Global Textile Market projected to reach at USD 1.23 trillion by 2025
25-apr-2019 The global textile market expanding at a CAGR of 4.24%, according to a new report. Population growth, rising disposable income levels, and rapid urbanization in developing countries like China, India, and Mexico are likely to boost the product demand. Moreover, increasing number of supermarkets and retail outlets in these countries is expected to drive the demand further. Growing importance of Environment, Health and Safety (EHS) systems in manufacturing sector owing to stringent regulations aimed at safety of workers in offshore industries like oil & gas is projected to boost the demand for Personal Protective Equipment (PPE). Moreover, development of technical textiles that are offer protection against high temperatures, electric arc flash discharge, molten metal impact, and acid environment is estimated to fuel the textilemarket growth. Therefore, growing personal protective equipment market is expected to drive the demand for textile products over the projected ...