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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Textile Market Trends
There is a growing demand for smart fabrics in Europe. These products can communicate with smartphones to process biometric information such as heart rate, temperature, breathing, and stress for use in sporting applications. Further, the adoption of 3D printing has revolutionised the textile manufacturing sector In Europe. 3D printing allows the manufacturers to experiment with innovative materials and recyclable materials. This further helps in allowing the region to reach its zero waste goals.
In 2020, the European Commission (EC) launched the Circular Economy Action Plan (CEAP) pushing the region towards a circular economy. The textile sector is considered a priority sector with the Strategy for Sustainable Textiles launched under CEAP aiming to create a greener production and consumption of textiles. With the rising importance of sustainability and ethical production practices, ecologically manufactured textiles are considered a white space for opportunities for growth in the sector. This is further contributing to the greater uptake of safer and cleaner materials such as wool and cotton for producing textiles.
Europe Textile Market Report Snapshots
Europe Textile Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Europe textile market attained a value of USD 181.77 billion.
The market is projected to grow at a CAGR of 3.0% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 236.86 billion by 2032.
Textile is a flexible material composed of a network of natural or artificial fibres, called yarn.
Prato is considered to be one of the largest industrial districts in Italy, the largest textile centre in Europe, and an important centre for the production of woollen yarns and fabrics, globally.
The market is being driven by the growing fashion and apparel industry, high consumer disposable incomes, and Europe’s dominance in textile research and innovation.
The key trends aiding the market expansion include the growing shift towards sustainable and organic textiles, increasing sales through online platforms, and incorporation of advanced technologies.
Cotton, chemical, wool, and silk, among others, are the different raw material types used in the market.
The major European textile markets are Germany, the United Kingdom, France, and Italy, among others.
The major players in the market are TDV Industries, Successori Reda SpA, LENZING AG, Paulo de Oliveira Company, Tirotex Textile Company, Aquafil S.p.A., Fulgar SpA, Getzner Textil AG, and Lanificio Fratelli Balli SpA, among others.
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