Because of improved economic conditions, technical textiles have seen a global increase in recent years. Technological advancements in end-use applications, cost-effectiveness, durability, user-friendliness, and eco-friendliness of Technical Textiles have increased global demand.
In terms of value, Indutech, Mobiltech, Packtech, Buildtech, and Hometech account for two-thirds of the global market.
Some of the factors contributing to India's growth in this sector include the availability of raw materials such as cotton, wood, jute, and silk, as well as a strong value chain, low-cost labor, power, and changing consumer trends.
According to the Ministry of Textiles' Baseline Survey of Technical Textile Industry, India's technical textiles market will grow by 20% from USD 16.6 billion in 2017-18 to USD 28.7 billion by 2020-21.
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