Textile Market Size, Industry Trends, Size, Growth Factors, Key Players and Analysis 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "𝐓𝐞𝐱𝐭𝐢𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the global textile market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

𝐇𝐨𝐰 𝐁𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐓𝐞𝐱𝐭𝐢𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭?

The global textile market size reached US$ 985 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,268 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/textile-market/requestsample

What is Textile?

Textile refers to any material that is made through the process of weaving, knitting, crocheting, or felting fibers together. It is a broad term that encompasses various types of fabrics and materials used in clothing, household textiles, industrial applications, and more. Textiles are generated from natural fibers, like wool, cotton, linen, and silk, as well as synthetic fibers, such as nylon, acrylic, and polyester. These fibers undergo various processes to create yarn or thread, which is then woven, knitted, or otherwise manipulated to form the fabric. Textiles can also incorporate blends of different fibers to achieve desired properties. Textiles have diverse applications in our daily lives. They are used in clothing, ranging from everyday wear to specialized garments for different purposes like sportswear, formal attire, or protective clothing. Household textiles include bedding, towels, curtains, upholstery, and carpets, among others. Textiles also play a significant role in industries such as automotive, aerospace, healthcare, and agriculture. The textile industry is characterized by its global nature, with production and trade occurring worldwide. It involves various stages, from fiber production and textile manufacturing to dyeing, finishing, and distribution. The industry employs a vast workforce, including farmers, spinners, weavers, designers, manufacturers, and retailers.

What Are the Growth Prospects and Trends in the Textile?

The rising need for clothing, home textiles, and other textile products represents a significant factor driving the growth of the global textile market. This is primarily attributed to the increasing population base and rapid urbanization, particularly in developing countries, which is boosting the growth of the market. In line with this, the rising demand for fashionable, stylish, and trendy clothing is driving the production and consumption of textiles, which is contributing to the growth of the market. Moreover, changing fashion preferences and the desire for customization and personalization are influencing the growth of the market. The market is also driven by the rise in e-commerce and online retail platforms, along with the increasing demand for convenience and accessibility of online shopping. This is further expanding the consumer base and opening new markets for textile manufacturers and retailers, which is driving the market growth. In addition to this, significant technological advancements in textile manufacturing processes, such as automation, digital printing, and innovative fabric technologies are facilitating the growth of the market. These advancements are leading to increased efficiency, cost-effectiveness, and the development of new textile products with enhanced performance characteristics which is fueling the market growth. Apart from this, government policies and trade agreements related to textiles, such as import/export regulations, tariffs, and free trade agreements, are propelling the growth of the market. These policies are influencing production costs, trade flows, and market competitiveness which is boosting the market growth. Moreover, the increasing disposable income levels, and the rising awareness regarding sustainability and environmental concerns, are some of the other factors creating a positive outlook for the market across the globe.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=3728&method=1

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who Are the Key Players Operating in the Textile Industry?

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• Aditya Birla Ltd.
• Arvind Limited
• Asahi Kasei Corporation
• BSL Limited
• China Petroleum & Chemical Corporation
• DuPont de Nemours Inc.
• Honeywell International Inc.
• INVISTA (Koch Industries Inc.)
• Paramount Textile Mills (P) Ltd
• Solvay and Toray Industries Inc.

What is Included in Market Segmentation?

The report has categorized the market based on raw material, product and application.

Breakup by Raw Material:
• Cotton
• Chemical
• Wool
• Silk
• Others

Analysed by Product:
• Natural Fibers
• Polyesters
• Nylon
• Others

Based on Application:
• Household
• Technical
• Fashion and Clothing
• Others

Regional Analysis:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐨𝐜 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=3728&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.