– 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.
– Companies mentioned in the report include Bsl Limited, Invista S.R.L., Lu Thai Textile Co. Ltd., Paramount Textile Limited, Paulo De Oliveira, S.A., Successori Reda S.P.A., Shadong Jining Ruyi Woolen Textile Co. Ltd., Sinopec Yizheng Chemical Fibre Company Limited, China Textiles Ltd., Rhodia Sa, Li & Fung Group, Modern Woollens Ltd., Mayur Suitings, Jct Limited, Shijiazhuang Changshan Textile Co Ltd, Weiqiao Textile Co Ltd, Huafu Top Dyed Melange Yarn Co. Ltd., Dbl Group, B.D. Textile Mills Pvt. Ltd., Ibena Inc., Heytex Bramsche GmbH, Bahariye As, Fratelli Balli Spa, Ipekis Mensucat Türk A.S., Lakhmi Woollen Mills, Wilh. Wülfing GmbH & Co. Kg, Lanificio F.Lli Cerruti, O’formula Co. Ltd, Trabaldo Togna Spa, Xinhui Woollen Textile Co. Ltd, Yünsa Yünlü Sanayi Ve Ticaret A.S., Özlem Kumas, Ltd, Wuxi Xiexin Group Co. Ltd, The Bombay Dyeing & Mfg. Co. Ltd, Grasim Industries Limited, Fabindia Overseas Ltd., and Honeywell International Inc.
