Dec 29, 2021   SOURCE: BusinessWire

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

The "Global Textile Market Size, Trends & Growth Opportunity, By Raw Material, By Product, By Application, By Region and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Textile Market was valued at USD 1005.2 billion in 2020 which expected to reach 1522.3 billion by 2027 at a CAGR 4.3% from 2020-2027.

Textile is a defined as a type of material which embraces natural or synthetic fibers. These are obtained in two ways such as from animals, plants & synthetic. Plant based materials entails linen & cotton, and animal-based material includes wool/silk, and synthetic material is majorly polyester & rayon.

Textile are a major & important aspect of the production of clothing. The increase in demand for apparel from fashion industry along with the growth of e-commerce platforms is anticipated to drive the growth of global textile market over the forecast period.

The textile industry works on 3 main principles, namely designing, production, and distribution of different flexible materials like yarn and clothing. A wide array of processes like knitting, crocheting, weaving, and others are used to manufacture a wide range of finished and semi-finished goods in bedding, apparel, clothing, medical, and other accessories.

The increase in preference towards sustainable products is forcing major textile companies to focus on restructuring their business & investing in manufacturing practices that target sustainable products. For instance, DuPont's plant-based faux fur for performance fashion apparel & Eastman's usage of discarded carpet into new material is anticipated to open new industry avenues during the forecast period.

The recent outbreak of COVID-19 disease has acted as a restraint to the global textile market. Global trade restrictions owing to disrupted supply chain & decline in textile product consumption amid imposed lockdown will negatively impact the global textile market throughout the forecast period.

Key Questions Addressed by the Report

  • What are the Key Opportunities in Global Textile Market?
  • What will be the growth rate from 2020 to 2027?
  • Which segment/region will have 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 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

  • Household
  • Technical
  • Fashion & Clothing
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & 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 Eastern New Century Corp
  • Industria de Diseno Textil SA (Inditex SA)
  • B.C. Corporation

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