The Business Research Company’s latest report Textile Global Market Report 2020 covers Textile market drivers, Textile market trends, Textile market segments, Textile market growth rate, Textile market major players, and Textile market size. The report provides in-depth analysis of the impact of COVID-19 on the Textile industry, along with revised market numbers due to the effects of the coronavirus.
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Textile Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global textile market is expected to decline from $673.9 billion in 2019 to $655.2 billion in 2020 at a compound annual growth rate (CAGR) of -2.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $795.4 billion in 2023.
The report covers the Textile market’s segments-
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.
Subsegments covered: Broad woven 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.
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