The market for looped pile knit or crochet fabric of manmade fibers in China has been showing a robust upward trend. In 2023, the market size was estimated to be approximately $464 million. Forecasting data reveals consistent growth, with values set to rise from $485.42 million in 2024 to $570.05 million by 2028. Year-on-year growth rates average around 4.3%, whereas the expected compound annual growth rate (CAGR) over the five years from 2024 through 2028 stands at approximately 4.2%.
Future trends to watch for:
- Increasing demand for sustainable and eco-friendly materials could drive innovations in manmade fibers.
- The domestic and international fashion trends that favor activewear and comfortable textiles could further boost market expansion.
- Technological advancements in fabric manufacturing, enhancing quality and efficiency, are likely to influence competitive dynamics.