The briefing examines how the textile and leather products industry performs globally and in the largest countries in terms of textile and leather products output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries globally
This report comes in PPT.
Rising consumer environmental concerns and expanding middle class will continue pushing for more sustainable solutions in textile manufacturing. Recycling of used textile products, innovative production processes and alternative fibres will play a vital role.
While technological advancements have long been eyed by textile manufacturers as a way to cut costs, the push for sustainability and rising additional benefits for consumers will add extra incentives to seek latest innovations. Employment of AI to design and customise apparel, 3D printing and sustainable man-made fibres are among the key industry-changing innovations.
While textile companies have been relocating their factories out of China for quite some time now, driven out by rising labour costs and intensifying trade tensions with Western partners, COVID-19-caused supply disruptions fuelled the reshoring process further. Brands seek to produce closer to their end-consumers, especially as expanding online shopping amplifies the need for swift and timely logistics.
Online shopping became a necessity during COVID-19 lockdowns in many countries, and is likely to maintain solid momentum as both consumers and brands enjoy closer communication, improving online user experience and D2C segment expansion.
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