EUROPE TEXTILE INDUSTRY - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2027)

The Market is Segmented By Application Type (Clothing, Industrial/Technical Applications, and Household Applications), By Material Type (Cotton, Jute, Silk, Synthetics, and Wool), By Process Type (Woven and Non-woven). The report offers market size and forecast for Europe textiles for the above segments.

Market Snapshot

Europe Textile Market Overview
Study Period: 2017- 2026
Base Year: 2021
CAGR: >5 %
Europe Textile Market Major Players

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Market Overview

The textile industry is primarily concerned with the design, production, and distribution of yarn, cloth, and clothing. The raw material used may be natural or synthetic.

In Europe, the textile industry is a major contributor to the economy, employing nearly 6% of the working class in total manufacturing in the region. The COVID-19 outbreak has had a significant impact on business sectors and the overall economy of the European region. Europe is home to hundreds of leading retailers and brands, internationally acclaimed designers, thousands of talented emerging designers, and forward-thinking entrepreneurs, researchers, and educators. European high-quality textiles and premium fashion products are in growing demand, both in high-income countries such as the United, Switzerland, Japan, or Canada, but also emerging countries such as China and Hong Kong, Russia, Turkey, and the Middle East. Technical textiles are an undisputed success story of the European industry. In terms of international trade, both exports and imports of technical textiles have grown continuously over the years.

Scope of the Report

A complete background analysis of the Europe Textile Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and market overview, is covered in the report. The Market is Segmented Application Type into (Clothing, Industrial/Technical Applications, and Household Applications), Material Type into (Cotton, Jute, Silk, Synthetics, and Wool), and Process Type into (Woven and Non-woven). The report offers Market Size and forecasts for European Textile Market in Value (USD Billion) for all the above segments.

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

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Key Market Trends

Rise in the Demand for Organic Textiles and Fabrics

Organic clothing is available in cotton, jute, silk, kapok, hemp, or wool. The demand for organic clothing is rising, as more and more consumers become concerned about the environment. The European Textile sector is especially proactive in undertaking research work for the development of new and innovative products. Given the health and environmental benefits of organic products, more eco-conscious consumers are now shifting towards clothing made from organic textiles. In response to consumer demand and pressure to green its operations, the fashion industry is now taking new strides towards using more sustainable fabrics. Fast fashion giants are also taking the leap towards organic and recycled alternatives. H&M, for instance, has already increased its use of organic and recycled cotton to 95%.

Europe Textile Market Trends

Rising Disposable Income and Changing Consumers’ Shopping Behavior

The growth in disposable income and the increasing preference for online shopping are expected to drive the European textile market for the next few years. Online shopping is still growing in importance, although take-up varies significantly by region and country. About 5 % of household expenditure in Europe is spent on clothing and footwear, of which about 80 % is spent on clothes and 20 % on footwear. Furthermore, increasing disposable has led to a rise in the number of supermarkets and retail stores, thereby driving the overall market growth. The demand is very high for premium and branded products due to increasing per capita disposable income. Rising disposable income, along with investments in textile manufacturing would create lucrative growth prospects for the Textile market across the region.

Europe Textile Market Share

Competitive Landscape

The report covers major international players operating in the European textile industry. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

Recent Developments

  • March 2020 - Chargeurs and Noble Biomaterials collaborated to make antimicrobial-protected, high-quality PPE for the healthcare industry. Companies partnered to make urgently needed face masks and gowns for healthcare workers fighting the global Covid-19 pandemic.
  • June 2020 - Inditex unveiled a 2.7-billion-euro investment in technology to make it easier for customers to track the items they want, blurring the lines between online and in-store shopping. Using the fashion retailer's app, shoppers will be able to browse a specific store's stock to buy items for collection the same day, reserve a changing room, find garments in-store via a map, and self-check-out using QR codes. Inditex uses radiofrequency technology, attached as a chip to the alarm on clothing, to keep track of stock.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porters Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Clothing

      2. 5.1.2 Industrial/Technical Applications

      3. 5.1.3 Household Applications

    2. 5.2 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

      1. 5.3.1 Woven

      2. 5.3.2 Non-woven

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Salvatore Ferragamo SpA

      2. 6.2.2 Koninklijke Ten Cate NV

      3. 6.2.3 Inditex

      4. 6.2.4 Tirotex

      5. 6.2.5 Chargeurs SA

      6. 6.2.6 Zorlu Holding

      7. 6.2.7 Miroglio Spa

      8. 6.2.8 Aquafilslo S.p.a.

      9. 6.2.9 Getzner Textil Aktiengesellschaft

      10. 6.2.10 Fulgar SpA

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The Europe Textile Market market is studied from 2017 - 2026.

The Europe Textile Market is growing at a CAGR of >5% over the next 5 years.

Salvatore Ferragamo SpA, Koninklijke Ten Cate NV, Inditex, Tirotex, Chargeurs SA are the major companies operating in Europe Textile Market.

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