Why is the Global Textile-Top Market Growing In 2023

Why is the Global Textile-Top Market Growing In 2023?

Global Textile, The expected amount of clothes consumed worldwide in 2021 is $1.5 trillion. Compared to 2020, the market rebounded by about 16%. It is anticipated to increase at a CAGR of 4% from 2019 until it reaches $2 trillion by 2025. The US had the largest apparel consumer market in 2021, with sales of $257 billion and a 5% CAGR. After the impact of COVID, the EU-27 saw a CAGR of 11% drop and reached $211 billion in 2021. Due to the pandemic, China, the third-biggest market in the world, only slightly increased from 2019. हालांकि, यह भविष्यवाणी की गई है कि चीन 11% (सभी बाजारों के बीच) के उच्चतम सीएजीआर के साथ विस्तार करेगा और 2025 तक दुनिया का सबसे बड़ा परिधान बाजार बन जाएगा, जिसकी कीमत 340 बिलियन डॉलर होगी। जापान, भारत, ब्राजील और कनाडा आगे महत्वपूर्ण बाजार हैं।According to the paper, Building a Roadmap for $ 250 Billion Sustainable Textile Industry, developing economies like China and India are expanding at rates that are far higher than those of developed nations उनके बढ़ते घरेलू बाजारों और बढ़ती प्रयोज्य आय के कारण। Together, these markets account for 59% of the global apparel...

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