#Textiles & Apparel / Garment
Global textile market (2021 to 2027) - by raw material, product, application and region - ResearchAndMarkets.com
The Global Textile Market was valued at USD 1005.2 billion in 2020 which expected to reach 1522.3 billion by 2027 at a CAGR 4.3% from 2020-2027. 
Textile is a defined as a type of material which embraces natural or synthetic fibers. These are obtained in two ways such as from animals, plants & synthetic. Plant based materials entails linen & cotton, and animal-based material includes wool/silk, and synthetic material is majorly polyester & rayon. 
Textile are a major & important aspect of the production of clothing. The increase in demand for apparel from fashion industry along with the growth of e-commerce platforms is anticipated to drive the growth of global textile market over the forecast period. 
The textile industry works on 3 main principles, namely designing, production, and distribution of different flexible materials like yarn and clothing. A wide array of processes like knitting, crocheting, weaving, and others are used to manufacture a wide range of finished and semi-finished goods in bedding, apparel, clothing, medical, and other accessories. 
The increase in preference towards sustainable products is forcing major textile companies to focus on restructuring their business & investing in manufacturing practices that target sustainable products. For instance, DuPont's plant-based faux fur for performance fashion apparel & Eastman's usage of discarded carpet into new material is anticipated to open new industry avenues during the forecast period. 
The recent outbreak of COVID-19 disease has acted as a restraint to the global textile market. Global trade restrictions owing to disrupted supply chain & decline in textile product consumption amid imposed lockdown will negatively impact the global textile market throughout the forecast period. 
Key Questions Addressed by the Report 
 • What are the Key Opportunities in Global Textile Market? 
 • What will be the growth rate from 2020 to 2027? 
 • Which segment/region will have highest growth? 
 • What are the factors that will impact/drive the Market? 
 • What is the competitive Landscape in the Industry? 
 • What is the role of key players in the value chain? 
Market Segmentation 
By Raw Material 
 • Cotton 
 • Chemical 
 • Wool 
 • Silk 
 • Others 
By Product 
 • Natural fibers 
 • Polyesters 
 • Nylon 
 • Others 
By Application 
 • Household 
 • Technical 
 • Fashion & Clothing 
 • Others 
By Region 
 • North America 
 • Latin America 
 • Europe 
 • Asia Pacific 
 • Middle East & Africa 
Companies Mentioned 
 • Toray Industries Inc. 
 • PVH Corp. 
 • Hyosung TNC Corp. 
 • Aditya Birla Nuvo Ltd 
 • Texhong Textile Group Ltd. 
 • Chori Co. Ltd 
 • Nisshinbo Holdings Inc. 
 • Far Eastern New Century Corp 
 • Industria de Diseno Textil SA (Inditex SA) 
 • B.C. Corporation 
For more information about this report visit
 https://www.researchandmarkets.com/r/pz4hb6 
















