Get the Trends of Global Hair Wigs and Extension Market 2019-2023

A wig is a head covering that resembles natural hair and accentuates a person’s appearance. Wigs may be produced from human or synthetic hair. Hair extensions are the length of artificial hair that can be attached to natural hair to create a long hairstyle. 
Hair Wigs and Extension Market  

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Several vendors in the global hair wigs and extension market are shifting their production facilities to countries such as Bangladesh and Vietnam owing to rising labor costs and constraints in sourcing and procuring the raw materials in key manufacturing countries such as China and India. These emerging countries offer huge market growth potential due to the availability of cheap labor and greenfield resources. 

Manufacturers such as Artnature and Evergreen Products Group have phased the shift of their production base to Cambodia and Bangladesh, respectively, in recent years. Further, Evergreen Products Group has been steadily shifting its production facilities in China and Hong Kong to Bangladesh since 2009 due to comparatively lower cost of labor. 

Thus, the shift in production to emerging countries is expected to boost the growth of the global hair wigs and extension market size at a CAGR of 9.84% during the forecast period.

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