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Sweat Free and Antibacterial Socks Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities
Tuesday, July 4, 2017
A sock is an item of clothing worn on the feet and often covering the ankle or some part of the calf. The foot is among the heaviest producers of sweat in the body, as it can produce over 0.12 l of perspiration per day; socks help to absorb this sweat and draw it to areas where air can evaporate the perspiration.Socks can be created from a wide variety of materials such as, cotton, wool, nylon, acrylic, polyester, olefins, (such as polypropylene), or spandex. To get an increased level of softness other materials that might be used during the process can be silk, bamboo, linen, cashmere, or mohair.
Market Outlook
Only 2 per cent of population in India wears socks and therefore, 98 per cent market is yet to be exploited. A sock is an item of clothing worn on the feet. The foot is among the heaviest producers of sweat in the body, as it is able to produce over a pint of perspiration per day. Socks help to absorb this sweat and draw it to areas where air can evaporate the perspiration. In cold environments, socks decrease the risk of frostbite.
The global socks market was valued at USD 5.6 billion in 2014, expected to increase at a CAGR of 8.5% from 2015 to 2023. The overall socks market stood at a valuation of US$5.6 bn in 2014 and is expected to be worth US$11.6 bn by 2023.
The study states that almost 70 per cent of men use socks every day. Socks are quickly growing beyond being a useful item to an apparel of fashion due to product developments, diversifications, and commercialization. Application specific customized socks are also opening new opportunities in the market.
The global socks market was valued at USD 5.6 billion in last year, expected to increase at a CAGR of 8.5% in coming year. The lower share of the socks market in the backdrop of the apparel industry can be attributed to low volume and large percentage of the market being unorganized. However, taking the market growth rate into consideration, the socks market is projected to experience robust growth during the forecast period in contrast to the apparel industry in general. The rising demand for socks is primarily driven by improving fashion trends and the growing retail sector. Thus, due to demand it is a good project for entrepreneurs to invest.
The second driver of the sports socks market is the affordable price of sports socks. While some luxury socks made of high-quality fabrics like rare animal wool can sell from $400 to $800 a pair, sports socks can be easily purchased for less than $50. This makes them far more likely to be used for a variety of reasons not related to sports. While their main purpose is for sports, rigorous activities or working out at the gym, sports socks can be matched with informal footwear in a casual setting. Nearly 70% of men wear socks every day and the growth of the men’s apparel industry should also provide a fillip to the overall socks and thereby sports socks market.
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