Published Date : 29 Jan 20 | Views: 100 | Industry : Consumer Goods
Apparels
Segment Projected to Witness Lucrative Growth
The
application segment is a major segment of the market, which is divided into
Footwear, Apparel, Mattress and Bedding, Bags and Luggage, and Others. The apparels
Segment held a substantial share of the market due to a high demand for clothes
designed according to the latest fashion trends. The availability of a variety
of new apparel products in convenience stores and e-commerce websites is likely
to create high demand for clothes and offer lucrative opportunity for the growth
of the Sewing Threads market.
The
authors of the report have classified the product segment into Synthetic and
Natural products.
The
Asia-Pacific Market is Expected to Grab a Substantial Share of the Global
Market
China
is expected to grab the largest share of the global market followed by South
Asian countries due to a high demand for cotton and synthetic clothes. The
growing popularity of e-commerce websites among young population and their
preference for buying trendy apparel products is likely to boost the growth of
the market.
Prominent
Players Eye Significant Profit Through Product Innovation
Key
players profiled in the report are A&E, Coats, Vardhman, KDS Thread, Well
Group, Modi Thread, Tamishna, Onuki, Durak, Hapete, Threads (India), Sarla
Fibers, PT. Sing Long, IEM, HP Threads, Simtex Group, Huarui, Jovidasal, Hoton
Group, S.DErons, Huaxin, Forland, Suiata Synthetics, Amin Associates, Yiwu
Mingrong, Ningbo MH, and Kai International. Market players are keen to develop
quality products that are innovative, sustainable, and eco-friendly. They are also
keen to expand the production and distribution of the industrial and consumer
sewing threads.
Increasing
Usage of Cloth in Various Industries is Expected to Accelerate the Growth of
the Market
Sewing Threads has major applications in the production of footwear, apparel, luggage and bags, and bedding and mattress. Increasing usage of cloth in various industries such as defense, medical, sports, and others is encouraging the growth of the market. High demand for apparel and footwear along with increasing demand for garments is likely to expand the growth of the market.