Global Textile Market Size & Share Report, 2021-2028
Textiles Market The Textile Market was estimated around USD 957.3 billion in 2020 and is expected to reach USD 1,350.9 billion by the end of 2028, expanding at a CAGR of 4.4% during the forecast period (2021-2028). The factors driving the growth of Textile Market includes expansion of the e-commerce industry, rise in the construction of bridges, buildings, and roads, increasing use of natural fibers in the manufacturing of garments and apparels and growing adoption of technical textiles in the farming activities around the world. According to the report published by Statista, the Global Apparel Market was estimated around USD 1.5 trillion in 2021, and is predicted to reach USD 2 trillion by the end of 2026, which will boost the Global Textile Market in the approaching years. Moreover, the trending concept of smart textiles, innovations in the tech-infused wears, increasing application of textiles in the transportation and medical sector and rise in Free Trade Agreements (FTA) ac...