MarkWide Research

All our reports can be tailored to meet our clients’ specific requirements, including segments, key players and major regions,etc.

Global Textile market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2025-2034

Global Textile market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2025-2034

Published Date: May, 2025
Base Year: 2024
Delivery Format: PDF+Excel, PPT
Historical Year: 2018-2023
No of Pages: 263
Forecast Year: 2025-2034
Category

ย  ย  Corporate User Licenseย 

Unlimited User Access, Post-Sale Support, Free Updates, Reports in English & Major Languages, and more

$3450

The global textile market is a dynamic and rapidly evolving industry that plays a significant role in various sectors, including fashion, home furnishings, and industrial applications. Textiles are fabrics or materials produced through weaving, knitting, or other techniques, and they find extensive use in clothing, upholstery, technical textiles, and more.

The textile market encompasses a wide range of products, including natural fibers like cotton, wool, and silk, as well as synthetic fibers such as polyester, nylon, and acrylic. These fibers are transformed into fabrics and textiles through various manufacturing processes, including spinning, weaving, knitting, and finishing. The market also includes a range of related products such as dyes, chemicals, machinery, and accessories.

Executive Summary

The global textile market has experienced steady growth in recent years, driven by factors such as increasing consumer demand for apparel and home textiles, technological advancements in textile manufacturing, and the growing popularity of sustainable and eco-friendly textiles. The market is highly competitive and fragmented, with numerous players operating at both regional and global levels.

Global Textile market Key Players

Important Note: The companies listed in the image above are for reference only. The final study will cover 18โ€“20 key players in this market, and the list can be adjusted based on our clientโ€™s requirements.

Key Market Insights

  • Growing Demand: The global textile market is witnessing a rising demand for textiles due to population growth, urbanization, and changing fashion trends. The increasing disposable income of consumers in emerging economies has further fueled the demand for textiles.
  • Technological Advancements: Advancements in textile manufacturing technologies, such as automated production processes, digital printing, and smart textiles, have revolutionized the industry. These innovations have enhanced efficiency, quality, and customization capabilities.
  • Sustainable Textiles: Environmental concerns and consumer awareness about sustainability have prompted the adoption of eco-friendly textiles. The market has seen an increased focus on organic, recycled, and biodegradable fibers and processes.
  • E-commerce Boom: The rapid growth of e-commerce platforms has significantly impacted the textile market. Online retail channels have expanded the market reach for textile manufacturers, allowing them to cater to a global customer base.

Market Drivers

The global textile market is driven by various factors, including:

  • Fashion Trends: The ever-changing fashion industry influences the demand for textiles. Consumer preferences for new designs, colors, and patterns drive the market growth.
  • Increasing Population: The global population growth, particularly in emerging economies, leads to higher demand for clothing and textiles. The rising middle-class population in these regions has further contributed to market expansion.
  • Industrial Applications: Textiles find extensive use in industries such as automotive, healthcare, construction, and sports. The growing industrial sector drives the demand for technical textiles, reinforcing the market growth.

Market Restraints

Despite the positive growth trajectory, the textile market faces certain challenges, including:

  • Environmental Concerns: The textile industry has been associated with environmental pollution, water consumption, and waste generation. Strict regulations and the need for sustainable practices pose challenges to market players.
  • Fluctuating Raw Material Prices: The volatility in raw material prices, especially natural fibers like cotton and silk, affects the profitability of textile manufacturers. Price fluctuations impact the overall cost of production and can hamper market growth.

Market Opportunities

The textile market presents several opportunities for industry players:

  • Emerging Markets: Rapidly growing economies, particularly in Asia-Pacific and Latin America, offer significant growth potential for textile companies. These regions have a large consumer base and rising disposable income.
  • Technological Innovations: Continued research and development in textile manufacturing technologies, such as 3D printing, nanotechnology, and smart textiles, present new opportunities for product innovation and market expansion.
  • Sustainable Practices: Embracing sustainable manufacturing processes, adopting eco-friendly fibers, and promoting circular economy principles can help textile companies tap into the growing market for sustainable textiles.

Market Dynamics

The global textile market is characterized by intense competition, rapid technological advancements, and changing consumer preferences. The market dynamics include:

  • Intense Competition: The textile industry is highly competitive, with numerous players vying for market share. Manufacturers focus on product innovation, pricing strategies, and efficient supply chain management to stay competitive.
  • Shifting Consumer Preferences: Consumer preferences are constantly evolving, driven by factors such as fashion trends, sustainability, and comfort. Textile companies need to adapt and cater to changing consumer demands.
  • Supply Chain Complexities: The textile industry has complex and globalized supply chains, involving various stages from raw material sourcing to manufacturing and distribution. Efficient supply chain management is crucial to ensure timely delivery and cost-effectiveness.

