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

DUBLIN – (COMMERCIAL THREAD) – The report “Global Textile Market Size, Trends and Growth Opportunities, by Raw Material, by Product, by Application, by Region and Forecast to 2027” has been added to ResearchAndMarkets.com offer.

The global textile market was valued at USD 1,005.2 billion in 2020, which is expected to reach 1,522.3 billion by 2027 at a CAGR of 4.3% from 2020-2027.

Textile is defined as a type of material that includes natural or synthetic fibers. These are obtained in two ways, for example from animals, plants and synthesis. Plant-based materials include linen and cotton, and animal-based materials include wool / silk, and synthetic materials are mainly polyester and rayon.

Textiles are a major and important aspect of clothing production. Rising demand for garments from the fashion industry along with the growth of e-commerce platforms are expected to drive the growth of the global textile market during the forecast period.

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

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

The recent outbreak of the COVID-19 disease has acted as a drag on the global textile market. Global trade restrictions due to the disruption of the supply chain and lower consumption of textile products under the imposed foreclosure will negatively impact the global textile market throughout the forecast period.

Key questions addressed by the report

  • What are the key opportunities in the global textile market?

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

  • Which segment / region will experience the highest growth?

  • What are the factors that will impact / drive the market?

  • What is the competitive landscape in the industry?

  • What is the role of the key players in the value chain?

Market segmentation

By raw material

  • Cotton

  • Chemical

  • Wool

  • Silk

  • Others

By product

  • Natural fibers

  • Polyesters

  • Nylon

  • Others

By application

  • Housework

  • Technical

  • Trendy clothing

  • Others

By region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

Companies mentioned

  • Toray Industries Inc.

  • PVH Corp.

  • Hyosung TNC Corp.

  • Aditya Birla Nuvo Ltd

  • Texhong Textile Group Ltd.

  • Chori Co. Ltd

  • Nisshinbo Holdings Inc.

  • Far East New Century Corp

  • Industria de Diseno Textil SA (Inditex SA)

  • British Columbia Society

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

About William G. Patrick

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