Textile Market 2025 Price Trend | Opportunities, Demand, Size Estimation and Opportunities

The global Textile Market size is estimated to touch USD 1,350.2 billion by 2027. The market is expected to register the CAGR of 4.3 % over the forecast duration, according to a new report by Million Insights, Growing disposable income and rapid urbanization in emerging countries such as India, Mexico, Brazil and China are anticipated to propel the market growth over the next few years.

 

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Market Synopsis of Textile Market:

 

Growing demand for personal protective equipment to ensure work safety and rising demand from the healthcare sector is bolstering the product demand. Further, the emergence of e-commerce sectors that led to wide penetration of clothing and related materials are driving the growth of textiles market.

 

Technical advancement in electronic industry and the growing use of materials for conductivity have led to a rise in demand for smart textile. Further, development of upholstery products obtained from spider silk and coated fabrics is estimated to positively affect the market growth.

 

Owing to the presence of several local and international players, the market is competitive in nature. Major players in collaboration with several e-commerce giants are focusing on increasing the penetration of their products. Moreover, the growing trend of offering tailor-made products are supplementing the market growth.

 

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Table of Contents:-

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Textile: Market Variables, Trends & Scope              

Chapter 4 Textile: Product Estimates & Trend Analysis

Chapter 5 Textile: Application Estimates & Trend Analysis

Chapter 6 Textile: End-use Estimates & Trend Analysis

Chapter 7 Textile: Industrial End-use Estimates & Trend Analysis

Chapter 8 Textile: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Chapter 10 Textile: Manufacturers Company Profiles

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The impact of COVID-19 on Textile Market Share, Revenue, Drivers, Trends and Influence Factors Historical & Forecast Till 2027

Textile Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, Size, Share, Trends, Growth Factors, Revenue By Application And Segment Forecasts To 2027.

Global Textile Market size was worth USD 961.5 billion in 2019. The market is projected to grow at a CAGR of 4.3% over the forecast duration. Rising demand for apparel in emerging countries such as India, Bangladesh, China and Mexico are driving the market growth. Further, urbanization has resulted in a rise in the number of retail and supermarket across the world, which, in turn, driving the sales of the products.

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Textile is formed using different processes such as weaving, felting, knitting and crocheting. It is used to produce a variety of goods including kitchen, bedding, medical, apparel, clothing accessories and upholstery. Increasing demand for these products in the across various end-use industries is propelling the textiles market growth.

In North America, the U.S is projected to occupy the largest market share. Owing to increasing demand from apparel and fashion industry, natural fibers are anticipated to gain traction over the forecast period. Major textile players in the region are focusing on strengthening their business presence and developing products in a niche segment.

 The demand for personal protective equipment (PPE) is increasing owing to the growing safety concern for workers. This demand has further intensified in the medical industry owing to the recent outbreak of COVID-19. Fiber products such as nylon are estimated to gain traction owing to its use in PPE.

Smart textile is the other segment that is expected to supplement market growth over the forecast duration. Such as textiles are widely used in technically advanced sensing devices. Consumers use smart textile for clothing purpose while military personal uses it for safety and protection purpose.

Raw Material Insights

On the basis of raw materials, the textile market is categorized into chemical, silk, cotton and others. Of them, the cotton acquired 39.5% of the market share by volume in 2019. Features such as color retention, high absorbency and strength are driving the growth of cotton products. Countries such as India, U.S and China are among major cotton producers globally.

In the textile industry, chemical plays a vital role. Oxalic acid, soda ash, acetic acid and sulphuric acid are the key chemical used while manufacturing of textile. This chemical helps in retaining the color of the textile and provide an aesthetic appearance. Growing demand for aesthetically appealing textile materials is estimated to drive the use of chemical products in the textile materials.

In 2019, wool-made textile held 12.6% of the market share by volume. Wool fiber, alternatively known as keratin, contains nitrogen, Sulphur, hydrogen and carbon. Wool is used in abundant amount in producing winter wear products. Its recyclability and moisture management properties are major factors driving their demand.

On the other hand, silk is widely used owing to its features such as elasticity, absorbency and high strength. Silk segment is projected to witness the highest growth with CAGR of 4.7% over the forecast duration.

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