"Executive Summary Textile Market Value, Size, Share and Projections

Data Bridge Market Research analyses that the Textile market which was USD  1,122.00 million in 2022, would rocket up to USD 2,961.72 million by 2030, and is expected to undergo a CAGR of 12.90% during the forecast period. 

The top notch Textile Market report explains current and future market trends and carries out analysis of the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. This market research report is prepared with a nice blend of industry insight, smart and practical solutions and newest technology to present better user experience. The report has bottomless knowledge and information on what the market’s definition, classifications, applications, and engagements are and also explains the drivers and restraints of the market which is derived from SWOT analysis. An international Textile Market report also provides better market insights with which driving the business into right direction becomes easy.

Textile Market research report lends a hand to business in every sphere of trade to take first-class decisions, to tackle the toughest business questions and reduce the risk of failure. The significant highlights of this market report are key market dynamics, current market scenario and future prospects of the sector. The large scale Textile Market document is an absolute overview of the market that spans various aspects such as product definition, customary vendor landscape, and market segmentation based on various parameters such as type of product, its components, type of management and geography.

Plan smarter with expert insights from our extensive Textile Market research. Download now:
https://www.databridgemarketresearch.com/reports/global-textile-market

Textile Business Landscape Review

Segments

- By Type:
- Non-Woven
- Woven
- Knitted
- Technical Textiles
- By Raw Material:
- Cotton
- Chemical
- Wool
- Silk
- Others
- By Application:
- Apparel
- Home Textiles
- Industrial
- By End-User:
- Apparel
- Healthcare
- Automotive
- Others

The global textile market is segmented based on type, raw material, application, and end-user. In terms of type, the market is categorized into non-woven, woven, knitted, and technical textiles. Non-woven textiles are expected to witness significant growth due to their increasing usage in medical and hygiene products. Woven textiles are widely used in apparel and home textiles, driving their market growth. Knitted textiles are known for their comfort and stretchability, making them popular in sportswear and casual clothing. Technical textiles, with their specialized functionalities, are finding applications across various industries such as construction, aerospace, and healthcare.

Raw material segmentation includes cotton, chemical, wool, silk, and others. Cotton textiles are the most commonly used due to their breathability and comfort. Chemical textiles, which include synthetic fibers like polyester and nylon, offer properties like durability and stain resistance. Wool textiles are known for their warmth and luxurious feel, making them popular in winter clothing. Silk textiles are highly valued for their softness and lustrous appearance. Other raw materials such as jute and hemp are gaining traction due to their sustainability and eco-friendly nature.

The application segment comprises apparel, home textiles, and industrial textiles. The apparel sector dominates the market, driven by changing fashion trends and rising disposable incomes. Home textiles, including bedding, curtains, and towels, are witnessing steady growth due to the increasing focus on home décor. Industrial textiles find applications in geotextiles, automotive textiles, and filtration products, among others, catering to the specific needs of different industries.

End-user segmentation includes apparel, healthcare, automotive, and others. The apparel industry is the largest consumer of textiles, fueled by the growing population and fashion consciousness. Healthcare textiles, such as surgical gowns and wound dressings, are experiencing increased demand with the emphasis on hygiene and infection control. Automotive textiles, used in car interiors and seating, are benefitting from the expanding automotive sector. Other end-users, including sports goods and packaging industries, are also driving the demand for textiles.

Market Players

- Aditya Birla Group
- Indorama Corporation
- Lenzing AG
- Toray Industries Inc.
- Invista
- Paramount Textile Group
- Reliance Industries Limited
- Weiqiao Textile Company Limited
- DyStar Group
- Bombay Dyeing
- GHCL Limited

Key market players in the global textile industry include Aditya Birla Group, Indorama Corporation, Lenzing AG, Toray Industries Inc., Invista, Paramount Textile Group, Reliance Industries Limited, Weiqiao Textile Company Limited, DyStar Group, Bombay Dyeing, and GHCL Limited. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position and expand their global presence. The increasing demand for eco-friendly and sustainable textiles is driving investments in research and development to offer innovative solutions. Market players are also emphasizing technological advancements to enhance product quality and efficiency, meeting the evolving needs of customers in various end-user industries.

The global textile market is witnessing a significant shift towards sustainability and eco-friendly practices. Consumers are increasingly conscious of the environmental impact of the products they purchase, leading to a growing demand for textiles made from organic and recycled materials. This trend is driving textile manufacturers to invest in sustainable production processes and materials, such as organic cotton, recycled polyester, and biodegradable fibers. Market players are collaborating with sustainable material suppliers and certification bodies to ensure transparency and credibility in their sustainability claims.

Another emerging trend in the textile industry is the focus on smart textiles and wearable technology. Advancements in material science and electronics have enabled the integration of sensors, actuators, and other electronic components into fabrics, opening up new possibilities for interactive and functional textiles. Smart textiles find applications in sports performance monitoring, healthcare diagnostics, and military performance enhancement, among others. Market players are investing in research and development to create innovative smart textile solutions that meet the growing demand for technologically advanced and user-friendly products.

The COVID-19 pandemic has had a substantial impact on the global textile market. Disruptions in the supply chain, temporary closures of manufacturing facilities, and fluctuations in consumer demand have all contributed to the challenges faced by the industry. However, the crisis has also spurred innovation and adaptation within the sector. Textile manufacturers have pivoted to produce medical textiles like masks, gowns, and protective equipment to meet the urgent healthcare needs during the pandemic. This diversification of product offerings has showcased the flexibility and resilience of the textile industry in responding to unexpected challenges.

