India Textile Auxiliaries Market to Cross at $650 Million by 2021
Increasing
textile exports and growing production of superior quality textile products
coupled with favorable government policies to drive India textile auxiliaries
market through 2025
According to TechSci Research
report, “India
Textile Auxiliaries Market By
Process Type, By Sales Channel, Competition Forecast & Opportunities, 2011
– 2025”, the textile auxiliaries market
in India is anticipated to cross over $650 Million by 2021. Booming textile industry,
supportive government regulations, surging exports of superior quality textile
products and increasing set-ups of garment manufacturing units by international
brands are expected to boost the demand for textile auxiliaries in the country
during 2016 – 2025.
Browse 13
market data Tables and 23 Figures spread through 86 Pages and an in-depth
TOC on "India Textile
Auxiliaries Market"
https://www.techsciresearch.com/report/india-textile-auxiliaries-market-by-process-type-pre-treatment-finishing-dyeing-printing-by-sales-channel-indirect-vs-direct-competition-forecast-opportunities/874.html
On the basis of process type, India textile auxiliaries
market has been segmented into three categories, namely, Pre-treatment,
Finishing and Dyeing & Printing. Among these categories, pre-treatment
segment dominated the country’s textile auxiliaries market in 2015.
Pre-treatment process prepares the fabric for finishing and dyeing, and
majority of textile auxiliaries are consumed during this process. Ability of
textile auxiliaries to improve the durability of fabric during pre-treatment
process is expected to increase their consumption in pre-treatment processing stage
of fabric during forecast period.
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India textile market is anticipated to grow at a healthy pace over the
next few years on account of surging demand for textile products from domestic
as well as international markets. In 2015, textiles & apparels segment
accounted for a share of around 11% in India textile exports. In the same year,
the country stood at second position in global textile & apparel exports.
Increasing domestic as well as international demand for superior quality
fabrics from apparel manufacturers is expected to aid the country’s textile
auxiliaries market during 2016 – 2025.
“100% FDI under the automatic
route in textile sector along with the implementation of new Textile Policy in
2016 is expected to increase textile production and trade activities, which, in
turn, is expected to boost the consumption of textile auxiliaries over the
coming years. Under the new Textile Policy, the Government of India has
increased the subsidy under technology upgradation scheme from 15% to 25% for
garment sector. The government launched Merchandize Exports from India (MEIS)
Scheme in 2015, which provides duty reward to apparel categories and eligible
textile to an extent of 2-5% of FOB value.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India
Textile Auxiliaries Market By Process Type, By Sales Channel, Competition
Forecast & Opportunities, 2011 – 2025” has analyzed India textile auxiliaries market,
and provides statistics and information on market sizes, consumer behavior and
trends. The report will suffice in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers and key challenges faced by the industry.
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