Global Plastic Clothes Hangers
Market Report
2024
The Global Plastic Clothes Hangers market size will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Plastic Clothes Hangers market size will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Plastic Clothes Hangers Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
Market Split by Price Point |
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Market Split by Application |
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Market Split by Distribution Channel |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Plastic Clothes Hangers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Consumers are becoming increasingly drawn to retail markets in current years. Changes in income format, changing lifestyles, and methodical retail, bolstered in particular by increasing incomes and extending purchasing power among customers in rapidly expanding sectors of the economy, such as communication technology and business process outsourcing, are just a few of the important factors driving plastic clothes hanger growth in the retail industry. Large-format retail businesses dominate the retail environment in terms of categories, range, retail space, brands, and volumes. Moreover, the increasing growth of the clothing industry due to an expansion in promotional activities such as deals, marketing and advertising on social, buy one gets one free, and print media and others are propelling the growth of the market.
For instance, in August 2019, Bombay Dyeing declared the opening of 100 recent franchise stores to drive the expansion and growth of its business.
Intelligence hanger creations are a unique alternative for drying clothes designed using creative and beautiful approaches. The electrical product assumes the unusual features of low-cost power costs, a practical workstation, and efficient clothes drying. Traditional hangers are usually utilized for hanging and drying clothes, but intelligent clothing hangers operate in rain and sunlight. Intelligent clothing hangers utilize light and raindrop sensors to differentiate between sunny and rainy days. These sensors can save the garments from rain and keep the clothes aerated while the sun shines.
For instance, in April 2019, INA made a mark with intelligent hanger systems. The firm, which specializes in intelligent material handling systems, also offers box storage, MES and intelligent transport, as well as sorting systems that allow manufacturers to enhance their production processes.
(Source:futuretextilemachines.com/ina-makes-a-mark-with-intelligent-hanger-systems/)
Key players in the plastic clothes hangers market have embraced numerous strategies to navigate challenges and seize opportunities. Many businesses extended their product offerings to include not only standard plastic hangers but also sustainable options like recycled plastic or biodegradable hangers to cater to environmentally intended customers. Some essential players extended their market reach by joining unexplored regions or maintaining their distribution networks to reach a wider customer base. To meet the specific requirements of various retailers and brands, manufacturers presented customization options in terms of hangers to remain competitive in the market.
For instance, in April 20023, Fold-N-Pack, Inc., a leader in traveling invention and convenience, introduced its proprietary and one-of-a-kind invention, the Fold-N-Pack Smart Hanger. This time-saving travel supplement that allows packing and unpacking garments easily while decreasing wrinkles is prepared to pack clothes into luggage while maintaining them perfectly folded and with decreased wrinkles.
The fashion business is a constantly changing, ever-evolving beast that is fuelled by the newest directions, technology, and ideas. The advancement of e-commerce has led to a transformation in customer behavior, with more individuals buying clothing online. This trend diminishes the requirement for plastic hangers, as garments bought online typically come with hangers, if any, for presentation purposes only. E-commerce platforms constantly prioritize sustainability and eco-friendly packaging, encouraging alternatives to traditional plastic hangers. This stimulates customers to opt for greener options like wooden, metal, or recycled hangers over plastic ones, aligning with their eco-conscious significance.
The plastic clothes hangers market witnessed a mixed effect from the COVID-19 pandemic. In the early stages, lockdowns and decreased shopping directed to a reduction in demand as retail stores closed. However, the surge in e-commerce and home community during lockdowns partially offset this downfall, as plastic hangers are important for closet organization. Supply chain disruptions and environmental problems over plastic waste further affected the market.
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The major players are embarking on mergers and acquisitions as one of their prominent strategies to achieve consolidation and optimize their offerings. Advanced distribution channels and manufacturing expertise give an upper edge to the manufacturers to enhance their range of products across the plastic clothes hangers market.
In November 2021, MAINETTI, a global retail solutions provider, announced a collaboration with UBQ Materials Ltd. to establish a new benchmark for product innovation and sustainability in the fashion sector. The cooperation will use UBQ's proprietary thermoplastic to manufacture sustainable items for retailers globally utilizing climate-positive raw materials. This collaboration allows the firm to expand its product line, innovate, and develop.
(Source:www.mainetti.com/news/mainetti-group-announces-partnership-with-ubq/)
Top Companies Market Share in Plastic Clothes Hangers Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Asia-Pacific dominated the market in 2023 and accounted for more than 35% of the global revenue over the forecast period due to increasing market inventions and technological advances. The rise in the production capability of manufacturers and leading industrial players in the region will show growing market demand for the product, thus improving the revenues and profits for investors and producers worldwide. Countries in this region show a substantial market share in this region.