Regional Analysis

The global textile market can be analyzed based on regional segments:

  • North America: The North American textile market is driven by the demand for technical textiles, including protective clothing, medical textiles, and automotive textiles. The region also witnesses a growing demand for sustainable and eco-friendly textiles.
  • Europe: Europe has a well-established textile industry known for high-quality fabrics, luxury brands, and fashion houses. The region focuses on sustainable manufacturing practices and the use of organic and recycled fibers.
  • Asia-Pacific: Asia-Pacific dominates the global textile market, fueled by the presence of major textile manufacturing countries such as China, India, and Bangladesh. The region benefits from low labor costs, abundant raw materials, and a large consumer base.
  • Latin America: Latin America is an emerging textile market with a growing apparel and textile industry. The region is known for its production of natural fibers, including cotton and wool.
  • Middle East and Africa: The Middle East and Africa region is witnessing increased textile production, driven by investments in manufacturing infrastructure and the rising demand for textiles from the hospitality and healthcare sectors.

Competitive Landscape

Leading companies in the Global Textile market:

  1. China Textile (Shenzhen) Co., Ltd.
  2. Toray Industries, Inc.
  3. Indorama Ventures Public Company Limited
  4. Shandong Ruyi Technology Group Co., Ltd.
  5. Lenzing AG
  6. Invista
  7. Lu Thai Textile Co., Ltd.
  8. Far Eastern New Century Corporation
  9. Sinopec Yizheng Chemical Fiber Company Limited
  10. Huvis Corporation

Please note: This is a preliminary list; the final study will feature 18โ€“20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The textile market can be segmented based on various factors:

  • Fiber Type: Natural fibers (cotton, silk, wool, etc.) and synthetic fibers (polyester, nylon, acrylic, etc.)
  • Application: Clothing, home textiles, technical textiles, industrial textiles, and others
  • End-user Industry: Fashion and apparel, automotive, healthcare, sports and leisure, and others

Category-wise Insights

  1. Clothing: The clothing segment dominates the textile market, driven by the global demand for apparel and fashion products. Changing fashion trends, increased disposable income, and e-commerce growth contribute to the segment’s growth.
  2. Home Textiles: Home textiles include products such as bed linens, towels, curtains, and upholstery fabrics. The growing focus on home dรฉcor, interior design, and comfort drives the demand for home textiles.
  3. Technical Textiles: Technical textiles are specialized fabrics used in industries such as automotive, aerospace, construction, and healthcare. The demand for technical textiles is driven by their functional properties, including durability, strength, fire resistance, and thermal insulation.

Key Benefits for Industry Participants and Stakeholders

The textile market offers several benefits for industry participants and stakeholders:

  • Revenue Generation: The growing global demand for textiles presents revenue generation opportunities for manufacturers, suppliers, and retailers.
  • Innovation and Differentiation: Textile companies can differentiate themselves through innovative products, technologies, and sustainable practices, gaining a competitive edge in the market.
  • Market Expansion: Entering new markets and regions, particularly emerging economies, allows textile companies to tap into untapped consumer bases and expand their market presence.

SWOT Analysis

A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis of the global textile market reveals:

  • Strengths: Strong market demand, technological advancements, diverse product range, and established supply chains.
  • Weaknesses: Environmental concerns, price volatility of raw materials, and competition from low-cost manufacturing countries.
  • Opportunities: Emerging markets, sustainable textiles, technological innovations, and e-commerce growth.
  • Threats: Strict regulations, changing consumer preferences, and economic fluctuations impacting consumer spending.

Market Key Trends

Several key trends are shaping the textile market:

  • Sustainable Practices: Increasing consumer awareness and environmental concerns have led to a shift towards sustainable textiles, organic fibers, and eco-friendly manufacturing processes.
  • Digitalization: The adoption of digital technologies, such as digital printing, 3D modeling, and virtual prototyping, is transforming textile design, production, and supply chain management.
  • Customization and Personalization: Consumer demand for personalized products and unique designs is driving the trend of customization in the textile industry. Companies are offering customization options to cater to individual preferences.

Covid-19 Impact

The textile industry faced significant disruptions due to the COVID-19 pandemic. The global lockdowns, restrictions on movement, and economic uncertainties led to a decline in consumer spending on apparel and textiles. Manufacturing and supply chain disruptions also affected the industry. However, as restrictions eased, there has been a gradual recovery, with increased focus on e-commerce and the demand for protective textiles.

Key Industry Developments

Recent developments in the textile market include:

  • Introduction of Sustainable Fibers: Textile companies are increasingly adopting sustainable fibers, such as recycled polyester, organic cotton, and regenerated cellulose fibers, to meet the demand for eco-friendly textiles.
  • Technological Advancements: Digital printing, 3D knitting, and smart textiles have gained traction, enabling improved design capabilities, customization, and functional properties in textiles.
  • Circular Economy Initiatives: Textile manufacturers are embracing circular economy principles, promoting recycling, upcycling, and waste reduction to minimize environmental impact and create a more sustainable industry.

