What is the long-term growth forecast for the Europe Textile Market based on recent analysis?

Europe Textile Market Forecast by 2033

Market Size in 2024: USD 261.7 Billion
Market Forecast in 2033: USD 409.4 Billion
Market Growth Rate 2025-2033: 4.6%

The European textile market reached USD 261.7 billion in 2024 and is projected to expand to USD 409.4 billion by 2033, growing at a CAGR of 4.6% during 2025-2033. The market growth is supported by rising demand for sustainable textiles, technological innovations in production, and the strong presence of fashion and home furnishing industries across the region.

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Growth Drivers of the European Textile Market

Rising Demand for Sustainable Textiles

Sustainability drives the European textile and clothing sector, and shoppers buy sustainable fabrics from organic and recycled fibers, like cotton and hemp. Circular systems and carbon reduction are being encouraged by European Union regulations including the EU Green Deal. For example, in March 2024, Syre, a company co-founded by Vargas and H&M Group, commercialized an approach to textile-to-textile recycling with an 85% reduction in CO2 emissions. This shift to sustainable technologies is driven by external pressures from regulators and market participants within the textile value chain.

Technological Innovations in Textile Production

Innovations such as digital textile printing, automated weaving machines, and AI-based monitoring systems lead to a reduced production cost, shorter production time, and improved quality. In April 2024, Getzner Textil launched new technical textiles for PPE, acoustic textiles, and sustainable 3D materials. These new products are used in healthcare, automotive, and construction, and provide improvement in the performance factors of various end products. Smart textiles with integrated sensors for biometric data and temperature and moisture regulation is also stimulating demand for high performance technical fabrics.

Growing Popularity of Luxury and Technical Textiles

Luxury and technical textiles are growing in popularity in Europe. The former is used in clothing and decoration, while the latter is increasingly being deployed in the automotive, medical and construction sectors. In November 2024, Myant Corp., a pioneer company in smart textile and biosensing technologies, acquired two Swiss startups Nanoleq and Osmotex for furthering its technologies across the European market, showing the growth and inclination of the functional textile with aesthetic appeal in Europe, which is famous for its textile industry.

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Europe Textile Market Segmentation

Analysis by Raw Material

• Cotton
• Chemical
• Wool
• Silk
• Others

Analysis by Product

• Natural Fibers
• Polyesters
• Nylon
• Others

Analysis by Application

• Household
• Technical
• Fashion and Clothing
• Others

Analysis by Country

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Competitive landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Europe Textile Market News

• October 2024: Reju opened Regeneration Hub Zero in Frankfurt, Germany, its first textile-to-textile recycling facility, focusing on sustainable polyester production.
• September 2024: The Filament Factory launched high-performance PA12 multifilament yarn in collaboration with Evonik, targeting automotive and aviation applications.
• July 2024: Lenzing Group, with 13 partners, initiated the EU-funded CELLFIL project to scale sustainable bio-based lyocell filaments.
• January 2024: BASF and Inditex introduced loopamid®, a circular nylon 6 made entirely from textile waste, with Zara launching garments using the material.
• European fashion capitals Paris and Milan continued to drive global trends, boosting demand for luxury and sustainable textiles.

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Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

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