Report Overview
Global Textile Manufacturing market size was USD 1,040.07 million in 2023 and the market is projected to touch USD 1,425.53 million by 2030, at a CAGR of 4.61% during the forecast period. The global textile manufacturing market has experienced significant growth due to increasing demand for both natural and synthetic fibers across various industries. This growth is driven by advancements in technology, rising consumer preferences for fashion and comfort, and expanding applications in sectors like household textiles, automotive, and technical fabrics. With a broad range of raw materials such as cotton, wool, silk, and chemical fibers, the market caters to diverse needs in fashion, home furnishings, and specialized textiles. The growing trend towards sustainable practices and eco-friendly materials further supports the market's expansion.
In addition to the demand for textiles in fashion and household applications, there is a notable rise in the adoption of textiles in technical and industrial applications. From medical textiles to automotive fabrics, technical textiles are seeing increasing adoption due to their specialized properties like durability, strength, and resistance. The global textile manufacturing market is also influenced by key players who invest in innovative product developments, strategic collaborations, and capacity expansion. As the market continues to evolve, factors such as digitalization, automation, and sustainable manufacturing processes will play an essential role in shaping its future trajectory.
Global Textile Manufacturing Market report scope and segmentation.
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Report Attribute |
Details |
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Base Year |
2023 |
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Forecast Years |
2024 – 2030 |
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Estimated Market Value (2023) |
USD 1,040.07 Million |
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Projected Market Value (2030) |
USD 1,425.53 Million |
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Segments Covered |
By Raw Material, By Product, By Application & By Region. |
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Forecast Units |
Value (USD Million or Billion) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2024 to 2030. |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Australia, Latin America, Middle East, Africa among others. |
Global Textile Manufacturing Market dynamics
The global textile manufacturing market is a dynamic sector driven by a diverse range of raw materials, including natural fibers like cotton and wool, as well as synthetic fibers such as polyester and nylon. The market serves various applications, from fashion and clothing to household and technical textiles, with demand rising due to factors like increasing consumer preferences for quality, comfort, and sustainability. Technological advancements in manufacturing processes, including automation and digitalization, have further boosted production efficiency and innovation, while growing awareness of environmental concerns has led to a shift towards eco-friendly materials and sustainable practices. As a result, the market is experiencing robust growth, supported by key players who continue to invest in innovation and global expansion.
Global Textile Manufacturing Market drivers
A SURGE IN CONSUMER SPENDING BOOSTS THE TEXTILE MARKET, DRIVEN BY FASHION TRENDS
This phenomena is anchored in a number of crucial elements that have a significant effect on the sector. First off, the general economic environment and consumer purchasing habits are inextricably intertwined. People often have more discretionary income when economies are growing, which in turn increases their purchasing power. This increase in expenditure is frequently focused on different consumer products, such as apparel and textiles. People are more likely to invest in their wardrobes when their financial situation improves, upgrading their clothes collections and looking for the newest trends.
The second important factor is how quickly fashion trends change. Fashion naturally cycles, with trends changing all the time. Consumers, driven by the desire to stay fashionable and relevant, frequently seek out new clothing items that align with the latest styles. This consistent cycle of change compels individuals to spend on textiles and apparel to keep up with the fashion zeitgeist.
The spread of fashion trends has also been hastened by globalisation and improved connectivity. Consumers may almost instantly learn about international fashion trends thanks to social media, fashion influencers, and digital platforms. Exposure to these patterns fosters aspiration and a desire to imitate them, which increases consumer expenditure on textiles.
Impact of COVID-19 Pandemic
The COVID-19 pandemic significantly disrupted the global textile manufacturing market, causing supply chain interruptions, factory closures, and a sharp decline in consumer demand, especially in the fashion and apparel sectors. Production delays and raw material shortages affected the industry’s ability to meet both domestic and international orders. However, the crisis also led to innovation in the sector, with manufacturers pivoting to produce personal protective equipment (PPE), such as face masks and medical textiles, to meet urgent healthcare needs. As the global economy began to recover, the market showed signs of resilience, driven by increased demand for home textiles and a shift towards e-commerce, setting the stage for gradual market recovery and transformation in post-pandemic times.
- Restraints:
UNMANAGED INDUSTRIAL WASTE WHICH IS HAMFUL FOR THE ENVIRONMENT ACT AS ONE OF THE MAJOR RESTRAINING FACTOR WHICH HAMPERS THE GROWTH OF THE MARKET
The industry is threatened in a number of ways by this problem, mostly because of the harm it does to the environment and the difficulties it causes with regard to regulations. Chemicals, dyes, and other byproducts produced during the textile manufacturing process contribute significantly to waste production. These industrial wastes have the potential to seriously pollute the environment when improperly managed since they can contaminate soil and water sources. In addition to harming ecosystems, such pollution has an impact on the health and happiness of local populations who live close to textile production sites.
Second, strict environmental laws and sustainability issues have spread around the world. Governments and international organisations are enforcing higher requirements for pollution prevention and waste disposal. Fines, legal obligations, and reputational harm may occur from a company's failure to comply with certain requirements. To maintain compliance, textile producers must invest in waste management practises and infrastructure, which may be a costly and time-consuming task.
