Industry News, Market Research

Global Textile Market to Register CAGR of 4.3% from 2020 to 2027: Grand View Research

The global textile market size was valued at $961.5 billion in 2019, per GVR.

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By: Anthony Locicero

Copy editor, New York Post

The global textile market size was valued at $961.5 billion in 2019 and is estimated to exhibit a CAGR of 4.3% from 2020 to 2027 owing to the increased demand for apparels, especially in developing countries such as China, India, Mexico, and Bangladesh, according to Grand View Research. Furthermore, increasing disposable income and rapid urbanization has led to a rise in the number of supermarkets and retail stores, thereby driving the overall market growth. Textile is a flexible material that...

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