Textile Market 2030: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on July 4th, 2023 San Francisco, 04 July 2023: The Report Textile Market Size, Share & Trends Analysis Report By Raw Material (Wool, Chemical, Silk), By Product (Natural Fibers, Polyester), By Application, By Region, And Segment Forecasts, 2023 - 2030 The global textile market size is anticipated to reach USD 3,047.24 billion by 2030, registering a CAGR of 7.6% 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 (PPE), which requires wool or treated cotton as a raw material. This, in turn, will boost the market further. In addition, technological advancements and the employment of a large number of skilled and unskilled labor involved in the product manufacturing from materials, such as natural fibers, polyesters, nylon, and others, are acting as a growth driving factor for the global market. Furthermore, the increasing concerns regarding the environment are also fueling the demand for sustainable and natural fibers, such as cotton, hemp, linen, silk, and others, which, in turn, is adding growth prospects to the overall market. The cotton raw material segment is expected to grow at a significant CAGR, in terms of volume, over the forecast period. This growth can be attributed to the high production and availability of cotton across various prominent regions including North America, Europe, and Asia Pacific. The ever-increasing apparel demand from the fashion industry, coupled with the meteoric growth of e-commerce platforms, is expected to drive market growth over the forecast period. The textile industry works on three major principles, namely the design, production, and distribution of different flexible materials such as yarn and clothing. A wide array of processes such as knitting, crocheting, weaving, and others are largely used to manufacture a wide range of finished and semi-finished goods in bedding, clothing, apparel, medical, and other accessories. The U.S. is anticipated to be the largest market in the North American region for textiles. It is one of the largest producers, raw cotton exporters, and top raw textile importers. Fashion is the largest application segment in the region, owing to the fast-changing fashionable trends and ease of adoption of the same due to the rapidly-emerging online fast fashion companies. Request sample report of Textile Market @https://www.grandviewresearch.com/industry-analysis/textile-market/request/rs1 Textile Market Report Highlights
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