North America is the fastest-growing category over the forecast period, owing to the existence of multiple clothing retailers, department stores, and supermarkets, forming a consistent demand for plastic hangers for communicating and organizing garments. Additionally, the favor of e-commerce and online fashion retail in this region further fuels the requirement for plastic hangers, as they are commonly utilized for packaging and shipping clothes.
The current report Scope analyzes Plastic Clothes Hangers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Plastic Clothes Hangers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Plastic Clothes Hangers Industry growth. Plastic Clothes Hangers market has been segmented with the help of its Price Point, Application Distribution Channel, and others. Plastic Clothes Hangers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The premium category held the major market share over the forecast period. Premium plastic hangers feature improved durability, aesthetics, and creative features like space-saving designs, non-slip surfaces, and superior materials. These hangers cater to a more perceptive consumer base, including luxury retailers and customers who desire advanced closet organization solutions.
According to Cognitive Market Research, economics is the fastest-growing category. Their low production expenses translate to competitive pricing, making plastic hangers a budget-friendly option for individuals and commercial users alike. This cost-effectiveness facilitates consumers to buy plastic hangers in bulk for the home community, while retailers and clothing stores can keep their profit margins by keeping costs low. The affordability of plastic hangers is a key factor that provides their widespread adoption and sustained demand in the market.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Plastic Clothes Hangers Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the personal use category held the major market share. Customers purchase plastic hangers for their cupboards and wardrobes to maintain their garments. The main driver is affordability, as plastic hangers are cost-effective and widely available. They are lightweight, durable, and come in different designs, making them a favored choice for personal usage.
The commercial use is the second-most category over the forecast period. Retailers, clothing stores, and dry cleaners lean heavily on plastic hangers for their cost-effectiveness and usefulness. They buy plastic hangers in bulk amounts to display and store garments efficiently. The lightweight and stackable qualities of plastic hangers enable easy handling and hold in commercial settings. Plastic hangers are customizable for branding objectives, making them a favored choice for commercial organizations seeking to improve their brand identity.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The online category held the major market share over the forecast period. With the rising prevalence of e-commerce platforms, customers and companies can conveniently access and buy plastic hangers online. The online channel presents a wide variety of hanger options, including bulk orders and specialty techniques, catering to diverse consumer requirements. It delivers a cost-effective and efficient way for retailers, clothing stores, and customers to source plastic hangers, often with competitive pricing and fast delivery.
According to Cognitive Market Research, offline is the fastest-growing category, as businesses in the fashion industry often depend on offline channels to procure hangers in bulk amounts for in-store displays and storage. The widespread existence of physical stores and their constant demand for plastic hangers contribute immensely to the market's growth, emphasizing the continuing significance of traditional retail channels.
The residential category held the major market share over the forecast period. Plastic hangers are a staple for people and families in managing their wardrobes and closets. They deliver affordability, durability, and versatility, making them the best choice for personal use. As people continually seek practical solutions for their home organization requirements, the residential segment drives consistent demand for plastic hangers.
According to Cognitive Market Research, commercial is the fastest-growing category. Plastic hangers can be customized for branding objectives, making them a preferred choice for companies seeking to enhance their brand identity via consistent and recognizable hanger techniques. This consistent demand from the commercial sector supports the plastic clothes hangers market.
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Plastic Clothes Hangers Market is witnessing significant growth in the near future.
In 2023, the Premium segment accounted for noticeable share of global Plastic Clothes Hangers Market and is projected to experience significant growth in the near future.
The Personal Use segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Aoyite , Ai Suo and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Price Point | Premium, Economical |
Application | Personal Use , Commercial Use |
Distribution Channel | Online, Offline |
End User | Commercial, Residential |
List of Competitors | Aoyite, Ushin Houseware, Ai Suo, Hotata, Jerian Hangers, Others, Confidential Data, Access The Paid Version, Data Hidden |
This chapter will help you gain GLOBAL Market Analysis of Plastic Clothes Hangers. Further deep in this chapter, you will be able to review Global Plastic Clothes Hangers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Price Point Analysis 2019 -2031, will provide market size split by Price Point. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Price Point Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 13 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Plastic Clothes Hangers market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Premium have a significant impact on Plastic Clothes Hangers market? |
What are the key factors affecting the Premium and Economical of Plastic Clothes Hangers Market? |
What is the CAGR/Growth Rate of Personal Use during the forecast period? |
By type, which segment accounted for largest share of the global Plastic Clothes Hangers Market? |
Which region is expected to dominate the global Plastic Clothes Hangers Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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