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karls scott @go_65e6e7b4cc973
Textiles Industry Data Book - Household Textile, Technical Textile and Fashion Textile Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

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The economic value generated by the textiles industry was estimated at approximately USD 1.6 trillion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing, distribution & supply, and application of textiles.

Rising disposable income, urbanization, and population growth in emerging markets including China, India, and Mexico are expected to play an important role in propelling the textile market growth. In addition, increasing penetration of retail outlets and supermarkets in the abovementioned countries is expected to ensure access to clothing products for the customers. The abovementioned trend is expected to play a key role in increasing the demand for textiles over the forecast period.

The demand for textile is concurrently to the production output of countries and their population & per capita usage. As such, China and India, home to nearly 2.8 billion people, collectively accounted for over 65% of the global textile production revenue in 2022.

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6 months ago

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