Global Textile Industry

Global Textile Industrymainstream industry. However, the 20th century
With the invention of the spinning and weavingtextile industry acquired a rather bad reputation, since
machines in Britain, the world textile industrynow the workforce was mainly that of immigrants
witnessed a remarkable development, culminating inwho worked in illegal "sweat shops", and paid less
the Industrial Revolution that would once againthan minimum wages.
change old customs of manufacturing. The highGobalisation, which would later take over, would help
production of wool, cotton and silk, registered all overoutsource the whole manufacturing process,
the world for the past few years, brought itsparticularly in areas where trade with textile was
undeniable contributed to the development ofcommon. Leaders in this business changed their focus
economy all over the world.to the whiter collars, and it was that that the
From the UK, where it was formerly launched, theindustry of fashion design emerged together with
textile industry and textile production was soon afterfashion modeling, which also started to flourish and t
that passed over to Europe and also North America,become in our days a million-dollar industry.
in the 19th century, the manufacturing processedThe textile industry, also called the "rag trade" in the
was mechanized in these areas. As time passed,United Kingdom and Australia, deals with the design
other countries especially those of Asia, graduallyand manufacturing of clothing items, and takes care
began investing more in this sector, especially in theof the distribution process, using textiles. Based on
industrialization of their economies and neverthelesscurrent statistics, the global textile market is at the
textile industry, which gradually started to gain moremoment worth a little more than $400 billion, in spite
and more ground. So the textile industry also movedof the fierce competition textile industry had to face,
to Japan, India, Hong Kong and China, whichfrom other industries.
eventually found their way to being leading textileBetween 2002 and 2010 it is estimated that the
manufacturers, especially due to the cheap laborglobal textile production will increase be a staggering
force.25 percent, with Asia being the region that is going
The incentive came soon after, with the Industrialto bring its major contribution to this tremendous
Revolution from the 18th century and so the textilegrowth.
industry witnessed a tremendous growth, and theFurther reading in EconomyWatch.
production of clothing was to be changed to