The global sales of braille clothing tags are estimated to be worth USD 64.1 million in 2021 and are anticipated to reach a value of USD 122 million by 2031. Sales are projected to rise at a CAGR of 6.7% over the forecast period between 2021 and 2031. The revenue generated by braille clothing tags in 2020 was USD 60 million.
The increasing concerns among the individuals towards their appearance have led to the rise in demand for the product.
The braille clothing tags market is on the rise with growing demand for inclusive fashion and accessibility. Brands look at diversity, and the adoption of braille tags expands their product range to visually impaired customers and caters to more significant shares of customers. Additionally, regulatory support and growing awareness about the needs of differently-abled people draw attention toward the integration of braille into cloth labels.
These include instructions in product development through sustainable materials and smart technologies such as RFID to enhance functionality and aesthetic appeal in the market.
Global Braille Clothing Tags Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 60 million |
| Estimated Size, 2021 | USD 64.1 million |
| Projected Size, 2031 | USD 122 million |
| Value-based CAGR (2021 to 2031) | 6.7% |
The market is driven by the increasing sensitivity of people towards visually impaired people to provide them with a better lifestyle. As these tags number and imbedded information will help blind people for easy colour coordination and after use information of the cloths.
However, the restraint of this product is as may cause skin irritation which has limited its application. But the material is expected to overcome the restraint in the forthcoming years.
Because the increased acceptance rate for preserving precision while creating any clothes has resulted in more investment in research and development, braille clothing tags sales are projected to skyrocket in the clothing and accessories industries.
Demand would undoubtedly increase if expected development in end-use industries occurred, resulting in rapid penetration. The market is expected to open up significant potential opportunities as a result of the aspects listed above.
In the latest report by FMI, on” Braille Clothing Tags Market” includes North America, Latin America, Europe, East Asia, South Asia and the Middle East and Africa.
South Asia is the prominent region in the industry owing to the fact it is having the largest number of people who are blind which approximately accounts for 53.2% of the world visually impaired people. This has provided a huge opportunity for the market. India is leading the region with 15 million people as blind.
The Middle East and Africa and Europe are following the growth trajectory same as of South Asia. These regions are expected to show moderate growth in the forthcoming period.
In support of the above statement, the overhead mentioned region have a well-established background in the textile and metallurgical industry. Due to this South Asia is creating a trend in the market by the development of various products.
Howbeit North America being the leading economy contributes a minor portion to the industry. Due to the rise of the manufacturing sector, the region appears to be modestly profitable.
The Middle East & Africa, on the other hand, holds the smallest share of braille clothing tags market and is predicted to expand at a moderate rate, registering a negligible worldwide revenue market share by the conclusion of the assessment period.
Metal tags are gaining popularity despite having one restraint. The advantage of a metal tag over a cloth tag is that cloth tags get cripple after few washes creating difficulty for the person to utilize them.
Metal tags can withstand harsh washing conditions as they are long-lasting and durable. Metal tags are mostly made up of aluminium so that they could resist harsh temperature conditions and do corrode easily.
The prominent market player of Braille Clothing Tags is
Market participants' ability to adapt to the changing nature of the cases material market is important to their long-term success. To realize the latent potential of custom development and ensure their clients' loyalty, manufacturers must go beyond their typical production capabilities.
Manufacturers are coming up with innovative ideas to expand their product portfolio which will attract a huge customer base and securing their market position. For this, they are turning towards organic and inorganic growth strategies such as a merger, acquisition, product launch, partnership etc.
Because of the specialized labour skills of the location manufacturing the goods, the majority of the product suppliers come from North America and Europe. Furthermore, economies of scale play a significant role in driving demand for braille clothing tags.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Braille Clothing Tags Market
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