The Global Textile Market Report by The Business Research Company covers textile market drivers and restraints, textile market size, major players, and the impact of COVID-19 on the textile market.

The textile market consists of sales of textiles by entities (organizations, sole traders and partnerships) that produce fiber, yarn, threads, carpets, rugs, linens and other textile products. The textile market is segmented into other textile product mills, fabrics, yarn, fiber and thread, home furnishings and floor coverings, and textile and fabric finishing and fabric coating mills.

Growth Of E-commerce – Increasing demand for online shopping is expected to drive the textile manufacturing market.

The global textile market is expected to grow from $594.1 billion in 2020 to $654.7 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 $821.7 billion in 2025 at a CAGR of 6%.

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Some textile market trends include advancements in wireless technologies and rising demand for connectivity. Smart textiles are fabrics capable of interacting with their environment. They have the ability to react to physical stimuli such as thermal, mechanical, electrical and chemical sources. Sensors, actuators and fabrics are the major components of smart textiles. The materials used in smart textiles include optical fibers, metals and conductive polymers. They are widely used in fashion, entertainment, medical, transportation, sports and fitness and military.

Global textile market segments include:

1) By Type: Other Textile Product Mills, Fabrics, Yarn, Fiber And Thread, Home Furnishings And Floor Coverings, Textile And Fabric Finishing And Fabric Coating Mills.

2) By Material: Cotton, Jute, Silk, Synthetics, Wool.

3) By Process: Woven, Non-Woven.

Sub segments 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.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Textile Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:

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The Textile Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides textile market overviews, analyzes and forecasts market size, share, textile market players, textile market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The textile market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Textile Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Toray Industries Inc, Mohawk Industries, Indorama Corporation Pte Ltd, Beaulieu International Group, Weiqiao Textile Company Limited.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Textile Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Textile Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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