TECHNICAL TEXTILES, INDUSTRY INSIGHTS
These days, more than 34 million tonnes of technical textiles are consumed across the globe. And this number is likely to reach 57 million tonnes by 2027.
The sector is foreseen to grow with a CAGR of 6.4% by 2022 due to the increasing demand for enhanced functionality, better performance and improved durability textiles for workwear, sport and leisure apparel, as well as for industrial, automotive and agriculture applications, just to mention a few. Moreover, Governments are adopting tougher regulations and instituting new stringent standards for health, safety and environmental compliance in both developed and developing countries.