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Textile Market 2023-2028 | Size (US$ 1,268 Billion), Growth, Industry Trends, Top Companies and Global Report
Textile 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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/textile-market/requestsample
What is Textile?
A textile is a flexible material made from a network of natural or artificial fibers, often referred to as yarn or thread. It is created through various processes including weaving, knitting, crocheting, or felting. Natural fibers are derived from plants, animals, or mineral sources, whereas artificial or synthetic fibers are primarily manufactured from petrochemicals. Textiles are an integral part of human life, serving a multitude of applications, from clothing and home furnishings to industrial and technical uses. The industry itself encompasses a broad spectrum, including the cultivation and processing of raw materials, yarn production, fabric manufacturing, dyeing and finishing, and garment manufacturing. The value chain extends even further to include fashion design, retail, and end-use consumption. As a major global industry, textiles consist of significant economic, social, and environmental impacts. They play a critical role in the world's economies, providing jobs, influencing consumer trends, and contributing to global trade dynamics.
What Are the Growth Prospects and Trends in the Textile?
The increasing demand for textile products in the apparel industry represents one of the key factors driving the growth of the global textile market. This is primarily attributed to the rising consumer income, changing lifestyle trends, and increasing global population which are boosting the growth of the market. In line with this, the growing fashion consciousness among consumers and the fast-fashion model are further fueling the growth of the market. The market is also driven by rising home furnishing due to rapid urbanization, growing disposable income, and rising interest in home decor. In addition to this, the emerging trends in technical textiles for industries, such as healthcare, construction, and transportation are influencing the growth of the market. These textiles offer superior functionality, durability, and adaptability, creating substantial market opportunities. Apart from this, advances in technology, particularly in sustainable production and smart textiles, are playing a pivotal role in transforming the textile industry which is contributing to the growth of the market. Innovations in fiber production, digital printing, and textile recycling are enhancing efficiency, reducing environmental impacts, and meeting consumer demand for sustainable and ethical fashion which is fueling the growth of the market.
Moreover, the shift towards e-commerce is reshaping the dynamics of the textile industry. The rapid growth of online shopping platforms, influenced by the convenience of shopping from home, a wide array of choices, and competitive prices, is encouraging textile manufacturers and retailers to develop robust digital strategies. The industry is also observing a gradual transition towards eco-friendly textiles. Furthermore, the increasing awareness and concern about the environmental impact of textile production and disposal are pushing manufacturers and consumers towards sustainable textiles. The advent of bio-based and recycled fibers, along with the adoption of cleaner production methods, signifies this growing emphasis on sustainability. This shift, alongside the demand for transparency and traceability in supply chains, is creating a positive outlook for the market across the globe.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: 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.
โข Aditya Birla Ltd.
โข Arvind Limited
โข Asahi Kasei Corporation
โข BSL Limited
โข China Petroleum & Chemical Corporation
โข DuPont de Nemours Inc.
โข Honeywell International Inc.
โข INVISTA (Koch Industries Inc.)
โข Paramount Textile Mills (P) Ltd
โข 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:
โข Cotton
โข Chemical
โข Wool
โข Silk
โข Others
Analysed by Product:
โข Natural Fibers
โข Polyesters
โข Nylon
โข Others
Based on Application:
โข Household
โข Technical
โข Fashion and Clothing
โข Others
Regional Analysis:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.imarcgroup.com/request?type=report&id=3728&flag=C
Key Highlights of the Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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.
Contact Us:
IMARC Group
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USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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