Textile Market is to grow at 7.7 % CAGR, with Asia-Pacific leading the market through 2032

Textile Market to Hit USD 3304.98 Bn by 2032

The Textile Market was USD 1825.76 Bn in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.7 % from 2025 to 2032, reaching USD 3304.98 Bn by 2032. Growing environmental consciousness has caused companies and customers to prefer sustainable fabrics, such those composed of organic and recycled materials. Digital printing, automation, and smart fabrics are some of the innovations that are improving product usefulness and production efficiency. The demand for textiles is rising as a result of urbanization and rising disposable incomes in places like Asia, Latin America, and Africa. Consumers now have access to a greater variety of textile items thanks to the growth of online retail platforms, which also allows for worldwide interaction and opens up new business prospects for suppliers and manufacturers. The United States, is the world's second-largest exporter behind China, with $29.7 billion in textile-related exports.

Ask for Sample to Know US Tariff Impacts on Textile Market @ https://www.maximizemarketresearch.com/request-sample/200298/

Textile Market Segmentation

By Product: Natural Fibers includes Cotton which dominated the market in 2021 with a 39% revenue share, and wool accounted for 13.3% of the market revenue. The Synthetic fibers include Polyester, Acrylic and Polyolefins. Nylon is known for abrasion resistance, elasticity, and strength. In 2020, an expected 8.9 million tons of nylon were produced.

By Distribution Channel: Offline Retail segment dominates the market. Traditional merchants made up 67% of India's garment sales in the fiscal year 2020. According to a survey, 47% of shoppers prefer to buy fashion items only from physical retailers. In Online Retail segment the e-commerce sector in India is expected to grow 2.5 times faster than offline retail, reaching $325 billion by 2032.

Textile Market Regional Analysis

United States: The U.S. Textile Market will expand to $320.40 billion with a CAGR of 3.1% from 2025 to 2030. Key players like Levi Strauss & Co. are well-known for making denim pants under the Levi's brand, and Leading international clothing manufacturer Hanesbrands is well-known for its Playtex, Champion, and Hanes brands dominate the U.S. market.

Germany: In 2023, the German textile market brought in around €12.4 billion in revenue. Key players like Hugo Boss employed over 18,600 people and earned €4.3 billion in sales in 2024, and Steilmann is a textile firm with more than 18,000 employees that is headquartered in Wattenscheid, Germany dominate the German market.

China: Asia-Pacific dominates the textile market with China leading the market. China is the world's largest manufacturer and exporter of textiles, making up more than half of the world's output and exports. Approximately 7% of China's GDP comes from the textile sector, demonstrating its importance to the country's economy. China exported $301.1 billion worth of textiles and clothing in 2024, a 2.8% rise over the previous year.

Ask for Sample to Know US Tariff Impacts on Textile Market @ https://www.maximizemarketresearch.com/request-sample/200298/

Textile Market Competitive Landscape

INVISTA S.R.L.: INVISTA sold its Advanced Textiles & Apparel division to Koch industries featuring Shandong Ruyi and brands like Lycra, Coolmax, and Thermolite for approximately $2 billion.

Lu Thai Textile Co., Ltd.​: On July 8, 2024, Lu Thai Textile agreed to purchase Shandong Lulian New Materials Co., Ltd.'s remaining 25% share for approximately CNY 25.9 million.

Paramount Textile Limited: On September 2022, Paramount Textile Limited consented to sell Imrana Zaman Chowdhury a minority interest in Meghna Bank Limited for approximately BDT 30 million.

Recent Developments:

Spinnova has created a fabric that has a far smaller environmental effect by simulating the creation of spider silk using a dry mechanical method.
Innovations such as AirDye significantly reduce the amount of water and energy used in the dyeing process by using heat to transfer colors at the molecular level.

Conclusion

The whole consumer experience is being improved by the use of digital technology, such as augmented reality for customer involvement and blockchain for supply chain transparency.
Furthermore, the emergence of e-commerce and direct-to-consumer channels is altering the marketing and sales of textiles by making it easier for businesses to connect with customers throughout the world.

For additional reports on related topics, visit our website:

♦ Textile Coatings Market https://www.maximizemarketresearch.com/market-report/textile-coatings-market/11890/

♦ Textile Finishing Chemicals Market https://www.maximizemarketresearch.com/market-report/global-textile-finishing-chemicals-market/90605/

Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.