1. Introduction

The apparel and garment industry is one of the most important industries in the world. It is a

multibillion-dollar industry and employs millions of people around the world. The industry is

also a major contributor to the economies of many countries.

The industry has been growing steadily over the past few years and is expected to continue to

grow in the future. The industry is expected to grow at a compound annual growth rate (CAGR)

of 3.5% between 2018 and 2025.

The industry is expected to reach a value of US$ 3 trillion by 2025. The growth of the industry

is being driven by factors such as the growing population, the increasing disposable incomes,

the changing lifestyles, and the growing number of women in the workforce.

2. Country Selection

The countries that have been selected for this report are Sri Lanka, the United Arab Emirates,

Turkey, and Australia. These countries have been selected based on their economic

conditions and their potential for growth in the apparel and garment industry.

Sri Lanka is a lower-middle-income country with a GDP per capita of US$ 3,890. The country

has a population of 21.4 million and an annual growth rate of 3.1%. The country's apparel and

garment industry is the second largest in the world and employs over 1 million people. The

country is a major exporter of apparel and garments to the US, the EU, and Canada.

The United Arab Emirates is a upper-middle-income country with a GDP per capita of US$

37,660. The country has a population of 9.8 million and an annual growth rate of 2.4%. The

country's apparel and garment industry is the fourth largest in the world and employs over

200,000 people. The country is a major exporter of apparel and garments to the US, the EU,

and Japan.

Turkey is an upper-middle-income country with a GDP per capita of US$ 10,860. The country

has a population of 82.0 million and an annual growth rate of 2.6%. The country's apparel and

garment industry is the fifth largest in the world and employs over 1.3 million people. The

country is a major exporter of apparel and garments to the US, the EU, and Russia.

Australia is a high-income country with a GDP per capita of US$ 51,860. The country has a

population of 25.2 million and an annual growth rate of 1.8%. The country's apparel and

garment industry is the sixth largest in the world and employs over 200,000 people. The

country is a major exporter of apparel and garments to the US, the EU, and Japan.

3. Canadian company selected

The Canadian company that has been selected for this report is Gildan Activewear Inc.

Gildan is a leading international marketer and manufacturer of branded casual wear, activewear

and socks. The company sells its products under a diversified portfolio of Company-owned

brands, including the Gildan, Anvil, Comfort Colors, Gildan Hammer, Gold Toe,

Secret, Silks and Kushyfoot brands.

Gildan has over 46,000 employees worldwide and operates in more than 30 countries. The

company has manufacturing facilities in the United States, Canada, Mexico, Honduras,

Dominican Republic, Guatemala and Bangladesh.

4. Core strength and especially its relevance and financial viability

Gildan's core strength is its vertically integrated business model. The company is one of the

few companies in the world that is vertically integrated in the apparel and garment industry.

The company has a diversified product portfolio and a strong brand portfolio. The company's

brands are well-known and respected in the industry. The company has a strong financial

position and is well-positioned for growth.

5. Post COVID-19 recovery

The global apparel and garment industry is expected to recover from the COVID-19 pandemic

in 2021. The industry is expected to grow at a compound annual growth rate (CAGR) of 3.5%

between 2020 and 2025.

The industry is expected to reach a value of US$ 3 trillion by 2025. The growth of the industry

is being driven by factors such as the growing population, the increasing disposable incomes,

the changing lifestyles, and the growing number of women in the workforce.

6. Assignment projections

The following are the projections for the apparel and garment industry in the selected

countries:

Sri Lanka: The apparel and garment industry is expected to grow at a compound annual

growth rate (CAGR) of 5.0% between 2020 and 2025.

The United Arab Emirates: The apparel and garment industry is expected to grow at a

compound annual growth rate (CAGR) of 4.0% between 2020 and 2025.

Turkey: The apparel and garment industry is expected to grow at a compound annual

growth rate (CAGR) of 4.5% between 2020 and 2025.

Australia: The apparel and garment industry is expected to grow at a compound annual

growth rate (CAGR) of 3.5% between 2020 and 2025.

Explanation:

1. The opening statement

One of the most important economic sectors on a global scale is the textile, clothing, and accessory manufacturing business. It is a

industry that is worth many billions of dollars and provides work for millions of people all over the globe. The market is dominated by

also a significant factor in the economic development of a great number of nations.

Over the course of the last several years, the market has seen consistent expansion, and analysts anticipate that this trend will continue.

develop in the years to come. It is anticipated that the industry would develop at a compound annual growth rate (CAGR)

in the years 2018 and 2025, amounting to 3.5 percent.

By the year 2025, it is anticipated that the market would be worth three trillion dollars US. The continued expansion of the sector

is being fueled by a number of causes like the expanding global population, rising levels of household disposable income, etc.

lifestyle shifts, as well as an increase in the proportion of working women, are driving these changes.

