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Knitwear Market Overview 2019: Industry Growth, Present and Future Trends, Latest Technology, Challenges, Current Statistics, Innovation by Forecast to 2023

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Pradeep Zende
Knitwear Market Overview 2019: Industry Growth, Present and Future Trends, Latest Technology, Challenges, Current Statistics, Innovation by Forecast to 2023

Global Knitwear Market Research Report: Information by Material Type (Natural, Synthetic, and Blended), Category (Men, Women, and Kids), End-use (Innerwear, and Outerwear), Distribution Channel (Store Based and Non-Store Based), Region (North America, Europe, Asia-Pacific, and Rest of the World) Industry Forecast till 2023

Market Research Future (MRFR) reports that the Global Knitwear Market is all set to amass massive gains at a stunning CAGR during the forecast period (2018-2023).

The e-commerce business of the worldwide fashion and apparel industry is projected to cross the value of USD 408 Billion in 2017 and touch the valuation of USD 706 Bn by 2022, surging at a CAGR of 11.6%.

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In addition to the increase in online sales, the growth in penetration of smartphones across developing nations, expansion of middle-class population coupled with rising discretionary income has shaped the market positively over the years.

Maglificio Ripa S.p.a (Italy), Puma SE (Germany), Adidas AG (Germany), The Nautical Company (UK) Ltd (UK), Loro Piana S.p.A. (Italy), Victoria’s Secret (the US), Ecowool (New Zealand), LENZING AG (Austria), Gildan Activewear Inc. (Canada), Sana Hastakala (P) Ltd. (Nepal), Ralph Lauren Corporation (the US), are some of the critical vendors shaping the Worldwide Knitwear Market.

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