European Textile Market Size, Industry Trends, Growth and Forecast to 2020-2026

European textile is estimated to record a healthy CAGR during the forecast period (2020-2026). Rising disposable income and changing consumers’ shopping behavior, rise in Demand for Organic Textiles and Fabrics, healthy international trades, and extensive research and innovation are some of the crucial factors contributing to the growth of the textile industry in the region.

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With non-essential businesses remaining closed for most of March, April, and May, clothing and apparel retail stores recorded high losses in sales impacting the overall European textile industry negatively. Financial results published by renowned fashion brands such as the Spanish Inditex Group, the Swedish H&M, and the British retailer Next, laid bare the enormity of the pandemic’s impact. On top of that, the dependency of European clothing retailers on global suppliers meant that many companies had to cancel, reduce, or even fail to complete already-placed orders.

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The coronavirus toll on the European textile industry was felt most acutely in manufacturing and retail sales. In the clothing sector, production regressed sharply in the period between January and April 2020. For the textile sector, the production decline was not as dramatic, but still at critical levels. It was not until May that the retail trade of apparel, textiles, and footwear experienced a turnaround in Europe, as governments gradually lifted lockdown measures and business continued at a pace that resembled the normal known prior to the coronavirus outbreak.

Market Coverage

The market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- by Material and Application
Countries Covered- UK, Germany, Italy, Spain, France, and Rest of Europe
Competitive Landscape- River Island, Salvatore Ferragamo S.P.A., Solvay S.A., Successori REDA SpA, and Tavelmo (The Movelta Group)

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 fastest growth in the market?
How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from 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?

Europe Textile Market Report Segment

By Material

Cotton
Jute
Silk
Synthetic
Wool
Others

By Application

Fashion and Clothing
Industrial/Technical
Household

Europe Textile Market Report Segment

UK
Germany
Italy
Spain
France
Rest of Europe

Company Profiles

Aditya Birla Group
Koch Industries, Inc.
Koninklijke Ten Cate B.V.
POLLACK
Ralph Lauren Corp.
Reliance Industries, Ltd.
River Island
Salvatore Ferragamo S.P.A.
Solvay S.A.

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