Underwear Market 2022-2030: Changing Consumer Lifestyle Due To Rising Consciousness Among Individuals

The Global Underwear Market size is expected to reach USD 149.13 Billion in 2030 and register a revenue CAGR of 7.4% over the forecast period, according to the latest report by Reports and Data. Rising consciousness along with importance of maintaining genital hygiene is a major factor driving market revenue growth.

In addition, growing urbanization, rising disposable income, and rising purchasing power are expected to drive market revenue growth. Moreover, rising hygiene consciousness among both men and women, need for protecting against infection, and comfort when sleeping and relaxing are also driving revenue of the market. Local governments in several countries enforced movement restrictions during COVID-19 and global lockdown situation, which further hampered international sporting events, public gatherings, and exhibitions. Individuals were more likely to stay at home and chose to remain indoors as a precaution. According to a report, office-going individuals used to spend 5% of their total working time at home, however, during COVID-19, it has increased to 60%, which is resulting in increased demand for loungewear and comfortable underwear among individuals, in turn, driving market revenue growth.

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The global consumer goods market revenue growth is primarily attributed to factors such as rapid increase in global population, growing demand for food and other essential consumer goods such as healthcare & nutrition, personal care & hygiene, and electronic products, significantly changing consumer lifestyles and preferences, increasing demand for packaged and processed food & beverage products, and increasing working population. Technological advances in product manufacturing and packaging techniques, rapid adoption of cutting-edge technologies such as AI, IoT (Internet of Things), big data analytics, and robotics & automation in consumer goods manufacturing sector, rising awareness of the adverse environmental effects of plastic packaging, and growing demand for eco-friendly and sustainable packaging solutions are among the other key factors driving revenue growth of the global consumer goods market. Stringent government regulations and guidelines for product quality and safety and rising income levels of consumers worldwide, especially in developing economies such as India, are factors that are expected to further boost market revenue growth.

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Top Profiled in the Global Underwear Market Report:

• PVH Corp.,
• Hanesbrands Inc.,
• Jockey,
• Hugo Boss,
• Ralph Lauren,
• Pei Operating, LLC.,
• Louis Vuitton,
• Calvin Klein,
• Nika Group,
• H&M Group.

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Market Segmentation:

By Material Type Outlook
• Cotton
• Polyester
• Cellulosic
• Modal
• Nylon
o Others

By Application Outlook
• Men
• Women

By Distribution Channel Outlook
• Online
• Offline

Key Takeaways of the Global Underwear Market Report:
• A comprehensive overview of the global Underwear industry.
• Accurate market projections in terms of market size, share, and volume.
• Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep-dive analysis of the upcoming market trends.
• Qualitative and quantitative analyses of the global Underwear market.
• Elaborate study of the leading regional markets in the global Underwear market.
• Complete overview of the market's competitive landscape.
• Brief look at the company profiles and portfolios.

Key Regional Markets Covered in the Report:

• North America
o U.S.
o Canada
o Mexico
• Europe
o Russia
o U.K.
o Germany
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o Israel
Rest of Middle East & Africa

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