Indian Textiles and Apparel Market

Market Overview:

The Indian textile and apparel market size reached US$ 197.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 592.7 Billion by 2032, exhibiting a growth rate (CAGR) of 12.6% during 2024-2032. The increasing demand for premium quality clothing and footwear items, rising number of schemes launched by the Government of India to empower weavers, and the growing ethically sourced sustainable materials represent some of the key factors driving the market.

Textile refers to various fiber-based materials made by knitting, weaving, or stitching yarns and fabrics, while apparel refers to clothing and footwear items, such as shirts, pants, coats, skirts, suits, heels, sneakers, and boots worn by adults and children. They are intricately designed by skilled weavers and are produced from cotton, linen, leather, satin, lace, crepe, chiffon, silk, and denim or a blend of various materials. They rely on handlooms and power looms and play an integral part of the fashion industry. They are also dyed with various vibrant pigments and often coated with chemicals to make them water-resistant and durable.

Indian Textile and Apparel Market Trends:

At present, the rising demand for textiles and apparel to manufacture premium quality clothing and footwear represents one of the key factors influencing the market positively in India. Besides this, the Government of India is undertaking initiatives to empower domestic textile manufacturers. They are consequently providing financial assistance to the weavers by launching production-linked incentive (PLI) schemes to improve the production of textiles and apparel in the country. In addition, the easy accessibility and availability of various raw materials, such as cotton, wool, and silk, in India is contributing to the growth of the market. Apart from this, key market players are manufacturing textiles and apparel with sustainable and ethically sourced materials, such as vegan leather and plant-based faux fur, to prevent animal cruelty and reduce the implementation of unethical practices in rearing animals. They are also minimizing the use of various toxic chemicals in the textile processing and dying method to reduce water pollution in India. Additionally, the rising utilization of various silks and leather by luxury apparel brands to manufacture multiple clothing items and durable bags and footwear is propelling the growth of the market in the country. Moreover, the growing number of e-commerce businesses and distribution channels selling premium quality fabrics and apparel online is offering a favorable market outlook. Furthermore, the increasing demand for durable and long-lasting clothing and footwear items due to the rising awareness about the harmful impacts of fast fashion on the environment is bolstering the market growth in India.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian textile and apparel market report, along with forecasts at the country and state level from 2024-2032. Our report has categorized the market based on raw material, application and product type.

Raw Material Insights:

• Natural Fibres
• Man-Made Fibres

The report has provided a detailed breakup and analysis of the Indian textile and apparel market based on the raw material. This includes natural fibres and man-made fibres. According to the report, natural fibres represented the largest segment.

Application Insights:

• Clothing Textiles
• Technical Textiles
• Fashion Textiles
• Home-Décor Textiles
• Other Textiles
   

A detailed breakup and analysis of the Indian textile and apparel market based on the application has also been provided in the report. This includes clothing textiles, technical textiles, fashion textiles, homer-décor textiles, and other textiles. According to the report, clothing textiles accounted for the largest market share.

Product Type Insights:

• Yarn
• Fabric
• Fibre
• Others
   

A detailed breakup and analysis of the Indian textile and apparel market based on the product type has also been provided in the report. This includes yarn, fabric, fibre, and others. According to the report, yarn accounted for the largest market share.

State Insights:

• Maharashtra
• Uttar Pradesh
• Tamil Nadu
• Gujarat
• Karnataka
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets that include Maharashtra, Uttar Pradesh, Tamil Nadu, Gujarat, Karnataka, and others. According to the report, Maharashtra was the largest market for textile and apparel in India. Some of the factors driving the Maharashtra textile and apparel market included the increasing number of skilled weavers, thriving e-commerce industry, rising availability of raw materials, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the Indian textile and apparel market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Welspun Group, Vardhman Group, Alok Industries Limited, Raymond limited, Bombay Dyeing, and Garden Silk Mills Limited. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Indian textile and apparel market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the Indian textile and apparel market.
• The study maps the leading as well as the fastest growing regional markets.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Indian textile and apparel industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.