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Textile Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Textile Market Size
The rise in online shopping is anticipated to fuel the growth of the textile manufacturing industry. This allows manufacturers to showcase and sell their products on a wider platform, thereby expanding their customer base across different regions and consequently enhancing the textile manufacturing market's expansion. In nations like India, for instance, e-commerce platforms have amplified traditional garment sales by granting more considerable exposure to producers previously restricted to a single geographical area.
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What growth opportunities are expected to drive the textile market's CAGR through 2034?
Over the past few years, the textile market has seen robust growth. It is projected to expand from $640.43 billion in 2024 to $696.16 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. The historic period's growth can be pinned on factors such as an upsurge in global population, heightened demand for synthetic fibers, government measures to aid the textile industry, rapid economic development in emerging markets, and restrictions on plastic consumption.
The textile industry is projected to experience significant expansion in the coming years, with a market size anticipated to rise to $915.96 billion in 2029, with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth during the forecast period comprise of global population increase and urbanization, substantial ecommerce development, heightened expenditure on leisure activities, a rise in retail and internet penetration, amplified smartphone usage, and a growing preference for contactless delivery options. Trending focus areas during this period will include adopting digital textile printing inks, using non-woven and organic fabrics, embracing sustainable fibers, incorporating blockchain into manufacturing procedures, implementing digital platforms into textile supply chain management, and collaborating with tech companies to create smart fabrics. Furthermore, the industry will focus on incorporating robotics and automation, investing in artificial intelligence, and forming partnerships and collaborations to produce innovative products.
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What are the most significant trends transforming the textile market today?
The surge in wireless technology advancements alongside the increasing need for connectivity is fueling the demand for smart textiles. These interactive fabrics have the capacity to respond to their surroundings, specifically to physical triggers such as thermal, mechanical, electrical, and chemical stimuli. Fundamental components of smart textiles encompass sensors, actuators, and fabrics. Key materials utilized in smart textiles production involve optical fibers, metals, and conductive polymers. The incorporation of smart textiles is widespread across industries such as fashion, entertainment, medical, transportation, sports and fitness, and military. Cityzen Science's d-shirt is a fitting example, equipped with a host of features like a heart rate monitor, an inbuilt GPS, an accelerometer, as well as an altimeter.
Which growth-oriented segments of the textile market are leading the industry's development?
The textile market covered in this report is segmented -
1) By Type: Fabrics, Yarn, Fiber And Thread, Home Furnishings And Floor Coverings, Textile And Fabric Finishing And Fabric Coating Mills, Other Textile Product Mills
2) By Material: Cotton, Jute, Silk, Synthetics, Wool
3) By Process: Woven, Non-Woven
Subsegments:
1) By Fabrics: Woven Fabrics, Knitted Fabrics, Non-woven Fabrics
2) By Yarn: Spun Yarns, Filament Yarns, Specialty Yarns
3) By Fiber And Thread: Natural Fibers, Synthetic Fibers, Threads for Sewing and Embroidery
4) By Home Furnishings And Floor Coverings: Upholstery Fabrics, Curtains and Draperies, Rugs and Carpets
5) By Textile And Fabric Finishing and Fabric Coating Mills: Dyeing and Printing Services, Fabric Finishing Processes, Coating for Performance Textiles
6) By Other Textile Product Mills: Technical Textiles, Non-apparel Textiles
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What regions are leading the charge in the textile market?
Asia-Pacific was the largest region in the textile market in 2024. Western Europe was the second largest region in the textile market. The regions covered in the textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the textile market?
Major companies operating in the textile market include Toray Industries Inc., Sinopec Group, Mohawk Industries, Inc., Far Eastern New Century, Tex Tech Industries, Ashley Furniture Industries, Inc., Beaulieu International Group, Santana Textiles LLC, Yarnz, Australian Textile Mills (ATM), Bruck Textiles, Spunchem Interntaional, Mattex Yarns, Daedong Company Limited, Magellan (Old Aladdin) Co. Ltd, Yarns Dubai, Arvind Ltd, Bombay Rayon Fashions Limited, Berry Global, Silkoplus German Embroidery Threads, Luthai Textile, Huafu, Siltex Brasil Ltda, Jiangsu Sunshine Co Ltd, Huafang Group Co Ltd, Shangtex Holding Co. Ltd., Shijiazhuang Changshan Textile Co Ltd, Margo, Lenzing, Coats, Laxtons, Ugurteks, Ardalanish Mill, European Spinning Group, AMANN Group, Simba Textile Mills Pty. Ltd., Shandong Jining Ruyi Woolen Textile Co Ltd, Elena Furs, Fabreex, United Textiles, Domarex SC, Tarkett S.A, Coats Bell Div. of Coats Canada Inc., Santista Argentina SA, Unifi, Inc., Albany International Corp., Vardhman Textiles, InPro Corporation, Dunmore Corp., Fabrico, The Yarn Room, Bally Ribbon Mills, Paramount Texteis, Saint Gobain Tape Solutions, Pettenati Industria Textil SA, National Spinning Co, Evora SA, Hyosung TNC, Fabricato SA, Reliance Industries Limited, Sarwani International Corporation, Saudi Spinning & Textile Mill, Fiacao Sao Bento S.A., Slywia Samulak, Town End Alpacas, Como Luxury fabrics, SELA, Gale Pacific Fze, Textil Sao Joao, Namsung Match Co. Ltd, Weiqiao Textile Company Limited, Aratex Group, Shandong Demian Incorporated Company, Terico Golzar, Fibertex South Africa, Elasticos Yarns, Trelleborg Engineered Coated Fabrics, Leena Egypt, AlSaraTex Co., Integrated Fibres Limited
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What Is Covered In The Textile Global Market Report?
• Market Size Forecast: Examine the textile market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the textile market for a structured understanding.
• Key Players Overview: Analyze major players in the textile market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the textile market.
• Segment Contributions: Evaluate how different segments drive overall growth in the textile market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the textile market.
• Industry Challenges: Identify potential risks and obstacles affecting the textile market.
• Competitive Landscape: Review strategic developments in the textile market, including expansions, agreements, and new product launches.
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