Market Size of Pakistan Home Textiles Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 8.10 Billion |
| Market Size (2029) | USD 9.91 Billion |
| CAGR (2024 - 2029) | 4.12 % |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Pakistan Home Textile Market Analysis
The Pakistan Home Textiles Market size is estimated at USD 8.10 billion in 2024, and is expected to reach USD 9.91 billion by 2029, growing at a CAGR of 4.12% during the forecast period (2024-2029).
The COVID-19 outbreak had a significant impact on business sectors and the overall economy of Pakistan. The lockdowns in Pakistan led to the disruption of many business activities, including the home textiles industry, and affected the supply chain.
The industry is estimated to register a CAGR of around 4% during the forecast period. Pakistan's home textile industry is export-oriented, and the growth in the industry is achieved due to its downstream industries. It is one of the key suppliers to Europe, the United States, and China. The home textile industry in the market is likely to see growth in the residential and hospitality industries in Pakistan. The raw material requirement is facing a downward trend due to the growth in consumption in the domestic market. Pakistan's political instability may affect the home textiles market. However, the government has taken one of the measures-Balancing, Modernization, and Replacement (BMR)-and that provides loans to the business at subsidized rates. Pakistan's home textile industry also faces competition from China and India, and the rising price of raw materials such as yarn and increasing interest rates and inflation rates might challenge the industry.
