Cambodia Smart Textile Market Segmentation and Industrial Overview Forecasts to 2027

Cambodia Smart Textile Market Overview:

The current state of definitions, classifications, applications, and the industrial chain structure were examined in the Cambodia Smart Textile Market Research Report. The study offers unbiased, expert commentary on the market's current state, performance in the past, rates of production and consumption, demand and supply, and forecasted income generation predictions. The leading companies involved in the Cambodia Smart Textile sector's strategic goals and company growth objectives are also covered in the market study on Cambodia Smart Textile. The research takes into account a variety of strategies, including brand marketing, product launches, partnerships and collaborations, government and corporate transactions, mergers and acquisitions, and partnerships and collaborations.

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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 2020, the market was dominated by the performance-enhancing smart textile segment, which generated about xx% of the total market revenue. 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:

  • Evora SA
  • Kaltex SA
  • Vicunha Textil SA
  • Coteminas SA
  • Alpargatas SAIC
  • Santana Textiles SA
  • Fabricato SA
  • Pettenati SA Textile Industry
  • Australtex SA

COVID-19 Impact on Cambodia Smart Textile market:

The Cambodia Smart Textile market has been significantly impacted by the COVID-19 outbreak. Facilities for the production of Cambodia Smart Textile have been put on hold because of the global economic downturn and a labour shortage. The COVID-19 pandemic has caused a sizable and protracted decline in production utilisation, and staff have been kept away from their facilities by travel bans and facility closures, which will slow the growth of the Cambodia Smart Textile market in 2020. On the other hand, the negative effects of COVID-19 on the market for Cambodia Smart Textile are anticipated to be transient, and the industry is anticipated to quickly recover by early 2021 due to strong demand for Cambodia Smart Textile.

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A market research and consulting company called Stellar Market Research offers consulting services as well as syndicated and custom-made research reports. The company's products are primarily focused on helping businesses identify, target, and analyse changes in consumer behaviour across demographics and industries in order to help them make better business decisions. The company conducts market intelligence studies in a range of industries, including healthcare, touch points and energy, in order to provide pertinent and fact-based research. Stellar Market Research has a sizable staff of highly qualified analysts with expertise in a variety of industries. Due to the company's expertise in the field and capacity to offer a practical resolution to any research problem, clients can gain a competitive edge over their rivals.

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