Global Textile Industry - Growth, Trends, and Forecast (2020 - 2025)

The Global Textile Industry is Segmented by Geography, Material Type, Process Type, and Application Type.

Market Snapshot

textile industry growth trends and forecast 2019 2024

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

Major Players:

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Market Overview

The global textile industry was estimated to be around USD 920 billion in 2018, and it is projected to witness 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 China, the 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 being the top importer of raw textiles and garments.
  • The textile industry of the European Union comprises Germany, Spain, France, Italy, and Portugal at the forefront with a value of more than 1/5th of the global textile industry, and it is currently valued at more than USD 160 billion.
  • India is the third-largest textile manufacturing industry and holds an export value of more than USD 30 billion. India is responsible for more than 6% of the total textile production, globally, and it is valued at approximately USD 150 billion.

Scope of the Report

This report aims to provide a detailed analysis of the global textile industry. It focuses on market dynamics, technological trends, and insights on the geographical segments and the 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 & 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 the automotive industry for interior and exterior applications.
  • 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 United States, is contributing significantly to the growth of the global textile market. Silk is used in upholstery and apparel, 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.
textile industry growth trends and forecast 2019 2024

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Shifting Focus toward Non-woven Fabrics

  • Increasing birth rate and aging population has contributed to the 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 non-woven fabrics. 
  • Nonwovens are used in road construction in the form of geotextiles to increase the durability of roads. Low maintenance costs associated with nonwovens are expected to fuel its demand in construction applications.
  • The positive outlook of the automobile and transportation industry, globally, is further expected to propel growth for the non-woven fabric market over the next six years. The automobile industry manufactures a large number of exterior and interior parts using non-woven 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.
textile industry growth trends and forecast 2019 2024

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Competitive Landscape

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

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 Forces 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 & 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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