Supply Chain Management (SCM) in Textile Industry Market Size By Application (Apparel & Clothing, Industrial Application), By Solution Type (Production Scheduling, Capacity Planning), By Organization Size (Large enterprises and SMEs), By Geographic Scope And Forecast

Supply Chain Management (SCM) in Textile Industry Market Size And Forecast

Supply Chain Management Scm In Textile Industry Market size was valued at USD 2.09 Billion in 2024 and is projected to reach USD 4.83 Billion by 2031, growing at a CAGR of 9.71% during the forecast period 2024-2031.

The fashion industry is booming in the world, thereby creating the demand for better SCM in textiles. The Global Supply Chain Management (SCM) in Textile Industry Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Supply Chain Management (SCM) in Textile Industry Market Definition

Supply chain management is now a crucial component of the apparel industry’s success. The creation of a strong supply chain management system is therefore top management’s main priority. Managing resources involves moving them from one party to another, from one location to another, from one department to another, and from one area to another. This process is known as supply chain management. Here, resource movement must be done in a way that ensures the availability of the appropriate resources in the appropriate quantities, at the appropriate times, and where the process costs are low.The complex production network that encompasses numerous enterprises and typically transcends international boundaries characterizes the textile industry. It has evolved into a necessity for day-to-day living, just like food and water. The diversity of textile production has spread to a wide range of industries, including apparel, industrial fabrics, protective textiles, composite textiles, medical textiles, automotive, aerospace, and many more. Today, the product selection reaches every nook and cranny of the globe, rather than just the edges of one region. Today,the sales are very irregular and seasonal, necessitating good capacity planning, production scheduling, process control, and inventory management to meet demand and turn a profit. A suitable system must emerge in order to create an integrated solution that covers stock balancing, inventory management, production planning, and distribution scheduling. Therefore, it is essential to have a proper supply chain management in the textile industries in order to make all the systems in order.

Global Supply Chain Management (SCM) in Textile Industry Market Overview

Supply chain management is crucial in the planning and execution of the business. It is a well-known and studied concept in several industries. For manufacturers, it is essential to keep a check on the supply chain to reduce inventory, clear backlogs, minimize the burden of oversupply or undersupply, source raw materials, and others to gain higher profit margins. The concept of the supply chain is known as the integration of the goods flow and transformation-related activities for attaining sustainable business practices. The adoption of supply chain management in the textile industry helps in managing processes such as tracking inventory, managing orders, and the distribution channel. The booming apparel industry globally resulting in higher production of garments than ever has created immense pressure for textile manufacturers to have an efficient supply chain.

The fashion industry is booming in the world, thereby creating the demand for better SCM in textiles. Textile manufacturers are rapidly selling their products through their own websites or through channels to gain higher sales across boundaries. Despite several advantages associated with supply chain management, however, one of the prime limiting factors associated with it is its high implementation cost. The adoption of artificial intelligence (AI) and automation is on demand in the majority of supply chains. Automation allows for streamlining repetitive tasks, while Artificial Intelligence (AI) attempts to mimic human intelligence with learning can help with more complex and demanding tasks. In today’s businesses speed and accuracy are critical to success, both artificial intelligence and automation are valuable ways to accelerate your supply chain and stay competitive in the textile industry.

The growth of the SCM in the textile industry is growing mainly due to rising costs with the growing concern regarding transportation optimization as a priority for supply chain managers. Identifying the most efficient shipping methods for small packages, large bulk orders and other shipping scenarios helps companies get orders to customers faster while minimizing costs. Not only do these cost savings increase the company’s bottom line, but the savings can also be passed on to consumers to increase customer satisfaction. The demand for textiles has shown robust growth in the past few years. E-commerce has emerged as the platform remarking the growth of the textile and apparel industry. The fashion industry is booming in the world, thereby creating the demand for better SCM in textiles.

Global Supply Chain Management (SCM) in Textile Industry MarketSegmentation Analysis

The Global Supply Chain Management (SCM) in Textile Industry Market is segmented on the basis of Application, Solution Type, Organization Size, and Geography.

