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NEW YORK , June 20, 2022 /PRNewswire/ -- The Textile Market size is expected to grow by US 549.87 billion at a CAGR of 5.1% as per the latest market report by Technavio. 75% of the market's growth will originate from APAC during the forecast period. China , India , and Pakistan are the key markets for the market in APAC. Market growth in this region will be faster than the growth of the market in regions.
The presence of a large consumer base and the easy availability of raw materials and labor at a low cost will facilitate the market growth in APAC over the forecast period.
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Read the 120-page report with TOC on "Textile Market Analysis Report by Product (natural fibers, polyesters, nylon, and others), Application (fashion, technical, household, and others), and Geography (APAC, North America , Europe , South America , MEA, APAC, North America , Europe , South America , and MEA), and the Segment Forecasts,2021-2025".
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The growth of the global textile market share is mostly due to the rising demand for natural fibers. Another factor boosting the rise of the global textile market share is technological advancements in the textile sector. However, a significant driver driving the global textiles market share rise over the projection period will be the shifting price of crude oil.
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Textile Market Product Outlook (Revenue, USD bn, 2021-2025)
Textile Market Application Outlook (Revenue, USD bn, 2021-2025)
Textile Market Geography Outlook (Revenue, USD bn, 2021-2025)
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Accelerate at a CAGR of 5.1%
APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA
China, India, US, Brazil, Pakistan, and Germany
Leading companies, Competitive strategies, Consumer engagement scope
Arvind Ltd., Asahi Kasei Corp., Beaulieu International Group NV, Far Eastern New Century Corp., Grasim Industries Ltd., Lu Thai Textile Co. Ltd., Sutlej Textiles and Industries Ltd., Toray Industries Inc., Toyobo Co. Ltd., and Vardhman Group
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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