Press release
Textile And Apparel Industry to See Incredible Growth During 2024 - 2031 | BSL Limited, Lu Thai Textile Co., Ltd.
Textile And Apparel Industry
Global textile and apparel market is estimated to be valued at USD 2,783.62 Bn in 2024 and is expected to reach USD 3,687.78 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Market Dynamics:
Textiles and apparel industry worldwide has witnessed robust growth over the past few years attributed to increased consumer spending on fashionable clothing and demand for technical textiles from various end-use industries like automotive, healthcare, etc. The growth is further propelled by rising population, improving economic conditions, and changing consumer preferences towards trendy apparel. Additionally, the growing application of technical textiles in healthcare sector has opened up new avenues of growth for the market. Developments in material science have led to production of new fabrics with innovative properties like moisture-wicking, anti-bacterial, UV-protection, etc. catering to specific application needs.
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The Environment is a Major Restraining Factor on the Textile and Apparel Market
Rising Environmental Concerns Hamper Sustainability of Conventional Textile Production Processes
Textile dyeing andfabric treatment involve heavy use of water, chemicals, and other raw materials that pollute the environment if not managed properly. Most textile mills discharge untreated wastewater directly into water bodies, contaminating soil and aquatic ecosystems. Similarly, conventional cotton and synthetic fiber cultivation depletes freshwater resources through irrigation and relies on pesticides hazardous to the biosphere. Greenhouse gas emissions from energy-intensive manufacturing processes also contribute to global warming. These practices have increasingly come under scrutiny by regulators and socially conscious consumers advocating for cleaner production techniques. Many textile companies now face difficulties in obtaining environment permits and community support for new facilities using traditional methods. The urgent need to adopt greener operations presents a constraint slowing the unfettered growth potential of this industry.
Abundant Opportunities Exist in Developing Eco-Friendly and Value-Added Textile Products
Harnessing Technology and Innovation to Build Sustainable Businesses
The textile industry's environmental impact provides a huge market opening for eco-innovation. Companies investing in clean production methods can tap the growing demand for apparel and home textiles made from naturally grown or recyclable materials. Some are producing fibers from agricultural byproducts like pineapple leaves and sugarcane waste that require less natural resources. Others developed zero-liquid discharge plants using membrane technology to treat wastewater for reuse. Supply chains are also moving towards transparency through blockchain to assure ethical and sustainable sourcing. With climate change at the fore, governments offer subsidies for ventures commercializing novel technologies for wastewater treatment, synthetic fiber synthesis from CO2, and more. There exists a valuable opportunity space today for businesses adopting cutting-edge sustainability solutions across the textile value chain. Those making the shift stand to attract premium pricing and ensure long term relevance in the evolving marketplace.
Emerging Trends Point to Personalization and Digital Intervention in Textile Shopping
3D Printing and Mass Customization Transforming Bespoke Manufacturing
Digital printing and additive manufacturing technologies now provide an alternative to traditional batch production of standardized apparel. Using 3D body scanners and pattern-matching algorithms, garment specifications tailored to an individual's measurements can be designed virtually and programmed into multi-axis printers. This facilitates on-demand, made-to-measure clothing which significantly reduces fabric wastage. Similarly, additive looms are weaving personalized textiles varying
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Top Companies Featured in This Report:
โ BSL Limited
โ Lu Thai Textile Co., Ltd.,
โ Paramount Textile Limited
โ Paulo de Oliveira
โ S.A.
โ Successori REDA S.p.A.
โ Shijiazhuang Changshan Textile Co.
โ Ltd
โ Solvay S.A.
โ JCT Limited
โ The Bombay Dyeing & Mfg. Co.
โ Ltd
โ Raymond
โ DBL Group
โ IBENA Inc.
โ Adamjee Textiles
โ Heytex
โ TIROTEX
โ Fratelli Balli S.p.A.
โ Lakhmi Woollen Mills
โ Australian Textile Mills
โ Mayur Fabrics
โ Helm Textile Mills
Market Segmentation:
By Product Type:
โ By Material Type: Natural (Cotton, Silk, Others (Wool, etc.)), Synthetic (Nylon, Polyester, Others (Blended Fibers, etc.))
By Applications:
โ By Application: Retail Store, Clothing Textiles, Technical Textiles, Fashion Textiles, Home-Dรฉcor Textiles, Others (Sports Textile, Industrial Textile, etc.)
Key Regions/Countries Classified as Follows:
ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Textile And Apparel Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Textile And Apparel market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Textile And Apparel market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Textile And Apparel market.
Segment Analysis: Examining the market value and sales volume of Textile And Apparel by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Textile And Apparel market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Textile And Apparel sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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