UNIFORM FABRIC MARKET ANALYSIS
Market Trends
Moreover, it is eco-friendly, soft to touch, and comfortable to wear, which is propelling its demand among various end-use industries.
Asia Pacific is anticipated to grow significantly during the forecast period due to growing textile market in this region. Emerging economies such as India, China, and Vietnam are expected to hold major revenue share in this region. According to the India’s Brand Equity Foundation (IBEF), in FY 2017-18, overall export of products by textile industry in India accounted for US$ 39.2 billion. Furthermore, as per IBEF estimations, the Indian textile market was valued at US$ 150 billion in the FY 2017-18 and is expected to reach US$ 250 billion by 2019. Therefore, growing textile industry in Asia Pacific is expected to propel growth of the uniform fabric market.
Furthermore, China and Vietnam are the major exporter of textile and apparel to the U.S. According to United States International Trade Commission, in FY 2016, China and Vietnam exported 36.8% and 10.8% of the total textile and apparel to the U.S. Thus, fueling growth of uniform fabric market.
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