According to www.techsciresearch.com 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 grow at a CAGR of over 7% during 2016 – 2025.
Report URL:- 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
India Textile Auxiliaries Market Forecast 2025 - brochure
1. India Textile Auxiliaries Market
By Process Type, By Sales Channel,
Competition Forecast & Opportunities,
2011 – 2025
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
7. I n d u s t r y B r i e f
7
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.
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.
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.