Press release
Asia-Pacific Textile Market Size, Industry Share, Growth & Forecast To 2020-2026
Asia-Pacific textile market is estimated to witness a significant CAGR during the forecast period (2020-2026). Higher economic growth and a rise in per capita income will lead to the growth in the textile market in Asia-Pacific. Asian countries have over the years strengthened the region’s dominance in the textiles trade at the expense of reduced share of western nations across all categories. The key driver of this shift is the lower cost of production in Asian countries. T&A exports from African countries have also grown in recent years, however, it is low in value terms.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/asia-pacific-textile-market
The growth in the disposable income of the middle and lower-middle-class sections of the society has led to the continuous growth of demand for textiles in developing countries such as China and India. India is a cost-competitive manufacturing base for all types of products across the textile value chain. The lending rates in India are on the higher side as compared to China and Vietnam; however, with special government support available for the sector, the effective cost of capital becomes comparable. Buyers are focusing on India as next to China, as it possesses a large local market, political stability, and better compliance. Labor cost in Asia is also much cheaper than in other regions and playing an imperative role in the increased growth of the textile industry in the region.
A Full Report of Asia-Pacific Textile Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-textile-market
Market Coverage
The market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- by Material and Application
Countries Covered- China, India, Japan, ASEAN, South Korea and Rest of Asia-Pacific
Competitive Landscape- HuaFang Group, Jiangsu Hengli Chemical Fiber Co., Ltd., Raymond Group, Ruby Mills Ltd., Shandong Demian Incorporated Company, Shandong Ruyi Technology Group Co., Shenzhou International Group Holdings Ltd., and Toray Industries, Inc.,
Key questions addressed by the report
What is the market growth rate?
Which segment/region dominates the market in the base year?
Which segment/region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Asia-Pacific Textile Market Report Segment
By Material
Cotton
Jute
Silk
Synthetic
Wool
Others
By Application
Fashion and Clothing
Industrial/Technical
Household
Asia-Pacific Textile Market Report Segment
China
Japan
India
ASEAN
South Korea
Rest of Asia-Pacific
Company Profiles
Aditya Birla Group
Arvind, Ltd.
BSL, Ltd.
Chori Co., Ltd.
HuaFang Group
Jiangsu Hengli Chemical Fiber Co., Ltd.
Paramount Textile, Ltd.
Raymond Group
Reliance Industries, Ltd.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/asia-pacific-textile-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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