The global demand for Reclosable Fasteners Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026.
The reclosable fasteners offer superior closure alternatives to zippers, snaps, hooks, etc. Commonly, the reclosable fasteners comprise two parts, two lineal fabric strips sewn or attached to the opposing surfaces that need to be fastened. The first part of the reclosable fasteners features tiny hooks and the other one features smaller loops. When these two parts are hard-pressed together, the hooks latch in the loops and the two components lock temporarily. And, when these two components are pulled apart the strips make a unique ripping sound. Precisely, there are 3 types, standard, mushroom-shaped and adhesive hook and loop. These are predominantly used in apparel, Footwear, Transportation, and Medical industries.
The advent of technology and sustainability are the main trends that are anticipated to play a significant role in driving the global reclosable fasteners market. The increase in the aged population and the prevalence of chronic diseases has brought a boom in the medical industry, which is expected to fuel the reclosable fasteners market. The world population is growing, so are the fashion customers, this factor is foreseen to grow the reclosable fasteners market globally. However, the profits are expected to shrink because of increased rates of material, labor and energy.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of reclosable fasteners.
The entire reclosable fasteners market has been sub-categorized into type, applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Standard Hook & Loop
- Mushroom-Shaped Hook & Loop
- Adhesive Hook & Loop
- Footwear & Apparel
- Industrial Manufacturing
This section covers regional segmentation which accentuates on current and future demand for reclosable fasteners market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Reclosable Fasteners Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the reclosable fasteners market include Velcro, 3M, APLIX, Kuraray Group, YKK, Paiho, Jianli, Heyi, Binder, Shingyi, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.