Global Textile Market Size, Share, Growth Analysis, By Raw-material(Cotton, Chemical), By Product(Natural fibers, Polyesters), By Application(Household, Technical)

Description

Global Textile Market size was valued at USD 1695.13 billion in 2022 and is poised to grow from USD 1823.96 billion in 2023 to USD 3277.28 billion by 2031, growing at a CAGR of 7.60% during the forecast period (2024-2031).

The projected period anticipates significant market growth driven by the fashion industry's increasing demand for garments and the rapid expansion of the e-commerce sector. The textile business, centered on design, production, and distribution of various flexible materials, spans a wide array of products including bedding, apparel, and accessories, crafted through techniques like weaving and crocheting. In North America, particularly the United States, a thriving market is expected owing to its status as a major producer and importer of textiles, fueled by the fast-changing fashion landscape and the rise of online fast fashion outlets. Technological advancements, such as smart textiles capable of reacting to diverse stimuli, are poised to propel the technical application segment forward. Moreover, the growing preference for sustainable products is prompting significant corporate restructuring within major textile companies, exemplified by initiatives like DuPont's plant-based faux fur and Eastman's innovative use of recycled materials. Consumer lifestyle trends, driven by marketing exposure and social media influence, continue to bolster the demand for fashionable clothing. Despite setbacks caused by the recent global pandemic, including supply chain disruptions and reduced demand due to lockdowns, the industry is expected to rebound strongly during the forecast period, supported by government interventions and increased public awareness of preventive measures.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Textile Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Textile Market Segmental Analysis

The global textile market is segmented on the basis of raw-material, product, application, and region. Based on raw-material, the market is segmented into cotton, chemical, wool, silk, and others. Based on product the market is segmented into natural fibers, polyesters, nylon, and others. Based on application, the market is segmented into Household, technical, fashion & clothing, and others. Based on region, the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Textile Market

The escalating global population alongside swift urbanization fuels the textile industry's demand, as urban migration surges. With a growing populace gravitating towards city life, the necessity for apparel, household textiles, and diverse textile goods amplifies, thereby catalyzing market expansion.

Restraints in the Global Textile Market

The global textile industry is characterized by fierce competition, featuring a multitude of manufacturers and suppliers vying for market share. This intense rivalry often translates into pricing challenges and diminished profit margins, particularly for standardized textile offerings where differentiation is limited.

Market Trends of the Global Textile Market

The rising interest in sustainable and eco-friendly textiles stems from heightened consumer consciousness regarding the environmental repercussions of the industry. Consumers are increasingly opting for textiles crafted from organic fibers, recycled materials, and using low-impact dyes, driving the demand for such products. In response, manufacturers are embracing sustainable practices, initiating recycling programs, and introducing a range of eco-friendly textile alternatives to meet this growing demand.

Product Code: SQMIG25M2022

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Textile Market by Raw-material

Market Overview
Cotton
Chemical
Wool
Silk
and Others

Global Textile Market by Product

Market Overview
Natural fibers
Polyesters
Nylon
and Others

Global Textile Market by Application

Market Overview
Household
Technical
Fashion & Clothing
and Others

Global Textile Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

BSL Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
INVISTA S.R.L.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lu Thai Textile Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Paramount Textile Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Paulo de Oliveira, S.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Successori REDA S.p.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shandong Jining Ruyi Woolen Textile Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shandong Demian Incorporated Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shijiazhuang Changshan Textile Co., Ltd
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Weiqiao Textile Company Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
DBL Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
B.D. Textile Mills Pvt. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
IBENA Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Heytex Bramsche GmbH
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bahariye AS
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fratelli Balli S.p.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
A°pekiA Mensucat Turk A.A
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lakhmi Woollen Mills
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Wilh. Wulfing GmbH & Co. KG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lanificio F.lli Cerruti
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ozlem KumaA?, Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Trabaldo Togna S.p.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Yunsa Yunlu Sanayi ve Ticaret A.A?.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Xinhui Woollen Textile Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
O'Formula Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Wuxi Xiexin Group Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Bombay Dyeing & Mfg. Co., Ltd
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Huafu Top Dyed Melange Yarn Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mayur Fabrics
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Solvay S.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sinopec Yizheng Chemical Fibre Company Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Li & Fung Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
JCT Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Textile Market Size, Share, Growth Analysis, By Raw-material(Cotton, Chemical), By Product(Natural fibers, Polyesters), By Application(Household, Technical) - Industry Forecast 2023-2030