China's textile market is anticipated to grow at a CAGR of more than 5% during the forecast period (2024-2031). The market growth is driven by technological innovation, increased production efficiency, and the growth of the Chinese apparel industry. Additionally, the upgradation in the product portfolio is keeping the industry competitive in the global market, significantly contributing towards market growth. China textile market is segmented by material (cotton, jute, silk, synthetic, wool, and others), and by application (fashion and clothing, industrial/technical, and household).
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China textile market has a huge presence of small-scaled, medium-scaled, and large-scaled enterprises. The application segment includes fashion and clothing, industrial/technical, and household. However, spurred by the enormous consumption upgrade demand, personalized customization, and smart wearable products emerged as new drives in the industry. The usage of textiles kept broadening, and functional textiles emerged as a new major segment.
The major players in the China textile market include Anta Sports Products Limited, Jihua Group, Lu Thai Textile Co., Ltd., Shandong Ruyi Technology Group Co., Ltd., Shandong Weiqiao Pioneering Group Co., Ltd., Weiqiao Textile Co., Ltd. and others. The market players are contributing significantly to the market growth, by the adoption of various business strategies, such as collaborations, mergers and acquisitions, product portfolio diversification, and more.
Recent Developments
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