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Umesh Y
Hey I am on Medial • 1y
The broader textile spectrum is experiencing amplified growth the world over. The sheer size of the industry is a case in point. The worldwide textile industry size was valued at USD 993.6 billion in 2021 and is tipped to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Mounting demand for contemporary apparel coupled with the emergence of e-commerce platforms is driving the market growth over the forecast period. The textile segment operates on three major principles – designing, production, and distribution of different raw materials, including yarn and clothing. A host of sub-processes spanning knitting, crocheting, weaving etc., are commissioned to produce a wide range of finished and semi-finished goods in the form of bedding, clothing, apparel, medical, and other accessories.
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