Global Elastic Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Elastic market size was valued at US$ 1311 million in 2024 and is forecast to a readjusted size of USD 1714 million by 2031 with a CAGR of 3.9% during review period.

In sewing, elastic is a notion which is sold in narrow strips and generally serves to increase the ability of garment to stretch, either to accommodate movement or to make the garment suitable for wearers of many different physical sizes.

Global key players of elastic include Stretchline, Taiwan Paiho, Fulflex, Asheboro Elastics Corp, etc. Global top five manufacturers hold a share over 28%. Asia Pacific is the largest market of elastic holds a share over 59%. In terms of product, knitted is the largest segment, with a share over 61%. And in terms of application, the largest application is apparel, with a share over 54%.Globally, the market concentration of the elastic industry is low. The world's major elastic manufacturers include Stretchline, Taiwan Paiho, Fulflex, Ashebro Elastics Corp, Rimtek, etc. In terms of revenue, in 2023, the top ten in the world accounted for 36.11% of the elastic market share. They are known for their outstanding performance in elastic and related services. The elastic industry has serious product homogeneity, and most enterprises are private enterprises. There is no strict industry standard for product quality. In addition, most elastic products play the role of auxiliary materials and are not distributed and sold in terminal channels. Therefore, in the process of transmission from manufacturers to consumers, the brand does not affect the choice of direct consumers too much. Therefore, although there are many manufacturers in the elastic industry, there are only a few that can form national brands, so it is difficult to form a terminal brand that consumers rely on.

Due to the development of technology, the average price of products has declined in the past few years. With the maturity of manufacturing technology and the reduction of raw material costs, the average price will maintain this trend in the next few years.

However, the impact of potential supply changes, the cost and availability of raw materials and certain components is uncertain. If raw material prices and related factors (such as energy prices) rise, and the new company cannot pass on the price increase to customers, its operating performance and financial condition will be affected.

Different companies previously had different product applications and performance differences, and the prices of products varied greatly. There will still be more new investments entering this field in the future. By reducing costs and lowering prices, they will quickly occupy the market, develop incremental customer markets, and establish market share advantages; establish a brand image and lay an advantage for entering the consumer goods market.

Elastic's consumption is related to downstream industries and the global economy. Since there will always be some uncertainty in the global economy in the next few years, the growth rate of the Elastic industry may not remain so fast. But what is certain is that the market for Elastic is still full of hope.

This report is a detailed and comprehensive analysis for global Elastic market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Elastic market size and forecasts, in consumption value ($ Million), sales quantity (M Meters), and average selling prices (US$/Meter), 2020-2031

Global Elastic market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Meters), and average selling prices (US$/Meter), 2020-2031

Global Elastic market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Meters), and average selling prices (US$/Meter), 2020-2031

Global Elastic market shares of main players, shipments in revenue ($ Million), sales quantity (M Meters), and ASP (US$/Meter), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Elastic

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Elastic market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Stretchline, Taiwan Paiho, Fulflex, Asheboro Elastics Corp, Rimteks, Spica Group, Hung Hon(4k) Limited, Premco Global, SANKEI, Amanda Textile, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Elastic market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Woven
Knitted
Others

Market segment by Application
Apparel
Underwear
Others

Major players covered
Stretchline
Taiwan Paiho
Fulflex
Asheboro Elastics Corp
Rimteks
Spica Group
Hung Hon(4k) Limited
Premco Global
SANKEI
Amanda Textile
Best Pacific International
Jiaxing Huayan Elastic Manufacture
BOXER BRIEF

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Elastic product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Elastic, with price, sales quantity, revenue, and global market share of Elastic from 2020 to 2025.

Chapter 3, the Elastic competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Elastic breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Elastic market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Elastic.

Chapter 14 and 15, to describe Elastic sales channel, distributors, customers, research findings and conclusion.