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.
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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.
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European Textile Market 2024 Driving Factors Forecast Research 2031
