Natural fibers drive growth

The global textile market is expected to post a CAGR of more than six percent during the period 2019–2023, according to the latest market research report by Technavio. The increasing consumption of natural fibers such as cotton, silk, wool, hemp, cashmere and jute will drive the global textile market during the forecast period. The abundance of natural fibers, especially cotton in China, India and the U.S., contributes to the growth of the global textile market.