Global Textile Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Textile Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global textile market report has been segmented on the basis of raw material, product, application, and region.

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Global Textile Market: Overview

Textile is a flexible material formed consisting artificial or natural fibers. These yarns are produced by spinning raw fibers including wool, cotton, and other materials. Textiles are formed through knitting, weaving, crocheting, and knotting or tatting.

Global Textile Market: Dynamics

Increasing demand for fashion clothing and apparels globally acting as a major driving factor for growth of the target market. In addition, mass production of climate-specific apparels or clothing, coupled with an increasing number of supermarkets and retail outlets are expected to support the revenue growth of the target market.

Increasing awareness regarding use of personal protective equipment coupled with stringent regulations of government authorities regarding the health and safety are projected to augment the target market growth.

The recent trend observed in the target market is manufacturers are focusing for technological advancements in textiles in terms of design, usability, texture, durability, and other aspects, which is projected to augment the global market growth over the forecast period. In addition, introduction to smart textile products in electrics industry that are capable of sensing and reacting to environmental conditions is a factor expected to trigger growth of the global market.

However, the fluctuating raw material cost may hamper growth of the global market.

Global Textile Market: Segmental Analysis

Among the raw material segments, the cotton segment is expected to account for significant revenue shares in the global market, owing to its various properties including breathability, absorbency, and strength.

Among the product segments, the natural fiber segment is projected to register substantial growth.

Among the application segments, the fashion & clothing segment is anticipated to contribute significant revenues shares, owing to continuous innovations in the fashion industry.

Global Textile Market: Regional Analysis

Asia Pacific market for textile is expected to dominate the target market in terms of revenue, which is attributable to the strong base of manufacturing units. In addition, positive outlook towards apparel & garments in India and China are expected to support the revenue growth of the target market in this region. Increasing disposable income, improved standard of living, along with growing e-commerce portals is expected to increase various apparels and other textile products including home furnishings. This is another factor anticipated to propel the target market growth.

North America Market is projected to account for significant shares, owing to the presence of premium apparel companies. In addition, an the inclination towards premium apparels along with Initiatives by various companies to develop superior sports apparel are some major factors anticipated to support growth of the target market in this region. Markets in Europe, Latin America, and Middle East & Africa are expected to register substantial growth during the forecast period.

Global Textile Market Segmentation:

Segmentation by Raw Material:

Cotton
Wool
Chemical
Silk

 Segmentation by Product:

Polyesters
Natural Fibers
Nylon

Segmentation by Application:

Fashion & Clothing
Technical
Household