Press release
Textile Market Still Has Room to Grow | BSL Limited , Aditya Birla Group
Textile Market
The global market for Textile estimated at USD 1.03 trillion in the year 2023, is anticipated to reach a revised size of USD 1.34 trillion by 2032, growing at a CAGR of 2.98% over the period 2024-2032.
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The textile sector encompasses areas such as research, design, development, production, and distribution of textiles, fabrics, and garments. The textile industry is a broad and evolving sector that includes the manufacturing, distribution, and marketing of textiles, fabrics, and associated items.
Textiles (textiles, textile materials) serve as essential daily items as well as fundamental materials or components that various industries require in some form. They also represent a reflection of history and culture. The textile sector is a lightweight industry that aids in supporting people's livelihoods.
Some of the Top Leading Key Players:
BSL Limited (India)
Shandong Ruyi Technology Group Co., Ltd. (China)
Indorama Ventures Public Company Limited (Thailand)
Aditya Birla Group (India)
Luthai Textile Co., Ltd. (China)
Welspun India Ltd. (India)
Lenzing AG (Austria)
ALBIS PLASTIC GmbH (Germany)
Grasim Industries Limited (India)
Toray Industries, Inc. (Japan)
Teijin Limited (Japan)
Milliken & Company(USA)
Fibre2Fashion Pvt. Ltd. (India) and Other Major Players
Segmentation Analysis of the Textile Market
By Raw Material:
Wool
Chemical
Silk
By Product:
Natural Fibers
Polyester
By Application:
Household
Fashion & Clothing
Technical
Others
Textile Market Trend Analysis:
The Rising Growth of the Clothing Industry
Key Industry Developments in the Textile Market:
In December 2023, RSWM announced the acquisition of Ginni Filaments, an India-based producer of combed cotton & open-end yarns. This acquisition will help RSWN to enhance its productivity and product diversity to cater to its premium customers.
In May 2023, Aditya Birla Fashion and Retail (ABFRL) entered into definitive agreements to acquire TCNS Clothing, the owner of ethnic brands, including W, Aurelia, Wishful, Folksong, and Elleven.
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Regional Analysis:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.The Asia Pacific region leads the global textile market, significantly impacting the production, consumption, and export of textiles and related products. This area includes a range of countries with differing strengths and abilities, all playing a role in the leadership of the textile sector.
The Asia Pacific region is home to several of the globe's largest textile-producing nations, such as China, India, Bangladesh, Vietnam, Pakistan, and Indonesia. These countries have positioned themselves as key participants in the sector, featuring substantial production capabilities and wide-ranging supply networks.
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Benchmark Against Key Competitors: Use benchmarking to compare your business's performance against leading competitors, identifying areas for improvement and potential competitive advantages.
Formulate Region-Specific Growth Strategies: Develop geographically tailored strategies to capitalize on local market conditions and consumer preferences, driving targeted business growth in key regions.
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Strategic Points Covered in Table of Content of Textile Market:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Growth Opportunities By Segment
Chapter 5: Market Landscape
Chapter 6: Textile Market By Product Type (2017-2032)
Chapter 7: Textile Market By Material (2017-2032)
Chapter 8: Textile Market By Mounting Type (2017-2032)
Chapter 9: Textile Market By Application (2017-2032)
Chapter 10: Textile Market By Distribution Channel (2017-2032)
Chapter 11: Textile Market By End-User (2017-2032)
Chapter 12: Company Profiles And Competitive Analysis
Chapter 13: Global Textile Market By Region
Chapter 14: Investment Analysis
Chapter 15: Analyst Viewpoint And Conclusion
Chapter 16: Investment Analysis
Chapter 17: Analyst Viewpoint And Conclusion
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