South Korea Home Textile Market Report and Forecast 2024-2032

South Korea Home Textile Market Outlook

The South Korea home textile market size is estimated to grow at a CAGR of 5.7% during 2024-2032. The major drivers supporting the market expansion include rapid urbanisation, rising disposable incomes of the working population, and increasing investments in home décor products.

Key Trends in the South Korea Home Textile Market

Home textile refers to textiles that are used to furnish houses and enhance the visual appeal of a space. Some common home textile products are carpets, rugs, floor coverings, curtains, and cushions, among other materials. Home textiles can be made of both natural and man-made fibres.

• South Korea's Gross National Disposable Income was approximately 559,317.600 KRW bn in June 2023, an increase from 540,185.900 KRW bn in March 2023. A rise in disposable incomes, surging purchasing power, evolving spending habits, and growing investments in improving the aesthetics and comfortability of homes are driving the South Korea home textile market growth.

• With growing environmental consciousness and increasing focus by homeowners to reduce their carbon footprints, the demand for sustainably sourced and manufactured home textiles is increasing. Hence manufacturers are using eco-friendly raw materials like organic cotton, recycled polyester, cellular fibres, and hemp, among others, as well as green manufacturing practices to create home textiles while minimising waste, reducing harmful emissions, and conserving energy.

Increasing attempts to promote a circular economy, repurposing, and upcycling of home textiles to minimise resource consumption and waste are further fuelling the South Korea home textile market demand.

• Increasing research and development (R&D) activities to develop innovative home textile products that are naturally repellent to mould and dirt, durable, moisture-wicking, breathable, heat-responsible, and antibacterial and hypoallergic are expected to propel the market growth in the forecast period.

South Korea Home Textile Market Segmentation

On the basis of product, the market is divided into bed linen, bath linen, kitchen linen, carpet and floor covering, and upholstery covering. Based on material, the market is divided into polyester, cotton, silk, and wool, among others. On the basis of distribution channel, the market is divided into supermarkets and hypermarkets, speciality stores, and online, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea home textile market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Inter IKEA Systems B.V. 

• Kolon Industries, Inc

• Hyundai Livart Furniture Co., Ltd. 

• Bogwang I&T Co., Ltd. 

• Industria de Diseno Textil SA 

• Allermant Co., Ltd. 

• Evejari Co., Ltd

• Texview Corp. 

• Songhwa Indeco 

• Others

South Korea Home Textile Market Share by Product

Bed linens account for a significant portion of the South Korea home textile market share due to increasing disposable income and high standard of living of the working population. Bed linens, including bedsheets, pillowcases, mattress covers, and bed skirts, among others, are not just used for utility purposes but also for aesthetical needs.

High-quality bed linens are essential to ensure a comfortable sleeping temperature, regulate skin-air exchange, and improve overall anxiety by reducing anxiety and stress. They are also used for enhancing interiors of homes, as a decorated home can promote relaxation, productivity, creativity, and social interactions.

South Korea Home Textile Market Share by Distribution Channel

As per the South Korea home textile market analysis, sales of home textiles from online channels is surging due to their convenience, availability of a wide range of products, greater access, and time-saving nature.

Benefits such as easy order placement and door-step delivery of goods are also increasing the demand of products like bedspreads, duvets, and linen from online channels. Moreover, online websites provide better deals to customers through discounts, coupon codes, free shipping, free gifts, and other added features, boosting sales of home textiles.

Competitive Landscapes

Inter IKEA Systems B.V. is a global home furnishing brand. It was founded in 1943 and is headquartered in the Netherlands. The company deals in numerous home utility products, including furniture, beds and mattresses, kitchen and appliances, and others. Additionally, the company facilitates a wide range of services, including purchase, transportation and assembling of its products.

Songhwa Indeco is a bedding speciality brand started in 2008. The company is expanding its business beyond domestic borders and incorporating products that are eco-friendly. The company’s bedding products include unique features, such as natural dyes, microfiber fabrics, natural cotton, and microfiber duvet.

Kolon Industries, Inc. was established in 1957 and is headquartered in Seoul, South Korea. The company focuses on four major business divisions, including industrial materials, chemicals, film/electronic materials, and shooter. The company organised a climate change response committee to respond to climate change at home and abroad in 2009.

Other South Korea home textile market players are Hyundai Livart Furniture Co., Ltd., Bogwang I&T Co., Ltd., Industria de Diseno Textil SA, Allermant Co., Ltd., Evejari Co., Ltd, and Texview Corp., among others.

Key Highlights of the Report