Indian Textile and Apparel Industry to Reach US$ 344.1 Billion by 2027

According to IMARC Group's latest research report, titled "Indian Textile and Apparel Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The Indian Textile and Apparel Market reached a value of US$ 151.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 344.1 Billion by 2027, exhibiting a CAGR of 14.8% during 2022-2027. Textile and apparel include materials that are manufactured utilizing fibers and filaments of natural, artificial or combination sources. They are generally produced by interlocking the yarns by knitting, felting, and weaving fabrics and yarns in specific patterns. They are mainly available in artificial and natural forms, wherein the natural textiles include jute, denim, leather, velvet, cotton, silk, flannel, hemp, wool, and linen. On the other hand, artificial textiles comprise acetate, acrylic, spandex, nylon, polyester, polar fleece, and rayon. In India, they are widely utilized in the manufacturing of apparel, insulating and cushioning materials, air filters, carpets, and coated fabrics due to the abundant availability of raw materials.

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Industry Trends:

The Indian market is majorly driven by the significant growth of the textile sector. With the fast-changing fashion trends on account of the escalating number of fashion companies and the rising popularity of social media, this is impelling the demand for textiles and apparel across the country. Along with this, the widespread adoption of nylon as a cost-effective substitute for natural silk and the shifting consumer preference for wool as an effective insulation material are also impacting the market growth. Moreover, the emergence of smart textiles produced using metals, conductive polymers, and optical fibers to interact with the environment and the growing consumer preference for sustainable products is creating a positive market outlook. Some of the other factors driving the market include rapid industrialization and continuous improvements in the e-commerce infrastructure.

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Key Market Segmentation:

Breakup by Application:

• Clothing Textiles
• Technical Textiles
• Fashion Textiles
• Home-Decor Textiles
• Other Textiles

Breakup by Raw Material:

• Natural Fibres
• Man-Made Fibres

Breakup by Product Type:

• Yarn
• Fabric
• Fibre
• Others

Breakup by State:

• Maharashtra
• Uttar Pradesh
• Tamil Nadu
• Gujarat
• Karnataka
• Others

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

TOC for the Indian Textile and Apparel Market Research Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Indian Textile and Apparel Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

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