According to the latest IMARC Group report, entitled âTextile Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026Â», The global textile market showed moderate growth during the period 2015-2020. Textile refers to fabric materials that are made using the process of weaving, crochet, binding, knitting and braiding yarns and threads. Textile is typically made from natural and synthetic fibers, including cotton, silk, polyester, rayon, and spandex. It is also used in the production of clothing, accessories, bags and blankets.
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The world market is mainly driven by the significant growth of the textile industry. Along with this, the growing brand awareness among the masses has led to a widespread preference for big fashion brands, which acts as a major growth factor. In addition, the proliferation of organized online and offline channels and the widespread popularity of social media platforms across the world are also creating positive prospects for the market. Other factors contributing to the growth of the market include the inflation of disposable income of individuals, the growing popularity of fast fashion, and the increasing investments by public and private companies in restructuring the manufacturing process of textiles in order to improve the productivity. Looking ahead, IMARC Group expects the market to grow at a CAGR of 4.4% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
Competitive landscape with key players:
- Aditya Birla Ltd.
- Arvind Limited
- Asahi Kasei Company
- BSL Limited
- China Petroleum & Chemical Corporation
- DuPont de Nemours Inc.
- Honeywell International Inc.
- INVISTA (Koch Industries Inc.)
- Paramount Textile Mills (P) Ltd
- Solvay and Toray Industries Inc.
Breakdown by raw material:
- Oldest boy
Breakdown by product:
- Natural fibers
Breakdown by application:
- Fashion and Clothing
Breakdown by region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
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Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Market trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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