Reports

Global Textile Market to Grow at a CAGR of 4.5% During 2022-2027, Aided by the Rising Demand for Protective Clothing in the Medical Field

Textile Market

Global Textile Market Analysis, Share, Trends, Forecast: By Material: Cotton, Chemical, Wool, Silk, Others; By Product Type: Natural Fibres, Polyester, Nylon, Others; By Application: Household, Technical, Fashion & Clothing, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Textile Market Outlook

The global textile market stood at a value of around USD 1143.91 billion in 2023. The market is further expected to grow at a CAGR of 4.5% in the forecast period of 2024-2032 to attain a value of around USD 1699.97 billion by 2032.

 

Global Textile Market

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Increasing Demand for Natural Fibres to Bolster the Growth of the Textile Industry

Based on product type, the natural fibres segment accounts for a significant share in the market and is likely to witness a significant growth in the forecast period. This can be attributed to the fact that clothes made of natural fibres are skin-friendly, comfortable, and environment-friendly. Over the forecast period, the rising awareness about the skin-friendly properties of the product is likely to bolster the market growth. Further, the market is expected to be aided by the changing consumer preference towards expensive and high-quality clothing. Meanwhile, the polyester segment is anticipated to gain traction in the forecast period, owing to the durability and lightweight of the product.

 

The Asia Pacific Accounts for a Significant Share in the Market

The textile industry in the Asia Pacific is expected to witness a significant growth, owing to the thriving fashion and clothing industry in countries like India, China, and Vietnam, among others. Over the forecast period, the growing trade agreements between various countries to support the textile sector is likely to aid the market in the region. For instance, in India, 100% foreign direct investment (FDI) is allowed in the textile sector. Further, the market is expected to be augmented by the growing demand for medical textiles, especially after the COVID-19 pandemic.

 

Textile: Market Segmentation

Textile can be defined as a type of cloth or woven fabric produced by spinning raw fibres into long and twisted lengths. It can also be defined as any material made up of interlacing fibres, including carpet, shirts, and others.

 

Global Textile Market by Segment

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Based on material, the market is divided into:

  • Cotton
  • Chemical
  • Wool
  • Silk
  • Others

On the basis of product type, the industry is segmented into:

  • Natural Fibres
  • Polyester
  • Nylon
  • Others

The market is categorised based on application into:

  • Household
    • Bedding
    • Kitchen
    • Upholstery
    • Towel
    • Others
  • Technical
    • Construction
    • Transport
    • Protective
    • Medical
    • Others
  • Fashion and Clothing
    • Apparel
    • Ties and Clothing Accessories
    • Handbags
    • Others
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Textile Market by Region

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Increasing Textile Applications in Various Industries to Boost the Growth of the Textile Industry

The global textile industry is driven by the rising applications of textiles in various sectors. The widespread usage of textiles across key end use industries like healthcare, defence, automobile, and others, is contributing to the market growth. The growing fashion and clothing industry in emerging economies, owing to the rising disposable income and increasing population, is likely to propel the demand for textiles. Furthermore, the market is anticipated to be bolstered by the increasing demand for technical textiles owing to the growth of the industrial sector, technological advancements, and increased innovations by key industry players. This is expected to aid the market growth in the forecast period.

 

Key Industry Players in the Global Textile Market

The report gives a detailed analysis of the following key players in the global textile market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BSL Limited
  • Lu Thai Textile Co., Ltd.
  • Paramount Textile Limited
  • Paulo de Oliveira, S.A.
  • Successori Reda SpA
  • Shandong Jining Ruyi Woolen Textile Co., Ltd.
  • Sinopec Yizheng Chemical Fibre LLC
  • 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.

 

