Textile Global Market Report 2022-2030: Rise in eCommerce, Environmental Concerns & Large Skilled and Unskilled Workforce Driving Growth – ResearchAndMarkets.com

Textile Global Market Report 2022-2030: Rise in eCommerce, Environmental Concerns & Large Skilled and Unskilled Workforce Driving Growth – ResearchAndMarkets.com
CANNANNEW REPORT

DUBLIN–(BUSINESS WIRE)–The “Textile Market Size, Share & Trends Analysis Report by Raw Material (Cotton, Wool, Silk, Chemical), by Product (Natural Fibers, Nylon), by Application (Technical, Fashion), by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering. The global textile market size is anticipated to reach USD 1,420.3 billion by 2030, registering a CAGR of 4.0% over the forecast period. 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. Textile Market Report Highlights In 2021, the fashion application segment accounted for the maximum revenue share and is…

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Source : Textile Global Market Report 2022-2030: Rise in eCommerce, Environmental Concerns & Large Skilled and Unskilled Workforce Driving Growth – ResearchAndMarkets.com

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