The Business Research Company published its Textile Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Textile market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
The report covers the textile market’s segments-
1) By Type: Other Textile Product Mills, Fabrics, Yarn, Fiber And Thread, Home Furnishings And Floor Coverings, Textile and Fabric Finishing and Fabric Coating Mills
2) By Material: Cotton, Jute, Silk, Synthetics, Wool
3) By Process: Woven, Non-woven.
Sub segments covered: Broad woven Fabrics, Narrow Fabric Mills and Schiffli Machine Embroidery, Non-Woven Fabrics, Knitted Fabrics, Home Furnishings, Floor Coverings, Textile and Fabric Finishing Mills, Fabric Coating Mills.
View Complete Report: https://www.thebusinessresearchcompany.com/report/textile-global-market-report-2020-30-covid-19-impact-and-recovery
Textile Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global textile market is expected to decline from $673.9 billion in 2019 to $655.2 billion in 2020 at a compound annual growth rate of -2.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $795.4 billion in 2023.
Advancements in wireless technologies and rising demand for connectivity is driving the demand for smart textiles. Smart textiles are fabrics capable of interacting with their environment. They have the ability to react to physical stimuli such as thermal, mechanical, electrical and chemical sources. Sensors, actuators and fabrics are the major components of smart textiles. The materials used in smart textiles include optical fibers, metals and conductive polymers. They are widely used in fashion, entertainment, medical, transportation, sports and fitness and the military.
Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Textile Market Characteristics
4. Textile Market Product Analysis
5. Textile Market Supply Chain
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21. Key Mergers And Acquisitions In The Textile Market
22. Market Background: Paper, Plastics, Rubber, Wood And Textile Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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Few Points From List Of Table
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Textile Market, 2019, By Region, Value ($ Billion)
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Table 122: Global Textile Market In 2023- Growth Countries
Table 123: Global Textile Market In 2023- Growth Segments
Table 124: Global Textile Market In 2023- Growth Strategies
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