Textiles Market worth $2.56 trillion by 2030, growing at a CAGR of 7.35% - Exclusive Report by 360iResearch

The "Textiles Market by Raw Material (Chemical, Cotton, Silk), Product Type (Natural Fibers, Nylon, Polyesters), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Textiles Market to grow from USD 1.56 trillion in 2023 to USD 2.56 trillion by 2030, at a CAGR of 7.35%.

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The textile market encompasses the production, distribution, and consumption of natural and synthetic fibers used in the manufacturing of various products such as apparel, home textiles (bedding, curtains, carpets), technical textiles (medical, automotive applications), and industrial textiles (agricultural, protective clothing). The market caters to diverse sectors, including fashion, healthcare, transportation, construction, and agriculture. It spans a vast array of raw materials sourcing fiber production methodologies, including natural (cotton, wool) and synthetic (polyester, nylon), weaving or knitting processes, dyeing, finishing treatments, and product design and distribution channels. The growing infrastructure development and expansion of various application areas worldwide fuel the demand for textiles. On the other hand, the price volatility of raw materials and the availability of low-quality products hinder market growth. However, product development and rising awareness and focus on sustainability aspects are expected to propel the use and production of textiles in the coming years.

The textiles market in the Americas has been experiencing steady growth over the past few years, with the United States being a significant contributor to this growth, with advancements in manufacturing technologies such as smart textiles and digital printing augmenting its development. Additionally, eCommerce platforms have gained popularity among consumers in North America due to their convenience and ease of use; thus driving sales of textiles further across the region. In South America, Brazil and Peru are also emerging as key players in textile production due to increased global demand for eco-friendly and organic textile products. APAC is considered the fastest-growing market for textiles globally due to the rapid industrialization of developing economies, including China and India playing a significant role in this expansion. China remains an influential player in the global textiles market, leading in the production and export of textile goods. Southeast Asian countries such as Bangladesh, Indonesia and Vietnam have emerged as vital manufacturing hubs for textiles due to their low labor costs and favorable government policies. These nations are gaining prominence by attracting investments from international apparel brands seeking cost-effective production facilities. Europe's textiles market has been expanding at a moderate pace over recent years, primarily driven by consumer preferences shifting toward sustainable and high-quality products. European Union regulations promoting eco-friendly practices have led to innovations, such as bio-textiles made from renewable resources or recycled materials. The Middle East is witnessing substantial growth in its textiles industry fueled by rising demand for luxury fashion items from affluent consumers within the region. In Africa, several countries such as Ethiopia demonstrate potential for textiles sector expansion due to their availability of raw materials like cotton coupled with supportive government policies.

Market Segmentation & Coverage:

This research report categorizes the Textiles Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Raw Material, market is studied across Chemical, Cotton, Silk, and Wool. The Silk is projected to witness significant market share during forecast period.

Based on Product Type, market is studied across Natural Fibers, Nylon, and Polyesters. The Polyesters is projected to witness significant market share during forecast period.

Based on Application, market is studied across Fashion & Clothing, Household, and Technical. The Fashion & Clothing is further studied across Apparel, Handbags, and Ties & Clothing accessories. The Household is further studied across Bedding, Kitchen, Towel, and Upholstery. The Technical is further studied across Agriculture, Construction, Medical, and Transport. The Household is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.22% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Textiles Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Textiles Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Textiles Market, highlighting leading vendors and their innovative profiles. These include Albany International Corp., Archroma Management GmbH, Arvind Limited, Berry Global Inc., BSL Ltd., Charles Parsons Group, China Textiles (Shenzhen) Co.,Ltd., Coats Group PLC, Compagnie de Saint-Gobain S.A., Cone Denim LLC by Elevate Textiles, Inc., DUNMORE, DuPont de Nemours, Inc., Geelong Textiles Australia, Huntsman Corporation, James Dunlop Textiles, JCT Limited, KPR Mill Limited, Lu Thai Textile Co., Limited, Milliken & Company, Paramount Textile Mills (P) Ltd., Raymond Limited, Reliance Industries Limited, Successori Reda S.p.A., Tex Tech Industries, The Bombay Dyeing & Manufacturing Co Ltd., Trelleborg AB, Trident Limited, Unifi, Inc., Vardhman Textiles Limited, and Welspun India Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Textiles Market, by Raw Material
7. Textiles Market, by Product Type
8. Textiles Market, by Application
9. Americas Textiles Market
10. Asia-Pacific Textiles Market
11. Europe, Middle East & Africa Textiles Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Textiles Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Textiles Market?
3. What is the competitive strategic window for opportunities in the Textiles Market?
4. What are the technology trends and regulatory frameworks in the Textiles Market?
5. What is the market share of the leading vendors in the Textiles Market?
6. What modes and strategic moves are considered suitable for entering the Textiles Market?

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