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New York - The global knitted fabrics market is estimated to be worth US$27.99 billion in 2023 with demand forecast to rise at a 5.1 per cent CAGR and reach US$46.03 billion by the end of 2033.

The latest figures can be found in a new report from Fact.MR which also notes that expansion of the apparel industry is predicted to drive growth opportunities in the global fabric market in the coming decade. The rising importance of knitted fabrics in the medical, manufacturing, construction, and automobile industries is also projected to boost market growth opportunities.

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