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

Market Overview

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%.

The global textile market is experiencing robust growth, propelled by increasing demand for apparel, home furnishings, and technical textiles across diverse industries. Encompassing natural fibers like cotton and wool, synthetic fibers like polyester, and advanced materials like aramid, textiles are integral to applications ranging from clothing and upholstery to automotive interiors and medical devices. The market is driven by global population growth, urbanization, and rising consumer demand for sustainable and high-performance textiles. The proliferation of e-commerce and retail sectors has amplified demand for fashionable and functional textiles, particularly in emerging economies where disposable incomes are rising.

Asia-Pacific dominates the market, supported by extensive manufacturing capabilities in countries like China, India, and Bangladesh, where cost-effective production and high output drive growth. Europe and North America contribute significantly, with a focus on sustainable textiles and technical applications to meet stringent environmental regulations and consumer expectations. The rise of fast fashion, coupled with the increasing use of textiles in automotive, aerospace, and healthcare sectors, is a key growth enabler. For instance, the growing population, which reached a significant milestone in 2022, has increased demand for clothing and home furnishings, further boosting the market. Despite challenges such as raw material price volatility and environmental concerns, innovations in eco-friendly fibers and advanced manufacturing processes are supporting market expansion. The forecast period of 2020–2030F is expected to see sustained growth as industries align with sustainability goals and leverage textiles for diverse, high-value applications.

Key Market Drivers

Rising Demand for Sustainable Textiles

The global textile market is significantly driven by increasing consumer and regulatory demand for sustainable textiles, as environmental consciousness shapes purchasing decisions across industries. Consumers are increasingly prioritizing eco-friendly materials, such as organic cotton, recycled polyester, and bio-based fibers, prompting brands to adopt sustainable practices to enhance their market appeal. For example, major apparel companies have committed to incorporating recycled and biodegradable textiles into their products, aligning with global sustainability objectives. This trend is supported by regulatory frameworks like the European Union’s Circular Economy Action Plan, which promotes the use of recyclable and sustainable materials in textile production to reduce waste and environmental impact.

The growth of the sustainable fashion movement is particularly pronounced in Asia-Pacific, where studies indicate rising consumer demand for eco-friendly clothing and home furnishings, driven by urbanization and increasing disposable incomes. Manufacturers are investing in sustainable supply chains and certifications, such as the Global Organic Textile Standard (GOTS), to meet these expectations. The demand for sustainable textiles extends beyond apparel to technical applications, such as automotive interiors and medical textiles, where eco-friendly materials enhance performance and compliance with environmental standards. This focus on sustainability is expected to drive market growth throughout the forecast period, as brands and manufacturers prioritize green innovations to meet consumer preferences and regulatory requirements.

Expansion of Technical Textiles in Industrial Applications

The growing adoption of technical textiles in industries such as automotive, aerospace, healthcare, and construction is a key driver of the global textile market. Technical textiles, including high-performance fibers like aramid, carbon, and glass, offer specialized properties such as durability, flame resistance, and lightweight strength, making them ideal for applications like airbags, seat belts, medical gowns, and construction fabrics. The global increase in vehicle production, as reported by the International Organization of Motor Vehicle Manufacturers (OICA), is driving demand for technical textiles in automotive interiors, particularly for lightweight materials that enhance fuel efficiency in electric vehicles (EVs).

Government investments in infrastructure and healthcare, especially in emerging economies, are boosting the use of technical textiles in construction and medical applications. For instance, policies in countries like India and China support the development of advanced healthcare systems, increasing demand for medical textiles with antimicrobial and biodegradable properties. Manufacturers are investing in R&D to develop textiles with enhanced functionalities, such as thermal regulation and impact resistance, to meet industry-specific requirements. The rise of EVs and smart infrastructure projects further amplifies the need for innovative textiles. This expansion of technical textiles is expected to drive sustained market growth, as industries leverage high-performance materials to improve functionality and sustainability through 2030.

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Key Market Challenges

Raw Material Price Volatility

The textile market faces significant challenges due to volatility in raw material prices, particularly for natural fibers like cotton and synthetic fibers like polyester, which are influenced by global supply chain disruptions and fluctuating oil prices. Recent global crises, such as supply chain constraints, have led to shortages and price increases for raw materials, impacting manufacturers’ profit margins and pricing strategies. This volatility poses challenges, especially for smaller players, in maintaining cost-competitive production. The reliance on petrochemical-based synthetic fibers exposes the market to risks associated with oil price fluctuations and geopolitical tensions. While bio-based and recycled fibers are being explored as alternatives, their adoption requires significant investment and may not be cost-competitive in the short term. Addressing this challenge necessitates strategic sourcing, regional supply chains, and advancements in sustainable raw materials to stabilize costs and ensure market competitiveness.

Environmental Concerns and Regulatory Compliance

Stringent environmental regulations and growing concerns about textile waste and pollution pose challenges for the textile market. Regulations such as the European Union’s Waste Framework Directive and similar policies in other regions require manufacturers to reduce waste, enhance recyclability, and minimize environmental impact. The textile industry’s reliance on water-intensive processes, such as dyeing and finishing, raises concerns about water pollution and high carbon emissions, prompting scrutiny from regulators and consumers.

Compliance with these regulations requires significant R&D investment to develop eco-friendly textiles and sustainable production processes, which can increase costs and challenge smaller manufacturers. The transition to biodegradable and recyclable materials involves issues related to performance consistency and scalability. The industry must navigate these regulatory complexities and align with consumer expectations for environmentally responsible products to ensure long-term growth and sustainability.

