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The global textile market size attained a value of USD 987.95 billion in 2023. The market is expected to grow at a CAGR of 3.6% between 2024 and 2032, reaching almost USD 1,354.27 billion by 2032.
Consumers are looking for unique, personalised products that align with their ideas, preferences, and values. As a result, the textile sector is adopting trends such as customisation and personalisation. Innovative technological advancements such as 3D printing, digital textile printing, and computer-aided design (CAD) are allowing manufacturers to produce fabrics upon demand, according to customer requirements. This further minimizes the waste produced by the production units.
Some of the factors driving the textile market growth are the growing fashion clothing market, demand for customised products, sustainability in production processes, and adoption of technical textiles.
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Rising demand for technical textiles, fashion clothing, and availability of low-cost labour in Asia are factors propelling the textile market development
Date | Company | Event |
September 2023 | Toray Industries, Inc. | Toray launched two items, namely, LIVMOA™ 4300AS and LIVMOA™ 1000AS, as part of its LIVMOA™ series of comfortable, single-use protective clothing. |
September 2022 | Südwolle Group | Südwolle Group launched its Spring/Summer 2025 yarn collection for weaving and circular knitting. The new collection comprises 4 themes Natural, biodegradable or recycled fibre blends intended for crepe and crinkled fabrics. |
September 2023 | Yibin Grace | Chinese textile producer Yibin Grace collaborated with Renewcell to produce Man-Made Cellulosic Fibre (MMCF) that contains 50% Circulose pulp, derived from recycled textiles. |
July 2023 | Laguna Fabrics | Laguna Fabrics, a leading circular knitting mill collaborated with Lenzing AG and Hyosung to introduce the Natural Selection Collection, a line of eco-friendly fabrics made with Tencel Lyocell and creora bio-based spandex fibre. |
Trends | Impact |
Low-cost labour in the Asian region | The abundant availability of low-wage labour and raw materials, as well as good quality textiles at cost-effective prices in Asia, gives the region a competitive advantage. |
Expansion of the fast-fashion market | The growing trend of fast fashion especially in the United States of America, Europe, India, and China, driven by the rapid expansion of the internet and social media is driving greater requirements for textiles and fabrics. |
Adoption of smart textiles | Technological advancements such as smart textiles are gaining popularity in sectors such as sports. Smart textiles embedded with sensors, and conductive fibres enable interaction with the wearer and the surrounding environment, allowing athletes to perform better. |
Digital transformation in the textile sector | The textile sector is experiencing digital transformation with the adoption of artificial intelligence, machine learning, and the Internet of Things (IoT). Factories equipped with advanced machinery and automation systems are improving productivity, reducing waste, and enhancing quality. |
The rapid industrialisation in developed and developing countries and the adoption of computerised methods of textile production drive textile market growth, especially in the United States, the European Union, and the Asia Pacific.
The fastest-growing Asian textile markets include China and India. While China is the leading producer and exporter of both raw textiles and garments, India is positioned among the top five textile manufacturing countries, globally. The success of Asian markets is due to the abundant availability of low-wage labour and raw materials. As a result, developed economies are increasingly importing textiles from Asia or outsourcing manufacturing to meet their textile needs.
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Global Textile Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup | Categories |
Raw Material | Cotton, Chemical, Wool, Silk, Others |
Product Type | Natural Fibres, Polyester, Nylon, Others |
Application | Household, Technical, Fashion and Clothing, Others |
Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Household is further divided into bedding, kitchen, upholstery, towel, and others whereas technical segment is categorised into construction, transport, protective, medical, and others. Additionally, fashion and clothing are divided into apparel, ties and clothing accessories, handbags, and others.
Wool is expected to hold a significant textile market share as it is widely used in producing winter wear
The wool segment accounts for a prominent share of the textile market. Wool’s impressive thermo-regulating and insulation properties drive its use in winter wear. Wool acts as an insulator and is widely consumed to produce home furnishings, such as carpets and rugs that essentially keep homes warm during winter. Australian sheep flock is largely Merino and a vast majority of this high-quality wool finds use in premium apparel and fashion garments.
As per the textile market analysis, cotton is among the most widely used textile fibres globally. Around 75% of the clothing products manufactured worldwide contain some amount of cotton. Cotton is a versatile material that finds application in different clothing, including denim, sarees, and home furnishing, as well as for making ropes and thick yarns.
Silk’s lightweight nature, shiny appearance, and luxurious feel support its popularity in the textile market. Additionally, silk is comfortable to wear in summer owing to its high absorbance quality, while its low conductivity makes it suitable for winter climates. China dominates the silk market as the largest producer and supplier of silk in the world.
According to the textile market report, chemical materials, like polyester are cost-effective textile materials. They are usually blended with cotton to improve their shrinkage, durability, and wrinkling profile. Polyester fabric is highly resistant to environmental conditions, which makes it ideal for long-term outdoor use.
