Market Size of Russia Home Textile Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.04 Billion |
| Market Size (2029) | USD 4.41 Billion |
| CAGR (2024 - 2029) | 1.76 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russia Textile Market Analysis
The Russia Home Textile Market size is estimated at USD 4.04 billion in 2024, and is expected to reach USD 4.41 billion by 2029, growing at a CAGR of 1.76% during the forecast period (2024-2029).
The COVID-19 outbreak has negatively impacted Russia's home textile industry and supply chain has been disrupted due to reduced demand, reduced production and impacted negatively on transport connectivity. Production operations have slowed down as plants and factories are being forced to function with a reduced workforce. The evolution of local epidemiologic situation in Russia, has impacted workforce availability and production, as well as multimodal logistics underpinning local and global value chains.
The home textiles sector in RUssia is undergoing a major change, with shifts in consumer behavior, value chain configuration, and the economy itself. Together with the increasing attentiveness regarding altering inclinations of home-based interior decoration is expected to motivate the home textile industry in Russia. The increasing rate of urbanization and improved quality of living are responsible for the growing demand for home textiles like beddings, bed sheets, towels, blankets, and covers. In addition, changing trends in home furnishing are expected to boost the market growth further. A distinctive feature of the home textile market in Russia is the high pace of development of wholesale and retail companies. In this assortment, the rate of increase in the number of specialized trade structures is comparable only to the distribution network of food, furniture and textiles. Textile products for the home are becoming more popular, its role in the design of the home is growing.
