Children’s Jerseys, Sweatshirts And Pullovers Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and COVID-19 Impact Insights, 2028
“The global children’s jerseys, sweatshirts, and pullovers market size was valued at USD 23.87 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028.”
The global Children’s Jerseys, Sweatshirts And Pullovers Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global children’s jerseys, sweatshirts, and pullovers market size is expected to reach USD 33.05 billion by 2028, according to a new report by Million Insights. The market is expected to expand at a CAGR of 4.2% from 2021 to 2028. Advancements in synthetic fibers and supply chain management are anticipated to boost the growth of the global market. Increasing research activities and the growing adoption of synthetic fibers will support the industry growth. For instance, dry CELL technology fabric keeps moisture away from the skin. The rising popularity of character prints such as Star Wars, Dalmatians, Haribo, and other animals is likely to further boost the product demand in the global market. Manufacturing apparel such as sweatshirts, jerseys, and pullovers requires various processes, including dyeing, printing, and washing. These processes consume harsh chemicals and a large amount of water that eventually cause environmental pollution. The devastating impact on the environment and rising awareness regarding it are expected to restrain further the market growth. The Covid-19 pandemic impacted the market for children’s jerseys, sweatshirts, and pullovers, dropping the total sales of the product. Due to the Covid-19 restrictions, market activities across the supply chain were affected, halting manufacturing, trading, and sales. However, the growth of the market is expected to recover with the resumed trade and business activities and relaxed restrictions.
Children’s Jerseys, Sweatshirts & Pullovers Market Report Highlights
Asia Pacific is expected to expand at the fastest CAGR of 4.9% from 2021 to 2028. This can be attributed to the increasing population and rising disposable income in Asian countries. The jerseys type segment is anticipated to expand at the fastest CAGR of 4.8% from 2021 to 2028. Manufacturers are launching various jerseys with different logos of the sports teams that are dedicated to fans’ wardrobes. The online distribution channel segment is anticipated to register the highest CAGR of 4.6% from 2021 to 2028. The segment growth is attributed to the increasing demand from the younger generation due to convenience and ease.
Click The Link Below to Request Free Demo of Children’s Jerseys, Sweatshirts & Pullovers Market: https://www.millioninsights.com/snapshots/childrens-jerseys-sweatshirts-pullovers-marketreport/request-demo The sweatshirts type segment held the largest revenue share of more than 35.0% in 2020. Sweatshirts are simple, comfortable, and made of fleece from the inside, which provides extra warmth and absorbs sweat. Sweatshirts have become a basic and essential wardrobe item. Rising consumer preference for comfort and convenience, along with the use of sweatshirts as a style and fashion statement, is contributing to the segment growth. The online distribution channel segment is anticipated to register the highest CAGR of 4.6% from 2021 to 2028. The segment is chiefly driven by the increasing demand from the younger generation due to convenience and ease. Moreover, the emergence, expansion, and penetration of online retailers in new geographies and demographics are anticipated to propel the segment growth. Europe held the largest revenue share of over 30.0% in 2020. The region has a strong presence of key players in the market. The regional market growth can also be attributed to the extensive and highlydeveloped distribution network. Further, consumers in the European countries have higher per capita disposable income and apparel spending, along with increased awareness regarding the trends.
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