Textile Market

Textile Market Study by Cotton, Silk, Chemical, and Wool for Fashion & Clothing, Household, and Technical Use from 2024 to 2034

Analysis of Textile Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Textile Market Outlook (2024 to 2034)

The global textile market size is estimated at US$ 1,065.6 billion in 2024 and is calculated to increase at a CAGR of 3.7% and reach US$ 1,532.4 billion by 2034, according to a recently released study by Fact.MR.

The textile industry mainly functions in the designing, production, and distribution of materials such as yarn and clothing. Knitting, crocheting, and weaving are largely used to produce a wide range of finished and semi-finished goods for different end-use industries such as bedding, clothing, apparel, and medical.

The COVID-19 outbreak offered profitable opportunities for biomedical textile providers. The rise in hospitalization rates led to a high demand for disposable biomedical clothing to prevent the transmission of the virus. Versatile properties of biomedical textiles such as lightness, absorption, filtering, and flexibility are driving the use of biomedical textiles in the production of first-aid items such as wound dressings and bandages and other wear clothing such as face masks, gloves, and protective gear.

The research and development activities are leading to the development of innovative bioplastic textiles derived from renewable biomass. These textiles are effectively meeting the biodegradability and compostability standards. Thus, the implantation of strict environmental regulations is further anticipated to promote the sales of bioplastic fabrics.

Technological advancements are leading to the development of innovative textile coating technologies and chemical textile dyes. Advanced coatings integrated with natural ingredients that consist of anti-bacterial and self-healing properties are widely used in biotextile manufacturing.

  • The North American textile market size is forecasted to reach US$ 268.2 billion by 2034.
  • East Asia is expected to capture 22.3% of the global textile market share in 2024.
Report Attribute Detail
Textile Market Size (2024E) US$ 1,065.6 Billion
Forecasted Market Value (2034F) US$ 1,532.4 Billion
Global Market Growth Rate (2024 to 2034) 3.7% CAGR
South Korea Market Value (2034F) US$ 52.4 Billion
Wool Textile Demand Growth (2024 to 2034) 3.9% CAGR
Key Companies Profiled Lu Thai Textile Co., Ltd; IBENA Inc.; Heytex Bramsche GmbH; Modern Woollens Ltd.; Bahariye AS; Fratelli Balli S.p.A.; Shandong Jining Ruyi Woolen Textile Co. Ltd.; Sinopec Yizheng Chemical Fibre Company Ltd.; China Textiles Ltd.; Paramount Textile Ltd.; Paulo de Oliveira, S.A.; Weiqiao Textile Company Limited; DBL Group; B.D. Textile Mills Pvt. Ltd.; Rhodia SA; Shandong Demian Incorporated Company; Shijiazhuang Changshan Textile Co., Ltd; Li & Fung Group; BSL Ltd.; Successori REDA S.p.A.; Shandong Jining Ruyi Woolen Textile Co., Ltd.; Invista Srl.

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Which Market Dynamics are Pushing Worldwide Sales of Textiles?

“Smart Fabrics Emerging Face of Textile Industry”

Fast-changing fashion trends due to a rise in online fashion companies are pushing the sales of innovative textiles. Moreover, the increasing trend of using smart textiles such as optical fibers, metals, and various conductive polymers that interact with the environment is anticipated to uplift the textile market growth.

These smart textiles help in detecting and reacting to various physical stimuli such as mechanical, chemical, thermal, & electric sources. Thus, the demand for smart textiles is gaining traction. In addition, the growing inclination towards sustainable products is forcing leading companies to focus on restructuring their business and investing in manufacturing practices that target sustainable products.

“DIY and Renovation Activities Driving Sales of Home Décor Textiles”

Increasing popularity of DIY activities and interior designing are some of the notable textile market trends anticipated to uptick the profits of industry giants. Many individuals are decorating their homes according to their choice to make it a memorable moment. This factor is driving high demand for home décor textiles.

The home interior designing trend is also contributing to the sales growth of textiles such as silk, cotton, and polyester. These textiles are widely used in the manufacturing of sofas and cushions. The renovation of houses is driving demand for luxurious and high-quality textile items.

“Superior Insulation and Thermal Resistance of Technical Textiles”

Technical textiles are exhibiting high demand from the aerospace, automotive, and construction sectors. Technical textile’s characteristics such as improved thermal resistance, superior insulation, and higher tenacity are contributing to its sales growth. The continuous R&D activities are leading to the development of cost-effective technical textiles.

What Challenges are Encountered by Textile Manufacturers?

“High Cost of Advanced Textiles and Intense Competition”

Presence of numerous manufacturers is making the market more competitive. Thus, intense competition are leading to price pressures and lowering the profits of manufacturers. High costs of technical, biomedical, and bioplastic textiles are lowering their adoption rates. Bioplastic fabrics are eco-friendly in nature and more expensive to produce than traditional fabrics. The unmanaged waste of biomedical textiles is leading to the implementation of strict regulations, hampering the overall market growth to some extent.

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Start-up Ecosystem

  • SkinBreeze is a Netherlands-based start-up that produces multi-layered textiles to keep the body cool and dry. Effective ventilation technology is used in fabric production, which is contributing to its sales growth.
  • Xmetix is an Israeli start-up that manufactures tactile clothing. The company’s products are produced using sensor mesh technology that involves the integration of multiple sensors on the fabric. The company’s software works along with the sensors and detects any trauma, injury, or bleeding. The Xmetix’s tactile clothing is widely used by police, military, and first responders.

Country-wise Analysis

How are Manufacturers Benefiting in the United States?

