Textile Market to Grow with a CAGR of 6.18% through 2030
Global
Textile Market to be driven by the increasing demand for clothing and home
furnishings during the forecast period.
According to
TechSci Research report, “Textile Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Textile
Market was valued at USD 703.28 Billion in 2024 and is expected to reach USD
997.55 Billion by 2030 with a CAGR of 6.18%.
Technological
advancements are transforming the textile market, enabling the production of
sustainable, high-performance, and smart textiles. Innovations in spinning and
weaving technologies, such as automated looms and 3D knitting, are enhancing
production efficiency and enabling the creation of complex textile structures
for automotive, aerospace, and medical applications. These technologies reduce
waste and improve precision, supporting cost-effective and sustainable
manufacturing.
The
development of bio-based and recycled fibers is a significant breakthrough,
with enzymatic recycling technologies enhancing the quality of recycled
polyester and reducing environmental impact. Nanotechnology is being utilized
to develop textiles with advanced properties, such as water repellency,
antimicrobial effects, and UV protection, particularly for medical and
sportswear applications. Smart textiles are gaining traction, with advancements
in conductive fibers and embedded sensors enabling health monitoring and
connectivity in wearables and automotive interiors.
Digital
printing technologies are revolutionizing textile design, allowing for
customized, vibrant patterns with reduced water and energy consumption,
particularly in sustainable textiles. Automation and AI-based quality control
systems are improving manufacturing precision, ensuring compliance with
environmental standards and reducing defects. Blockchain-based traceability
systems are also emerging, enhancing transparency in sustainable textile supply
chains. These advancements, supported by increased R&D investments and
industry collaborations, are driving market growth by addressing
sustainability, performance, and cost challenges, positioning textiles as a
versatile material through 2030.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on "Global
Textile Market”
The Global Textile
Market is segmented into type, raw material, product, process, application, regional
distribution, and company.
Based
on raw materials, the cotton segment is expected to dominate the global textile
market during the forecast period. Cotton’s widespread preference stems from
its natural origin, breathability, softness, and biodegradability, making it a
favored choice across apparel, home textiles, and medical fabrics. The segment
continues to benefit from rising consumer demand for comfortable and
skin-friendly materials, particularly in casual wear and intimate apparel.
Additionally, increased focus on sustainable and organic cotton cultivation
practices is further strengthening its market position. Governments and brands
alike are promoting organic and responsibly sourced cotton to address
environmental concerns, improve traceability, and support circular economy initiatives.
Despite competition from synthetic fibers, cotton remains a cornerstone of the
global textile industry due to its comfort and familiarity.
Based on region,
Asia-Pacific is the fastest-growing segment in the global textile market and is
expected to continue its strong growth trajectory over the forecast period. The
region’s expansion is driven by high textile manufacturing capacity, low
production costs, and a robust supply chain infrastructure across major
economies such as China, India, Bangladesh, and Vietnam. These countries are
global hubs for textile exports, supported by skilled labor, government
incentives, and rising domestic consumption. The increasing demand for fashion,
home textiles, and technical textiles in rapidly urbanizing populations further
fuels regional growth. Additionally, growing investments in automation, digital
printing, and sustainable textile production technologies are enhancing
competitiveness, solidifying Asia-Pacific’s position as a key driver of growth
in the global textile industry.
Major companies
operating in Global Textile Market are:
- Masco
Corporation
- BSL Ltd.
- INVISTA Srl.
- Lu Thai Textile
Co., Ltd.
- Paramount
Textile Ltd.
- Paulo de
Oliveira, S.A.
- Successori REDA
S.p.A.
- Shadong Jining
Ruyi Woolen Textile Co. Ltd.
- Sinopec Yizheng
Chemical Fibre Company Ltd.
- China textiles
Ltd.
- Rhodia SA
- Li & Fung
Group
- Modern Woollens
Ltd.
- JCL Ltd.
- Grasim
Industries Limited
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“The global textile market is set for
significant growth through 2030, driven by rising demand for sustainable and
technical textiles in apparel, home furnishings, and industrial applications.
Key drivers include increasing consumer preference for eco-friendly materials
and the expansion of technical textiles in automotive and healthcare sectors.
Asia-Pacific leads due to robust manufacturing, while Europe and North America
emphasize sustainability. Challenges like raw material price volatility and
environmental regulations persist, but innovations in bio-based fibers and
smart textiles are shaping the market”, said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“Textile Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Type (Yarn & Fiber, Processed Fabrics & Apparel), By Raw Material
(Cotton, PSF, PFY, NFY, VSF, VFY, PPMFY, Others), By Product (Natural Fibers,
Polyesters, Nylon, Rayon, Others), By Process (Woven, Non-woven), By
Application (Household (Bedding, Kitchen, Upholstery, Towel, Others), Technical
(Construction, Transportation, Medical, Protective, Others), Fashion &
Clothing (Apparel, Ties & Clothing Accessories, Handbags, Others), Others),
By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Textile Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Textile Market.
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