Global Textile Market Trends And Strategies Of Major Players In The Textile Market 2021-2030
28 Apr, 2021
The textile market consists of sales of textiles by entities (organizations, sole traders and partnerships) that produce fiber, yarn, threads, carpets, rugs, linens and other textile products.
Global Textile Market Size And Drivers:
The global textile market is expected to grow from $594.1 billion in 2020 to $654.7 billion in 2021 at a compound annual growth rate (CAGR) of 10.%. The market is expected to reach $821.7 billion in 2025 at a CAGR of 6%.
Increasing demand for online shopping is expected to drive the textile manufacturing market. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically, driving the growth of the textile manufacturing market.
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Trends In The Global Textile Market
Advancements in wireless technologies and rising demand for connectivity is driving the demand for smart textiles. Smart textiles are fabrics capable of interacting with their environment. They have the ability to react to physical stimuli such as thermal, mechanical, electrical and chemical sources. Sensors, actuators and fabrics are the major components of smart textiles. The materials used in smart textiles include optical fibers, metals and conductive polymers. They are widely used in fashion, entertainment, medical, transportation, sports and fitness and military.
Global Textile Market Segments:
The global textile market is further segmented based on type, material, process and geography.
By Type: Other Textile Product Mills, Fabrics, Yarn, Fiber And Thread, Home Furnishings And Floor Coverings, Textile and Fabric Finishing and Fabric Coating Mills.
By Material: Cotton, Jute, Silk, Synthetics, Wool.
By Process: Woven, Non-Woven.
By Geography: The global textile market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global textile market, accounting for 51% of the market.
Read More On The Report For The Global Textile Market At:https://www.thebusinessresearchcompany.com/report/textile-global-market-report-2020-30-covid-19-impact-and-recovery
Textile Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides textile market overviews, analyzes and forecasts market size and growth for the global textile market, textile market share, textile market players, textile market segments and geographies, textile market’s leading competitors’ revenues, profiles and market shares. The textile market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.