Key Market Trends

Adoption of Bio-Based and Recycled Textiles

The textile market is witnessing a growing trend toward bio-based and recycled textiles, driven by consumer demand for sustainable materials and regulatory pressures to reduce plastic waste. Bio-based fibers, derived from renewable sources like corn and sugarcane, and recycled polyester from PET bottles are gaining traction in apparel, home furnishings, and technical textiles. This trend is fueled by corporate commitments to sustainability and the rise of circular fashion initiatives, with brands increasingly incorporating recycled materials to meet consumer expectations.

The Asia-Pacific region is leading this trend, with manufacturers investing in recycled polyester and organic cotton to cater to the growing demand for eco-friendly products. Innovations in recycling technologies are enhancing the quality and availability of sustainable textiles, supporting market growth. This trend is expected to drive the adoption of eco-friendly materials across applications, creating opportunities for differentiation through 2030.

Integration of Smart Textiles

The integration of smart textiles, embedded with sensors, conductive fibers, and nanotechnology, is a key trend in the textile market, particularly in healthcare, sportswear, and automotive applications. Smart textiles offer functionalities like health monitoring, temperature regulation, and connectivity, meeting the needs of tech-savvy consumers and industries. The rise of wearable technology and IoT devices is driving demand for these innovative materials, particularly in North America and Europe. Manufacturers are developing textiles with advanced properties, such as antimicrobial coatings and embedded sensors for medical wearables, to enhance performance and functionality. For instance, smart textiles are being used in automotive interiors for real-time monitoring systems. This trend is expected to drive market growth as industries adopt smart textiles for high-value, technology-driven applications through 2030.

Segmental Insights

Product Insights

In the global textile market, the polyester segment has emerged as the fastest-growing category in 2024 and is expected to maintain its upward trajectory over the forecast period. This growth is driven by polyester’s versatility, durability, affordability, and ease of blending with other fibers, making it a preferred choice across apparel, home textiles, and industrial applications. The fiber’s resistance to shrinking, stretching, and wrinkling enhances its appeal in fast fashion and performance wear. The increasing use of recycled polyester (rPET), derived from post-consumer PET bottles, is further accelerating growth, aligning with sustainability goals across the value chain. Advancements in fiber technology and growing demand for moisture-wicking, lightweight, and functional fabrics continue to support the rapid expansion of the polyester segment globally.

Application Insights

By application, the Fashion & Clothing segment dominates the textile market landscape in 2024 and is projected to retain its leading position throughout the forecast period. This dominance is fueled by rising consumer demand for fast fashion, increasing global apparel consumption, and the expansion of e-commerce platforms. The segment benefits from rapid design cycles, high product turnover, and growing urban populations with changing lifestyle preferences. The integration of sustainable and recycled materials such as recycled polyester, organic cotton, and bio-based fabrics is gaining traction in response to increasing environmental awareness and regulatory pressures. Major fashion brands are investing in eco-friendly collections and circular textile practices, further reinforcing the segment’s stronghold within the global textile industry.

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Regional Insights

Based on Region, Asia-Pacific emerges as largest market the global Textile market, driven by high production volumes and cost-effective manufacturing in China, India, and Bangladesh. Europe holds a significant share, supported by sustainable textile initiatives and technical applications in automotive and healthcare sectors. North America is a key market, with the U.S. emphasizing eco-friendly and high-performance textiles. South America is emerging, with Brazil leading in apparel and home furnishing production. The Middle East & Africa exhibit moderate growth, driven by increasing demand for textiles in consumer goods and infrastructure projects.

Recent Development

• In 2025, Toray Industries has introduced a new recycled polyester fiber aimed at promoting sustainable apparel production and reducing carbon emissions. The fiber, part of their &+ brand, is made partially from collected fishing nets and PET bottles. This initiative is part of Toray's broader commitment to a circular economy and sustainable practices, including reducing carbon emissions and promoting resource recycling.
• In 2025, Teijin Limited has introduced a bio-based aramid fiber for technical textiles, enhancing both durability and sustainability. This new fiber, developed in partnership with BioBTX, offers a lower carbon footprint compared to traditional aramid fibers, while maintaining high strength and low weight. The bio-based aramid fiber is a significant step towards Teijin's goal of utilizing low-carbon solutions and increasing the use of renewable carbon in their raw materials.
• In 2024, Lenzing AG is expanding its production of TENCEL fibers, specifically for use in eco-friendly textiles for apparel and home furnishings. This expansion is part of Lenzing's broader commitment to sustainability and resource efficiency in the textile industry. The TENCEL brand, known for its Lyocell and Modal fibers, is derived from wood and offers a range of benefits for both apparel and home textiles.
• H&M's "Conscious Collection" uses sustainable materials such as organic cotton and recycled polyester. Adidas has launched a program called "Parley for the Oceans" that uses recycled plastic to create shoes and apparel.
• In 2020, Levi's launched a new program called SecondHand, a new buyback program in the United States. This program allows customers to trade in old pieces in exchange for a gift card equivalent to a portion of each item’s perceived value. These clothes received as a part of the program then go up for sale on the company’s website, where customers can directly purchase them.
• In 2019, Adidas launched the Futurecraft Loop, a 100% recyclable running shoe made from a single material. The shoe is designed to be disassembled and recycled into a new shoe at the end of its lifespan.

Key Market Players

• 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