Saree segment in the Indian market to grow at 8.06%

The market size of saree was 13,217.34 million metres in 2016. The market size will reach 22,546.37 million metres in 2023 with an annual growth rate of 8.06 per cent during 2018-2023, according to market data from Fibre2Fashion’s market insight tool TexPro.

There are few other textiles products that are likely to have double digit annual growth during 2018-2023 in the Indian apparel market. These are Jeans (13.77 per cent), underwear/panties (13.41 per cent), T-shirt (12.41 per cent), brassieres (12.06 per cent), frocks (11.60 per cent) and salwar, kameez & LDM (10.12 per cent), as per TexPro.

The total market size of Indian apparel will grow annually at 8.48 per cent during 2018-2023 and will reach at 53,951.10 million metres from 35,915.97 million metres in 2018. The market size was 30,851.57 million metres in 2016.

ALCHEMPro News Desk (KUL)