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2019-06-18
180
Global
Global Textile Industry Waste Management Market Outlook, 2024
Textile industry is one of the greatest and oldest industries in the world’s economy since the former days. Since it has the largest number of employees therefore it is also known as labor intensive industry. Textile industry is broadly divided into two parts. First part is unorganized sector which include handloom, handicraft and sericulture, etc. Second part is organized sector which include spinning, garments, etc. It preoccupies a huge amount of water thus producing substantial amount of waste water. For many countries, textile industry is very important when it comes to employment rates, GDP etc.
It is seen that the key vendors of textile industry are spending more on research and development activities to innovate different products and increase safety. By capitalizing the low cost resources this industry provides break to lower income countries for export diversification by meeting the buyers demand.
Global textile industry waste management market is mainly driven by the factors such as improvement in membrane technologies; growing demand for nanofiltration procedures and advancement in waste management solutions. Wastewater treatment using membrane reactors and desalination by RO are some technologies that are already being implemented in industries at large scale.
By Waste
By Solution
By Application
By Region
The textile industry is one of the oldest as well as one of the emerging industries in today’s era. The market of global textile industry waste management is expected to drive nearly at a CAGR of 11.5% and is projected to reach approximately USD 3.0 billion by 2024.
On the basis of application, the market is segmented into water purifier and wastewater treatment equipment. Due to increasing reduction in freshwater resources, the market is dominated by wastewater treatment equipments.
On the basis of region, the market is being dominated by Asia pacific due to government initiatives to set up textiles parks and new anticipated projects in different countries of Asia pacific.
As we know that the textile industry is said to be the largest contributor in the global economy, there are any factors that propel the growth of this market. They are:
Notwithstanding the fact that there are also some factors which curtail the growth of market. They are:
Market Synopsis
Market Segmentation
The global textiles industry waste management market is segmented as follows:
Global textiles industry waste management market report covered insights of below mentioned regions:
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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