Major Regions on Hook and Loop Market include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
1 Global Hook and Loop Market Size by Region (US$ Million): 2018 VS 2023 VS 2030
The global Hook and Loop market has shown significant growth across all regions from 2018 to 2023, with projections indicating further expansion by 2030.
The market size in North America increased from $374.76 million in 2018 to $423.41 million in 2023, and is expected to reach $587.34 million by 2030.
Europe’s market grew from $645.60 million in 2018 to $709.68 million in 2023, with a projected increase to $880.82 million by 2030.
The Asia Pacific region saw a substantial rise from $1,033.11 million in 2018 to $1,152.03 million in 2023, and is forecasted to expand to $1,660.70 million by 2030.
Latin America’s market size grew from $111.90 million in 2018 to $125.49 million in 2023, with an estimated increase to $176.68 million by 2030.
The market in the Middle East & Africa region increased from $46.38 million in 2018 to $49.89 million in 2023, and is projected to reach $64.59 million by 2030.
The total market size for all regions was $2,211.75 million in 2018, grew to $2,460.50 million in 2023, and is expected to reach $3,370.13 million by 2030.
The market is anticipated to continue its upward trajectory, driven by technological advancements and increasing applications across various industries.
Table Global Hook and Loop Market Size by Region (US$ Million): 2018 VS 2023 VS 2030
| 2018 | 2023 | 2030 |
North America | 374.76 | 423.41 | 587.34 |
Europe | 645.60 | 709.68 | 880.82 |
Asia Pacific | 1033.11 | 1152.03 | 1660.70 |
Latin America | 111.90 | 125.49 | 176.68 |
Middle East & Africa | 46.38 | 49.89 | 64.59 |
Total | 2211.75 | 2460.50 | 3370.13 |
2 Global Hook and Loop Market Size Market Share by Region (US$ Million): 2018 VS 2023 VS 2030
In 2018, North America held a market share of 16.94%. Europe had a significant share at 29.19%. The Asia Pacific region dominated the market with a substantial 46.71%. Latin America accounted for 5.06% of the market. The Middle East & Africa had the smallest share at 2.10%.
Figure Global Hook and Loop Market Size Market Share by Region in 2018
In 2023, North America’s market share increased slightly to 17.21%. Europe’s share decreased to 28.84%. The Asia Pacific region’s share slightly increased and remained the largest at 46.82%. Latin America’s share increased to 5.10%. The Middle East & Africa’s share decreased to 2.03%.
Figure Global Hook and Loop Market Size Market Share by Region in 2023
In 2030, North America’s market share is projected to increase to 17.43%. Europe’s share is expected to decrease further to 26.14%. The Asia Pacific region is projected to continue its dominance, with a slight increase to 49.28%. Latin America’s share is expected to increase to 5.24%. The Middle East & Africa’s share is projected to be the smallest at 1.92%.
Figure Global Hook and Loop Market Size Market Share by Region in 2030
While the Asia Pacific region is expected to maintain its leading position, North America and Latin America are also expected to grow their presence in the Hook and Loop market. Europe’s share, however, is projected to decline over the forecast period. While maintaining the smallest share, the Middle East & Africa region is also expected to decrease slightly.
3 Global Hook and Loop Market Sales in Volume by Region
The global Hook and Loop market has demonstrated a robust growth trajectory from 2018 to 2023. In North America, sales have seen a notable increase, starting at 31,178 thousand square meters in 2018 and reaching 38,198 thousand square meters by 2023. Europe has also experienced growth, with sales rising from 55,378 thousand square meters to 63,368 thousand square meters over the same period.
The Asia Pacific region has been a significant contributor to this growth, with sales skyrocketing from 162,395 thousand square meters in 2018 to 189,040 thousand square meters in 2023. Latin America’s market has shown fluctuations, with an initial decrease followed by a recovery, ending at 15,903 thousand square meters in 2023. The Middle East & Africa, while having a smaller share, has also seen a gradual increase in sales, from 6,931 thousand square meters in 2018 to 7,704 thousand square meters in 2023.
