Global Hook and Loop Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Hook and Loop Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Hook and Loop are usually composed of two fabrics, one surface covered with a ring structure and the other surface covered with a hook structure. When the two fabrics are pressed tightly, the hooks are combined with the loops to form a temporarily secured state. If you want to separate the two, just force them apart. Most Hook and Loop are made out of nylon, but there are several different monofilament materials such as polyester and polypropylene that are also used. Hook and loop products are a substitute to conventional attachment methods. These products consist of hooks and loops which can be closed and opened frequently for repeated closure.

Market Overview:

The latest research study on the global Hook and Loop market finds that the global Hook and Loop market reached a value of USD 2451.37 million in 2023. It’s expected that the market will achieve USD 3269.29 million by 2029, exhibiting a CAGR of 4.92% during the forecast period.

Increasing demand for applications in the medical field

Hook and loop fasteners have grown in popularity within the medical field because they are soft, flexible, and gentle on cables and tubes, which will increase the growth of the Hook and Loop market.

In the medical field, where the pace can be frenetic, it's important to have equipment that's flexible and adjustable. The possible applications of Hook &Loop Technology hook and loop systems are diverse in medicine. The spectrum ranges from the manufacture of bandages and prostheses to the production of medical instruments and use in wheelchairs. Secure hold and reliably high quality are some of the advantages. For example, Hook and loop straps can be custom-manufactured to meet unique size and shape requirements. They come in a wide variety of colors, sizes, strengths, and materials to suit different applications in healthcare facilities. Besides, Flexible braces worn by athletes as support and stability devices are typically secured with a hook and loop. These medical device fasteners ensure that medical braces fit well and retain their lightweight and durable qualities. Moreover, in orthopedics, there are these of uses for hook-and-loop tapes: orthopedic braces, collars, equipment, and all types of medical gear. The peel-and-stick products are used to keep patient charts and medical devices in place, while Hook and Loop can be used to secure tubing. Benefits of using hooks and loop fasteners in the medical industry include advanced device management, increased stability, and treatment & monitoring outcomes, which will boost the growth of the Hook and Loop market.

Region Overview:

In 2022, the share of the Hook and Loop market in North America stood at 17.39%.

Company Overview:

Velcro is one of the major players operating in the Hook and Loop market, holding a share of 19.45%
in 2023.

Segmentation Overview:

Among different product types, Nylon Velcro segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Footwear & Apparel segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hook and Loop market covered in Chapter 3:

Magic Fastners
Gottlieb Binder GmbH & Co. KG
Jianli Velcro Belt Co., Ltd.
Paiho
3M
Krahnen & Gobbers GmbH
HALCO
APLIX
Zhejiang Heyi Weaving Co., Ltd.
Others
Lovetex Industrial Corp.
Velcro
Kuraray
Essentra plc
Dunlap Industries, Inc.
YKK
Tesa SE

In Chapter 4 and Chapter 14.2, on the basis of types, the Hook and Loop market from 2019 to 2030 is primarily split into:

Nylon Velcro
Polyester Velcro
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hook and Loop market from 2019 to 2030 covers:

Footwear & Apparel
Transportation
Industrial Manufacturing
Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)