USD 169.83 Billion
Report ID:
SQMIG25M2061 |
Region:
Global |
Published Date: December, 2024
Pages:
223
|Tables:
87
|Figures:
76
Global Textile Fabrics Market size was valued at USD 169.83 Billion in 2023 and is poised to grow from USD 182.74 Billion in 2024 to USD 328.35 Billion by 2032, growing at a CAGR of 7.6% during the forecast period (2025-2032).
The global textile fabrics market is expected to grow due to increasing demand for clothing and the rapid expansion of e-commerce. In many developing countries, economic prosperity and improved purchasing power as well as spending conditions are reshaping market trends. Consumers are placing a growing emphasis on fashion, influenced by frequent exposure to marketing and impulsive purchasing behaviour. Companies like H&M and Zara are heavily using social media platforms to connect with prospective clients and expand their market shares to target a wide range of consumers.
There's a significant demand for smart textiles that interact with the environment using optical fibers, metals and conductive polymers. These textiles can identify and respond to various physical stimuli such as mechanical, thermal, chemical, and electric sources.
Also, the companies are increasingly adopting eco-friendly options due to consumer demand for biodegradable textile fabrics. Many key players are investing in producing sustainable products. For instance, DuPont's plant-based faux fur for athletic fashion apparel and Eastman's utilization of leftover carpet in new materials are anticipated to open substantial industrial avenues throughout the forecast period.
However, the recent COVID-19 pandemic has presented challenges to the market. Global trade restrictions, broken supply chains, and a decline in textile demand during lockdowns have severely impacted the industry worldwide. Despite this, the industry is expected to rebound robustly during the projection period, supported by government backing and growing public awareness of preventive measures.
Market snapshot - 2025-2032
Global Market Size
USD 169.83 Billion
Largest Segment
Cotton
Fastest Growth
Cotton
Growth Rate
7.6% CAGR
To get more reports on the above market click here to Buy The Report
Global Textile Fabrics Market is segmented by type, application and region. Based on type, the market is segmented into cotton, polycottons, polyester and others. Based on application, the market is segmented into t-shirts, sportwear, outdoor clothing, performance wear and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Based on raw materials, the market is divided between cotton, chemical-based, wool and others. Cottons holds a significant portion of this market. It was accounted for 38% of the overall revenue in 2023. China, India and US are biggest producers of the cotton and cotton-based market. Cotton has been consumers' favourite due to its properties like high strength, absorption and colour retention.
Chemical-based textile has been in demand due to their versatility and durability. They play essential role in textile manufacturing industry. Nylon, polyesters, polypropylene etc are examples of chemical based. Wool and other materials like silk, jute also attracts major consumers due to their qualities and properties. Silk finds extensive use in manufacturing clothing items, surgical sutures, parachutes, silk comforters, and other products having high strength and elasticity, which is expected to drive the segment growth over the forecast period.
Based on Products, the Global Textile Fabrics Market is segmented into Natural and Synthetic Fibres.
Natural fibres led the industry and held a 44.1% share of revenue in 2022 due to their broad use in a variety of applications in the fashion & apparel sector. Due to increase in environmental awareness and shift towards sustainability, the market for natural fibres has been in huge demand as they are easily degradable in the nature. But at the same time, the pricing position can create a challenge for this growing sector as they are costlier than synthetic fibers.
Whereas Synthetic Fibers are growing at a significant rate. Synthetic –fibers are cheap and easily accessible. Polyester for instance, is predicted to experience a 7.4% increase in sales between 2023 and 2030' It attracts consumers due to its high strength and rapid drying. One major factor contributing their demand is that they offer consistent quality and supply year-round, regardless of seasonal variations and weather conditions. Unlike natural fibers, which are subject to fluctuations in crop yields, climate conditions, and agricultural factors. They are generally used to make carpets, air filters and many other items. Concerns over the use of toxic chemicals and can create a block in this segment.
Based on application, the market is segmented into apparels, household and technical.
The apparel segment holds a significant market portion due to the dominance of fashion industry in the market which has 72.4% share of worldwide sales in 2022 as the consumer spending on clothing and textiles has increased in the recent times. The increase in trends for fast-fashion and changing trends across the world in every age group has fuelled the market. The need for clothes and apparel is also projected to increase due to rising urbanization and population in developing nations like Bangladesh, India, Vietnam, Brazil, and others, which would help the market expand.
