Introduction to World Textile Industry

The history of development in World Textile industry was started in Britain as the spinning and weaving machines were invented in that country. High production of wool, cotton and silk over the world has boosted the industry in recent years. Though the industry was started in UK, still in 19th Century the textile production passed to Europe and North America after mechanization process in those areas. From time to time Japan, China and India took part in industrializing their economies and concentrated more in that sector.
According to statistics, the global textile market possesses a worth of more than $400 billions presently. In a more globalize environment, the industry has faced high competition as well as opportunities. It is predicted that Global textile production will grow by 25 percent between 2002 and 2010 and Asian region will largely contribute in this regard.
The textile industry, also called the "rag trade" in the United Kingdom and Australia, deals with the design and manufacturing of clothing items, and takes care of the distribution process, using textiles. Based on current statistics, the global textile market is at the moment worth a little more than $400 billion, in spite of the fierce competition textile industry had to face, from other industries.
Between 2002 and 2010 it is estimated that the global textile production will increase be a staggering 25 percent, with Asia being the region that is going to bring its major contribution to this tremendous growth.
Gobalisation, which would later take over, would help outsource the whole manufacturing process, particularly in areas where trade with textile was common. Leaders in this business changed their focus to the whiter collars, and it was that that the industry of fashion design emerged together with fashion modeling, which also started to flourish and t become in our days a million-dollar industry.