European Textile Market to see Huge Growth by 2029

European textile market is anticipated to at a CAGR of around 4% during the forecast period. The textile industry plays a pivotal role in the European manufacturing sector and employs around 6% of the overall working class in total manufacturing in Europe. Sustainability, linked with corporate social responsibility and transparency is also influencing the European textile industry. Top producers of textiles in the EU are Italy, Germany, France, Spain, Portugal, the UK, Belgium, Poland, Romania, and Austria.

Research and innovation also have always been an important factor for the European textile and clothing industry, to remain one step ahead of the global competition. Knowledge, creativity, more advanced technology, and better organization can overcome challenges, such as higher labor and resource costs, lack of local raw materials, etc. As the pace of innovation accelerates across the world, the sector is intensifying its efforts to conquer high-tech niches, increase its flexibility and time to market, and use its production resources in a more efficient and waste-free way. Key trends for the future include flexible, short-run, on-demand production, digital manufacturing and supply chain management, customization and service-based business models, sustainable business operations, and the extension of application areas for highly engineered and smartly functionalized textile materials.

The European textile market is segmented based on material and application. Based on material, the textile market is segmented into cotton, jute, silk, synthetic, wool, and others. Wool is expected to be the fastest-growing segment based on material. Presently, the European countries, such as the UK, Italy, Germany, and France, are only minor wool producers, but they held great importance in the past. However, they continue to retain their long-established textile industries. The application segment includes fashion and clothing, industrial/technical, and household. The industrial/technical segment is expected to lead the market share during the forecast period.

To Request a Sample of our Report on European Textile Market:   https://www.omrglobal.com/request-sample/european-textile-market

European Textile Market Report Segment

By Material

  • Cotton
  • Jute
  • Silk
  • Synthetic
  • Wool
  • Others

By Application

  • Fashion and Clothing
  • Industrial/Technical
  • Household

A full Report of European Textile Market is Available @  https://www.omrglobal.com/industry-reports/european-textile-market

Regional Analysis

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

Company Profiles

  • Aditya Birla Group
  • Koch Industries, Inc.
  • Koninklijke Ten Cate B.V.
  • POLLACK
  • Ralph Lauren Corp.
  • Reliance Industries, Ltd.
  • River Island
  • Salvatore Ferragamo S.P.A.
  • Solvay S.A.
  • Successori REDA SpA
  • Tavelmo (The Movelta Group)
  • Toray Industries, Inc.

Reasons to buy from us –

  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
  2. More than 120 countries are for analysis.
  3. Over 100+ paid data sources mined for investigation.
  4. Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404