Almost $ 550 billion in expected growth in the global textile market with Arvind Ltd., Asahi Kasei Corp., Beaulieu International Group NV
Businesses will go through the response, recovery and renewal phases.
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The textile market will experience a negative impact during the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s pandemic-focused market research, the market growth is expected to increase in 2021 compared to 2020.
With the continued spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recession curves by taking advantage of technology. Many businesses will go through phases of response, recovery and renewal. Building business resilience and agility will help organizations move forward from the COVID-19 crisis to the next normal.
This post-pandemic business planning research will help customers:
- Adjust their strategic planning to move forward once the stability of the business is in place.
- Build resilience by make efficient resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key considerations for market forecast:
- Impact of bottlenecks, supply chain disruptions, destruction of demand and changing customer behavior
- Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
- Market estimates before and after COVID-19
- Quarterly impact analysis and update of market estimates
Related report on consumer discretionary:
Global medical textiles market – The global medical textiles market is segmented by application (surgical, health and hygiene, and extracorporeal products), by product (woven medical textiles, nonwoven medical textiles, and knitted textiles) and by geography (APAC, Europe, AEM, North America, and South America).
Global Digital Textile Printing Market – The global digital textile printing market is segmented by type (dispersion and sublimation inks, reactive ink, acid ink and pigment ink), geography (Europe, APAC, North America, MEA and South America) and Application (Textiles and clothing, Flexible signage, Home textiles and others).
The three main players in the textile market:
The company offers denim, woven, knitwear, among others.
Asahi Kasei Corp.
The company offers textiles under various brands such as Bemberg, ROICA and A-Cubic.
Beaulieu International Group SA
The company offers technical textiles.
If you purchase an updated report within the next 60 days, we’ll send you the new edition and the data extract for FREE! Sample report with detailed analysis of market share of market players during COVID-19 lockdown
Textile market 2021-2025: Segmentation
The textile market is segmented as follows:
- Natural fibers
- North America
- South America
The textile market is driven by the growing demand for natural fibers. In addition, increasing construction activity is expected to trigger the textile market towards a CAGR of over 5% during the forecast period.
More information on global trends impacting the future of the textile market
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- Covered suppliers
- Supplier ranking
- Positioning of sellers in the market
- Competitive scenario
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