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 (...