Analyst Suggestions

Based on the analysis of the textile market, the following suggestions can be made:

  • Embrace Sustainability: Textile companies should prioritize sustainable practices, including the use of eco-friendly fibers, efficient resource management, and responsible manufacturing processes.
  • Invest in Research and Development: Continued investment in research and development is crucial to drive innovation, develop new products, and improve manufacturing technologies.
  • Strengthen Supply Chain Resilience: Textile companies should focus on building robust and resilient supply chains to mitigate risks and ensure uninterrupted production and delivery.

Future Outlook

The global textile market is expected to witness steady growth in the coming years. Factors such as population growth, urbanization, rising disposable income, and technological advancements will continue to drive the market. The demand for sustainable textiles, customization options, and digitalization are expected to shape the future of the industry. However, the market will also face challenges related to environmental regulations, raw material prices, and changing consumer preferences.

Conclusion

The global textile market is a vibrant and competitive industry that encompasses a wide range of products and applications. The market is driven by factors such as fashion trends, population growth, industrial demand, and sustainability considerations. To thrive in this market, industry participants should focus on innovation, sustainability, supply chain efficiency, and catering to evolving consumer preferences. With the right strategies and a keen understanding of market dynamics, companies can capitalize on the opportunities and navigate the challenges to achieve growth and success in the global textile market.

Global Textile market

Segmentation Details Description
Product Type Cotton, Wool, Silk, Synthetic Fibers
End User Apparel, Home Textiles, Industrial, Automotive
Application Fashion, Upholstery, Technical Textiles, Medical
Distribution Channel Online Retail, Wholesale, Direct Sales, Supermarkets

Leading companies in the Global Textile market:

  1. China Textile (Shenzhen) Co., Ltd.
  2. Toray Industries, Inc.
  3. Indorama Ventures Public Company Limited
  4. Shandong Ruyi Technology Group Co., Ltd.
  5. Lenzing AG
  6. Invista
  7. Lu Thai Textile Co., Ltd.
  8. Far Eastern New Century Corporation
  9. Sinopec Yizheng Chemical Fiber Company Limited
  10. Huvis Corporation

Please note: This is a preliminary list; the final study will feature 18โ€“20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

North America
o US
o Canada
o Mexico

Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

What This Study Covers

  • โœ” Which are the key companies currently operating in the market?
  • โœ” Which company currently holds the largest share of the market?
  • โœ” What are the major factors driving market growth?
  • โœ” What challenges and restraints are limiting the market?
  • โœ” What opportunities are available for existing players and new entrants?
  • โœ” What are the latest trends and innovations shaping the market?
  • โœ” What is the current market size and what are the projected growth rates?
  • โœ” How is the market segmented, and what are the growth prospects of each segment?
  • โœ” Which regions are leading the market, and which are expected to grow fastest?
  • โœ” What is the forecast outlook of the market over the next few years?
  • โœ” How is customer demand evolving within the market?
  • โœ” What role do technological advancements and product innovations play in this industry?
  • โœ” What strategic initiatives are key players adopting to stay competitive?
  • โœ” How has the competitive landscape evolved in recent years?
  • โœ” What are the critical success factors for companies to sustain in this market?

Why Choose MWR ?

Trusted by Global Leaders
Fortune 500 companies, SMEs, and top institutions rely on MWRโ€™s insights to make informed decisions and drive growth.

ISO & IAF Certified
Our certifications reflect a commitment to accuracy, reliability, and high-quality market intelligence trusted worldwide.

Customized Insights
Every report is tailored to your business, offering actionable recommendations to boost growth and competitiveness.

Multi-Language Support
Final reports are delivered in English and major global languages including French, German, Spanish, Italian, Portuguese, Chinese, Japanese, Korean, Arabic, Russian, and more.

Unlimited User Access
Corporate License offers unrestricted access for your entire organization at no extra cost.

Free Company Inclusion
We add 3โ€“4 extra companies of your choice for more relevant competitive analysis โ€” free of charge.

Post-Sale Assistance
Dedicated account managers provide unlimited support, handling queries and customization even after delivery.

Client Associated with us

QUICK connect

GET A FREE SAMPLE REPORT

This free sample study provides a complete overview of the report, including executive summary, market segments, competitive analysis, country level analysis and more.

ISO AND IAF CERTIFIED

Client Testimonials

GET A FREE SAMPLE REPORT

This free sample study provides a complete overview of the report, including executive summary, market segments, competitive analysis, country level analysis and more.

ISO AND IAF CERTIFIED

error: Content is protected !!
Scroll to Top

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF
This website is safe and your personal information will be secured. Privacy Policy
Customize This Study
This website is safe and your personal information will be secured. Privacy Policy
Speak to Analyst
This website is safe and your personal information will be secured. Privacy Policy

Download Free Sample PDF