DUBLIN – (COMMERCIAL THREAD) – “India Textile and Apparel Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026” report has been added to ResearchAndMarkets.com offer.
The Indian textile and clothing market reached a value of US $ 133 billion in 2020. In the future, the publisher expects the Indian textile and clothing market to grow at a CAGR of 13.80% during 2021-2026.
Textile is a term widely used to refer to fabrics, yarns and fibers made from jute, polyester, cotton, wool, etc. In India, the textile and clothing industry is one of the oldest industries which has seen many developments over the years. The modern textile industry, however, gained recognition in the early 19th century with the establishment of the first textile factory in Calcutta. Today, the textile and clothing market has become a major contributor to the Indian economy. This can be attributed to the abundant availability of raw materials used for the manufacture of clothing such as cotton, silk, wool, etc. private investments in the Indian textile and clothing industry.
Alok Industries Limited
Garden Silk Mills Limited
Drivers of the Indian textile and clothing market:
India is the largest producer of jute and cotton, and the second largest producer of silk. Due to the great abundance of raw materials coupled with cheap labor costs, the cost of manufacturing textiles and clothing is significantly lower than that of many other competing countries.
India currently has one of the largest youth populations in the world. Currently, around half of the total population is under 25. This age group represents one of the largest consumer groups for textiles and clothing and is expected to drive spending over the next five years.
Catalyzed by the increasing penetration of the Internet, online retailing has experienced strong growth in the country. Consumers are now looking for ease of purchase, multiple options, better deals, and easy return policies. The growth in online sales has enabled the textile industry to reach consumers residing in all corners of the country.
Due to a change in shopping habits, consumers are now shifting from needs-based clothing to aspirational-based clothing. Unlike in previous years, when Indian consumers bought fashion items as and when they needed, clothing purchasing has become more than a basic need; it is now a reflection of aspiration, personality and a status symbol. Although basic textiles continue to represent a part of the consumer basket, the demand for ambitious clothing has increased significantly in recent years.
Key questions addressed in this report:
How has the Indian textile and clothing market performed so far and how will it perform in the years to come?
What are the key states of the Indian textile and clothing market?
What has been the impact of COVID-19 on the Indian textile and clothing market?
What types of products are popular in the Indian textile and clothing market?
What are the different application segments in the Indian textile and clothing market?
What are the main raw materials of the Indian textile and clothing market?
What are the different stages of the Indian textile and clothing market value chain?
What are the main driving factors and challenges for the Indian textile and clothing market?
What is the structure of the Indian textile and clothing market and who are the main players?
How competitive is India’s textile and clothing market?
Main topics covered:
2 Scope and methodology
3 Executive summary
4.2 Key Industry Trends
5 Global textiles and clothing market
5.1 Market overview
5.2 Market performance
5.3 Market breakdown by product type
5.4 Market Split by Application
5.5 Market breakdown by raw material
5.6 Market breakdown by region
5.7 Market Forecast
6 Indian textiles and clothing market
6.1 Market overview
6.2 Market performance
6.3 Impact of COVID-19
6.4 Price trends
6.4.1 Key price indicators
6.4.2 Current and historical price trends
6.5 Market breakdown by state
6.6 Market breakdown by raw material
6.7 Market breakdown by product type
6.8 Market Split by Application
6.9 Market Forecast
6.10 SWOT analysis
6.11 Value chain analysis
6.12 Porter’s five forces analysis
6.13 Government initiatives
6.14 Main success and risk factors
7 Market breakdown by state
8 Market breakdown by raw material
9 Market breakdown by application
10 Market breakdown by product type
11 Competitive landscape
11.1 Market structure
11.2 Key players
12 Manufacturing process of textiles and clothing
12.1 Product overview
12.2 Detailed process flow
12.3 Different types of unit operations involved
12.4 Raw material requirements
13 Profile of key players
For more information on this report, visit https://www.researchandmarkets.com/r/hhijwn