Growth Opportunities in Knitted Fabric Market

Knitted fabrics are widely used in the textile industry due to their flexibility, comfort, and durability. The global knitted fabric market is expected to grow at a CAGR of 5.2% from 2020 to 2027. The increasing demand for knitted fabrics in the fashion industry, sports industry, and healthcare industry is driving the growth of the market. In this article, we will discuss the key players, market challenges, market opportunities, and the future of the knitted fabric market.

Overview

The knitted fabric market is segmented into product type, application, and region. Based on product type, the market is segmented into weft knitted fabric and warp knitted fabric. Weft knitted fabric is the most commonly used type of knitted fabric due to its flexibility and comfort. Based on application, the market is segmented into fashion, sports, healthcare, and others. The fashion industry is the largest application segment of the knitted fabric market due to the increasing demand for comfortable and stylish clothing.

Key Players in the Growth Opportunities in Knitted Fabric Market

The key players in the knitted fabric market are Shenzhou International Group Holdings Limited, Teejay Lanka PLC, Fakir Group, Pacific Textiles, and Gildan Activewear Inc. These companies are focusing on product innovation, expansion, and acquisition to strengthen their market position. For instance, in 2020, Shenzhou International Group Holdings Limited invested in a new production line for knitted fabrics to increase its production capacity.

Market Challenges

The knitted fabric market is facing several challenges such as the availability of raw materials, fluctuating prices of raw materials, and the impact of COVID-19 on the supply chain. The shortage of raw materials such as cotton and polyester is affecting the production of knitted fabrics. The fluctuating prices of raw materials are affecting the profit margins of the manufacturers. The COVID-19 pandemic has disrupted the supply chain of the knitted fabric market due to the closure of manufacturing facilities and transportation restrictions.

Market Opportunities

The knitted fabric market is expected to grow due to the increasing demand for sustainable and eco-friendly fabrics. The manufacturers are focusing on the development of sustainable knitted fabrics using recycled materials and organic cotton. The increasing demand for athleisure wear and sportswear is also driving the growth of the knitted fabric market. The healthcare industry is also a potential application segment of the knitted fabric market due to the increasing demand for medical textiles such as compression garments and wound dressings.

Future of Knitted Fabric Market

The knitted fabric market is expected to grow in the future due to the increasing demand for comfortable and sustainable clothing. The manufacturers are focusing on the development of innovative knitted fabrics with advanced features such as moisture-wicking, anti-bacterial, and UV protection. The increasing adoption of e-commerce platforms for the sale of clothing is also driving the growth of the knitted fabric market. The Asia Pacific region is expected to dominate the knitted fabric market due to the presence of major textile manufacturing countries such as China, India, and Bangladesh.

Conclusion

The knitted fabric market is expected to grow in the future due to the increasing demand for sustainable and comfortable clothing. The manufacturers are focusing on product innovation and expansion to strengthen their market position. The market challenges such as the availability of raw materials and the impact of COVID-19 on the supply chain need to be addressed to ensure the growth of the market. The future of the knitted fabric market looks promising with the increasing adoption of e-commerce platforms and the development of innovative knitted fabrics.