June 08, 2022
According to the market assessment report titled ‘Global Decorated Apparel Market (2022 Edition) - Analysis By Technique, End-User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global decorated apparel market which held a valuation of USD 18.65 billion in 2021, is expected to witness a sturdy growth rate through 2027.
Increasing population, evolving lifestyle & fashion choices, coupled with rising disposable income levels in developing economies like India and China are the major factors augmenting global decorated apparel market growth.
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Besides, growing inclination towards clothings with embroidery, sublimation, heat transfer, and screen-printing processes is a major factor contributing to proliferation in market trends in recent years.
Increasing demand for a reflective finish in clothes is estimated to unearth new opportunities for market expansion during the forecast period.
For the sake of comprehension, this business sphere is bifurcated in terms of technique, end user, and region.
Speaking of technique, the industry is fragmented into digital printing, screen printing, dye sublimation, embroidery, and other such processes. Among these, the embroidery segment accrued a sizable valuation in 2021 and is poised to rise exponentially during the review period, creditable to the increasing popularity of the technique across the globe as it brings out unique elements of elegance and richness in garments. Further, embroidered clothes are cost effective for the consumer which is a major factor aiding segmental expansion.
Based on end-user terrain, worldwide decorated apparel industry is classified into kids, women, and men.
Geographically, Asia Pacific market is slated to showcase a robust annual growth rate during the assessment timeline, attributable to penetration of the product in developing economies. Further, rising disposable income levels, and a gradual shift in lifestyle and fashion choices among masses in countries like India and China have fostered a rapid product uptake over the past few years.
The competitive framework of global decorated apparel industry space is defined by key players such as The Screen Works, EmbrioidMe, Downtown Custom Printwear, Fruit of the Loom Inc., Master Printwear, Delta Apparel Inc., Advance Printwear Ltd., Hanesbrands Inc., Lynka Sp. z o.o. Printwear, and Gildan Activewear Inc.