Collectively, the total global sales of Hook and Loop products have increased from 269,482 thousand square meters in 2018 to a substantial 314,213 thousand square meters in 2023. This overall growth underscores the expanding demand and market potential for Hook and Loop products worldwide, with the Asia Pacific region emerging as a dominant force in the market.
Table Global Hook and Loop Sales (K Sqm) in Volume by Region (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
North America | 31178 | 33678 | 32225 | 33286 | 36025 | 38198 |
Europe | 55378 | 58708 | 55216 | 57652 | 60232 | 63368 |
Asia Pacific | 162395 | 174443 | 153497 | 160028 | 174588 | 189040 |
Latin America | 13600 | 14663 | 13044 | 13518 | 14697 | 15903 |
Middle East & Africa | 6931 | 7329 | 6718 | 6884 | 7293 | 7704 |
Total | 269482 | 288821 | 260699 | 271369 | 292836 | 314213 |
4 North America Hook and Loop Market Sales in Volume by Country
United States sales have generally increased from 301,141 K Sqm in 2018 to 369,668 K Sqm in 2023, with a slight dip in 2020 to 311,194 K Sqm. The forecast for the United States is optimistic, with sales projected to rise to 455,221 K Sqm by 2030, after reaching 441,105 K Sqm in 2029.
Canada Sales have remained relatively stable with minor fluctuations, starting at 1,037 K Sqm in 2018 and reaching 1,230 K Sqm in 2023. The projected sales for Canada show a gradual increase, with an estimate of 1,472 K Sqm by 2030, after reaching 1,441 K Sqm in 2029.
Table North America Hook and Loop Sales (K Sqm) in Volume by Country (2018-2030)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
United States | 30141 | 32575 | 31194 | 32180 | 34853 | 36968 |
Canada | 1037 | 1103 | 1030 | 1106 | 1173 | 1230 |
Total | 31178 | 33678 | 32225 | 33286 | 36025 | 38198 |
| 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
United States | 38675 | 39786 | 41043 | 41826 | 42888 | 44105 | 45521 |
Canada | 1287 | 1329 | 1365 | 1377 | 1408 | 1441 | 1472 |
Total | 39962 | 41116 | 42409 | 43203 | 44296 | 45546 | 46993 |
5 Asia Pacific Hook and Loop Market Sales in Value by Country
China Sales value has fluctuated, starting at $314.83 million in 2018, decreasing to $282.19 million in 2020, and then increasing to $360.32 million in 2023. The forecast predicts a significant rise, reaching $543.67 million by 2030.
Figure China Hook and Loop Sales in Value Growth Rate (2018-2030) & (US$ Million)
Japan Sales value has shown a general decline from $204.20 million in 2018 to $219.90 million in 2023, with a slight increase in the last year.
Figure Japan Hook and Loop Sales in Value Growth Rate (2018-2030) & (US$ Million)
South Korea Sales have increased from $78.44 million in 2018 to $87.91 million in 2023, with a steady growth trend.
Figure South Korea Hook and Loop Sales in Value Growth Rate (2018-2030) & (US$ Million)
India Sales value has grown from $157.69 million in 2018 to $173.59 million in 2023, with a slight dip in 2020.
Figure India Hook and Loop Sales in Value Growth Rate (2018-2030) & (US$ Million)
Australia Sales have increased from $88.54 million in 2018 to $94.72 million in 2023, with a slight decrease in 2021.
Figure Australia Hook and Loop Sales in Value Growth Rate (2018-2030) & (US$ Million)
Indonesia Sales value has shown a gradual increase from $36.09 million in 2018 to $40.85 million in 2023.
