Press Release
Press Release
The global market of socks is significantly aided by the increasing population, rising disposable incomes, growing retail industry, and an increasing shift towards sports and athletic activities. The increasing awareness in consumers regarding foot-related diseases is also aiding the growth of the socks industry. The market is further expected to grow in the region which are developing, owing to the increasing corporate population, creating an opportunity for the growth of the formal socks segment.
Companies like Adidas A.G (ADDYY: OTC) and NIKE Inc. (NYSE: NKE) have facilitated in maintaining the supply chains across the globe for socks. The market is also expected to be propelled by the rising demand for sustainable products. Thus, in 2020, Adidas announced that almost 60% of its products shall be made with sustainable materials by 2021. This is expected to boost the sales across all segments of the company, including socks and catalyse the overall growth of the industry.
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The major players in the global socks market include The Sock Factory, Nester Hosiery, Golden Lady Company SpA, Nike Inc, Hanesbrands Inc., Under Armour®, Inc., PUMA SE, Strumpfwerk Lindner GmbH, Exceptio Ltd, and HJ Hall Socks, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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