By 2015, the global textile fiber market will reach 93 million tons

Global Industrial Analysis Corporation (GIA) gives a comprehensive outlook for the global textile industry. The formation of the global textile industry dynamics is based on a wide range of demographic factors, such as the level of disposable income, the level of consumer confidence, and other conventional economic variables. Future growth will be driven by some industries, such as geosynthetics that overcome the unfavorable economic environment. Filtration products and medical products.
In 2008 and 2009, the demand for textiles and apparel fell sharply, especially in the United States, Japan and Europe. Consumer confidence declined due to rising unemployment. Few consumers showed a preference for low-priced products, while other consumers tried to postpone purchases.
The economic recession has prompted industry participants to resort to cost-saving measures, such as work vacations, production line shutdowns and layoffs, in order to survive in a highly competitive environment. Some countries have adopted protectionist policies in order to deal with social and political instability and to stop the decline in international trade and the closure of factories.
However, the economic stimulus package provided by Asian countries has promoted the recovery of the textile and apparel industry. Governments implement strong policy frameworks to provide support to accelerate recovery. The global textile industry has also continued to migrate from developed countries to developing countries.
China dominates the global textile market in terms of annual production capacity of cotton textiles, wool fabrics and chemical fiber garments. In view of the economic recession, China has adopted a different strategy, shifting its focus to the domestic market, while China's earlier focus was on the export market. The improvement of the economic environment, coupled with favorable government support policies, and the upgrading of industries have increased the output of the textile industry. Domestic demand is expected to boost the output, sales and export growth of China's textile industry. Favorable infrastructure, loose labor laws and social security are expected to promote the growth of the textile industry.
Cotton is a major raw material for textiles, accounting for about 40-50% of textile ingredients. In addition, among all natural fibers, cotton accounts for about 80%, and the others are wool, hemp and flax. Cotton consumption is mainly affected by population growth. Between 1950 and 2009, cotton consumption tripled. In addition, some factors, such as the increase in per capita income, the stable or declining price of cotton relative to other fibers, and the extensive publicity activities of market participants, have all contributed to a substantial increase in cotton demand. India, China, Pakistan and the United States dominate global cotton production.
Driven by the increase in the amount of raw materials used in the new market, the global technical textile market is bound to grow rapidly. Especially in Asia, due to the rapid growth of the domestic market and the expansion of domestic production capacity, Asia is expected to become a new force in the technical textile market. Asian countries, such as Japan, China, Taiwan, India, and South Korea, are expected to drive global consumption of technical textiles. Especially India, because of its abundant raw materials and skilled labor, it will become a major market participant. The geotextile industry is expected to grow the fastest because climate change increases the threat of natural disasters, including hurricanes and floods. Germany, France, Japan, the United Kingdom, South Korea, India, China, and the United States are the major producers of technical textiles in the world. The Global Industrial Analysis Corporation (GIA) report predicts that the global textile fiber market will reach 93 million tons by 2015.