“High Demand for Smart Textiles in United States Military”

Attribute United States
Market Value (2024E) US$ 165 Billion
Growth Rate (2024 to 2034) 1.8% CAGR
Projected Value (2034F) US$ 197.1 Billion

The United States is witnessing high demand for smart sports and technical textiles. This can be attributed to the surge in construction and sports activities. The defense and military sector are also making high use of tactile clothing or smart textiles. Smart clothing materials are emerging as effective protective shields for military personnel.

Why is Japan a Lucrative Market for Home Furnishing Textile Suppliers?

“Home Fashion Trend Promoting Sales of High-Quality Textiles”

Attribute Japan
Market Value (2024E) US$ 74.4 Billion
Growth Rate (2024 to 2034) 3.9% CAGR
Projected Value (2034F) US$ 108.6 Billion

Japan is forecast to hold 28.8% of the East Asia market share by 2034. Presence of high-quality fabric producers and home fashion trends is driving the sales of textiles in Japan. The surge in interior décor and remodeling is also augmenting demand for home décor textiles in Japan.

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Category-wise Analysis

Which Type of Raw Material is Widely Preferred in Textiles?

“High Demand for Fashionable Clothing Driving Profitable Opportunities for Chemical Textile Producers”

Attribute Chemical Textiles
Segment Value (2024E) US$ 239.8 Billion
Growth Rate (2024 to 2034) 3.8% CAGR
Projected Value (2034F) US$ 349.4 Billion

Continuous demand for casual and formal wear along with fashionable clothing for all age groups across the globe are contributing to the sales growth of chemical textiles. In addition, growing demand for crease-free suiting & shirting fabrics and quality-dyed & printed fabrics across the world is also anticipated to uplift the market for chemical textiles. Moreover, the growing population and urbanization worldwide and the vast availability of clothes on different online platforms are positively influencing the demand for chemical textiles.

Will the Polyester Textile Business be Profitable?

“High Use of Polyester Textiles in Home Furnishing Products”

Attribute Polyester Textiles
Segment Value (2024E) US$ 201.4 Billion
Growth Rate (2024 to 2034) 4% CAGR
Projected Value (2034F) US$ 298.8 Billion

Polyester textile is anticipated to exhibit a high demand due to its diverse features such as high strength, wrinkle resistance, and quick drying. Polyester textile is widely used in the production of home furnishing products such as pillows and bed sheets. Polyester textile’s cushioning and insulation qualities are further increasing their use in air filters, coated fabrics, and carpets manufacturing.

Competitive Landscape

Key players in the textile market are investing heavily in research and development activities to offer innovative clothing fabrics. The presence of numerous companies is making the market highly competitive. Brand building and digital marketing are important to hold a top position in the market. Textile manufacturers are also focused on acquiring distribution networks and launching digital collections to propel the sales of the same.

  • In March 2023, Schoeller Textil AG announced the launch of its new sustainable collection made from both bio-based and polyester and spandex fabrics.
  • In August 2021, Donear Group acquired the Mayur Brand and the PV Suiting distribution network from RSWM Ltd. The company is focusing on solidifying its global footprint by enriching its distribution portfolio.

Fact.MR provides detailed information about the price points of key producers of textiles positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Key Segments of Textile Market Research

  • By Raw Material :

    • Cotton
    • Silk
    • Chemical
    • Wool
  • By Product :

    • Polyester
    • Nylon
    • Natural Fibers
  • By Application :

    • Fashion & Clothing
    • Household
    • Technical
    • Others
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

How big is the textile market in 2024?

The global textile market is estimated at US$ 1,065.6 billion in 2024.

What is the projected market size for textiles by 2034?

The worldwide market for textiles is forecasted to reach US$ 1,532.4 billion by 2034.

At what rate is the demand for textiles expected to rise?

Global demand for textiles is foreseen to rise at a CAGR of 3.7% from 2024 to 2034.

What is the current valuation of the North American market?

The North American market is approximated at US$ 230.2 billion in 2024.

What are the projections for the market in South Korea?

The South Korea market is calculated to reach US$ 52.4 billion by 2034.

Which type of textile is most widely used?

Polyester textile sales are forecasted to reach US$ 298.8 billion by 2034.

Who are the top producers of textiles?

Leading companies are Heytex Bramsche GmbH, Modern Woollens Ltd., Bahariye AS, Fratelli Balli S.p.A., and Shandong Jining Ruyi Woolen Textile Co. Ltd.

- Also of Interest -

Biomedical Textiles Market

Biomedical Textiles Market Analysis by Fabric (Non-woven, Woven, Knitted Biomedical Textiles), by Fiber (Biodegradable, Non-biodegradable Biomedical Textiles), by Application, by End Use & Region - Global Forecast 2022-2032

Technical Textile Market

Technical Textile Market Study by Natural & Regenerated Fibre, Polymer, and Metal for Agrotech, Buildtech, Hometech, Indutech, Sportech, Mobiltech, Packtech, Meditech, and Others from 2024 to 2034

Textile Chemicals Market

Textile Chemicals Market Analysis Report By Product Type (Coating and Sizing Agents, Finishing Agents, Surfactants), By Fiber Type (Natural, Synthetic Fiber), By Application (Apparel, Home, Automotive Textile), By Region - Global Insights 2022-2032

Textile Coatings Market

Textile Coatings Market Size, Share Analysis by Technology (Dot Textile Coating Technology, Full Surface Textile Coating Technology), by Raw Material (Thermoplastic Textile Coatings, Thermoset Textile Coatings), by End Use & Regional Forecast, 2021-2031

Textile Market

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