The textile industry received a boost in the economies of India, Japan, and China due to the high production of silk, wool and cotton.
They become the leading producers in this industry. The clothing industry emerged from England and from there it moved to Europe and North America. The research report has analyzed that Asian countries are the main contributors in this industry. Automation in textile Industry is increasing at a high rate.
Despite restrictions and high government tariffs in the fabric industry, the level of exports by developing countries has increased consistently.
Textile has become one of the most dynamic industries in the world. Market consolidation has become a growing trend in this industry. One of the trends in the textile industry includes producing functional fabrics.
Market research reports stipulate that textiles which introduce functional effects on fabrics will lead the global market in the future.
Special functional effects are introduced in the fabric by manufacturers such as Kain with protection from skin allergies, antibacterial and antimicrobial abilities.
The manufacturer produces clothes that don't need to be ironed, and clothes that keep the body warm. The textile industry is now investing in research and development of environmentally friendly fabrics. This is basically done to meet the quality expectations of a niche market.
This industry faces competition and opportunity. In a research report, it is predicted that global textile production will grow by 25% in 2010 and 50% in 2014. The global textile market consists of three segments, namely Industrial or Technical Textiles, Apparel, and Home textiles.