The Asia Pacific Headwear Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
The use of modern fabrics and designs in headgear making is also aiding in increasing its demand. Spun bond polymeric non-woven fabric is used to make non-woven hats. Given that it has a lower specific gravity than hydrophobic PP fibers, it has excellent air permeability and water repellency, resulting in dryness and comfort, as well as resistance to fungi and bacteria. The industry for hats made of non-woven fabric has had tremendous growth, mostly due to its major advantages in terms of stability, comfort, cost, and environmental friendliness. These caps are frequently used in hospitals, partly because they are one of the finest methods for avoiding contaminated surgical instruments and dirty hair. In surgical settings, it also helps to provide a more hygienic working environment.
Additionally, the rising awareness of the ill effects of UV has further increased the use of headwear. It's become critical to protect the scalp and hair from UV radiation throughout the warmer months. In the summer, the use of a light-colored sun hat is emerging in many regions. These hats do not heat the head, have a wide brim for shade, and are properly ventilated. In addition, the crown of a sunhat provides a wide swath of shade to maintain a comfortable cool.
The growth of sportswear contributed to the sports cap's relevance because it transformed from streetwear essentials to fashionable must-haves amongst general consumers, further influencing the headwear market in the region. Due to the region's rising demand for hair accessories, manufacturers predict a quick market expansion. Retailers are looking to boost their average spending through simple add-on sales. Retailers are responding to this trend by introducing stylish headbands and beanies. The hot summers in Australia, China, and India significantly increased the demand for headwear, particularly hats. To increase consumer interest, the major brands are introducing headbands and caps in trendy designs such as cushioned and embroidered.
The China market dominated the Asia Pacific Headwear Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,120.1 million by 2028. The Japan market is generating a CAGR of 6.4% during (2022 - 2028). Additionally, The India market would grow at a CAGR of 7.7% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Type, the market is segmented into Hats & Caps, Beanies and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Headwear Market is Projected to reach USD 36.4 Billion by 2028, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adidas AG, PVH Corporation (Calvin Klein), Capri Holdings Limited, Guccio Gucci S.p.A. (Kering Group), New Era Cap Co., Lacoste (Maus Frères SA), Superdry Plc, Nike, Inc., Ralph Lauren Corporation, and PUMA SE.
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