The global pure cashmere scarf market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The growing textile industry owing to an increase in government investments coupled with government initiatives is anticipated to drive the growth of the global pure cashmere scarf market. According to the data published by India Brand Equity Foundation (IBEF) in 2022, the textile industry has witnessed a surge in investments during the last five years. The industry attracted foreign direct investment (FDI) worth $3.93 billion from April 2000 to December 2021. Under the Union Budget 2022-2023, the total allocation for the textile sector was $1.62 billion. Out of this, $17.5 million is for the textile cluster development scheme, $13 million for National Technical Textiles Mission, and $1.96 million for Mega Integrated Textile Region and Apparel parks scheme and the production linked incentive scheme. Further, in 2021, the Ministry of Textiles approved the continuation of the comprehensive handicrafts cluster development scheme with a total outlay of $21.3 million. Through this mission, the government aimed to support domestic SMEs and local artisans. Thus, such investments are anticipated to drive the growth of the global pure cashmere scarf market.
Moreover, the establishment of an effective platform for weavers, artisans, and craftsmen is anticipated to drive the growth of the market. For instance, in August 2021, Flipkart and Himachal Pradesh State Handicrafts and Handloom Corporation Ltd (HPSHHCL) signed a memorandum of understanding (MoU) to assist the state’s master craftsmen, weavers, and artisans showcase their hallmark products on E-Commerce platforms. Thus, such initiatives are anticipated to fuel the demand for the global pure cashmere scarf market.
Looking toward the demand for pure cashmere scarf, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in September 2020, Edinburgh Cashmere launched its flagship stores consisting of pure cashmere scarves, stoles, and mini capes. The Edinburgh had manufactured 135 clan cashmere scarf and made over 500 different designs and tartans in cashmere and lambswool. Thus, such launches are anticipated to drive the growth of the global pure cashmere scarf market during the forecast period.
(Get 15% Discount on Buying this Report)
Get Sample Copy of Global Pure Cashmere Scarf Market at https://orionmarketreports.com/request-sample/?id=112165&submit=Request+Sample%0D%0A
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Ply
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Blue Sky Cashmere LLC, Cashmere Holding Co., and Gobi Corp among others
A full report is available at: https://orionmarketreports.com/global-pure-cashmere-scarf-market/112165/
Global Pure Cashmere Scarf Market Report by Segment
By Type
Grade A Cashmere
Grade B Cashmere
Grade C Cashmere
By Ply
- 1 Ply
- 2 Ply
- 3 Ply
- Above 3 Ply
By Application
Female
Male
Child
By Distribution Channel
- Online
- Offline
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
