Global Apparel Market to Reach $2 Trillion by 2025
The global apparel market will cross the U.S. $2 trillion mark from the current value of $1.1 trillion, which suggests an addition of nearly $1 trillion in the market, presenting huge business opportunities for sector players, according to the "Road to 2025: Textile and Apparel Sector Report" released by Wazir management consultants.
A major share of this market creation is expected to happen in China, India, Brazil and Russia where the growth of per capita spent on apparel (PCA) will be higher than the growth of each economy, according to the report.
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