2. The Choice of Countries

The nations of Sri Lanka, the United Arab Emirates, and Qatar have been chosen to be profiled in this article.

Turkey and Australia are also included. These nations were chosen for consideration on the basis of their economic

the current circumstances in the clothing and garment sector, in addition to their potential for expansion.

With a gross domestic product (GDP) per capita of $3,890 US dollars, Sri Lanka is classified as a lower-middle income nation. The landmass in question

has a population that is now 21.4 million and is expanding at a pace of 3.1 percent per year. The textiles and clothing of the nation

Over one million people are employed in the clothing sector, making it the second biggest industry in the world. The

Colombia is a significant supplier of clothes and garments to markets in the United States, the European Union, and Canada.

The United Arab Emirates is a nation with an upper-middle income, as shown by its per-capita gross domestic product of US$

37,660. The nation's population now stands at 9.8 million people and is expanding at a pace of 2.4 percent per year. The

approximately one million people are employed in the country's clothing and garment sector, which ranks as the fourth biggest in the world.

200,000 persons. The United States of America, the European Union, and other markets are significant buyers of clothes and garments from this nation.

and Japan.

With a gross domestic product (GDP) per capita of $10,860 in US dollars, Turkey is an upper-middle income nation. The landmass in question

has a population that is now 82.0 million and is growing at a pace of 2.6 percent per year. The textiles and clothing of the nation

Over 1.3 million people are employed in the clothing business, making it the sixth biggest industry in the world. The

Pakistan is a significant supplier of clothes and garments to markets in the United States, the European Union, and Russia.

With a gross domestic product (GDP) per citizen of US$51,860, Australia is a high-income nation. The nation possesses a

with a population of 25.2 million and a growth rate of 1.8 percent per year, the country is experiencing rapid expansion. The textiles and clothing of the nation

Over 200,000 people are employed in the clothing sector, which ranks as the sixth biggest in the world. The

Colombia is a significant supplier of clothes and garments to markets in the United States, the European Union, and Japan.

3. A business from Canada was chosen

Gildan Activewear Inc., based in Canada, was chosen to be profiled in this research due to its prominence in the industry.

Gildan is the foremost marketer and producer of branded athletic and casual wear on a worldwide scale.

and socks. The firm markets its goods via a varied portfolio of company-owned and third-party retail outlets.

names, including as Gildan, Anvil, Comfort Colors, Gildan HammerTM, Gold Toe, and a host of others

There are brands known as Secret, Silks, and Kushyfoot.

Gildan is a global company with operations in more than 30 countries and employs more than 46,000 people all over the globe. The

manufacturing plants are located in a variety of countries, including the United States, Canada, Mexico, and Honduras.

Dominican Republic, Guatemala, and Bangladesh are the countries in question.

4. Centrifugal force, in particular with regard to its pertinence and economic viability

The vertically integrated business model is Gildan's primary source of competitive advantage. The business is among the top.

There are just a few of firms throughout the globe that can claim to be vertically integrated in the textile and clothing sector.

The corporation has both a robust brand portfolio as well as a product portfolio that is diverse. The organization's

The market is familiar with and appreciative of the brands in question. The corporation has a solid financial position.

position and is in an excellent position for further expansion.

5. recuperation after COVID-19

After the pandemic caused by COVID-19, it is anticipated that the worldwide clothing and garment sector would recover.

in 2021. It is anticipated that the market would expand at a compound annual growth rate (CAGR) of 3.5 percent over the next several years.

between 2020 to 2025.

By the year 2025, it is anticipated that the market would be worth three trillion dollars US. The continued expansion of the sector

is being fueled by a number of causes like the expanding global population, rising levels of household disposable income, etc.

lifestyle shifts, as well as an increase in the proportion of working women, are driving these changes.

6. Assignment projections

The forecasts for the clothing and garment sector in the chosen countries are as follows:

countries:

It is anticipated that the clothing and garment sector in Sri Lanka will expand at a compound annual rate of

a compound annual growth rate (CAGR) of 5% between the years 2020 and 2025.

The United Arab Emirates: It is anticipated that the textile and garment sector would expand at a.

During the years 2020 and 2025, a compound annual growth rate (CAGR) of 4.0 percent is expected.

Turkey: It is anticipated that the clothing and garment sector would increase at a compound annual rate of

A compound annual growth rate (CAGR) of 4.5 percent for the years 2020 and 2025 is projected.

It is anticipated that the clothing and garment sector in Australia will expand at a compound annual rate of

A compound annual growth rate (CAGR) of 3.5 percent for the years 2020 and 2025 is projected.