Textile Market Size Worth $1,420.3 Billion By 2030

The global textile market size was USD 993.6 billion in 2021 which is projected to expand at a CAGR of 4% and reach USD 1420.3 billion by 2030. Primary reasons likely to drive this growth include the expansion of e-commerce portals and the high demand for clothing and apparel from the fashion sector. Besides, the processes of design, distribution, and production tend to result in the manufacture of finished and semi-finished clothing, which positively affects the market growth during the forecast period.

The outbreak of the COVID-19 pandemic brought about trade restrictions globally, which resulted in supply chain challenges, and depreciation in the use of textile products, which limited the growth of the market. Later, due to public awareness and government support for initializing precaution strategies, there was scope for the market to recover from the pandemic and strive to develop in the coming years.

Smart textiles that constitute the usage of polymers, optical fibers, and metals for the maintenance of environmental sustainability are expected to drive market growth during the forecast period.

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Textile Market Report Highlights

• Based on raw material insights, the cotton segment upheld the market with a 39% revenue share in 2021 owing to its high strength, color retention, and absorption properties

• The wool-based textile segment dominated the textile market with a revenue share of 13.3% in 2021 on the account of its increased utilization in manufacturing winter wears

• Based on product insights, the natural fiber segment accounted for 44.5% of revenue share in 2021 and is projected to reveal the highest CAGR due to its increased use in the fashion industry, and the consumers’ demand for sustainable products

• Based on application insights, the fashion application segment upheld the market with the largest revenue share of 73% in 2021 owing to a high surge in the demand for clothing fabrics, and growth in urbanization in developing economies

• Based on regional insights, Asia Pacific dominated the market with a 48% revenue share in 2021 on the account of increased sales of apparel as consumers are intended to purchase a high volume of clothes on e-commerce platforms

Textile Market Report Segments

Textile Raw-material Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)
    • Cotton
    • Chemical
    • Wool
    • Silk
    • Others

Textile Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)
    • Natural fibers
    • Polyesters
    • Nylon
    • Others

Textile Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)
    • Household
        • Bedding
        • Kitchen
        • Upholstery
        • Towel
        • Others
    • Technical
        • Construction
        • Transport
        • Medical
        • Protective
    • Fashion & Clothing
        • Apparel
        • Ties & Clothing accessories
        • Handbags
        • Others
    • Others

Textile Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • France
        • Italy
        • U.K.
        • Turkey
        • Russia
    • Asia Pacific
        • China
        • India
        • Japan
        • Australia
    • Central & South America
        • Brazil
    • Middle East & Africa
        • Saudi Arabia
        • Iran

List of Key Players in Textile Market
    • 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.
    • Mayur Suitings
    • JCT Ltd.