Asia-Pacific textile market is anticipated to grow at a CAGR of more than 5% during the forecast period. Growth in the Asia-Pacific apparel and non-apparel manufacturing market has continued to improve over the last five years, and growth will continue over the forecast period. Growth in this market has been driven by increasing disposable income and the dominance of fast fashion, which has driven China to become the leading exporter for clothing. Similarly in India, growth has been stimulated by low-priced labor and raw material, advances in textile technology and the ‘Make in India’ policy. However, in Japan apparel has struggled against countries like China and Bangladesh which offer more competitively priced goods.
The Asia-Pacific textile market is segmented based on material and application. Based on material, the textile market is segmented into cotton, jute, silk, synthetic, wool, and others. The application segment includes fashion and clothing, industrial/technical, and household. Demand for technical textile, high-value fabrics, including silk, hemp, and viscose is increased by the shift in consumer perception of sustainable and comfortable clothing in the region.
Country-wise, the market is segmented into China, Japan, India, ASEAN, South Korea, and the Rest of Asia-Pacific. The textile industry in China is the world’s largest textile industry in terms of both overall production and exports. Cotton productivity in China is almost 3 times that of India. Farm practices are highly mechanized in China and fertilizer & chemical usage is optimized. The imports from China are diverse, from fiber to garments all types of products are being imported.
India’s textile sector enjoys good growth prospects, owing to its long-standing traditions of textile and apparel manufacturing, and steady government support. In addition, this country of 1.4 billion people is home to a rising and increasingly affluent middle class that wishes to spend more on both home textiles and clothing.
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Asia-Pacific Textile Market Report Segment
By Material
- Cotton
- Jute
- Silk
- Synthetic
- Wool
- Others
By Application
- Fashion and Clothing
- Industrial/Technical
- Household
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Regional Analysis
- China
- India
- Japan
- ASEAN
- South Korea
- Rest of Asia-Pacific
Company Profiles
- Aditya Birla Group
- Arvind, Ltd.
- BSL, Ltd.
- Chori Co., Ltd.
- HuaFang Group
- Jiangsu Hengli Chemical Fiber Co., Ltd.
- Paramount Textile, Ltd.
- Raymond Group
- Reliance Industries, Ltd.
- Shandong Ruyi Technology Group Co., Ltd.
- Shandong Weiqiao Pioneering Group Co., Ltd.
- Shangtex Holding Co., Ltd.
- Shenzhou International Group Holdings Ltd.
- Shijiazhuang Changshan Textile Co., Ltd.
- Texhong Textile Group, Ltd.
- The Ruby Mills, Ltd.
- Toray Industries, Inc.
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