Textile Market to see Rapid Growth by 2028

The textile market is projected to grow at a CAGR of 4.8% during the forecast period (2022-2028). The textile sector is an ever-growing market with remarkable growth prospects almost all across the globe. Favourable demographics, increasing per capita income, and a shift in preference toward branded products to drive demand for textile, globally. Superior quality and advantageous trade policies are also estimated to play an imperative role and boost textile exports.

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Growth in building and construction will continue to drive demand for non-clothing textiles. The availability of raw materials such as cotton, wool, silk and jute is in abundance, which, in turn, has provided a significant boost to the market. Developing countries such as China and India are playing a pivotal role in the overall textile industry. The central forte of the Indian textile industry is its robust production base of a wide range of fiber, yarns from natural fibers like silk, jute, cotton, and wool to synthetic, man-made fibers such as acrylic, nylon, polyester, and viscose.

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Global Textile Market Segmentation

By Material

  • Cotton
  • Jute
  • Silk
  • Synthetic
  • Wool
  • Others

By Application

  • Fashion and Clothing
  • Industrial/Technical
  • Household

Regional Analysis

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

Company Profiles

  • Aditya Birla Group
  • Arvind, Ltd.
  • BSL, Ltd.
  • Chori Co., Ltd.
  • Elevate Textiles, Inc. (International Textile Group)
  • Far Eastern New Century Corp.
  • Glen Raven, Inc.
  • HuaFang Group
  • Hyosung TNC Corp.
  • Koch Industries, Inc.
  • Lakshmi Mills Co.
  • Nisshinbo Holdings, Inc.
  • Paramount Textile, Ltd.
  • POLLACK
  • PVH Corp.
  • Ralph Lauren Corp.
  • Raymond Group
  • Reliance Industries, Ltd.
  • River Island
  • Shandong Ruyi Technology Group Co.
  • Shandong Weiqiao Pioneering Group Co., Ltd.
  • Solvay S.A.
  • Successori REDA SpA
  • Texhong Textile Group, Ltd.
  • The Ruby Mills, Ltd.
  • Topman
  • Toray Industries, Inc.

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