Additionally, customers are becoming more environmentally concerned and prefer goods from businesses that have a solid environmental record. Failure to solve the problems with industrial waste can result in a loss of market share and lowered customer confidence.
- Opportunities:
INTEGRATION OF TECHNOLOGY INTO FABRICS CREATES OPPORTUNITIES IN HEALTHCARE, FASHION, AND BEYOND
The worldwide textile manufacturing industry is undergoing a transformation as a result of the incorporation of technology into materials. This has opened up a wide range of prospects in industries including healthcare, fashion, and other fields. The fusion of textiles and technology has the potential to transform whole sectors and raise living standards for everyone. Smart textiles are becoming more popular in the healthcare industry as they provide creative approaches to patient monitoring and care. Vital indicators including heart rate, temperature, and breathing rate may be tracked using fabrics incorporated with sensors. In order to track patients’ health in real time and quickly address any problems, these textiles are very helpful for remote patient monitoring. This improves patient care while simultaneously lightening the load on medical institutions. Technology-infused fabrics are fostering innovation in the fashion industry and enabling designers to produce apparel that goes beyond just aesthetic appeal. For instance, flexible LED displays may be incorporated into clothing by designers, allowing for personalized patterns and text. Smart fabrics may also change their characteristics to suit the surroundings, offering comfort and utility. Consumers wanting both style and function are drawn to this marriage of fashion and technology, which opens up new markets for personalized apparel and wearable technology.
- Segment Overview
The "By Raw-material" segment in the Global Textile Manufacturing Market plays a critical role in shaping the industry's dynamics, as it categorizes textile production based on the primary raw materials used, such as cotton, chemical fibers, wool, silk, and others. These materials each offer unique properties, influencing product quality, price, and performance. For example, cotton is valued for its comfort and versatility, while synthetic fibers like polyester and nylon are prized for durability and affordability. Wool and silk are sought after for their luxurious feel and warmth. This segmentation helps manufacturers respond to consumer preferences and industry demands, while also aligning with sustainability trends, such as the growing shift towards eco-friendly and recycled materials. Understanding these raw material trends is vital for innovation and aligning production with market growth, making this segment a key driver in the textile industry.
Global Textile Manufacturing Market Overview by Region
The global textile manufacturing market is characterized by regional variations in demand, production capabilities, and consumer preferences. In North America and Europe, there is a strong focus on high-quality, sustainable textiles driven by increasing consumer awareness of environmental issues and a demand for luxury and technical fabrics. In contrast, Asia-Pacific, particularly countries like China, India, and Bangladesh, dominate the market in terms of volume due to their large-scale manufacturing capabilities, lower labor costs, and significant exports. The region also benefits from a growing middle-class population, which fuels domestic consumption. The Middle East and Africa are emerging markets for textile manufacturing, driven by infrastructure development and increasing demand for both fashion and technical textiles. Overall, each region’s textile manufacturing market is shaped by local economic conditions, technological advancements, and evolving consumer trends.
Global Textile Manufacturing market competitive landscape
The global textile manufacturing market is highly competitive, with several key players dominating the industry. Companies like TEXHONG INTERNATIONAL GROUP LIMITED, NISSHINBO HOLDINGS INC, and UNIFI, INC lead with their extensive product portfolios and global reach. Major players such as WELSPUN, BOMBAY DYEING, and TORAY INDUSTRIES are known for their innovations in both natural and synthetic fibers, catering to diverse applications from fashion to technical textiles. VARDHMAN TEXTILES LIMITED and RAYMOND LIMITED are prominent in the Indian market, focusing on premium textiles and expanding their presence internationally. Meanwhile, WEIQIAO TEXTILE COMPANY LIMITED and HUAFANG GROUP, based in China, are key contributors to global textile exports, leveraging cost-effective manufacturing and robust supply chains. These companies are constantly innovating, investing in sustainability, and strengthening their market positions through mergers, acquisitions, and technological advancements, making the global textile manufacturing market highly dynamic and competitive.
Global Textile Manufacturing Market Recent Developments
- In January 2022, Unifi, Inc., the manufacturer of REPREVE, introduced new sustainability initiatives, including U TRUST Product Certification and REPREVE SmartDye technology, at Outdoor Retailer's Winter Market in Denver, demonstrating their ongoing dedication to environmentally-conscious innovation and customer support.
- In September 2021, Welspun India announced the establishment of a brand-new neXline Spunlace line in collaboration with the international technology group Andritz for its newly inaugurated plant in Hyderabad, Telangana. This neXline Spunlace line was intended to support the production of nonwoven roll goods and wipes.
- In Nov 2021- Toray Industries, Inc. developed Qticle, a polyester fabric blending hair and wool-like features for a soft, functional texture. This innovation gave Toray a competitive edge in textiles, appealing to customers seeking distinct, comfortable fabrics.
- In August 2023, Vardhman partnered with NIT-Jalandhar for customized M.Tech Program. a significant step towards promoting continuous learning and professional development in the textile sector.
Scope of global Textile Manufacturing market report
Global Textile Manufacturing report market segmentation
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ATTRIBUTE |
DETAILS |
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By Raw Material |
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By Product |
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By Application |
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Customization Scope |
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Pricing |
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