Enterprises will go through the Response, Recovery, and Renew phases.
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The textile market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Consumer Discretionary Include:
Global Medical Textiles Market - Global medical textiles market is segmented by application (surgical, healthcare and hygiene products, and extracorporeal), product (woven medical textiles, non-woven medical textiles, and knitted textiles), and geography (APAC, Europe, MEA, North America, and South America).
Global Digital Textile Printing Market - Global digital textile printing market is segmented by Type (Disperse and sublimation inks, Reactive ink, Acid ink, and Pigment ink), Geography (Europe, APAC, North America, MEA, and South America), and Application (Textiles and clothing, Soft signage, Home textiles, and Others).
Major Three Textile Market Participants:
Arvind Ltd.
The company offers denim, wovens, knits, among others.
Asahi Kasei Corp.
The company offers textile under various brands such as Bemberg, ROICA, and A-Cubic.
Beaulieu International Group NV
The company offers technical textiles.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Sample report with detailed market share analysis of market participants during COVID-19 lockdown
Textile Market 2021-2025: Segmentation
Textile market is segmented as below:
- Product
- Natural Fibers
- Polyesters
- Nylon
- Others
- Application
- Fashion
- Technical
- Household
- Others
- Geography
- APAC
- North America
- Europe
- South America
- MEA
The textile market is driven by Increasing demand for natural fibers. In addition, the growing construction activities are expected to trigger the textile market toward witnessing a CAGR of over 5% during the forecast period.
More insights into the global trends impacting the future of the textile market
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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