2021 Textile Market Industry Outlook, Growth And Trends
Posted by srikanth on January 15th, 2021
The Textile Global Market Report 2020-30 by The Business Research Company describes and explains the global Textile market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Textile Global Market Report 2021 covers Textile market drivers, Textile market trends, Textile market segments, Textile market growth rate, Textile market major players, and Textile market size.
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The Textile market report provides an in-depth analysis of the impact of COVID-19 on the global Textile industry, along with revised market numbers due to the effects of the coronavirus and the expected Textile market growth numbers 2021-2030.
Textile Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global textile market is expected to grow from 4.1 billion in 2020 to 4.7 billion in 2021 at a compound annual growth rate (CAGR) of 10.%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach 1.7 billion in 2025 at a CAGR of 6%.
The report covers the Textile market’s segments-
2) By Material: Cotton, Jute, Silk, Synthetics, Wool.
3) By Process: Woven, Non-Woven.
Subsegments Covered: Broadwoven Fabrics, Narrow Fabric Mills And Schiffli Machine Embroidery, Non-Woven Fabrics, Knitted Fabrics Home Furnishings, Floor Coverings, Textile And Fabric Finishing Mills, Fabric Coating Mills.
About The Business Research Company:
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Americas: +1 315 623 0293
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About the Authorsrikanth
Joined: December 17th, 2019
Articles Posted: 492
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