Global Linen Market to see Rapid Growth by 2028

The global linen market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2022-2028). Linen is a textile or fabric that is made from the fibers of the flax plant. Linen is used to manufacturing several products including bed sheets, pillow covers, towels, and many others. The major factor attributing to the growth of the global linen market includes the growing textile industry. According to the Textile Industry report published by the India Brand Equity Foundation (IBEF) in February 2022, the textile industry of India is one of the oldest industries across the globe. The market size of the Indian textile industry was $29.8 billion in 2021 giving employment to around 4.5 crore workers. India produced 2.4 MT of fiber and 4,762 million kilograms of cotton yarn with recorded export of 1.13 million tonnes of cotton yarn in 2021. The textile industry of India is estimated to consistently grow and reach $209 billion by 2029. Thus, increasing the application of linen in the production of textile products.

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The application of linen is also increasing in hotels due to the growing travel and tourism industry of several countries including Europe, India, and others. According to the India Brand Equity Foundation (IBEF), India is ranked 10 among the 185 countries in terms of travel and tourism contributing 6.8% to Gross Domestic Product (GDP). The Indian tourism and hospitality industry is anticipated to reach $50.9 billion by 2028. Furthermore, the application of linen is also increasing due to several benefits offered by linen fabric. These benefits include breathable, more strength & durability, low environmental impact, natural insect repelling, luxurious in aesthetics, and many others. Thus, propelling the growth of the global linen market.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in August 2019, Bombay Dyeing announced the expansion of its business by opening 100 new franchise stores.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Product
By Application
By Sales Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-IKEA Systems B.V., Welspun Group, American Textile Co., Acton & Acton, and Beaumont & Brown, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Linen Market Report by Segment

By Product

Bed sheet
Pillow Cover
Bathrobes
Towel
Others

By Application

Hotel
Hospital
Home
Others

By Sales Channel

Online Stores
Retail Speciality Stores
Others

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This release was published on openPR.