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Textile Industry is anticipated to grow further up to USD 1.7 Trillion 2022.

  Textile Industry Data Book Covers Household Textile, Technical Textile and Fashion Textile Markets. The economic value generated by the  textile industry  was estimated at approximately USD 1.7 trillion in 2022. Textile Market Growth & Trends The global textile market size is anticipated to reach USD 1,420.3 billion by 2030, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The rising consumer awareness levels coupled with rapidly changing trends in the fashion industry are projected to drive market growth. The rise in the e-commerce platforms that support sales and distribution of different types of products manufactured by the textile industry is also expected to drive the demand for textile-related products, thereby augmenting the market growth. In addition, stringent regulations to ensure labor or worker safety in various application industries are propelling the demand for Personal Protective Equipment (...

Textile Industry Forecast To Grow USD 1.7 Trillion 2022

  Textile Industry Data Book Covers Household Textile, Technical Textile and Fashion Textile Markets. The economic value generated by the  textile industry  was estimated at approximately USD 1.7 trillion in 2022. Textile Market Report Highlights The global textile market size was valued at USD 1,695.14 billion in 2022, and it is anticipated to reach USD 1,420.3 billion by 2030, registering a CAGR of 7.8% CAGR (2022-2030). In 2021, the fashion application segment accounted for the maximum revenue share and is likely to ascend at a significant CAGR during the forecast period Rapidly changing fashion trends coupled with the demand for high-quality apparel in sports activities is likely to boost the segment growth In 2021, Asia Pacific emerged as the largest regional market owing to the presence of large raw material-producing countries, such as China, India, Australia, and Japan In North America, the revenue for the natural fibers product segment stood at USD 54.8 billion i...