Please find attached the Market Analysis that has been elaborated by the members of the Consortium within the European Project EuroBoosTEX in which ATEVAL participates.
The aim of this report is to provide a detailed analysis of the European textile industry and its recovery after the economic upset followed by the covid-19 pandemic in 2020. The document focuses on how to incorporate and promote the uptake of sectoral innovation to improve the resilience of European companies and make them better prepared to face the changes or disruptions in the textile value chain, overcoming the hurdles brought by the pandemic.
Firstly, the study provides a general introduction of the TC sector with details about the European state-of-the-art. A specific paragraph is dedicated to the analysis of how Covid19 affected the sector and to monitor if companies have or not recovered from the economic damages.
The second part of the document is dedicated to the European twin transition. This chapter focuses on the two main topics regarding the green and digital industrial conversion and its connection with the the EU Sustainable Textiles Strategy. Both concepts will be analysed and the strategic option of these economic conversion will be exploited too.
Moreover, for what concerns TC sector, EU recognized the crucial role of this specific industrial sector. Indeed, one of the EU missions is to enhance sustainable textiles and a more efficient EU textile industry. This means improving the green and digital skills of the workforce, but also it requires the implementation of a circular economy for a necessary transition to a low-carbon European economy, as part of the EU Sustainable Textiles Strategy.
The final section collects inputs directly from European Companies and Experts. In this sense, companies have been asked to fill a survey to explore their specific needs and priorities to overcome past and future challenges. The results have been merged with the contributions of experts to have a 360° view to focus on gaps and future challenges. The results of the survey will be analysed and discussed to make some infers and drawing some conclusions.
The final purpose of this Market Study is to verify if the activities foreseen within EuroBoosTEX project are in line with what companies really need and provide them customized solutions. The main goal of the EuroBoosTEX project is to foster a new competitive business model in the European textile sector. The focus is mainly on up-skilling and re-skilling tools in green and digital technologies for textile ecosystem, but also financial assistance to support research and innovation; with the final aim to boost cross-regional and international cooperation in Europe to grasp or create new and fruitful business opportunities.
Download the full report here.