E-commerce and digitalization are reshaping the textile market landscape by providing new avenues for sales and marketing. Online platforms have become crucial channels for reaching a wider customer base and enabling direct-to-consumer sales. Market players are leveraging digital technologies for personalized marketing, virtual product showcasing, and streamlined supply chain management. The convenience and accessibility of online shopping have propelled the growth of e-commerce in the textile industry, prompting companies to invest in omnichannel strategies to enhance the overall customer experience.

Overall, the global textile market is undergoing a transformation driven by sustainability, innovation, digitalization, and adaptability. Market players that can navigate these trends effectively and align their strategies with changing consumer preferences are poised to thrive in the evolving landscape of the textile industry. As the market continues to evolve, collaboration, agility, and a customer-centric approach will be key differentiators for success in the dynamic and competitive textile sector.The global textile market is characterized by various trends and dynamics that are shaping its growth and evolution. One significant trend is the increasing consumer demand for sustainable and eco-friendly textiles. With rising awareness about environmental issues and the impact of textile production on the planet, consumers are seeking products made from organic and recycled materials. This shift towards sustainability is driving textile manufacturers to adopt cleaner production processes and source materials responsibly. Companies that can offer transparent and credible sustainable solutions are likely to gain a competitive edge in the market.

Another key trend in the textile industry is the rise of smart textiles and wearable technology. Advancements in material science and electronics have enabled the integration of sensors, actuators, and other electronic components into fabrics, opening up new possibilities for interactive and functional textiles. The application of smart textiles spans across various sectors such as sports performance monitoring, healthcare diagnostics, and military applications. Market players investing in research and development to create innovative smart textile solutions are well-positioned to capitalize on the growing demand for technologically advanced and user-friendly products.

The COVID-19 pandemic has had a profound impact on the global textile market, presenting challenges as well as opportunities for industry players. Disruptions in the supply chain, temporary closures of manufacturing facilities, and shifts in consumer demand have forced companies to adapt quickly. However, the crisis has also spurred innovation within the sector, with textile manufacturers pivoting to produce essential medical textiles like masks and protective equipment. This diversification of product offerings has highlighted the flexibility and resilience of the textile industry in responding to unforeseen challenges.

Furthermore, the rise of e-commerce and digitalization is reshaping the competitive landscape of the textile market. Online platforms have become essential channels for reaching a broader customer base and enabling direct-to-consumer sales. Market players leveraging digital technologies for personalized marketing, virtual product showcasing, and efficient supply chain management are gaining a competitive advantage. The convenience and accessibility of online shopping have fueled the growth of e-commerce in the textile sector, prompting companies to invest in omnichannel strategies to enhance the overall customer experience.

In conclusion, the global textile market is witnessing a transformation fueled by sustainability initiatives, innovation in smart textiles, adaptation to the COVID-19 pandemic, and the digitization of sales and marketing channels. Companies that can embrace these trends, focus on sustainability, drive innovation, and enhance their digital capabilities will be well-equipped to succeed in the dynamic and competitive landscape of the textile industry. Collaboration, agility, and a customer-centric approach will be crucial for industry players looking to thrive in the evolving market environment.

Dive into the company’s market size contribution
https://www.databridgemarketresearch.com/reports/global-textile-market/companies

Textile Market Intelligence: Key Analytical Question Sets

• What is the worldwide market size for the Textile industry?
• What is the estimated growth per annum from 2025 onward?
• Which features are used to segment the Textile Market?
• Who are the industry disruptors?
• What cutting-edge products are reshaping the Textile Market?
• Which countries are leaders in market adoption?
• What region leads in terms of export demand?
• Which countries offer the best expansion environment?
• Which regional market has plateaued?

Browse More Reports:

Global Pet Grooming Products Market
Global Convenience and Frozen Food Market
North America Cannabidiol (CBD) Market
Global Single-Molecule Real-Time Sequencing (SMRT) Market
Global 5-Hydroxytryptamine Receptor Agonist Market
Global Medical Devices Vigilance Market
Global Familial Adenomatous Polyposis Treatment Market
Middle East and Africa Agricultural Sprayers Market
Global Satellite Payloads Market
Global Automated Blood Collection Market
Middle East and Africa Process Safety Services Market
Global Fine Mist Sprayers Market
U.S. Cannabidiol (CBD) Market
North America Vagus Nerve Stimulation Market
Global Vertebroplasty Needles Market
Global Intestinal Ischemia Market
Global Spinal Cord Injury Treatment Market
New Zealand Surface Disinfectant Wipes Market
Global Melasma Treatment Market
Global Lubricant Anti-wear Agents Market
Global Fructooligosaccharides Market
Asia-Pacific Industrial Maintenance Services in Operational Improvement and Operational Maintenance Market
Global IVD Regulatory Affairs Outsourcing Market
Global Dystonia Drug Market
Europe Agricultural Sprayers Market
Global Pneumoconiosis Market
Global Veterinary Equipment and Disposables Market

About Data Bridge Market Research:

An absolute way to forecast what the future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Contact Us:
Data Bridge Market Research
US: +1 614 591 3140
UK: +44 845 154 9652
APAC : +653 1251 975
Email:- [email protected]