Home textiles offer escape into security and comfort

摘要

While the impact of recent global economic meltdown will take some more time to be estimated; earlier assessments showed that the markets were moving steadily with focus squarely on keeping the consumer engaged. On one hand, retailers were constantly trying to narrow down the consumer's requirements, and on the other hand, manufacturers had increased thrust on product development to capture larger share of the market. rnThe global home textiles market is estimated to be around US$70 billion and total world exports to be US$34.2 billion in 2006. The world trade had been witnessing an annual growth of 10% for past three years and was expected to touch US$50 billion in 2010.