The global textile industry is worth billions of dollars, and it has many players. We are talking about suppliers, workers, manufacturer exporters and textile machinery manufacturers to mention a few. While the size and success of the textile industry varies in different parts of the globe, the trends in this market are similar.
The textile industry is one of the most important sectors that is contributing significantly to the global economy. Being a labor intensive industry, it has also provided employment to millions of people across the globe.
It is vital that as a player in this industry, you understand the market trends to be able to compete with other players in this space. Here are the key industry trends worth noting.
- An increase in demand for natural fibers
Over the past couple of years, there has been a significant increase in the production of cotton. Some of the factors that have contributed to this is a change in consumer preferences when it comes to fibers. Cotton consumption is growing, and this is something textile companies need to be aligned with.
The reason behind this preference is the benefits that come with cotton fabrics. They are light, comfortable and have more strength compared to the synthetic fibers. Worth noting is that these qualities have expanded the application of these fibers across different industries, like the automotive sector.
Natural fibers like cotton, silk, jute, wool, and help are being used widely in the production of garment, automobile interiors and medical dressing to mention a few. This should tell you where opportunities lie in the textile industry for you to take advantage of.
- An increase in demand for non-woven fabrics
While the demand for natural fibers is growing, the consumption of non-woven fabrics is also on the rise. This has been motivated by the growth of the ageing population, birth rate and hygiene products. We are talking about diapers, incontinence products and sanitary napkins to mention a few.
Non-woven fabrics are also being used in the construction industry, and it is only a matter of time before they expand into other sectors. As industrialization continues to be a critical part in the growth of different economies, the application of these fabrics will only continue to increase.
Robotic automation is one of the key trends that are driving the growth of this industry. Companies are adopting emerging technologies that reduce pollution, energy use and waste. Many textile businesses are going for these technologies to enhance their environmental performance and enhancing the efficiency of their operations.
Keeping up with the market trends is important for giving your business a competitive edge. The trends will inform you on the kind of activities and production operations you should pay attention to. Note that consumer preferences change with time. It is important that you stay updated with this to stay ahead of your competition.
Many companies are going for automation to address environmental concerns and to bring about cost-efficiency in their operations.