Lucintel Forecasts the Global Textile Market to Reach $2.5 billion by 2030
Lucintel Forecasts the Global Textile Market to Reach $2.5 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global textile market looks promising with opportunities in the household, technical, and fashion & clothing markets. The global textile market is expected to reach an estimated $2.5 billion by 2030 from $1.6 billion in 2024 at a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are rising demand for clothing from the fashion sector and the explosive expansion of e-commerce sites, growing population and disposable income, increasing consumer inclination to purchase sustainable goods, as well as, creation of novel upholstery goods.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in textile market to 2030 by raw-material (cotton, chemical, wool, silk, and others), product (natural fibers, polyesters, nylon, and others), application (household, technical, fashion & clothing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that natural fibers will remain the largest segment over the forecast period due to extensive use in the fashion and clothing sectors for a variety of uses, the growing concerns about the environment, combined with an ongoing shift by consumers towards using sustainably produced products.
Download sample by clicking on textile market
APAC is expected to witness highest growth over the forecast period due to growing the amount of clothing and garment goods sold, as well as, large number of consumers in developing economies that purchase apparel and related accessories on e-commerce platforms.
BSL, INVISTA, Lu Thai Textile, Paramount Textile, Paulo de Oliveira, Successori REDA, Shijiazhuang Changshan Textile, Weiqiao Textile Company, DBL, and B.D. Textile Mills are the major suppliers in the textile market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cast visit Lucintel’sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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