TEXTILES.ORG
According to an ESOMAR-certified market research and consulting firm’s market intelligence report, knitted fabric sales will rise at a CARG of nearly 5 percent from 2021 to 2031, reaching nearly $40 billion in revenue.
The rising importance of knitted fabrics in the construction, vehicle, medical and manufacturing sectors are major growth stimulants. Advanced knitted fabrics with high compression strength, anti-tear and flame-resistant properties have been developed as a result of technological advancements and manufacturers’ productivity has risen as a result of the rapid use of 3D knitting machines.
The growing usage of high-tech medical textiles in healthcare applications is projected to open a slew of new prospects for knitted fabric manufacturers.