Whereas demand in Household and technical uses also drives the market. Both the segments are equally contributing the textile market and are expected to grow at a faster rate. Due to its high-performance qualities the demand for textiles in the technological category is anticipated to increase by 7.7%, in terms of value over the projected period. Additionally, the market for textiles is being driven by their rising use in industries including construction, transportation, medicine, and protective apparel. The use of textiles in household also plays important role in the growth of this market. They are mainly used in beddings, kitchen cloth, curtains, towels, napkins etc. The growing emphasis on comfort, wellness, and relaxation at home encourages consumers to invest in high-quality and comfortable household textiles. Soft and breathable fabrics, such as cotton, linen, and bamboo, are in high demand for bedding, towels, and upholstery to enhance comfort and promote relaxation.
To get detailed analysis on other segments, Request For Free Sample Report
The Asia –Pacific region is dominating this market with a revenue share of more than 53% in 2023 and is expected to grow with compound annual growth rate of 9.7% from 2023 to 2030. The growing population in countries like India and China plays an important role in boosting of this market in this region. With growing economic and consumer spending, this region is further adding to the market growth and its development.
North Ameria is expected to witness a strong growth in the upcoming future because of booming industrial manufacturing and the rise in the release of the number of new products in the field of fashion and sports industries. It has been a significant cotton producer in this industry which caters to demand for textiles products from several end-use industries. Specifically, the textile market is experiencing a huge product demand for industrial manufacturing from the home textile sector leading to increase in use of technical textile as they are becoming more aware of its advantages.
In Europe, the textile market is expected to expand at a significant rate due to government policies and trade agreements like free-trade agreements and the Euro-Mediterranean Dialogue in the textile and clothing textile industry.
The demand for textiles in Latin America as well as Middle East and Africa will likely witness promising growth over the projected period, owing to the rapidly rising popularity of textile products. In addition to that the consumption of textile fibers, such as synthetic and cellulose fibers, needed for filtration in industrial applications is expected to impact the market growth over the forecast period positively.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Growing Population and Urbanization.
Demographic Shifts and Lifestyle Changes.
Labour Costs and Workforce Challenges.
Market Saturation and intense competition.
Request Free Customization of this report to help us to meet your business objectives.
There is an intense competition in this market. Companies are trying hard to keep with the consumer choices and preference. With changing choices and demand for new products has driven the market to produce new innovative products. Through tactics like geographic expansions, mergers, acquisitions and strategic partnerships, the, market has seen a rising trend. There are numerous government trade collaborations with e-commerce platforms like Amazon, Flipkart and others which help them to boost their sales over the time. In developing countries like China and India, the market is fragmented due to presence of several small and medium sized manufacturers. Additionally, the market is expected to witness a healthy growth because of simple accessibility of cheap labours and governmental backing for the establishment of commercial spaces of major firms across the nations.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Textile Fabrics Market analysis, growth in wealthy population, increased awareness towards eco-friendly and sustainable products, changing fashion trends will help driving this market. Increased wealthy population and increased disposable incomes are also some of the major factors driving the growth of the global market. Rising of digitization, and the increase in e-commerce platforms will play a huge role, as they will boom the demand for clothing and household textile. Based on raw materials, cotton is leading the market due to its high strength, absorption and colour retention properties. Based on products, natural fibres are dominating the market due to their wider range of applications in the fashion & apparel sector. Also, the increase in environmental awareness and shift towards sustainability has also driven the demand for natural fibre as they are eco-friendly and biodegradable. Based on application the apparel segment holds a significant market portion. The increase in trends for fast-fashion and changing trends across the world in every age group has fuelled the market. Based on the region, the Asia –Pacific region is dominating this market and is expected to grow in the upcoming years due to rising population, growing economic and consumer spending, this region is further adding to the market growth and its development.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 169.83 Billion |
Market size value in 2032 | USD 328.35 Billion |
Growth Rate | 7.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Textile Fabrics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Textile Fabrics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Textile Fabrics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Textile Fabrics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
REQUEST FOR SAMPLE
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG25M2061
[email protected]
USA +1 351-333-4748