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South Korea Home Textile Market Size, Share, Trends, Analysis: By Product: Bed Linen, Bath Linen, Kitchen Linen, Carpet and Floor Covering, Upholstery Covering; By Material: Polyester, Cotton, Silk, Wool, Others; By Distribution Channel: Supermarkets and Hypermarkets, Speciality Stores, Online, Others; Competitive Landscape; 2024-2032
South Korea Home Textile Market Outlook
The South Korea home textile market size is estimated to grow at a CAGR of 5.7% during 2024-2032. The major drivers supporting the market expansion include rapid urbanisation, rising disposable incomes of the working population, and increasing investments in home décor products.
Key Trends in the South Korea Home Textile Market
Home textile refers to textiles that are used to furnish houses and enhance the visual appeal of a space. Some common home textile products are carpets, rugs, floor coverings, curtains, and cushions, among other materials. Home textiles can be made of both natural and man-made fibres.
- South Korea's Gross National Disposable Income was approximately 559,317.600 KRW bn in June 2023, an increase from 540,185.900 KRW bn in March 2023. A rise in disposable incomes, surging purchasing power, evolving spending habits, and growing investments in improving the aesthetics and comfortability of homes are driving the South Korea home textile market growth.
- With growing environmental consciousness and increasing focus by homeowners to reduce their carbon footprints, the demand for sustainably sourced and manufactured home textiles is increasing. Hence manufacturers are using eco-friendly raw materials like organic cotton, recycled polyester, cellular fibres, and hemp, among others, as well as green manufacturing practices to create home textiles while minimising waste, reducing harmful emissions, and conserving energy.
Increasing attempts to promote a circular economy, repurposing, and upcycling of home textiles to minimise resource consumption and waste are further fuelling the South Korea home textile market demand.
- Increasing research and development (R&D) activities to develop innovative home textile products that are naturally repellent to mould and dirt, durable, moisture-wicking, breathable, heat-responsible, and antibacterial and hypoallergic are expected to propel the market growth in the forecast period.
South Korea Home Textile Market Segmentation
On the basis of product, the market is divided into bed linen, bath linen, kitchen linen, carpet and floor covering, and upholstery covering. Based on material, the market is divided into polyester, cotton, silk, and wool, among others. On the basis of distribution channel, the market is divided into supermarkets and hypermarkets, speciality stores, and online, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea home textile market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Inter IKEA Systems B.V.
- Kolon Industries, Inc
- Hyundai Livart Furniture Co., Ltd.
- Bogwang I&T Co., Ltd.
- Industria de Diseno Textil SA
- Allermant Co., Ltd.
- Evejari Co., Ltd
- Texview Corp.
- Songhwa Indeco
- Others
South Korea Home Textile Market Share by Product
Bed linens account for a significant portion of the South Korea home textile market share due to increasing disposable income and high standard of living of the working population. Bed linens, including bedsheets, pillowcases, mattress covers, and bed skirts, among others, are not just used for utility purposes but also for aesthetical needs.
High-quality bed linens are essential to ensure a comfortable sleeping temperature, regulate skin-air exchange, and improve overall anxiety by reducing anxiety and stress. They are also used for enhancing interiors of homes, as a decorated home can promote relaxation, productivity, creativity, and social interactions.
South Korea Home Textile Market Share by Distribution Channel
As per the South Korea home textile market analysis, sales of home textiles from online channels is surging due to their convenience, availability of a wide range of products, greater access, and time-saving nature.
Benefits such as easy order placement and door-step delivery of goods are also increasing the demand of products like bedspreads, duvets, and linen from online channels. Moreover, online websites provide better deals to customers through discounts, coupon codes, free shipping, free gifts, and other added features, boosting sales of home textiles.
Competitive Landscapes
Inter IKEA Systems B.V. is a global home furnishing brand. It was founded in 1943 and is headquartered in the Netherlands. The company deals in numerous home utility products, including furniture, beds and mattresses, kitchen and appliances, and others. Additionally, the company facilitates a wide range of services, including purchase, transportation and assembling of its products.
Songhwa Indeco is a bedding speciality brand started in 2008. The company is expanding its business beyond domestic borders and incorporating products that are eco-friendly. The company’s bedding products include unique features, such as natural dyes, microfiber fabrics, natural cotton, and microfiber duvet.
Kolon Industries, Inc. was established in 1957 and is headquartered in Seoul, South Korea. The company focuses on four major business divisions, including industrial materials, chemicals, film/electronic materials, and shooter. The company organised a climate change response committee to respond to climate change at home and abroad in 2009.
Other South Korea home textile market players are Hyundai Livart Furniture Co., Ltd., Bogwang I&T Co., Ltd., Industria de Diseno Textil SA, Allermant Co., Ltd., Evejari Co., Ltd, and Texview Corp., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Material |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Home Textile Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Home Textile Historical Market (2018-2023)
8.3 Asia Pacific Home Textile Market Forecast (2024-2032)
8.4 Asia Pacific Home Textile Market Breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 South Korea
8.4.7 Others
9 South Korea Home Textile Market Overview
9.1 Key Industry Highlights
9.2 South Korea Home Textile Historical Market (2018-2023)
9.3 South Korea Home Textile Market Forecast (2024-2032)
10 South Korea Home Textile Market by Product
10.1 Bed Linen
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Bath Linen
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Kitchen Linen
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Carpet and Floor Covering
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Upholstery Covering
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
11 South Korea Home Textile Market by Material
11.1 Polyester
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cotton
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Silk
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Wool
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 South Korea Home Textile Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Speciality Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code – 5702, 6302)
14.1 Major Exporting Countries
14.1.1 By Value
14.1.2 By Volume
14.2 Major Importing Countries
14.2.1 By Value
14.2.2 By Volume
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Inter IKEA Systems B.V.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Kolon Industries, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Hyundai Livart Furniture Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bogwang I&T Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Industria de Diseno Textil SA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Allermant Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Evejari Co., Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Texview Corp.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Songhwa Indeco
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Home Textile Market: Key Industry Highlights, 2018 and 2032
2. South Korea Home Textile Market: Key Industry Highlights, 2018 and 2032
3. South Korea Home Textile Historical Market: Breakup by Product (USD Million), 2018-2023
4. South Korea Home Textile Market Forecast: Breakup by Product (USD Million), 2024-2032
5. South Korea Home Textile Historical Market: Breakup by Material (USD Million), 2018-2023
6. South Korea Home Textile Market Forecast: Breakup by Material (USD Million), 2024-2032
7. South Korea Home Textile Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. South Korea Home Textile Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Major Exporting Countries by Value
10. Major Importing Countries by Value
11. Major Exporting Countries by Volume
12. Major Importing Countries by Volume
13. South Korea Home Textile Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.7% between 2024 and 2032.
The market is being driven by the increased use of home textiles for utility and aesthetic purposes and the development of innovative home textiles.
The key trends aiding the market expansion include the increase in disposable income, the growing demand for premium goods, and increase in the use of eco-friendly and non-toxic materials for crafting home textiles.
The major products in market are bed linen, bath linen, kitchen linen, carpet and floor covering, and upholstery covering.
The major materials used in home textiles are polyester, cotton, silk, and wool, among others.
The major distribution channels of home textile are supermarkets and hypermarkets, speciality stores, and online, among others.
The major players in the market are Inter IKEA Systems B.V., Kolon Industries, Inc, Hyundai Livart Furniture Co., Ltd., Bogwang I&T Co., Ltd., Industria de Diseno Textil SA, Allermant Co., Ltd., Evejari Co., Ltd, Texview Corp., and Songhwa Indeco, among others.
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