The global textile is estimated to record a substantial CAGR during the forecast period (2020-2026). The textile sector is remarkably diverse with an abundance of material available across the globe. Increasing population, disposable income, and urbanization in countries including China, India, Brazil, and Mexico, among more have given rise to the growth rate of the overall textile industry.

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The global textile industry is labor-intensive and provides a plethora of jobs not just for skilled but unskilled labor in developed as well as developing nations. Job creation has played an important role in driving the industry, with prospects strong for women in small countries. Moreover, it is a vertical where modern technological advances have been witnessed not just in large economies, but in small countries as well, at comparatively low expenditures. These technological characteristics of the sector make it a suitable one for countries pushing industrialization.

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At the same time, large countries have witnessed significant transformations, as the textile industry has added a high-value segment where designs and R&D have been rather competitive factors. These advancements have pushed the industry towards substantial growth, in turn, intensifying the market value in recent years.

Market Coverage

The market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- by Material, Application
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Aditya Birla Group, Ralph Lauren Corp., Reliance Industries, Ltd., Shandong Weiqiao Pioneering Group Co., Ltd., and Toray Industries, Inc.

Key questions addressed by the report

What is the market growth rate?
Which segment/region dominates the market in the base year?
Which segment/region will project the fastest growth in the market?
How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected region/segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Textile Market Report Segment

By Material

Cotton
Jute
Silk
Synthetic
Wool
Others

By Application

Fashion and Clothing
Industrial/Technical
Household

Global Textile Market Report Segment

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
India
Japan
ASEAN
South Korea
Rest of Asia Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Aditya Birla Group
Arvind, Ltd.
BSL, Ltd.
Chori Co., Ltd.
Elevate Textiles, Inc. (International Textile Group)
Far Eastern New Century Corp.
Glen Raven, Inc.

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