Global Textile Market (2021 to 2027) – By Raw Material, Product, Application, and Region – ResearchAndMarkets.com

DUBLIN – (BUSINESS WIRE)–The “Global Textile Market Size, Trends and Growth Opportunities by Raw Materials, by Product, by Application, by Region and Forecast to 2027” Report was added to ResearchAndMarkets.com to offer.

The global textile market was valued at $ 1005.2 billion in 2020, which is projected to reach $ 1,522.3 billion by 2027 at a CAGR of 4.3% from 2020 to 2027.

Textile is a type of material that includes natural or synthetic fibers. These are obtained in two ways, e.g. B. from animals, plants and synthetic. Vegetable materials include linen and cotton, animal materials include wool / silk, and synthetic material is mainly polyester and viscose.

Textiles are an important and important aspect in the manufacture of clothing. The increasing demand for clothing from the fashion industry along with the growth of e-commerce platforms is expected to drive the growth of the global textile market over the forecast period.

The textile industry operates on 3 main principles, namely the design, production and distribution of various flexible materials such as yarn and clothing. A wide range of processes such as knitting, crocheting, weaving, and others are used to make a wide range of finished and semi-finished goods in bedding, apparel, clothing, medical supplies, and other accessories.

The increasing preference for sustainable products is forcing large textile companies to focus on restructuring their business and investing in manufacturing processes that target sustainable products. For example, DuPont’s plant-based faux fur for performance fashion apparel and Eastman’s use of discarded carpet in new material are expected to open new avenues in the industry over the forecast period.

The recent outbreak of COVID-19 disease has slowed the global textile market. Global trade restrictions due to an interrupted supply chain and a decrease in the consumption of textile products during the imposed lockdown will have a negative impact on the global textile market throughout the forecast period.

Key issues of the report

  • What are the most important opportunities in the global textile market?

  • What will the growth rate be from 2020 to 2027?

  • Which segment / region will show the highest growth?

  • What factors will influence / drive the market?

  • What is the competitive landscape like in the industry?

  • What role do key actors play in the value chain?

Market segmentation

According to raw materials

  • cotton

  • Chemically

  • Wool

  • Silk

  • Other

By product

  • Natural fibers

  • polyester

  • nylon

  • Other

After application

  • household

  • Technically

  • Fashion clothing

  • Other

By region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East & Africa

Mentioned companies

  • Toray Industries Inc.

  • PVH Corp.

  • Hyosung TNC Corp.

  • Aditya Birla Nuvo Ltd

  • Texhong Textile Group Ltd.

  • Chori Co. Ltd

  • Nisshinbo Holdings Inc.

  • Far Eastern New Century Corp.

  • Industria de Diseno Textil SA (Inditex SA)

  • BC Corporation

For more information on this report, see https://www.researchandmarkets.com/r/pz4hb6


Source link

Comments are closed.