Cambodia Smart Textile Market Trends, Share, Size, Growth, Sales, Opportunities and Forecast to 2027
Cambodia Smart Textile Market Overview:
Smart textiles are fabrics that have been created using innovative technologies that provide value. E-textiles are used in much smart clothing, wearable technology, and wearable computing applications. Cambodia's textile industry is one of the world's fastest-growing textile businesses. Western and Asian nations are looking to establish trade relations with it. It mostly buys raw textile materials from China and ships them to nations such as the United States, Europe, and even Asian countries.
The goal of this research is to provide a thorough examination of the Cambodia Smart Textile market by component, application, industry, and geography. The report contains in-depth information on the major factors influencing the growth of the Cambodia Smart Textile industry. The study also includes a comprehensive examination of the market's value chain.
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Cambodia signed MoU with the EU to strengthen smart textile:
The Garment Manufacturers Association of Cambodia (GMAC) and the European Chamber of Commerce in Cambodia (EuroCham) have signed a memorandum of understanding to increase collaboration in promoting sustainability. According to a joint statement from GMAC and EuroCham, the agreement signed on March 16, 2022, intends to help European garment and fashion companies in Cambodia as well as promote Cambodia's clothing sector across Europe and ASEAN. The first focus of the agreement is on increasing sustainable sourcing, workplace safety, and compliance. The agreement also addresses environmental awareness in the production chain, helping European brands with responsible sourcing from Cambodia, and Industry 4.0 opportunities.
Cambodia Smart Textile Market Segmentation:
By Kind, In terms of market revenue in 2020, the performance-enhancing smart textile segment dominated. By regulating body temperature, sweating, heart rate, respiration, and other factors, performance-enhancing fabrics support human activities. clothing that controls body temperature and materials that shield users from environmental dangers like radiation
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Cambodia Smart Textile Market Key Players:
- Kaltex SA
- Vicunha Textil SA
- Coteminas SA
- Alpargatas SAIC
- Santana Textiles SA
- Fabricato SA
- Pettenati SA Textile Industry
- Australtex SA
- Nike Inc.
COVID-19 Impact Analysis on Cambodia Smart Textile Market:
COVID-19 is a historic global public health emergency that has impacted nearly every business, and the long-term consequences are expected to impact industry growth throughout the projection period. Our ongoing research includes basic COVID-19 concerns as well as potential next steps. The study illuminates COVID-19 by taking into account changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of modern market forces, and significant government initiatives. The updated report includes insights, analysis, projections, and predictions based on the market impact of COVID-19.
Key Questions Answered in the Cambodia Smart Textile Market Report are:
- Which segment had the largest share in the Cambodia Smart Textile market?
- How is the competitive scenario of the Cambodia Smart Textile market in 2020?
- Which are the key drivers impacting the Cambodia Smart Textile market growth?
- Which region holds the maximum share in the Cambodia Smart Textile market?
- What will be the CAGR of the Cambodia Smart Textile market during the forecast period (2021-2027)?
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