Written by Indonesia Garment Manufacturing Industry
The Indonesia garment manufacturing industry is expected to grow at a CAGR of 5.5% from 2023 to 2028, according to a new report by CRI Report. The growth of the industry is being driven by a number of factors, including:
- Increasing demand for apparel: The global apparel market is expected to grow at a CAGR of 4.3% from 2023 to 2028, driven by factors such as rising disposable incomes, growing urbanization, and changing consumer preferences.
- Growing investment in the industry: The Indonesian government is investing in the garment manufacturing industry to make the country a more attractive destination for foreign investment. The government is providing incentives such as tax breaks and subsidies to attract investors.
- Rising labor productivity: The productivity of garment workers in Indonesia is increasing due to factors such as better training and technology. This is making the industry more competitive.
The report, titled “Indonesia Garment Manufacturing Industry Research Report, 2023-2032,” identifies the major players in the industry, including PT Sritex, PT Delta Garmentindo, and PT Pan Brothers. The report also discusses the impact of the COVID-19 pandemic on the industry and the factors that are expected to drive the growth of the industry in the coming years.
The report also provides recommendations for businesses operating in the Indonesia garment manufacturing industry. These recommendations include:
- Investing in new technologies to improve productivity.
- Expanding into new markets.
- Diversifying product offerings.
- Building strong relationships with suppliers and buyers.
The report is available for purchase on our website: www.cri-report.com
Related: Southeast Asian Fertilizer Market to Grow at 5.4% CAGR from 2022 to 2028 | CRI Report