Thursday, June 13, 2024

Netted Fabrics Market Is Expected to Grasp the Value of USD 369 Million with Growing A CAGR of 3.8%by 2027

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Market Overview The global Netted Fabrics market is projected to experience a growth rate of 3.8%, increasing from USD 272.8 million in 2019 to USD 369 million in 2027. This growth is attributed to rising demand for quick-drying apparel, particularly in the sports industry, where properties like stretchability and breathability are valued. The market also sees applications in sports equipment such as backpacks and shoes, contributing to its overall expansion.

The automotive industry’s growth further contributes to the market’s expansion, as Netted Fabrics are utilized in manufacturing seat covers, providing air permeability and sweat-proof features, enhancing car interiors’ aesthetics.

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Fishnet, characterized by a coarse and open-mesh construction, experiences high growth due to applications in shoes, bodysuits, hosiery, body stockings, fishing nets, backpacks, and tents. However, challenges include the high cost of raw materials and the influence of changing fashion trends on the market.

Product Overview: In 2019, Fishnet accounted for 34.4% of the market share. It is a rough netted fabric primarily composed of synthetic fibers, offering properties such as high elasticity.

The “Others” segment includes products like filet and bobbinet, with bobbinet finding applications in bridal wear, lingerie, haute couture fashion, and curtains. Filet, a decorative netting, is known for creating lace through knotting square or diagonal meshes.

Material Outlook: Nylon is anticipated to achieve the fastest Compound Annual Growth Rate (CAGR) of 4.4% in the forecast period, driven by its widespread usage and availability. Nylon is extensively used in tents, backpacks, fishing nets, and apparel, offering durability and high tensile strength.

Polyester held the largest market share of 42.7% in 2019, utilized in hats, blankets, bedsheets, and computer mouse pads. Its tenacity and durability make it a preferred choice, contributing to increased consumption and market growth.

Application Overview: Clothing dominated the market with a 45.2% share in 2019, influenced by evolving fashion trends favoring woven/knitted fabrics in designing dresses and accessories. The shift towards comfortable and durable apparel, especially in sports, is driving demand, with major manufacturers like Puma and Adidas incorporating netted fabrics into sportswear and shoes.

Netted products are also employed in the defense and security sector for making bulletproof vests, expected to grow at a CAGR of 4.3% in the forecast period.

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Regional Overview: The Asia Pacific region is projected to grow at the fastest CAGR of 4.3% due to the expanding clothing industry, the presence of international brands, and increased disposable incomes. The region’s growing interest in sports, particularly in countries like India, further drives demand for Netted Fabrics.

North America held a 30.5% market share in 2019, driven by high disposable income, increasing demand for luggage dividers and laundry bags, and the rising application of netted designs on cotton fabric. Europe, forecasted to grow at a CAGR of 3.7%, sees increased penetration of fashion trends and online retailing.

Latin America, with a CAGR of 3.2%, experiences growth propelled by a focus on sports, particularly in countries like Brazil, and increasing disposable incomes driving fashion trends.

China leads as the largest producer and exporter of Netted Fabrics globally, owing to lower manufacturing and labor costs and a favorable business environment.

Companies Considered: Major manufacturers in the market include Seattle Fabrics, ZS Fabrics, Taconic, Birdair, Fiberflon, The Chemours Company, Snyder Manufacturing Company, Ultraflexx, Jason Mills, LLC, and Stannek Netting, Inc. These companies have adopted various strategies to strengthen their market presence.

Start-up Traction: Several startups, including Interiors and More Private Limited, Khemani Nx, MR Embroideries, Gbk Tekstil Pvt. Ltd., and Sun Star Enterprises, have entered the market, offering innovative products and technologies. Interiors and More Private Limited, for example, focuses on producing natural and artificial flowers using netted fabrics for decoration.

Deals Landscape: Mergers and Acquisitions play a significant role in the Netted Fabrics industry. In June 2018, VF Corporation acquired Altra, a performance-based Athletic Footwear brand, enhancing VF’s portfolio and contributing to its growth in the outdoor and performance segment.

Expert Insights: Reports and Data predict positive developments in the adoption of Netted Fabrics Market, driven by increased demand from the automotive industry, sports applications, and the medical industry. Post-COVID-19 pandemic recovery is expected to further boost market demand.

Segments Covered in the Report: The report segments the global Netted Fabrics market based on product, material, application, and region, providing revenue forecasts for each segment from 2017 to 2027.

Product Outlook (Revenue, USD Million; 2017-2027):

  • Tulle
  • Fishnet
  • Others

Material Outlook (Revenue, USD Million; 2017-2027):

  • Nylon
  • Polyester
  • Others

Application Outlook (Revenue, USD Million; 2017-2027):

  • Clothing
  • Utility

Regional Outlook (Revenue, USD Million; 2017-2027):

  • North America (The U.S.)
  • Europe (U.K., France)
  • Asia Pacific (China, India, Japan)
  • MEA
  • Latin America (Brazil)

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