Supply Chain Management (SCM) in Textile Industry Market, By Application

• Apparel & Clothing• Industrial Application• Medical Application• Household Application

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Based on Application, the market is segmented into Apparel & Clothing, Industrial Application, Medical Application, and Household Application. Apparel & Clothing accounted for the largest market share in 2021, and is projected to grow during the forecast period. Medical Application was the second-largest market in 2021.The growing consumer demand for apparel and clothing driving the demand for supply chain management in the textile industry across the globe. The textile material intended for use in garments is referred to as apparel. Basically, this category comprises clothing for infants, children, women, and men as well as outerwear, fashion, and functional items. Pants, shirts, jackets, shawls, overcoats, skirts, t-shirts, shorts, and other basic clothing categories are included. The fashion sector primarily controls the apparel industry.

Supply Chain Management (SCM) in Textile Industry Market, By Solution Type

• Production Scheduling• Capacity Planning• Inventory Management• Process Control• Distribution Scheduling• Others

By Solution Type, Supply Chain Management (SCM) in Textile Industry is classified as Production Scheduling, Capacity Planning, Inventory Management, Process Control, Distribution Scheduling, and Others. Production Scheduling accounted for the largest market share in 2021, and is projected to grow during the forecast period. Capacity Planning was the second-largest market in 2021. However, Inventory Management is projected to grow at the highest CAGR of 11.20%. Production scheduling specifies who will conduct the operations and when, while production planning determines what and how much work needs to be done. It distributes resources including laborers, supplies, and manufacturing capacity to fulfill various clients, much like production scheduling. Although both production planning and scheduling are necessary steps in the process

Supply Chain Management (SCM) in Textile Industry Market, By Organization Size

• Large enterprises• SMEs

By Organization size, Supply Chain Management (SCM) in Textile Industry is classified as Large enterprises and SMEs. Large enterprises accounted for the largest market share in 2021, and are projected to grow during the forecast period. SMEs were the second-largest market in 2021.Growing demand for supply chain management software from the large enterprise boosting the global SCM in the textile industry market. Large Enterprise represents a manufacturing enterprise other than Micro, Small, and Medium Enterprises. The segment’s growth is mostly attributed to the rising need for reliable monitoring solutions and automation capabilities for resource allocation and strategic decision-making. The market is expanding due to the large increase in the demand for software in major enterprises to help collect crucial business data from various sources, such as inventory levels, predicted sales figures, supplier information, and others.

Supply Chain Management (SCM) in Textile Industry Market, By Geography

• North America• Europe• Asia Pacific• Middle East and Africa• Latin America

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On the basis of regional analysis, the Global Supply Chain Management (SCM) in Textile Industry Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific accounted for the largest market share in 2021 and is projected to grow at a CAGR of 9.83% during the forecast period. Europe was the second-largest market in 2021. In the Asia Pacific, the factor driving the market growth is the huge investments in infrastructure by the government and private enterprises, mainly in India and Indonesia, with the motive of easing the movement and improvement in infrastructure, which are anticipated to drive the demand for SCM in the Asia Pacific region.

The major growth factors are changing consumption patterns, increasing population, disposable incomes, and rising demand for clothing and home furnishing products in Asia-Pacific. Vietnam has become one of the world’s leading textile exporters. Garments and textiles were among the important exports in terms of total sales in 2020. The country has reduced its dependence on agriculture as an integral part of manufacturing has become a significant pillar of the modern economy. The rising technological and socio-economic changes, production costs, liberalization, and the emergence of critical international competitors from Asia and the Mediterranean drive the European textile market. Textile companies are facing rising competition and cost pressures. Hence efficient supply chain logistics seem to be an essential key factor for retailers to survive in this highly competitive market.

Key Players

The “Global Supply Chain Management (SCM) in Textile Industry Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Accenture, Oracle Corporation, SAP SE, Blue Yonder Group, Manhattan Associates, BSL Ltd., enVista., Scoutbee, Altana AI, Keelvar, Anvyl, Mercado, among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Accenture has announced its acquisition of Blue Horseshoe, a US-based supply chain management software provider and consultancy firm.

• TIE Kinetix Expands Work with Oracle Supply Chain Management Users.

Report Scope

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