The global textile market size is anticipated to reach USD 3,047.24 billion by 2030, registering a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. The rising consumer awareness levels coupled with rapidly changing trends in the fashion industry are projected to drive market growth. The rise in the e-commerce platforms that support sales and distribution of different types of products manufactured by the textile industry is also expected to drive the demand for textile-related products, thereby augmenting the market growth. In addition, stringent regulations to ensure labor or worker safety in various application industries are propelling the demand for Personal Protective Equipment (PPE), which requires wool or treated cotton as a raw material.
This, in turn, will boost the market further. In addition, technological advancements and the employment of a large number of skilled and unskilled labor involved in the product manufacturing from materials, such as natural fibers, polyesters, nylon, and others, are acting as a growth driving factor for the global market. Furthermore, the increasing concerns regarding the environment are also fueling the demand for sustainable and natural fibers, such as cotton, hemp, linen, silk, and others, which, in turn, is adding growth prospects to the overall market. The cotton raw material segment is expected to grow at a significant CAGR, in terms of volume, over the forecast period. This growth can be attributed to the high production and availability of cotton across various prominent regions including North America, Europe, and Asia Pacific.
Request a free sample copy or view report summary: Textile Market Report
Textile Market Report Highlights
In 2023, the fashion application segment accounted for the maximum revenue share and is likely to ascend at a significant CAGR during the forecast period
Rapidly changing fashion trends coupled with the demand for high-quality apparel in sports activities is likely to boost the segment growth
In 2023, Asia Pacific emerged as the largest regional market owing to the presence of large raw material-producing countries, such as China, India, Australia, and Japan
Prominent players in the market are establishing business units in the raw material-producing regions for easy procurement as well as low-cost labor
Moreover, supportive government policies, such as trade agreements and investment within the countries, are expected to influence the market
Access Press Release @ https://www.grandviewresearch.com/press-release/global-textile-market
Textile Market Segmentation
Grand View Research has segmented the global textile market report on the basis of material, product, application, and region:
Raw-material Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)
Cotton
Chemical
Wool
Silk
Others
Product Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)
Natural fibers
Polyesters
Nylon
Others
Application Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)
Household
Bedding
Kitchen
Upholstery
Towel
others
Technical
Construction
Transport
Medical
Protective
Fashion Clothing
Apparel
Ties Clothing accessories
Handbags
Others
Others
Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Turkey
Russia
Asia Pacific
China
India
Japan
Australia
Central South America
Brazil
Middle East Africa
Saudi Arabia
Iran
List of Key Players in Textile Market
BSL Limited
INVISTA S.R.L.
Lu Thai Textile Co., Ltd.
Paramount Textile Limited
Paulo de Oliveira, S.A.
Successori REDA S.p.A.
Shadong Jining Ruyi Woolen Textile Co. Ltd.
Shandong Demian Incorporated Company
Shijiazhuang Changshan Textile Co., Ltd
Weiqiao Textile Company Limited
DBL Group
B.D. Textile Mills Pvt. Ltd.
IBENA Inc.
Heytex Bramsche GmbH
Bahariye AS
Fratelli Balli S.p.A.
Ipekis Mensucat Türk A.S
Lakhmi Woollen Mills
Wilh. Wülfing GmbH Co. KG
Lanificio F.lli Cerruti
Özlem Kumas, Ltd.
Trabaldo Togna S.p.A.
Yünsa Yünlü Sanayi ve Ticaret A.S.
Xinhui Woollen Textile Co., Ltd.
O'Formula Co., Ltd.
Wuxi Xiexin Group Co., Ltd.
The Bombay Dyeing Mfg. Co., Ltd
Huafu Top Dyed Melange Yarn Co., Ltd.
Mayur Fabrics
Solvay S.A.
Sinopec Yizheng Chemical Fibre Company Limited
Li Fung Group
JCT Limited
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
