What Has Been the Growth Trajectory for the Textile Market in Recent Years?
The textile market has seen considerable growth due to a variety of factors.
• The size of the textile market has experienced robust expansion in the past few years. A rise from $640.43 billion in 2024 to $696.16 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 8.7%.
The growth during the historic period is a result of factors such as the increase in the global population, surge in demand for synthetic fibers, governmental policies supporting the textile sector, significant economic development in emerging markets, and restrictions on the usage of plastic.
What is the Forecasted Growth of the Textile Market Size?
The textile market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the textile market is anticipated to experience robust growth. The market size is set to reach $915.96 billion in 2029 with a 7.1% compound annual growth rate (CAGR).
This predicted growth within the timeframe is due to several factors including global population increase and urban development, a significant rise in ecommerce, leisure spending increment, expansion of retail, increased internet and smartphone accessibility, and a growing fondness for contactless delivery solutions. Key trends for the forecasted period involve prioritizing digital textile printing inks, the utilization of non-woven materials, emphasis on organic fibers, sustainable fibers, the application of blockchain in production processes, digital platform implementation in managing textile supply chains, collaborations with tech firms in creating smart fabrics, the adoption of robotic processes and automation, investments in artificial intelligence, and forming partnerships and collaborations to produce innovative offerings.
What Are The Leading Drivers Of Growth In The Textile Market?
The surge in online shopping is projected to spur textile production in the marketplace. Producers can now exhibit their goods on a bigger stage than previously, thereby expanding their client base geographically and stimulating textile manufacturing market growth. For instance, in countries like India, e-commerce platforms have elevated traditional garment sales by providing broader exposure to manufacturers initially limited to a single location.
What Is The Segmentation Of The Global 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 Emerging Trends Are Shaping The Textile Market?
The surge in wireless technology advancements and a growing need for connectivity fuels the demand for smart textiles. These textiles are special types of fabrics able to interact with their surroundings. They are designed to respond to various physical stimuli such as heat, mechanical force, electric charge, and chemical reaction. Smart textiles chiefly consist of sensors, actuators, and fabrics. Key materials incorporated into the crafting of these smart textiles are conductive polymers, metals, and optical fibers. These advanced textiles find extensive application in sectors such as fashion, entertainment, healthcare, transport, sports and fitness, and military purposes. To illustrate, a product called 'd-shirt' by Cityzen Science comes integrated with numerous features such as a heart-rate monitor, inbuilt GPS, accelerometer, altimeter.
Who Are the Key Players 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
What are the Regional Insights into 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