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- Material, Product Type, Application, Region
Breakup by Material Cotton, Chemical, Wool, Silk, Others
Breakup by Product Type Natural Fibres, Polyester, Nylon, Others
Breakup by Application Household, Technical, Fashion and Clothing, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BSL Limited, Lu Thai Textile Co., Ltd., Paramount Textile Limited,
Paulo de Oliveira, S.A., Successori Reda SpA, Shandong Jining Ruyi Woolen
Textile Co., Ltd., Sinopec Yizheng Chemical Fibre LLC, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Textile Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Textile Historical Market (2018-2023) 
    8.3    Global Textile Market Forecast (2024-2032)
    8.4    Global Textile Market by Material
        8.4.1    Cotton
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Chemical
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Wool
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Silk
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Textile Market by Product Type
        8.5.1    Natural Fibres
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Polyester
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Nylon
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Textile Market by Application
        8.6.1    Household
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
            8.6.1.3    Breakup by Type
                8.6.1.3.1    Bedding
                    8.6.1.3.1.1    Historical Trend (2018-2023)
                    8.6.1.3.1.2    Forecast Trend (2024-2032)
                8.6.1.3.2    Kitchen
                    8.6.1.3.2.1    Historical Trend (2018-2023)
                    8.6.1.3.2.2    Forecast Trend (2024-2032)
                8.6.1.3.3    Upholstery
                    8.6.1.3.3.1    Historical Trend (2018-2023)
                    8.6.1.3.3.2    Forecast Trend (2024-2032)
                8.6.1.3.4    Towel
                    8.6.1.3.4.1    Historical Trend (2018-2023)
                    8.6.1.3.4.2    Forecast Trend (2024-2032)
                8.6.1.3.5    Others
        8.6.2    Technical
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
            8.6.2.3    Breakup by Type
                8.6.2.3.1    Construction
                    8.6.2.3.1.1    Historical Trend (2018-2023)
                    8.6.2.3.1.2    Forecast Trend (2024-2032)
                8.6.2.3.2    Transport
                    8.6.2.3.2.1    Historical Trend (2018-2023)
                    8.6.2.3.2.2    Forecast Trend (2024-2032)
                8.6.2.3.3    Protective
                    8.6.2.3.3.1    Historical Trend (2018-2023)
                    8.6.2.3.3.2    Forecast Trend (2024-2032)
                8.6.2.3.4    Medical
                    8.6.2.3.4.1    Historical Trend (2018-2023)
                    8.6.2.3.4.2    Forecast Trend (2024-2032)
                8.6.2.3.5    Others
        8.6.3    Fashion and Clothing
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
            8.6.3.3    Breakup by Type
                8.6.3.3.1    Apparel
                    8.6.3.3.1.1    Historical Trend (2018-2023)
                    8.6.3.3.1.2    Forecast Trend (2024-2032)
                8.6.3.3.2    Ties and Clothing Accessories
                    8.6.3.3.2.1    Historical Trend (2018-2023)
                    8.6.3.3.2.2    Forecast Trend (2024-2032)
                8.6.3.3.3    Handbags
                    8.6.3.3.3.1    Historical Trend (2018-2023)
                    8.6.3.3.3.2    Forecast Trend (2024-2032)
                8.6.3.3.4    Others
        8.6.4    Others
    8.7    Global Textile Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Textile Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Textile Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Textile Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Textile Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Textile Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code: 5903)
    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2     By Value
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18    Competitive  Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    BSL Limited
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Lu Thai Textile Co., Ltd.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Paramount Textile Limited
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Paulo de Oliveira, S.A.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Successori Reda SpA
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Shandong Jining Ruyi Woolen Textile Co., Ltd.
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Sinopec Yizheng Chemical Fibre LLC
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    Others
19    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Textile Market: Key Industry Highlights, 2018 and 2032
2.    Global Textile Historical Market: Breakup by Material (USD Billion), 2018-2023
3.    Global Textile Market Forecast: Breakup by Material (USD Billion), 2024-2032
4.    Global Textile Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5.    Global Textile Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6.    Global Textile Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Textile Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Textile Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Textile Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Textile Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Textile Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Textile Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Textile Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Textile Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Textile Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Textile Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Textile Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Textile Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Textile Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Major Importing Countries by Volume (2020)
21.    Major Exporting Countries by Volume (2020)
22.    Major Importing Countries by Value (2020)
23.    Major Exporting Countries by Value (2020)
24.    Global Textile Market Structure

Key Questions Answered in the Report

What was the global textile market size in 2023?

In 2023, the global textile market attained a value of nearly USD 1143.91 billion.

What is the growth rate of the market?

The market is estimated to grow at a CAGR of  4.5% between 2024 and 2032.

What are the major regional markets of the textile, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major industry drivers?

The major drivers of the market include the rising disposable income, growing population, growing expansion of major textile market players in the emerging economies, and the growing awareness about the advantages of the various textile products, such as natural fibres and polyester.

What are the key industry trends of the global textile market?

The rising applications of textiles in various sectors and the growing fashion and clothing industry are the key trends guiding the growth of the industry.

What are the major materials used in the textile industry?

Cotton, chemical, wool, and silk, among others are the major materials used in the textile industry.

What are the different product types?

Natural fibres, polyester, and nylon, among others are the different product types.

What are the significant applications of the textiles?

Household, technical, fashion and clothing, among others are the significant applications of the textiles.

Who are the key industry players, according to the report?

The major players in the industry are BSL Limited, Lu Thai Textile Co., Ltd., Paramount Textile Limited, Paulo de Oliveira, S.A., Successori Reda SpA, Shandong Jining Ruyi Woolen Textile Co., Ltd., and Sinopec Yizheng Chemical Fibre LLC, among others.

Analyst Review

The global textile market attained a value of USD 1143.91 billion in 2023, driven by the growing application of textile products in various industries. Aided by the growing population and growing fashion and clothing industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on material, the market is divided into cotton, chemical, wool, and silk, among others. On the basis of product type, the market is divided into natural fibres, polyester, and nylon, among others. The significant applications of the textiles include household, protective, fashion and clothing, among others. The major regional markets for textile are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BSL Limited, Lu Thai Textile Co., Ltd., Paramount Textile Limited, Paulo de Oliveira, S.A., Successori Reda SpA, Shandong Jining Ruyi Woolen Textile Co., Ltd., and Sinopec Yizheng Chemical Fibre LLC, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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