Socks Market To Witness A Significant Growth Of USD 73.7 Billion By 2030
San Francisco, 30 Jan 2023: The Report Socks Market Size, Share & Trends Analysis Report By Material (Polyester, Cotton, Wool, Nylon), By Style (Knee-high, Ankle-length, Low-cut), By Product (Plain-, Rib-knitted), By Region, And Segment Forecasts, 2022 - 2030 The global socks market size is expected to reach USD 73.7 billion by 2030, registering a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing necessity of multiple footwear by urban customers is working as a major factor boosting the market growth. Furthermore, the increasing trend of athletic shoes due to celebrity endorsements by top brands is driving the market growth. An increase in the number of working individuals, along with the rising adoption of the formal business environment, signifies one of the key factors anticipated to create ample growth opportunities for the market over the forecast period. The COVID-19 pandemic has had a negative impact on the market.