APAC Textile Industry - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by material, process and application type.

Market Snapshot

market size
Study Period:

2015-2024

Base Year:

2018

Largest Market:

China

CAGR:

5.5%

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The APAC textile industry is estimated to be around USD 380 billion in 2018 and is projected to grow at a CAGR of approximately 5.5% during the forecast period to reach approximately USD 520 billion by 2024.

  • Asia is the main hub for textile industry. Asia-Pacific is the leading region in the global textile yarn market, followed by North America. Polyester and cotton are widely used textile yarn products in the region.
  • Changing consumption pattern, increasing population, disposable incomes, the increasing demand for clothing along with home furnishing products in Asia-Pacific region are major growth factors.
  • China is the major exporter with total share of 37% in the global trade of textile & apparel sector followed by other countries like India, Bangladesh, Indonesia, Vietnam & Cambodia.
  • The textile industry is highly labor intensive industry. Hence, lower cost of production &cheap labor are the main reasons for growth of Textile industry in the Asian countries.
  • USA, European Countries, UK & Japan are the major export market for Asian countries. China controls about 40 percent of global textile markets& India claims second position.

Scope of the Report

This report aims to provide a detailed analysis on the APAC textile industry. It focuses on the market dynamics, technological trends, and insights on various material, process, and application types. Also, it analyses the major players and the competitive landscape in the APAC textile industry.

Application Type
Clothing
Industrial/Technical Applications
Household Applications
By Material Type
Cotton
Jute
Silk
Synthetics
Wool
Process Type
Woven
Non-woven

Report scope can be customized per your requirements. Click here.

Key Market Trends

Growing Demand for Technical Textile Products in the APAC Region

  • The demand for technical textiles in APAC is expected to grow at a CAGR of more than 12% during the forecast period.
  • The demand for the durable non-woven technical textile, investment promotion schemes by the governments in Asia and growing demand for the diapers to help the growth of the disposable non-woven textile. Hence, the market of technical textile will increase in the Asia Pacific region more significantly over the recent few years, which in turn is expected to drive the textile industry in the region.
  • In 2018, China accounted for approximately 25% of the overall technical textile exports globally and is the largest manufacturer of technical textiles in the world. Apart from China, Countries in APAC such as India, Bangladesh, Indonesia, and Vietnam are expected to increase technical textiles production owing to the increasing demand from Europe and North America.
  • Also, APAC is expected to account for 50% of the global technical textile industry due to the rapid growth in countries such as China and India particularly in the non-woven textiles segment over the next few years.
Trend 1

To understand key trends, Download Sample Report

Shift in Consumer Perception

  • The shift in consumer perception of affordable and comfortable clothing increases the demand for high-value fabrics such as viscose, silk, and hemp. Blended varieties of fibres are also growing exponentially due to significant features of artificial and natural yarn thus opening up new markets and growth opportunities in the coming years.
  • Polyester and cotton are widely used textile yarn products in the region. Changing consumption pattern, increasing population, disposable incomes, the increasing demand for clothing along with home furnishing products in Asia-Pacific region are major growth factors.
  • Also, the demand for home textiles are rising in the APAC region. Home textile includes products such as blankets, bed sheets, table cloths, cleaning and kitchen cloths, drapes, bed covers, sheers, wall carpets, sleeping bags, terry towel, mattresses, quilts, pillows, tapestry etc., which are utilized in the interiors of homes, hotels, offices, etc.
Trend 2

To understand geography trends, Download Sample Report

Competitive Landscape

The report covers the major players operating in the APAC textile industry. In terms of market share, the companies in the textile industry do not have considerable amount of market share as the market is highly competitive and fragmented.

Major Players

  1. Jihua Group
  2. Heilan Home
  3. Shenzhou International Group
  4. ANTA Sports Products
  5. Weiqiao Textile

* Complete list of players covered available in the table of contents below

CL

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Growth Drivers

    3. 4.3 Market Challenges

    4. 4.4 Market Opportunities

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Technological Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application Type

      1. 5.1.1 Clothing

      2. 5.1.2 Industrial/Technical Applications

      3. 5.1.3 Household Applications

    2. 5.2 By Material Type

      1. 5.2.1 Cotton

      2. 5.2.2 Jute

      3. 5.2.3 Silk

      4. 5.2.4 Synthetics

      5. 5.2.5 Wool

    3. 5.3 Process Type

      1. 5.3.1 Woven

      2. 5.3.2 Non-woven

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Competition Overview

    2. 6.2 Key Company Profiles

      1. 6.2.1 Jihua Group

      2. 6.2.2 Heilan Home

      3. 6.2.3 Shenzhou International Group

      4. 6.2.4 ANTA Sports Products

      5. 6.2.5 Weiqiao Textile

      6. 6.2.6 Texhong Textile Group

      7. 6.2.7 Arvind Ltd

      8. 6.2.8 Bombay Dyeing and Manufacturing Company Ltd

      9. 6.2.9 Bombay Rayon Fashions Ltd

      10. 6.2.10 Fabindia Overseas Pvt Ltd

      11. 6.2.11 Raymond Ltd

      12. 6.2.12 Vardhman Textiles Ltd

  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE MARKET OUTLOOK

  9. 9. APPENDIX

  10. 10. Disclaimer

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information