The global textile market has been flourishing at breakneck pace due to industrialization and technological innovations .This industry is considered as one of the most important industries for the economy of a country as it accounts for GDP, industrial production and country’s total export earnings. The textile industry is the industry responsible for converting raw material into yarn to create a fabric termed as textile. It includes all the processes from developing, producing, manufacturing, and distributing textiles.
· Decreasing length of fashion cycles giving rise to sustainability issues
· Oversaturation of the retail space in the context of digitalization
· Automatization technologies helping to improve margins