Functional Apparel Market Expected to Reach US$ 596.4 Bn by 2026
According to a new market report published by Transparency Market Research titled “ Functional Apparel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, ” the global functional apparel market is expected to reach US$ 596.4 Bn by 2026, expanding at a CAGR of 6.0% from 2018 to 2026. Asia Pacific held the dominant share in the functional apparel market in 2017. All apparel is known to perform multiple functions – from aesthetics to basic protection from the elements. ‘Functional apparel’ can therefore be defined as a generic term that includes all types of apparel or assemblies that are specifically engineered to deliver a pre-defined performance or functionality to the user, over and above its normal functions. Functional apparel is defined as apparel specifically designed and engineered to ensure predefined performance requirements and functionality for the user. This includes protection under harsh environmental...