innovation due to highly competitive market. Moreover, key players are also investing in partnership with various food chains as the main focus area is to grow the consumer base. Due to the increasing working class population and disposable income, there is rise in the demand for liquid toothpaste.

• Increasing number of oral health conscious consumers in both developing and developed economies, is one of the driving forces for this market. Key players are also investing in R&D so as to focus on development of new product line with improved formulations. Liquid toothpaste are consumed by many consumers as it helps in maintaining fresh mouth as well as protection against dental issues such as pyorrhea, gum bleeding, cavity and sensitivity, which are faced by many consumers now-a-days, hence consumers are trying to find natural remedies for oral health problems. Liquid toothpaste is loaded with ingredients such as neem, mint, basil, spice extracts, meswak and others. Hence, this market will grow at a CAGR of 4.3 % 2

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Knitwear Market Segmentation Based on material type, the global knitwear market has been segmented into natural, synthetic, and blended. The natural segment gained the highest market share in 2017 owing to the versatile, cozy, anti-wrinkle, high absorption capacity, and warm nature of natural fabrics such as cotton, silk, and wool. However, the blended segment is expected to register a higher growth rate during the forecast period owing to the mixed properties offered by blended fabrics. Blended fabric material provides comfort, coziness, elasticity, durability and is easy to work upon.

The global knitwear market has been segregated, by category, into men, women, and kids. The women’s segment is expected to dominate the global knitwear market during the assessment period as a major demand of apparels is from the women’s category. Moreover, knitwear for women are available in a wide variety of designs and patterns.

The global market for knitwear has also been classified, by end-use, as innerwear and outerwear. The outerwear segment is expected to dominate the market due to the availability of different formats of outwear knitwear. In addition, the rate of wear and tare of outerwear is high as compared to innerwear, which in turn is surging the sales of outerwear segment.

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Knitwear Market Major Players in this Research: Key Players for Knitwear Market: • Adidas AG (Germany), • Gildan Activewear Inc. (Canada), • Loro Piana S.p.A. (Italy), • Puma SE (Germany), • Ralph Lauren Corporation (the US), • The Nautical Company (UK) Ltd (UK), • Victoria's Secret (the US), • Maglificio Ripa S.p.a (Italy), • LENZING AG (Austria), • Ecowool (New Zealand), • Sana Hastakala (P) Ltd. (Nepal)

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Knitwear Market Regional Market Analysis On the basis of region, the global knitwear market has been segmented into North America, Europe, Asia-Pacific, and RoW. North America and Europe are expected to account for the highest market share in the global knitwear market owing to presence of several prominent market players in the regions. Moreover, the customers in the respective regions have a higher purchasing ability to buy premium knitwear products.

Asia-Pacific is expected to exhibit the highest CAGR in the global knitwear market due to the surging demand for textile products in countries such as India, China, Taiwan, and Indonesia. Market players are outsourcing their production operations from Asia-Pacific, which in turn is catalyzing the region’s market growth.

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