The report covers the detailed analysis of the trends, future estimations, and a thorough study of the global baby diapers market on the basis of product type, size, age group and distribution channel. It analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities globally. Furthermore, the study highlights Porter’s five forces analysis to determine the factors affecting the market growth. These factors include raw material prices, intense competition, end users, manufacturers, and suppliers. To understand the market, drivers, restraints, and opportunities are explained in the report. Furthermore, it includes revenue generated by the baby diapers market from the sales of diapers across North America, Europe, Asia-Pacific, and LAMEA.

The report covers the detailed analysis of the trends, future estimations, and a thorough study of the global face mask market on the basis of type, material, nature, and distribution channel. It analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities globally. Furthermore, the study highlights Porter’s five forces analysis to determine the factors affecting the market growth. These factors include raw material prices, intense competition, end users, manufacturers, and suppliers. To understand the market, drivers, restraints, and opportunities are explained in the report. Furthermore, it includes the revenue generated from the sales of face mask across North America, Europe, Asia-Pacific, and LAMEA.

Football sportswear is clothing, including footwear, worn for sport or physical exercise. Football sport footwear and apparel is worn for football sports, for practical, comfort or safety reasons. Typically football sportswear includes track pants, shorts, shoes and shirts. Increasing participation in school and college sports and growing popularity of football are expected to drive the growth of the football sportswear market. Furthermore, rise in sportswomen is anticipated to favor the growth of the sportswear market.

Recycled textile is obtained through recycling and recovering of old clothing and waste fibrous materials through several treatments. Recyclable textiles are mostly found in municipal waste from sources such as old or discarded clothes, tires, footwear, carpets, furniture, and non-durable goods such as sheets and towels. The use of recycled textiles reduces pressure on virgin resources such as wool & cotton, pollution, and water & energy consumption. The low cost of recycled products in comparison to virgin products is also expected to boost the overall growth of the recycled textile market. However, increase in processing cost combined with low-quality job offerings hampers the recycled textile market growth. Meanwhile, the development in recycling technologies is anticipated to provide growth opportunities for the recycled textile industry.

Cooling fabrics can be made from both natural and synthetic materials. Cooling fabric is an innovative product that provides cooling, warmth, and a skin-like soft texture. Cooling fabrics provide convenience for customers by having a cooling effect as it helps to evaporate sweat and prevents the fabric from sticking to the body. Vital benefits of cooling fabrics include the circulation of moisture and controlled evaporation. These fabrics are distinct from other textiles used for thermoregulation.

3 月和 4 月多家港/A 股公司披露业绩，多数重点公司恢复情况良好，业 绩超预期，2021 年基本面景气度进一步提高。“原地过年”压抑的消费需 求有望释放，看好五一劳动节前效应，助推板块基本面进一步强化。消 费者对国产品牌好感度提升，进一步加强品牌力突出的国货发展机遇。 当前板块绩优公司估值具有较好的配置价值，我们港股重点推荐申洲国 际、安踏体育、李宁，A 股重点推荐开润股份、森马服饰、稳健医疗。

纺织服装行业广阔、稳定且分散，全球装鞋规模1.4 万亿美元，10 年CAGR 2%。全球市值前20 的54 家纺织服装企业市值CAGR 在10.4%，欧美日各有代表性龙头，中国企业崭露头角。投资表现优越的公司众多，可分为超长期稳定回报、中长期持续成长、中短期景气爆发三类，分别对应的是20 年年化收益率高于15%且亏损概率低、10 年年化收益率高于20%且亏损概率较低、3 年年化收益率高于50%且亏损概率相对可控。

在业绩复苏、低估值、国产替代契机出现背景下，品牌服饰投资机会涌现。 20Q1 年品牌服饰受疫情影响业绩承压、20Q2 以来业绩逐季修复且修复力 度不断加大，但与国际服装龙头、其他消费行业龙头以及品牌服饰板块历史 相比，整体估值仍处于相对较低水平。近期在新疆棉事件推动下，国货消费 热情显著提升，有望驱动国产替代趋势加速及国产服饰品牌崛起，将对板块 估值提升形成催化。看好品牌服饰龙头公司在业绩复苏、低估值、迎国产替代契机三大因素叠加 下的投资机会。

1）国产品牌迎来“立新”大机遇，强品牌企业率先受益；2）纺织工业把握“内循环”和“走出去”大机遇， 研发与效率是制胜关键；3）风险提示：1、宏观经济波动、疫情反复、消费需求显著下降；2、贸易摩擦加剧、行业竞 争激烈；3、系统性风险；4）投资建议：把握优质国产品牌投资机遇，关注优势制造企业“错杀”机会。随着短期事件 催化和长期中国消费者民族自信心的提升，国产鞋服品牌迎来良好的发展机遇。