Strong Growth Ahead: Textile Market Size To Grow At Arecord 7.1% Cagr By 2029

The Textile Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Textile Market Size Expected to Be by 2034?
The scale of the textile industry has seen robust growth in the past few years. It is expected to rise from $640.43 billion in 2024 to $696.16 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. Factors such as the global population increase, a higher demand for synthetic fibers, government measures to bolster the textile sector, solid economic growth in developing markets, and restrictions on plastic utilization have contributed to this historical growth.

The textile industry is projected to experience robust expansion in the coming years, and it is anticipated to reach a value of $915.96 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.1%. Several factors have been attributed to this projected growth during the forecast period, such as the expanding global population and urbanization, the swift growth of ecommerce, higher expenditure on leisure activities, greater retail and internet penetration and increased usage of smartphones, and a rising preference for touchless delivery solutions. Key trends predicted for this period include concentration on using digital textile printing inks, the application of non-woven fabrics, the utilization of organic and sustainable fibers, the integration of blockchain into manufacturing processes, and the use of digitally implemented platforms for managing textile supply chains. Further trends include collaboration with tech firms for creating smart fabrics, incorporating robotics and automation, investing in artificial intelligence, and creating partnerships for the development of innovative products.

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What Are the Emerging Segments Within the Textile Market?
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 Long-Term Drivers Are Shaping Textile Market Trends?
The rise in popularity of e-commerce shopping is projected to fuel the growth of the textile production industry. This gives manufacturers access to a wider platform to sell their products, thereby expanding their customer reach geographically and propelling the textile production market's expansion. In countries like India, for example, online shopping platforms have remarkably improved the sales of traditional attire by offering increased visibility to producers who were previously limited to one region.

Who Are the Top Competitors in Key Textile Market Segments?
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

What Textile Market Trends Are Gaining Traction Across Different Segments?
The progression in wireless technology alongside an increasing need for connection is fueling the demand for smart textiles. These are fabric materials that possess the capability to interact with their surroundings. They can respond to various physical incitements like thermal, mechanical, electrical, and chemical elements. Key constituents of smart textiles are sensors, actuators, and fabrics. The substances utilized in creating smart textiles include conductive polymers, metals, and optical fibers. These revolutionary products are extensively utilized across different sectors like fashion, entertainment, medical, transportation, military, sports and fitness. To illustrate, the d-shirt by Cityzen Science possesses multiple features, including a heart rate monitor, built-in GPS and accelerometer, and altimeter.

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Which Regions Are Becoming Hubs for Textile Market Innovation?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Textile Market?
2. What is the CAGR expected in the Textile Market?
3. What Are the Key Innovations Transforming the Textile Industry?
4. Which Region Is Leading the Textile Market?

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