Textile Market Research Report

 

Global Textile Market

The GMI Research forecasts that the textile market is witnessing an upsurge in demand during the forecast period starting from 2020 till 2027. This is maissssnly due to the increasing demand for apparel and natural fibers such as cotton products, wool, silk, and jute in emerging countries.

The textile industry is the industry responsible for taking raw material and spinning it into the yarn used to create a fabric. The textile industry includes design, research, manufacturing, and distribution of textiles, development, fabrics, and clothing.

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The major factor contributing to the growth of the global textile market include the rising demand for apparel, particularly in developing economies such as India, China, Mexico, and Bangladesh. Moreover, growing disposable income and rapid urbanization have increased the number of supermarkets and retail stores, thus boosting the overall market growth. Textile is a flexible material that is formed using various processes, including weaving, knitting, crocheting, or felting. These materials are widely used to manufacture a broad range of finished goods, such as kitchen, upholstery, transportation, construction, bedding, medical, protective equipment, handbags, apparel, and clothing accessories. The technological innovations in terms of developing new upholstery products developed from coated fabrics and spider silk are projected to create various new opportunities in the market over the upcoming years.

The growing popularity of sophisticated gadgets with different technologically advanced functions such as sensing and reacting to surroundings is enhancing the demand for smart textiles in the upcoming years. The accelerated demand for natural fibers such as silk, cotton products, wool, and jute will further bolster the growth of the textile market. An increase in the disposable income level of the people leads to support their spending capabilities for choosing branded clothing in the retail outlets, supermarkets, etc. On the other hand, high costs regarding the raw material and toxic waste from the production facility will hinder the growth of the textile market.

Key Players of the Global Textile Market:

·        Kimberley Clark Corporation

·        Lenzing

·        Ontex

·        Polymer Group Inc

·        Precot

·        Meridian

·        Berry Global Group

·        DuPont

·        Paramount Textile Limited

·        Shandong Jining Ruyi Woolen Textile Co., Ltd

·        Aditya Birla Ltd.

Market Segmentation:

Global Textile Market Report Segment by Application:

·        Commercial

·        Non-Commercial 

Global Textile Market Report Segment by End-Use:

·        Cotton

·        Wool

·        Silk

·        Synthetic

·        Others 

Global Textile Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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