The global readymade garments market is expected to grow at annual rate of 8.8 per cent to reach $1,268.3 billion by 2027, says a report by the Allied Market Research.

As per a Textile Focus report, China will the demand and production of readymade clothes during the projection period of 2021-2027. The value of e-commerce will increase by a significant CAGR from 2021 to 2027. The others category will grow at faster rate than the formal wear category during the projection period. The formal wear category is projected to grow at 9.1 per cent CAGR during period.

The market for woven garments market is expected to grow at a 9.1 per cent CAGR during then projected period. However, the growth will be surpassed by the nonwoven segment that will grow by 9.6 per cent. The adult category will grow by 9.1 per cent CAGR throughout the projection period while the youngsters segment will grow at 9.4 per cent CAGR during the projected period. The supermarket/hypermarket category is expected to grow at a CAGR of 9.0 percent while e-commerce is predicted to increase at a faster rate.