Market Overview:
Hook and loop fasteners, widely known as VELCRO Brand, consist of two distinct pieces. There is the rough side, known as a hook because it is covered with several tiny hooks per square inch, and there is the soft side, known as the loop because it is covered with many small loops. When the two sides are pressed together, the hooks engage the loops. This creates a bond that is exceptionally strong and allows for repeated use without the hook and loop material wearing out. Hook and loop fasteners are made up from nylon, polyester, and polypropylene materials. These materials offer durability, toughness, lightweight, resistance to waters, among others.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Velcro Inc. (United States), 3M Company (United States), YKK Corporation (Japan), Dunlap Company (United States), Paiho North America, Inc. (United States), Lovetex (Taiwan), HALCO (United States), Krahnen&Gobbers GmbH (Germany), APLIX, Inc. (United States) and DirecTex (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Velcro Hook And Loop Market Study:
Velcro Inc. (United States), 3M Company (United States), YKK Corporation (Japan), Dunlap Company (United States), Paiho North America, Inc. (United States), Lovetex (Taiwan), HALCO (United States), Krahnen&Gobbers GmbH (Germany), APLIX, Inc. (United States) and DirecTex (United States)
Velcro Hook And Loop Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Footwear’s & Apparel, Transportation, Industrial, Medical and Others |
Type | Nylon, Polyester and Others |
Influencing Trend:
People are Rapidly Adopting Hook & Loop Enabled Footwear’s
Market Growth Drivers:
The Growing Packaging Industry, Growing Demand for Footwear’s Across the Globe, The Growing Hook & Loop Product Applications in Medical Industry and The Rising Demand from Industrial Sectors
Restraints:
Environmental Issues Associated with Hook & Loop Production
Opportunities:
Emerging Demand From Developing Countries
Some of the other players that are also part of study are Kuraray Fastening Co., Ltd. (Japan), Armpack (Australia), Linkron pty Ltd. (Australia), Shanghai H&L Industry Co., Ltd. (China) and Oasis texfab (India). The Global Velcro Hook And Loop market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
On 22 Feb 2018, Kuraray Fastening Co., Ltd. announced their polyester hook and loop fasteners MAGIC TAPE and FREEMAGIC, which are also flame-resistant and have been certified by the Oeko-Tex Standard 100 for textile safety.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Velcro Hook And Loop market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Velcro Hook And Loop market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hook & Loop Manufacturers, Raw Material Suppliers, Hook & Loop Distributors/Traders, Hook & Loop Importer/Exporter, Regulatory & Government Bodies and Industry Association.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.