Textile Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Yarn & Fiber, Processed Fabrics & Apparel), By Raw Material (Cotton, PSF, PFY, NFY, VSF, VFY, PPMFY, Others), By Product (Natural Fibers, Polyesters, Nylon, Rayon, Others), By Process (Woven, Non-woven), By Application (Household (Bedding, Kitchen, Upholstery, Towel, Others), Technical (Construction
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTextile Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Yarn & Fiber, Processed Fabrics & Apparel), By Raw Material (Cotton, PSF, PFY, NFY, VSF, VFY, PPMFY, Others), By Product (Natural Fibers, Polyesters, Nylon, Rayon, Others), By Process (Woven, Non-woven), By Application (Household (Bedding, Kitchen, Upholstery, Towel, Others), Technical (Construction
Global population reached 8.0 billion in November 2022 from an estimated 2.5 billion people in 1950, adding 1 billion people since 2010 and 2 billion since 1998.
The fashion industry is one of the major drivers of the global textile market. With changing fashion trends and the need for fast fashion, the demand for textiles is constantly increasing.
Technical Textiles
Technical textiles refer to textiles that are designed and engineered for specific functions and applications beyond traditional clothing and household uses. These textiles are used in a wide range of industries, including automotive, aerospace, construction, healthcare, and agriculture. They are characterized by their advanced properties such as high tensile strength, chemical resistance, and flame retardancy. The use of technical textiles has been increasing in recent years, driven by the demand for innovative and high-performance materials in various industries. This in turn is expected to drive the growth of global textile market in the coming years.
The textile industry is an important supplier of raw materials for the production of technical textiles. Technical textiles are often made using synthetic fibers such as polyester, nylon, and aramid, as well as natural fibers such as cotton and wool. These fibers are then processed using various techniques such as weaving, knitting, and nonwoven techniques to create the desired properties. The growth of the technical textiles market is creating opportunities for textile companies to diversify their product offerings and expand into new industries, thereby spurring the growth of global textile market.
Smart Textiles
Smart textiles are revolutionizing the textile industry by offering new and innovative products that have the potential to boost growth and revenue. The integration of electronics and technology into textiles is opening up a whole new world of possibilities for textile manufacturers, designers, and retailers. One of the ways that smart textiles are supporting the growth of the global textile market is by creating new product categories. For example, smart fabrics are being used in the medical industry to create garments that can monitor patients remotely, reducing the need for in-person visits and increasing the efficiency of healthcare delivery. This has led to the creation of new product lines for textile manufacturers that cater specifically to the medical industry. In addition to creating new product categories, smart textiles are also expanding the market for traditional textile products. For example, the incorporation of conductive threads into fabrics has led to the development of smart clothing that can be used to monitor fitness levels, track activity, and provide real-time feedback to the wearer. This has increased the demand for athletic apparel and has opened up new revenue streams for traditional textile manufacturers.
Smart textiles are also supporting the growth of the global textile market by offering increased customization options. With the ability to integrate electronic components into fabrics, designers can create garments that are tailored to specific customer needs and preferences. This level of customization not only offers a competitive advantage to textile manufacturers but also increases customer satisfaction and loyalty. Another way that smart textiles are supporting the growth of the global textile market is by offering new opportunities for collaboration and partnerships. The development of smart textiles requires expertise in both textiles and electronics, which has led to the formation of partnerships between textile manufacturers and technology companies. This collaboration has resulted in the creation of new products and has accelerated the pace of innovation in the textile industry. Smart textiles are helping to drive sustainability in the textile industry. By creating products that can monitor and optimize energy usage, reduce waste, and minimize environmental impact, smart textiles are providing a more sustainable alternative to traditional textiles. This is not only good for the environment but also appeals to environmentally conscious consumers, which can lead to increased demand and growth for the global textile market.
Supportive Government Policies
Government policies can have a significant impact on the growth and development of the global textile market. Many governments offer incentives for companies to invest in the textile industry, such as tax breaks, subsidies, and grants. For example, the Indian government offers a Technology Upgradation Fund Scheme (TUFS) to support textile manufacturers in upgrading their machinery and technology. Also, in India, 100 percent Foreign Direct Investments (FDI) is allowed in textiles, which is expected to positively the market growth. Governments also implement trade policies that support the growth of the textile industry. This includes tariff reductions, free trade agreements, and preferential trade agreements. For instance, the African Growth and Opportunity Act (AGOA) allows African countries to export textiles and apparel to the US duty-free. Governments can also implement environmental regulations that promote sustainable practices in the global textile market. For example, the European Union's REACH regulation regulates the use of chemicals in the textile industry to ensure the safety of workers and the environment.
Initiatives Taken By Various Companies
Leading companies in the global textile market have taken a range of initiatives to address the challenges and opportunities in the industry. Many leading textile companies have launched initiatives to promote sustainable practices in the industry. For example, H&M's "Conscious Collection" uses sustainable materials such as organic cotton and recycled polyester. Adidas has launched a program called "Parley for the Oceans" that uses recycled plastic to create shoes and apparel. This in turn is expected to drive the growth of global textile market.
Textile companies are also investing in digitalization and automation to improve efficiency and reduce costs. For example, Italian textile company Itema has launched a new generation of weaving machines that use artificial intelligence and automation to increase production speed and reduce waste. The use of digital technologies such as 3D printing, digital printing, and virtual prototyping is becoming increasingly popular in the global textile market. These technologies are improving efficiency, reducing waste, and enabling more personalized and customized products.
Download Free Sample Report
Market Segmentation
Market Players
BSL Ltd., INVISTA Srl., Lu Thai Textile Co., Ltd., Paramount Textile Ltd., Paulo de Oliveira, S.A., Successori REDA S.p.A., Shadong Jining Ruyi Woolen Textile Co. Ltd., Sinopec Yizheng Chemical Fibre Company Ltd., China textiles Ltd., Rhodia SA, Li & Fung Group, Modern Woollens Ltd., JCL Ltd., Grasim Industries Limited, Masco Corporation among others are some of the leading players operating in the global Textile market.
Recent Developments
- Many leading textile
companies have launched initiatives to promote sustainable practices in the
industry. For example, H&M's "Conscious Collection" uses
sustainable materials such as organic cotton and recycled polyester. Adidas has
launched a program called "Parley for the Oceans" that uses recycled
plastic to create shoes and apparel.
- In 2020, Levi's launched a
new program called SecondHand, a new buyback program in the United States. This
program allows customers to trade in old pieces in exchange for a gift card
equivalent to a portion of each item’s perceived value. These clothes received
as a part of the program then go up for sale on the company’s website, where
customers can directly purchase them.
- In 2019, Adidas launched the
Futurecraft Loop, a 100% recyclable running shoe made from a single material.
The shoe is designed to be disassembled and recycled into a new shoe at the end
of its lifespan.
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic
Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
|
Report
coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
|
Segments
covered |
By Type By Raw Material By Product By Process By Application By Region |
|
Regional
scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Key
companies profiled |
BSL
Ltd., INVISTA Srl., Lu Thai Textile Co., Ltd., Paramount Textile Ltd., Paulo
de Oliveira, S.A., Successori REDA S.p.A., Shadong Jining Ruyi Woolen Textile
Co. Ltd., Sinopec Yizheng Chemical Fibre Company Ltd., China textiles Ltd.,
Rhodia SA, Li & Fung Group, Modern Woollens Ltd., JCL Ltd., Grasim
Industries Limited, Masco Corporation |
|
Customization
scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing
and purchase options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy