What Has Driven the Growth of the Fabrics Market in Recent Years?
The fabrics market has seen considerable growth due to a variety of factors.
• The textiles industry has seen substantial growth over the past few years. It's forecasted to expand from a market size of $139.36 billion in 2024 to reach $152.69 billion in 2025, marking a compound annual growth rate (CAGR) of 9.6%.
Factors that have contributed to this historic growth include the robust economic development in emerging markets, swift advancements in the automotive sector, and a surge in the demand for synthetic fibers.
What Is the Forecasted Market Size and Growth Rate for The Fabrics Market?
The fabrics market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations for substantial growth are set for the fabrics market in the upcoming years. The market is projected to reach $203.41 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%.
Factors driving this growth in the forecast period include e-commerce expansion, heightened demand for sportswear, population growth, technological advancements, and the rise of internet accessibility and smartphone utilization. The forecast period is also expected to witness trends such as the application of blockchain technology, emphasis on digital textile printing ink and printers, development of smart fabrics, integration of robotics and automation in production facilities, implementation of artificial intelligence in fabric production, and an increased focus on partnerships and collaborations.
Which Factors Are Boosting Growth In The Fabrics Market?
The surge in online shopping is anticipated to fuel the growth of the fabrics manufacturing market. This phenomenon allows manufacturers to expand their selling platform, thereby enlarging their customer reach geographically, which in turn stimulates the expansion of the apparel manufacturing market. For example, as per the data released by the US Census Bureau in August 2024, a US government agency, the retail e-commerce sales in the U.S. for Q2 2024 amounted to $291.6 billion, marking a 1.3% surge from Q1 2024. Simultaneously, total retail sales hit the $1,826.9 billion mark, registering a 0.5% rise. The year-over-year growth reflected a 6.7% increase in e-commerce sales, while the total retail sales saw a 2.1% growth. E-commerce constituted 16% of the total retail sales for the quarter. Thus, the fabrics manufacturing market is experiencing growth propelled by online shopping.
What Are The Main Segments Of The Global Fabrics Market?
The fabrics market covered in this report is segmented –
1) By Type: Non-Woven Fabrics, Knitted Fabrics, Broad Woven Fabrics and Narrow Fabric Mills, Schiffli Machine Embroidery.
2) By Product: Cotton Fabric, Linen Fabric, Silk Fabric, Polycotton Fabric, Other Products
3) By Application: T-Shirts, Sportwear, Outdoor Clothing, Performance Wear
Subsegments:
1) By Non-Woven Fabrics: Spunbond Non-Woven Fabrics, Meltblown Non-Woven Fabrics, Needle-Punched Non-Woven Fabrics, Hydroentangled Non-Woven Fabrics (Spunlace), Chemical Bonded Non-Woven Fabrics
2) By Knitted Fabrics: Weft Knitted Fabrics, Warp Knitted Fabrics, Circular Knitted Fabrics, Flat Knitted Fabrics
3) By Broad Woven Fabrics and Narrow Fabric Mills: Broad Woven Fabrics, Specialty Woven Fabrics, Narrow Fabrics
4) By Schiffli Machine Embroidery: Lace Embroidery, Decorative Embroidery, Functional Embroidery (for garments and accessories), Custom Embroidery Services
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What Emerging Trends Are Influencing The Growth Of The Fabrics Market?
A surge in the interest for smart fabrics has been observed recently, influenced largely by their widespread application in diverse areas like fashion, entertainment, healthcare, transportation, sports and fitness, and in the defense sector. Smart fabrics refer to textiles capable of reacting to their surroundings and responding to stimuli from mechanical, electrical, thermal, and chemical sources. The primary components of these innovative fabrics are sensors, actuators, and the fabric material itself. Optical fibers, metals, and conductive polymers form the core materials used in the making of smart fabrics. The D-Shirt produced by the French firm Cityzen Sciences, characterized by its comprehensive functionalities recording aspects like heart rate, geographical location, route, altitude, and velocity, serves as a good example of smart fabric applications.
Who Are the Key Players in the Fabrics Market?
Major companies operating in the fabrics market include:
• Toray Industries Inc
• Reliance Industries Limited
• INVISTA
• Shenzhou International Holdings Limited
• Teijin Ltd.
• Seoane Produccion Textil
• Arvind Ltd
• Mattex Yarns
• Lion Brand Yarn Company
• Champion Thread Co
• Suominen Corporation
• Elevate Textiles
• National Spinning Co
• Fabricato SA
• BTK Textile
• Inditex
• Freudenberg Group
• Como Luxury fabrics
• Spinrite Inc.
• Pacific Textiles
• Jiangsu Lianfa Textile Co Ltd
• Salvatore Ferragamo SpA
• Albany International Corp.
• Johns Manville
• Terico Golzar
• Cone Denim
• Smartex
• The Yarn Room
• Eeden
• American Silk Mill
• Mango
• Evora SA
• American & Efird
• Bombay Rayon Fashions Limited
• Hanesbrands. Inc.
• Ahlstrom- Munksjö
• Luthai Textile Co Ltd
• Elasticos Yarns
• Glatfelter Corporation
• Indumentaria Lincoln Sa
• Mohawk Industries. Inc.
• Low & Bonar
• TWE Group
• Yarnz
• Maples Industries. Inc.
• Avgol
• Saudi Spinning & Textile Mill
• Berry Global Koninklijke Ten Cate NV
• H and M Hennes and Mauritz GBC AB
• Vardhman Group
• Fibertex Nonwovens A/S
• Fitesa
• Integrated Fibers Limited
• Standards Textile Co. Inc
• Kimberly-Clark
• DuPont de Nemours
• Sarwani International Corporation
• Herrschners Inc
• United Textiles
• Safety Components
• Zhejiang Kingsafe
• Spunchem Interntaional
• Texameri SA (Texcom)
• Gale Pacific Fze
• European Spinning Group
• Weiqiao Textile
• Lydall
• AlSaraTex Co.
• Leena Egypt
What Is The Most Dominant Region In The Fabrics Market?
Asia-Pacific was the largest region in the fabrics market in 2024. Western Europe was the second largest region in the fabrics market. The regions covered in the fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
