About Elastic Tape
Woven fabrics are made in different width. Most garments or made-ups are made from the fabric 36” or wider. We commonly see the fabric for Dress Material, Shirting, Suitings or Bed Sheets. Elastic Tapes are categorized under Narrow Fabrics. The narrow fabrics may be elastic or inelastic in nature. While inelastic narrow width fabrics are used in labels, hand tags, straps, shoe laces, Niwars etc., the elastic narrow fabrics, called Elastic Tapes, are used to hold garments firmly in place like in undergarments, trousers, top sleeves, waist-bands, wrist bands, hospital products, hair bands etc. Elastic is used is underwear, knitted shirts, knitted trousers, lingerie and many other garments. Elastic also offers better shape and fitting to the garments making it the essential consumable item in many products.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that Indian Vendors will contribute the maximum growth to Global Elastic Tape market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
J.V. Tape (India), Viken Tape Pvt. Ltd. (India), Nitto (Japan), Medco Sports (United States), Jaybird (United States), Medline (United States), Honeywell (United States), LAICATEX (India), H Seal & Co Limited. (United Kingdom) and Linyi Doublemoon Hardware Products Co., Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Elastic Tape market by Type (Braided Elastic, Knit Elastic, Woven Elastic, Fold Over Elastic and Lingerie Elastic) and Region.
On the basis of geography, the market of Elastic Tape has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Elastic Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Less than 1 inch will boost the Elastic Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Rubber will boost the Elastic Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Use of Knitted Fabric
Market Growth Drivers:
Increasing Demand for the Undergarments and Readymade Garments
Challenges:
Constant Change in Fashion
Restraints:
Fluctuation in Raw material Prices
Opportunities:
Increasing Use of Elastic Tape in Sports
Market Leaders and their expansionary development strategies
In November 2023, Avery Dennison announced a collaboration to develop and market elastic tape solutions for various applications. The partnership is expected to leverage the strengths of both companies to create innovative products that meet the needs of customers.
In November 2023, Nitto Denko Launches Biodegradable Elastic Tape. Nitto Denko, a Japanese chemical company, announced the launch of a new biodegradable elastic tape made from plant-based materials. The new tape is expected to reduce the environmental impact of elastic tape products.
Key Target Audience
Manufacturers of Elastic Tape, Suppliers of Elastic Tape, Wholesalers, Distributors and Retailers of Elastic Tape, Textile Industry and Raw Material Provider
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.