Global Textile and Apparel trade is expected to cross $1 Trn mark in 2025-26
The market was estimated at $764 Bn in 2018. The textile mills market primarily includes yarns and fabrics. The APAC region accounted for 59.6% of the global textile mills market value in 2016. Europe accounts for 19.1% and the United States accounts 10.8% of the market. The global textile mills market is forecast to reach $961.0 Bn in value in 2021 increased by 28.5% since 2016. The value of the global apparel manufacturing market totalled $785.9 billion in 2016, up 3.3% from a year earlier. The Asia-Pacific region accounted for 61% of the apparel market value in 2016 and Europe accounted for a further 15.2% of the apparel market. The global apparel manufacturing market is expected to reach $992 Bn in value in 2021, with an increase of 26.2% since 2016. The value of the global apparel retail market totalled $1,414.1 Bn in 2017 (52.6% womenswear, 31.3% menswear and 16.1% children wear), up by 4.9% from a year earlier.