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.
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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.
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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.
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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 byMaterial | Cotton,Chemical,Wool,Silk,Others |
| Breakup byProduct Type | Natural Fibres,Polyester,Nylon,Others |
| Breakup byApplication | 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
As an expert in the field of textiles, I bring a wealth of knowledge and experience to shed light on the intricate details of the global textile market. With a keen eye for industry trends and a deep understanding of market dynamics, I'll provide you with insights that go beyond the surface.
Global Textile Market Overview: The global textile market, valued at approximately USD 1143.91 billion in 2023, is poised for substantial growth with a projected Compound Annual Growth Rate (CAGR) of 4.5% in the forecast period from 2024 to 2032. By 2032, the market is expected to reach a value of around USD 1699.97 billion.
Increasing Demand for Natural Fibres: The market dynamics are influenced by the rising demand for natural fibers, such as cotton, owing to their skin-friendly, comfortable, and eco-friendly properties. This trend is expected to gain momentum over the forecast period due to increased awareness of the benefits of natural fibers. Additionally, changing consumer preferences towards high-quality and expensive clothing contribute to the growth. Meanwhile, the polyester segment is anticipated to grow, driven by its durability and lightweight attributes.
Asia Pacific Dominance: The Asia Pacific region holds a significant share in the textile market, driven by the flourishing fashion and clothing industry in countries like India, China, and Vietnam. The region's market is further boosted by growing trade agreements and foreign direct investment (FDI) support in countries like India. The demand for medical textiles has also surged post the COVID-19 pandemic, adding to the market's expansion.
Textile Market Segmentation: The market is segmented based on material, product type, and application:
- Material: Cotton, Chemical, Wool, Silk, Others
- Product Type: Natural Fibres, Polyester, Nylon, Others
- Application: Household (Bedding, Kitchen, Upholstery, Towel, Others), Technical (Construction, Transport, Protective, Medical, Others), Fashion and Clothing (Apparel, Ties and Clothing Accessories, Handbags, Others)
Increasing Textile Applications: The global textile industry is witnessing growth due to its expanding applications across various sectors, including healthcare, defense, automobile, and more. The industry benefits from the increasing demand for textiles in emerging economies driven by rising disposable incomes and growing populations. The demand for technical textiles is also on the rise, thanks to industrial sector growth, technological advancements, and innovations by key industry players.
Key Industry Players: The market report highlights key players in the global textile market, such as 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, and others. The report provides a detailed analysis of their competitive landscape, capacity, and recent developments.
Market Analysis and Reports: The comprehensive market analysis covers historical and forecast trends, industry drivers and constraints, segmentation based on material, product type, application, and region. The report utilizes tools such as SWOT analysis and Porter's five forces model to provide an in-depth assessment of the market.
In conclusion, the global textile market is on a trajectory of substantial growth, driven by factors such as the demand for natural fibers, the dominance of the Asia Pacific region, and the expanding applications of textiles across various industries. As an expert, I stand ready to delve deeper into any specific aspect of the textile market or address further inquiries.
