Global Elastic Market Growth 2025-2031

Global Elastic Market Growth 2025-2031

The global Elastic market size is predicted to grow from US$ 1296 million in 2025 to US$ 1652 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Elastic Industry Forecast” looks at past sales and reviews total world Elastic sales in 2024, providing a comprehensive analysis by region and market sector of projected Elastic sales for 2025 through 2031. With Elastic sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elastic industry.

This Insight Report provides a comprehensive analysis of the global Elastic landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elastic portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elastic market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elastic and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elastic.

This report presents a comprehensive overview, market shares, and growth opportunities of Elastic market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Woven
Knitted
Others

Segmentation by Application:
Apparel
Underwear
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Elastic market?

What factors are driving Elastic market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Elastic market opportunities vary by end market size?

How does Elastic break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.