India’s Technical Textile Sector: Strategic Growth OutlookIndia’s technical textile industry is undergoing a structural transformation, positioning itself as a high-potential segment within the broader manufacturing and innovation ecosystem. Valued at approximately 24 bln EUR in 2023, the country stands as the fifth-largest technical textile market globally. Yet, with only a 6% share of the global market, the scale of opportunity remains significant.Growth in this sector is being driven by increasing domestic demand across industries such as automotive, construction, agriculture, defense, and healthcare. Segments like Packtech, Mobiltech, and Indutech continue to anchor market activity, while Meditech and Geotech are gaining momentum …
Trends in China’s Textile & Apparel Industry
Trends in China’s Textile and Apparel IndustryWhile China’s textile market is experiencing a continually decline in revenues, the apparel market shows a much more dynamic development in terms of concentration, brands and customer preferences.China Textile Industry Revenues of China’s textile industry has been declining from 386 billion CNY in 2017 to 227 billion CNY in 2020, resulting in a CAGR of -16%. Drivers: With the increase of resident income, consumption upgrade, and implementation of China’s second-child policy, the demand for high-quality textile materials will remain increase. Technologies applied in design, manufacture, marketing, and logistics in the textile industry will accelerate …