Billion usd by 2025

A slight decrease in overall revenue: In 2020, the US experienced its first decrease in textile revenue since 2009. This lower rate was largely due to the effects of COVID-19, which made production and shipment more difficult. However, the United States textile industry is still valued at $64.4 billion in 2020, one of the highest revenue rates of the year.

Yarns and fabrics valued most: With a $25.7 billion value in 2020, yarn and fabric production is the highest revenue generator for the United States textile industry.

EUROPE
Europe’s textile industry is massive, employing 1.7 million people and producing roughly $150 billion per year. Europe produces many clothing items and fabrics for both the continent and the rest of the world. Germany, Spain, Portugal, France and Italy are the biggest producers in Europe’s textile industry.
Take a look at some of Europe’s textile trends in recent years:

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  Increased preference for online shopping: Most European countries have experienced an increase in disposable income since 2020. This increase, coupled with the effects of the COVID-19 pandemic, drove many to online clothes shopping. In turn, the textile industry experienced a boost in demand and sales.
  
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  Research into greener strategies: Europe’s textile market conducts leading research about environmental practices in the industry. After the need for sustainable options rose, Europe’s textile industry dedicated its efforts to finding new and innovative ways for their industry to become more eco-friendly.