Figure: Top 10 Cotton Producing Countries in the World, 2022 (Tons)
Country | Production (Tons) |
China | 6,423,000 |
India | 6,162,000 |
United States of America | 3,181,000 |
Brazil | 2,341,000 |
Pakistan | 980,000 |
Uzbekistan | 762,000 |
Turkey | 631,000 |
Australia | 610,000 |
Benin | 316,000 |
Greece | 305,000 |
Polyester is expected to hold a significant textile market share owing to its rising use in technical textile production
According to textile market insights, polyester’s remarkable durability, lightweight nature, and resistance to wrinkling make it well-suited for applications within the domain of clothing and textile manufacturing.
Additionally, polyester’s affordability, long life, flexibility, strength, moisture resistance, and ease of maintenance are driving its use in technical textiles, including upholstered furniture for households, dielectric films and film insulation for the electrical sector, and safety belts for automobiles.
Natural fibres include fabrics like cotton, silk, linen, hemp, modal, banana, and bamboo, among others. These fibres are low-cost, lightweight textile materials that are renewable and biodegradable. With a growing focus on sustainable fashion, natural fibres are rising in importance to help consumers replace non-biodegradable synthetic materials, there by impacting the textile market growth.
The studies on the development of more sustainable types of nylon are increasing, globally. Manufacturers are focussing on developing plant-based nylon. For instance, in April 2023, Lululemon, a Canadian athleticwear brand launched its first line of plant-based nylon shirts in collaboration with biotechnology company Geno. The launch was aimed at helping the company achieve its goal of selling 100% sustainable products by 2030.
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Companies distinguish themselves by utilising high-quality raw materials, building strong customer relationships and partnerships, and increasingly emphasizing sustainability.
Company Name | Year Founded | Headquarters | Products/Services |
BSL Ltd. | 1970 | Kolkata, India | Suiting, drapery, upholstery, made-ups, luxury silk fabrics, polyviscose, poly-wool, vortex, and cotton. |
Lu Thai Textile Co., Limited | 1990 | Shandong, China | Yarns and fabrics of cotton fibre, silk, wool, chemical fibre and other materials. |
Paulo De Oliveira S.A. | 1936 | Covilhã, Portugal | Formal wear fabrics, sportive fabrics, event and ceremony fabrics, technical fabrics, etc. |
Successori Reda S.p.A. | 1865 | Valdilana, Italy | Pure wool fabrics, Merino wool fabrics, active fabrics, etc. |
Other key players in the textile market report include Shandong Ruyi Woolen Garment Group Co., Ltd. And Toray Industries, Inc., among others.
Asia Pacific is a prominent region for textile production due to its low-cost labour and raw material availability
Asia is termed as the garment factory of the world, with China, India, Bangladesh, and Vietnam leading in the textile manufacturing sector. The low production costs and labour in the region are intensifying investments in the textile market. Asia Pacific is witnessing a significant demand for high-value fabrics such as viscose, silk, and hemp and home textiles.
In North America, the USA is a leading country engaged in textile research and development, pioneering advancements such as conductive fabrics with antistatic properties, electronic textiles for health monitoring, antimicrobial fibres, and adaptive climate-responsive fabrics. The United States textile market supplies over 8,000 different textile products to the country’s military. These include uniforms, protective clothing, parachutes, socks, gloves, sandbags, blankets, and hospital supplies.
According to the textile market, the European market specialises in the production of intermediate textile products, such as technical fibres and high-quality fabrics. France’s textile market is a well-established and mature market, with a large number of companies manufacturing yarns, fabrics and textiles for clothing, furniture and technical use. According to the Data Privacy Framework (DPF) Program, apparel comprises 43.9% of the French textile market's total value, followed by fabrics around 30%.
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 Raw Material |
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Region |
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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 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 Raw 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 Paulo de Oliveira, S.A.
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 Successori Reda SpA
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 Shandong Ruyi Woolen Garment Group Co., Ltd.
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 Toray Industries, Inc.
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
18.2.8 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
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. Global Textile Market Structure
In 2023, the global textile market attained a value of nearly USD 987.95 billion.
The market is expected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 1,354.27 billion by 2032.
Textile is a flexible material composed of a network of natural or artificial fibres, called yarn.
Prato is considered to be one of the largest industrial districts in Italy, the largest textile centre in Europe, and an important centre for the production of woolen yarns and fabrics, globally.
The major drivers of the market are the expansion of major textile market players in emerging economies, the rising demand for technical textiles, and a growing fast-fashion sector.
The key trends propelling the market growth include rising applications of textiles in various sectors and the growing fashion and clothing sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different product types included in the market report are natural fibres, polyester, and nylon, among others.
The major players in the market are BSL Limited, Lu Thai Textile Co., Ltd., Paulo de Oliveira, S.A., Successori Reda SpA, Shandong Ruyi Woolen Garment Group Co., Ltd., and Toray Industries, Inc., among others.
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