Among the COVID affected industries, Textile and Clothing is some of the worst affected. Calendar Year 2020 (Jan-Apr) has witnessed contraction in the international trade of more than 20%. At the same time, some product categories have seen unprecedented demand. One such category is textile based PPE. This product group has recorded month on month growth of 26% in Mar’20 and a whopping 439% Apr’20.
With people gearing up for a social life with COVID, it is only prudent to estimate that the PPE segment will keep on clocking off-the-charts growth in the coming months.