Global Textile Yarn Market Set to Reach $18.5 Billion by 2028, Driven by Technological Advancements

Details
Published: Wednesday, 03 January 2024 07:23

The global textile yarn market, currently valued at $14.4 billion, is poised for substantial growth, projected to achieve a 5.1 percent compound annual growth rate (CAGR) and reach $18.5 billion by 2028, according to a recent report by Markets and Markets. This upward trajectory is attributed to various factors, including the expanding middle-class population in emerging economies and the development of technically advanced yarns.

Read more ...

Global Knitwear Market Set to Soar, Anticipated to Reach $156.8 Billion by 2030

Details
Published: Tuesday, 02 January 2024 17:20

The global knitwear market is on an upward trajectory, showcasing a remarkable shift from its traditional role as innerwear to a fashion statement. As consumers and designers alike increasingly embrace the fabric's exceptional versatility, the period of global lockdowns in 2021 and 2022 underscored knitwear's significance, with a notable surge in popularity due to its comfort and adaptability. According to a recent report by Maximize Market Research Private Limited (MMR), the global knitwear market is expected to touch $156.8 billion by the end of the decade, exhibiting a compound annual growth rate (CAGR) of 5.8 percent.

Read more ...

More Articles ...

  1. Soft Home Sales Struggle to Recover to Pre-Pandemic Levels Amidst Ongoing Challenges
  2. Global Jeans Market Set to Soar at 6.3% CAGR
  3. Women's Sportswear Industry Will to Surpass $1 Billion Mark by 2024
  4. India's RMG Exports to MEA Surge to $2.68 Billion in 2022-23: A Look at 'Brands of India' Trade Show