Textile Market Size, Share, Demand, Leading Companies and Future Trends to 2023-2028

The latest report published by IMARC Group, titled "Textile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the 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.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/textile-market/requestsample

Textile Market Trends and Drivers:

Rapid changes in fashion trends encourage consumers to purchase new clothing more frequently, represents one of the key factors driving the growth of the market across the globe. A growing global population naturally expands the customer base for textiles, which necessitates higher production. Innovations in textile manufacturing, such as 3D knitting and eco-friendly production processes, are enhancing efficiency and appeal to environmentally conscious consumers. Developing nations are becoming significant textile consumers due to rising income levels and urbanization, while also serving as key production hubs due to their lower labor costs. Online shopping platforms are making textiles more accessible to a wider audience, which enables easy and quick consumption, thus fueling the market growth. The growing demand for sustainable and ethical textiles, due to rising consumer awareness and regulatory pressures is leading to an increased market for organic and recycled textiles. The development of textiles with specialized functions for use in industries such as automotive, healthcare, and construction is creating a positive outlook for the market across the globe.

Key Market Segmentation:

The report has segmented the global textile market based on raw material, product, application and region.

Breakup by Raw Material:

Cotton

Chemical

Wool

Silk

Others

Breakup by Product:

Natural Fibers

Polyesters

Nylon

Others

Breakup by Application:

Household

Technical

Fashion and Clothing

Others

Breakup by Region:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Competitive Landscape With Key Players:

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

Some of these key players include:

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.

Ask Analyst for Customized Report: 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

SWOT Analysis

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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Website: https://www.imarcgroup.com/

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.