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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