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HomeBusinessNearly $550 Billion growth expected in Global Textile Market

Nearly $550 Billion growth expected in Global Textile Market

17 April 2021: Textile market is expected to grow by USD 549.87 billion during 2021-2025, according to Technavio. With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases.

Global Medical Textiles Market – Global medical textiles market is segmented by application (surgical, healthcare and hygiene products, and extracorporeal), product (woven medical textiles, non-woven medical textiles and knitted textiles) and geography (APAC, Europe, MEA, North America and South America).

Global Digital Textile Printing Market – Global digital textile printing market is segmented by Type (Disperse and sublimation inks, Reactive ink, Acid ink, and Pigment ink), Geography (Europe, APAC, North America, MEA, and South America), and Application (Textiles and clothing, Soft signage, Home textiles, and Others).

Major Three Textile Market Participants:
# Arvind Ltd.
The company offers denim, wovens, knits, among others.
# Asahi Kasei Corp.
The company offers textile under various brands such as Bemberg, ROICA and A-Cubic.
# Beaulieu International Group NV
The company offers technical textiles.

The textile market is driven by Increasing demand for natural fibers. In addition, the growing construction activities are expected to trigger the textile market toward witnessing a CAGR of over 5% during the forecast period.

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