MESCHAIN is an industry revolutionary blockchain project. Today we will discuss its success story also about market capitalization. Also all updates from beginning to end plus how Meschain can capture the global textile and garments industry. We will discuss it in detail.
Global Apparel and Textile Market Size
The global textile market size is projected to reach USD 1.23 trillion by 2025 expanding at a CAGR of 4.24%. Population growth, rising disposable income levels, and rapid urbanization in developing countries like China, India, and Mexico are likely to boost the product demand. Moreover, the increasing number of supermarkets and retail outlets in these countries is expected to drive the demand further.
The textile mills market primarily includes yarns and fabrics. The market size is estimated based on the value of domestic production plus imports minus exports, all valued at manufacturer prices.
The value of the global textile mills market totaled $748.1 billion in 2016 (around 83.7% were fabrics and 16.3% were yarns), up 3.5% from a year earlier. The compound annual growth rate of the market was 2.7% between 2012 and 2015. The Asia-Pacific region accounted for 59.6% of the global textile mills market value in 2016 (up from 54.6% in 2015), Europe and the United States accounted for a further 19.1% and 10.8 of the market respectively.
The global textile mills market is forecast to reach $961.0 billion in value in 2021, an increase of 28.5% since 2016. The compound annual growth rate of the market between 2016 and 2021 is forecast to be 5.1%.
Apparel manufacturing market
The apparel manufacturing market covers all clothing except leather, footwear, and knitted items as well as other technical, household, and made-up products. The market size is estimated based on the value of domestic production plus imports minus exports, all valued at manufacturer prices.
The value of the global apparel manufacturing market totaled $785.9 billion in 2016, up 3.3% from a year earlier. The compound annual growth rate of the market was 4.4% between 2012 and 2016. The Asia-Pacific region accounted for 61% of the market value in 2016 and Europe accounted for a further 15.2% of the market.
The global apparel manufacturing market is forecast to reach $992 billion in value in 2021, an increase of 26.2% since 2016. The compound annual growth rate of the market during the is forecast to be 4.8%.
Apparel retail market
The apparel retail industry consists of the sale of all menswear, womenswear, and childrenswear. The market value is calculated at retail selling price (RSP) and includes all taxes and duties.
The value of the global apparel retail market totaled $1,414.1 billion in 2017 (52.6% womenswear, 31.3% menswear and 16.1% childrenswear), up 4.9% from a year earlier. The compound annual growth rate of the market was 4.4% between 2013 and 2017. The Asia-Pacific region accounted for 37.1% of the global apparel retail market in 2017 (up from 36.8% in 2015), followed by Europe (28.5%) and the United States (23.6%).
The global apparel retail market is forecast to reach $1,834 billion in value in 2022, an increase of 29.7% since 2017. The compound annual growth rate of the market between 2017 and 2022 is forecast to be 5.3%.
Data source: MarketLine (2018).
Meschain Future Market Size
Meschain ended its ICO 2 months ago. Meschain total coin supply is 7B and based on Exchange price its market cap is $1,313,699.10. And based on circulating supply total Meschain supply 775,481,125 MES and in Dollar $145,535.56. So If you calculate the global market cap of the textile industry which will be 1.23 Trillion by 2025. So Now the price per MES is $ 0.000188. If Within 2022 our price reaches $0.01 our market cap will be $70000000. That means we can capture 0.00005691056% of the Global textile industry market and We will capture the top 100 projects in the crypto industry.
If you take a look at the meschain ICO price which was 70 gew. And we recently reach 141 gew its almost 100.01% ROI to their Investors. In 2019 936 ICO launched and 279 IEO launched. 98 Percent of them give less than 10–20% ROI and 88 Percent of them give negative ROI to their Investors. Where Meschain raised only 450 Eth and gave 100%+ ROI to their Investors. Isn’t it a big success for this team?
Meschain Biggest Success Story and Achievements
Meschain Partnership With some of the leading companies Like Seed Venture, Perhalic, Bitrolounge.
Meschain partnership with World top 20 crypto Exchange Vindax and Cointiger.
Meschain takes Global top Marketing Adviser Mofassair Hossain on Board.
Meschain is Developing its Meschain software for the Textile industry.
Meschain Listed on Coinmarketcap.
Meschain added on Blockfolio which is one of the most popular portfolios trackers in the world and so on.
Meschain Team is one of the most hardworking teams in this Market who think about investors and maintain everything properly and ensure investors ROI.Meschain Latest UpdatesMESCHAIN ANNOUNCES SUCCESSFUL INITIAL COIN OFFERINGmedium.com
For more information visit
? Website — Visit Site (https://meschain.io/)
? Whitepaper — Read Whitepaper (https://meschain.io/wp-content/uploads/2019/10/MES-WP-EN-V2.pdf)
? Telegram — Join Group (https://t.me/MesChain_English)
? Telegram — Join Channel (https://t.me/Meschain_announcements)
? Twitter — View Twitter Account (https://twitter.com/MeschainMES)
? Facebook — Visit Company Page (https://www.facebook.com/MesChainproject)
? Reddit — Visit Reddit Page (https://www.reddit.com/user/MesChain)
? Medium — Visit Medium Page (https://medium.com/@meschain)