According to the latest report by IMARC Group, titled "Textile Market Report by Raw Material (Cotton, Chemical, Wool, Silk, and Others), Product (Natural Fibers, Polyesters, Nylon, and Others), Application (Household, Technical, Fashion and Clothing, and Others), and Region 2025-2033," the global textile market reached a value of USD 1,065.6 Billion in 2024. Textile refers to the materials that are composed of woven natural or synthetic fibers derived from various materials, such as cotton, linen, silk, denim, flannel, hemp, leather, and wool. The thin threads of fibers that are required for weaving, felting or knitting are commonly obtained from natural, artificial or combination sources. These materials involve interlocking the yarns in a specific pattern until the desired length of the cloth is produced. They are further used for manufacturing a vast array of clothing items and fashion accessories, along with materials required for household and medical applications.
Global Textile Market Trends:
The global market is majorly driven by considerable growth in the apparel industry across the globe. With the abundant availability of raw materials, such as jute, silk and cotton, and the changing lifestyle patterns of the masses, there has been a significant increase in the sales of textiles. Moreover, the increasing penetration of high-speed internet connectivity has led to the rapid expansion of online organized textile retailing on the global level. Coupled with the inflating disposable income levels of individuals, these online portals offer enhanced convenience to the users, including flexible payment modes and a vast collection at affordable rates, which is creating a positive outlook for the market. The market is further driven by the shifting purchasing patterns of the masses and the rising trend of fast fashion on the global level. Also, continual product innovations, including the introduction of smart textiles that are commonly embedded with electronic components, conductive threads, and advanced technologies for sensing mechanical, chemical, electrical or magnetic stimuli, are providing an impetus to the market growth. Some of the other factors contributing to the market growth include the increasing demand for e-textile patches in the medical sector and the growing adoption of natural and sustainable textile products. Looking forward, the market value is projected to reach USD 1,484.7 Billion by 2033, expanding at a CAGR of 3.57% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Raw Material, Product, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Aditya Birla Ltd., Arvind Limited, Asahi Kasei Corporation, BSL Limited, China Petroleum & Chemical Corporation, DuPont de Nemours Inc., Honeywell International Inc., INVISTA (Koch Industries Inc.), Paramount Textile Mills (P) Ltd, Solvay and Toray Industries Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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