Children’s Suits & Ensembles market to Eyewitness Huge Marginal Growth by 2028Posted by Mrudula Karmarkar on November 4th, 2022 The global children’s suits & ensembles market size was estimated to reach USD 4,918.9 million by 2028, registering a CAGR of 2.9% from 2022 to 2028 according to a new report by Grand View Research, Inc. This can be attributed to the strong growth scenario in the Asia Pacific market, mainly due to the population growth coupled with rising per capita expenditure. However, the market growth of the children’s suits & ensembles market is hindered by the import and market access barriers, mostly due to stringent government trade laws and political opportunism. The COVID-19 had a negative impact on the global children’s suits & ensembles market. Various countries imposed restrictions and lockdown to curb the spread of disease, which subsequently affected the market activities thus, slowing down the children’s suits & ensembles market. Restricted or reduced sales, plummeted trade, and curtailed manufacturing activities during the lockdown resulted in declined sales and demand across the globe. However, market is anticipated to witness positive demand and healthy growth in the coming years on the account of relaxed restrictions and resumed trade along with manufacturing activities. Market analysis, based on the fiber segment illustrated, that the market revenue share was substantially contributed by the polyester fiber segment. Polyester occupied the global market revenue share of more than 40.0% in 2021. Polyester is a synthetic fiber which is derived from petroleum industry. The is highly non-degradable product and is a serious environmental pollutant. It is a polymer containing ester as a functional group. Its characteristics are highly favorable by the clothing manufacturers in the industry. It is durable, water resistant, wear and tear tolerant, and versatile, making it popular fabric in the apparel industry. This is attributed to the higher market share of the segment. Online segment is anticipated to register CAGR of 3.5% from 2022 to 2028. Online segment is expected to witness promising growth development due to the expansion of online retail giant and emergence of new online retailers plus company-owned websites. Moreover, the COVID-19 pandemic augmented online channel decade of growth in a single year in apparel industry, as the global brand manufacturers chose to launch online shopping websites to make up the loss occurred in sales due to the pandemic restrictions. Global children’s suits & ensembles market was dominated by boy’s segment and contributed market revenue share of over 55.0% in 2021. Formal gathering and party, wedding, festivals, etc. at such occasions boys require to dress up in formal clothes, especially suits and ensembles. Higher population of the boys compared to the girls is also credited for the higher market share. Moreover, elevated demand from the end user segment for suits and ensemble products accounts for top market share contribution. Request a free sample copy or view report summary: The growth of the global children’s suits and ensembles market is credited to the strong demand from the Asia Pacific, mostly due to population growth. Global brands penetration and consumers per capita spending are propelling the market growth. Moreover, fast fashion has tremendous positive economic impact on the global apparel industry, where designer clothes are made available at low-cost. Furthermore, developments in retail sector and expansion of both brick & mortar and online distribution channel are expected to increase the availability and accessibility of kid’s clothes across the world. This is expected to positively impact growth of the children’s suits & ensembles market, during the forecast period. COVID-19 restrictions and lockdown imposed by the governments to curb the spread of the disease affected the children’s suits & ensembles market. Plummeted trade restricted or reduced sales and curtailed manufacturing activities during the lockdown resulting in declined sales and demand across the globe. However, the market is expected to witness positive demand and healthy growth in the coming years on the account of relaxed restrictions and resumed trade and manufacturing activities. Children’s Suits & Ensembles Market Report Highlights
Children’s suits & ensembles market growth is significantly fueled by the mainstreaming children’s apparel industry and increasing research & development activities. Children’s clothes are becoming trendier and more fashionable. Many global brands are investing increasingly on the research & development of children’s clothes to produce comfortable, fashionable, and designer clothing. For instance, as published in December 2021, Me n Moms is weaving a success story with the research & development activities. Lack of skilled and productive labor in the apparel industry, which is primarily located in the developing economies, is restraining the further market growth. In addition, rising awareness about the environmental pollution, caused by the apparel and fashion industry, is likely to restrain the market growth. Moreover, apparel industry is an example of buyer-driven value chain. Manufacturing apparel is highly dependent on foreign investments and trade activities. Local import and market access barriers are a few other restraints, faced by the market. Political opportunism and fragmented vision also significantly affects the countries laws and regulations, implicating unfavorable effect on the global market. Sustainable and eco-friendly products are gaining momentum in the global market in almost every sector. The increasing awareness about the environment pollution and greenhouse gas emission are encouraging more consumer to purchase eco-friendly and green products. Sustainable and eco-friendly products will provide more opportunities in the global children’s suits & ensembles market during the forecast period. List of Key Players of Children’s Suits & Ensembles Market
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