Textile Market Size, Share, Growth Report 2022 - 2030

According to Ameco Research, the global Textile Market size is expected to grow a CAGR above 4.4% over the projected timeframe and reach a market value of around USD 1,520 billion by 2030.

The textile industry is prospering and developing at incredible speeds in today's world. The primary goal of the textiles or garment industry is to create and manufacture modern stylish fabrics, yarn, garment, fiber, and apparel, as well as trade and distribute them. They have chosen some of the worlds most well-known and respectable textile manufacturers. They can be classified by country to learn more about the global textile industry. Suppliers from the United States, China, the United Kingdom, the United Arab Emirates, Canada, South Africa, and other Asian countries dominate the textile and fabric sector. Suppliers and exporters of raw fiber materials from the global textile industry, including yarn manufacturers, textile machinery traders, garment merchants and wholesalers, and so on.

Textile is a versatile material that can be created in numerous ways, including weaving, knitting, crocheting, and felting. These materials are widely utilized in the manufacture of a variety of polished items, including furniture, bedding, transportation, kitchen, construction, healthcare, safety clothes, apparel, handbags, and fashion accessories. Textile is a soft and flexible material made of artificial or organic fibers. These yarns are made from raw fibers such as cotton, wool, and other materials. Knitting, crocheting, weaving, and knotting or tatting are all textile-making techniques.

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Global Textile Market Growth Aspects

Significant expansion in the apparel sector around the world is one of the primary drivers driving the market's favorable outlook. Furthermore, extensive use of nylon as a low-cost substitute for real silk in the production of long-lasting parachutes, flak vests, and dress textiles. Wool is also becoming more popular as good insulating material in winter apparel, comforters, blankets, carpets, and upholstery. These fabrics, as well as polypropylene (PP), polyethylene (PE), aramid, and polyamide, are often used to wrap heavy equipment to reduce noise and protect it from vibrations. A wide range of product advancements, including the development of optical fibers and composite materials responsive to mechanical, physical, thermal, ele-thermal, electrical, and chemical stimulation, are also helping to drive market growth. Other factors, such as expanding consumer buying power and growing preference for ecologically friendly and sustainable textile products, are likely to propel the industry ahead.

Increasing consumer knowledge and awareness, combined with rapidly changing newest fashion, are likely to drive market growth. The emergence of e-commerce networks that facilitate the distribution and marketing of many sorts of textile-related items is also expected to boost the economy for textile-related products, hence enhancing market growth.

Shifting Focus on Non-woven Fabrics

The rising birth population and an aging population have increased the demand for hygiene items such as newborn diapers, sanitary products, and geriatric incontinence goods, which are likely to boost demand for non-woven materials. Nonwovens are utilized in road building as geotextiles to boost road resilience. Nonwovens' low maintenance costs are projected to drive consumption in building applications. The global automotive and transportation industries' favorable outlook is projected to drive growth in the non-woven fabric market during the forecast period.

Major Players

Some key players covered global in the Textile industry are BSL Limited, Sinopec Yizheng Chemical Fibre Company Limited, Lu Thai Textile Co., Ltd., Paulo de Oliveira, S.A., Shandong Jining Ruyi Woolen Textile Co. Ltd., Rhodia SA, Successori REDA S.p.A., China textiles Ltd., Li & Fung Group, Paramount Textile Limited, INVISTA S.R.L., and Modern Woollens Ltd.

Market Segmentation

The global textile market segmentation by Ameco Research based on raw material, and product. Based on the raw material, the market is divided into cotton, wool, chemical, silk, and others. Based on the product, the market separated into natural fibers, nylon, polyesters, and others.
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Regional Overview

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global textile market. Asia-Pacific is expected to have the largest market share in 2021 due to increased sales volumes of clothing and garment items. Furthermore, the existence of a large number of clients purchasing clothing and related accessories on e-commerce platforms in developing nations is adding to the regional industry's positive growth. Increased traditional and online retail penetration, rising disposable income levels, favorable demographics, and favorable government policies are also expected to drive the Asia-Pacific market, particularly in India, Bangladesh, and Pakistan. Increasing international treaties between countries to boost the textile sector are projected to assist the region's market during the forecast period.

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