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

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

Market Snapshot

market size
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The global textile industry is estimated to be around USD 920 billion in 2018 and is projected to grow at a CAGR of approximately 4.4% during the forecast period to reach approximately USD 1,230 billion by 2024.

  • The textile industry is an ever-growing market with key competitors being the countries China, European Union, the United States and India.
  • China is the world's leading producer and exporter of both raw textiles and garments. The United States is the leading producer and exporter of raw cotton, while also taking the prize for the top importer of raw textiles and garments.
  • The textile industry of the European Union has Germany, Spain, France, Italy and Portugal on the forefront with a value of more than 1/5th of the global textile industry and is currently valued at more than 160 billion USD.
  • India is the third largest textile manufacturing industry and holds an export value of more than 30 billion USD. India is responsible for more than 6% of the total textile production globally and is valued at approximately 150 billion USD.

Scope of the Report

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

Application Type
Clothing
Industrial/Technical Applications
Household Applications
Material Type
Cotton
Jute
Silk
Synthetics
Wool
Process Type
Woven
Non-woven
Geography
North America
Latin America
Europe
Middle East and Africa
Asia Pacific

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Key Market Trends

Increasing Demand for Natural Fibers

  • Natural fiber composites are relatively lighter and have more strength than conventional fibers and therefore find extensive application in automotive industry for interior and exterior application.
  • Natural fibers obtained from plants and animals include cotton, silk, linen, wool, hemp, jute, and cashmere. These fibers are widely used to manufacture garments, apparel, construction materials, medical dressings, and interiors of automobiles among others.
  • The abundance of natural fibers, especially cotton in China, India, and the US is contributing significantly to the growth of the global textile market. Silk is used in upholstery and apparels, as it is available in both variations fine as well as coarse. Wool and jute are used as textile materials for their resilience, elasticity, and softness.
  • The increasing consumption of natural fibers such as cotton, silk, wool, and jute will drive the global textile market during the forecast period.
Trend 1

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Shifting Focus Towards Non-woven Fabrics

  • Increasing birth rate and aging population has contributed to growing demand for hygiene products such as baby diapers, sanitary napkins and adult incontinence products which in turn is expected to fuel the demand for nonwoven fabrics. 
  • Nonwovens are used in road construction in the form of geotextiles to increase the durability of roads. Low maintenance costs associated with nonwovens is expected to fuel its demand in construction applications.
  • Positive outlook on global automobile and transportation industry is further expected to propel growth for nonwoven fabrics market over the next six years. Automobile industry manufactures a large number of exterior and interior parts using nonwoven fabrics owing to its durability.
  • Rapid industrialization and recent innovations in the field of textile technology are other factors fueling demand for non-woven fabrics globally.
Trend 2

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Competitive Landscape

The report covers the major players operating in the global 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. Toray Industries, Inc.
  2. B.C. Corporation
  3. Inditex SA
  4. Shandong Weiqiao Pioneering Group Company Limited
  5. Nisshinbo Holdings Inc.

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

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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 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

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Latin America

      3. 5.4.3 Europe

      4. 5.4.4 Middle East and Africa

      5. 5.4.5 Asia Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Competition Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Toray Industries, Inc.

      2. 6.2.2 B.C. Corporation

      3. 6.2.3 Industria de Diseno Textil SA (Inditex SA)

      4. 6.2.4 Shandong Weiqiao Pioneering Group Company Limited

      5. 6.2.5 Nisshinbo Holdings Inc.

      6. 6.2.6 Chori Co., Ltd.

      7. 6.2.7 Texhong Textile Group Ltd.

      8. 6.2.8 Aditya Birla Nuvo Ltd.

      9. 6.2.9 Hyosung TNC Corp.

      10. 6.2.10 PVH Corp

      11. 6.2.11 Far Eastern New Century Corp

      12. 6.2.12 Arvind Ltd.

  7. 7. INVESTMENT ANALYSIS IN TEXTILE INDUSTRY

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 9. APPENDIX

  10. 10. Disclaimer

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