Figure Indonesia Hook and Loop Sales in Value Growth Rate (2018-2030) & (US$ Million)
Thailand Sales have remained relatively stable, with a slight increase from $27.33 million in 2018 to $30.67 million in 2023.
Figure Thailand Hook and Loop Sales in Value Growth Rate (2018-2030) & (US$ Million)
Malaysia Sales value has shown a slight increase from $18.01 million in 2018 to $20.66 million in 2023.
Figure Malaysia Hook and Loop Sales in Value Growth Rate (2018-2030) & (US$ Million)
Overall, the Hook and Loop market in the Asia Pacific region is expected to experience growth, with China leading the way in terms of sales value and growth potential. Other countries like India, South Korea, and Australia also show positive growth trends.
6 Europe Hook and Loop Market Sales Volume by Country
The Hook and Loop market in Europe has shown a dynamic range of sales trends from 2018 to 2030, with each country exhibiting unique patterns of growth and fluctuation.
Germany has been a major contributor to the market, with sales showing a general upward trend, starting at 10,442 thousand square meters in 2018 and reaching 12,145 thousand square meters by 2023. This growth is expected to continue, with projections indicating a significant increase by 2030.
France, another key player in the European market, has also seen a steady increase in sales, from 8,162 thousand square meters in 2018 to 9,319 thousand square meters in 2023. The forecast for France suggests a continued growth trajectory, reflecting the country’s expanding demand for Hook and Loop products.
The United Kingdom’s market has experienced some fluctuations, with sales decreasing from 7,197 thousand square meters in 2018 to 8,103 thousand square meters in 2023. Despite these variations, the UK market is expected to stabilize and grow in the coming years.
Italy has shown a robust growth in sales, increasing from 12,493 thousand square meters in 2018 to 14,646 thousand square meters in 2023. This positive trend is anticipated to persist, with Italy playing a crucial role in the European Hook and Loop market.
Spain’s market has seen a more moderate growth, with sales rising from 5,184 thousand square meters in 2018 to 5,940 thousand square meters in 2023. The forecast for Spain indicates a gradual increase in sales, contributing to the overall growth of the European market.
The Rest of Europe has also contributed to the market’s expansion, with sales increasing from 11,900 thousand square meters in 2018 to 13,216 thousand square meters in 2023. The projected growth for the Rest of Europe suggests a continued upward trend, adding to the overall dynamism of the European Hook and Loop market.
Overall, the European Hook and Loop market is characterized by a mix of steady growth, fluctuations, and projected increases, with each country playing a distinct role in shaping the market’s future.
Table Europe Hook and Loop Sales (K Sqm) in Volume by Country (2018-2030)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Germany | 10442 | 11169 | 10448 | 10954 | 11470 | 12145 |
France | 8162 | 8647 | 8105 | 8460 | 8842 | 9319 |
UK | 7197 | 7596 | 7159 | 7448 | 7751 | 8103 |
Italy | 12493 | 13357 | 12424 | 13043 | 13761 | 14646 |
Spain | 5184 | 5483 | 5169 | 5392 | 5635 | 5940 |
Rest of Europe | 11900 | 12457 | 11910 | 12355 | 12773 | 13216 |
Total | 55378 | 58708 | 55216 | 57652 | 60232 | 63368 |
| 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
Germany | 12701 | 13164 | 13682 | 14170 | 14620 | 15052 | 15440 |
France | 9727 | 10076 | 10402 | 10736 | 11027 | 11365 | 11661 |
UK | 8408 | 8669 | 8961 | 9220 | 9447 | 9714 | 9926 |
Italy | 15344 | 15952 | 16601 | 17239 | 17830 | 18455 | 18967 |
Spain | 6206 | 6413 | 6627 | 6845 | 7043 | 7241 | 7420 |
Rest of Europe | 13658 | 14002 | 14375 | 14702 | 14998 | 15311 | 15552 |
Total | 66044 | 68277 | 70647 | 72911 | 74965 | 77138 | 78966 |
