The Business Research Company’s Fabrics Global Market Report 2020-30: Covid 19 Impact and Recovery. The report covers market size, key players, market share and trends to 2030.
Fabrics Global Market Report 2020-30: Covid 19 Impact and Recovery is one of a series of new reports from The Business Research Company that provide Fabrics market overviews, analyze and forecast market size and growth for the whole market, Fabrics market segments and geographies, Fabrics market trends, Fabrics market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The fabrics market consists of sales of fabrics by entities (organizations, sole traders and partnerships) that produce fabrics, mostly through processes such as weaving and knitting. A fabric is a cloth formed by weaving, knitting, tufting or bonding together. Fabric mills include broad woven fabric mills, narrow fabric mills, non-woven fabric mills and knit fabric mills. They are engaged in weaving fabrics, felts and narrow fabrics and they also further finish and fabricate fabric products.
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The global fabrics market is expected to decline from $189.5 billion in 2019 to $182.1 billion in 2020 at a compound annual growth rate (CAGR) of -3.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $218.8 billion in 2023.
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