Outlook promising at the least:It should come as no surprise for those of you who have been following this blog and keeping up with other news in the industry that we're only on the tippy-toe (see what I did there) top of the iceburg when it comes to footwear sustainability. The latest projections are in and they are looking as good as gold if not better (depending on how gold is performing or underperforming and how much you have).
As you can clearly see in the chart below, there is an ongoing ever-present demand for inner-shoe fabric linings (socks) in local markets and markets worldwide. Market Revenues are projected to increase and an appreciation for sockwear is growing daily every day thanks to new advancements in distribution such as Sock Of The Month Club and others just like it but with different variations.
This helpful data chart shows statistical analysis of ongoing sock projections.
Source: Socks Market Transparency Market Research In-Depth Analysis Accurate Results
A side note about sizing:
Back in the day there used to be not nearly as many sizes as there are in this day and age. With changes in shoes that we've all seen coming, there has been a need to adjust the sock within along with these changes. This greatly contributes to the overall demand for various sock textile manufacturing facilities across the globe from the very small to the very tall. This chart is not 100% completely accurate as there is even socks that are just on the bottom of the sole of the foot and now some that are just for the front of the foot to protect the toes from sweating proficiently in half-shoe styles. Side note: there is still some debate in the community as to whether leggings that do not connect in the groinage area are considered socks as they connect in the middle there, but nonetheless, the demand is there when you include those too.
Well for starters hold on to your horses those of you that are in the biz. The outlook looks pretty good if you ask me and Martin and our team of staff.