Global textile industry waste management is expected to drive nearly at a CAGR of 11.5% and is projected to reach approximately USD 3.0 billion by 2024 – PMR
Global Textile Industry Waste Management Market Outlook
Textile industry is one of the greatest and oldest industries in the world’s economy since the former days. Since it has the largest number of employees therefore it is also known as labor intensive industry. Textile industry is broadly divided into two parts. First part is unorganized sector which include handloom, handicraft and sericulture, etc. Second part is organized sector which include spinning, garments, etc. It preoccupies a huge amount of water thus producing substantial amount of waste water. For many countries, textile industry is very important when it comes to employment rates, GDP etc.
It is seen that the key vendors of textile industry are spending more on research and development activities to innovate different products and increase safety. By capitalizing the low cost resources this industry provides break to lower income countries for export diversification by meeting the buyers demand.
Global textile industry waste management market is mainly driven by the factors such as improvement in membrane technologies; growing demand for nanofiltration procedures and advancement in waste management solutions. Wastewater treatment using membrane reactors and desalination by RO are some technologies that are already being implemented in industries at large scale.
Buy now and get a Beneficial 30% off on this report @ https://www.planetmarketreports.com/reports/global-textile-industry-waste-management-market-511
Slid waste management
Water waste management
Gaseous waste management
Source reduction solutions
Wastewater treatment equipment
Key Trends and Growth Drivers
As we know that the textile industry is said to be the largest contributor in the global economy, there are any factors that propel the growth of this market. They are:
The control on pollution discharge is one of the factor driving the growth of the global textile industry waste management market
Get a FREE Sample Copy of This Report@
Augmenting popularity of green textile mill all over the world to manage waste is swelling the demand for waste water management solutions
Growth in domestic demand for textile especially in Asia-Pacific region.
Notwithstanding the fact that there are also some factors which curtail the growth of market. They are:
Collision of concentrated water on water treating equipment leads to degrade the life of treatment equipment
High cost of wastewater treatment equipment is one of the key factor which limits the demand for treatment equipment
Still there is scope for improvement in terms of energy, cost and expertise.
Get a category of this Report @
Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe. We associated with global market research a publisher who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.
We have statistical surveying reports from number of top publishers and update our reports collections on daily basis with most recent research data to furnish our customers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns. We help you in your buy choice by mapping your data needs with our immense accumulation of reports.
Name: Jennifer Daniel
Organization: Planet Market Reports