Textile Market 2023-2028 | Size (US$ 1,268 Billion), Growth, Industry Trends, Top Companies and Global Report

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?

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.

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)

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: 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.