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Report Overview
According to a new report by EMR titled, ‘Global Textile Market Report and Forecast 2025-2034’, the global textile market size attained a value of USD 987.95 Billion in 2024. The market is expected to grow at a CAGR of 3.60% between 2025 and 2034, reaching almost USD 1407.12 Billion by 2034. The textile industry is witnessing steady growth, propelled by growing demand in the apparel sector and technological advancements in the fashion industry. With a significant CAGR, the market size keeps growing, spurred by innovation in designing, producing, and distributing textiles. The growth has also been spurred by the rise of e-commerce, which has made it convenient for consumers to purchase a variety of apparel and accessories. The textile industry is made up of a number of processes, some of which include weaving and manufacture of finished goods. Organizations are engaging in sustainable ways to cater to shifting consumer taste. From production to final production, the industry determines world fashion trends. Technology has advanced such that automation and digitalization of the textile process is changing textile manufacturing, giving companies new platforms on which they can compete.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Companies & Market Share Insights
The global textile industry is competitive, with leading firms pushing innovation, sustainability, and manufacturing efficiency. Major players have large supply chains, sophisticated manufacturing technology, and partnerships to lead. Top companies invest in sustainable fibers, digitalization, and environmentally friendly production methods to reinforce their market positions. Increasing demand for high-performance and fashion textiles further drives industry growth.
Key Developments
- In February 2025, INVISTA secured a patent for a nylon 6,6 recycling process and filed another for using up to 100% post-consumer recycled content. These innovations support sustainability efforts, optimize resource management, and enhance nylon 6,6’s future applications.
- In December 2024, Paulo de Oliveira unveiled its Spring/Summer 2026 Collection, reinforcing its leadership in sustainable textile production. Founded in 1936 in Portugal, the company prioritized eco-friendly processes, renewable energy, and low-carbon manufacturing. Investments in biomass boilers, photovoltaic panels, and wastewater recovery highlighted its commitment to sustainability. The group included Penteadora and Tessimax, holding multiple industry certifications.
- In September 2024, Lu Thai Textile invested 500 million yuan in its subsidiary, Shandong Lulian New Materials, to enhance financial stability and business growth. The subsidiary produces yarns, fabrics, and functional membranes. Lu Thai Textile shares closed 1% lower after the announcement.
- In July 2024, RSWM Limited launched its Autumn-Winter 2025-26 textile collection, emphasizing sustainability and innovation. Featuring natural fibers like flax, hemp, and jute, alongside recycled materials, the collection spans Greige Yarns, Melantra, LNJ Knits, and LNJ Denim, blending performance with eco-conscious design for diverse applications in apparel and home textiles.
- In April 2024, INVISTA announced plans to explore strategic alternatives for its nylon fibers business, including airbag and industrial fibers and CORDURA®. Barclays was engaged as an advisor, while INVISTA aimed to simplify and strengthen its core operations.
Key Textile Companies:
- BSL Limited
- INVISTA S.R.L.
- Lu Thai Textile Co., Ltd.
- Paramount Textile Limited
- Paulo de Oliveira, S.A.
- Successori REDA S.p.A.
- Shadong Jining Ruyi Woolen Textile Co. Ltd.
- Shandong Demian Incorporated Company
- Shijiazhuang Changshan Textile Co., Ltd
- Weiqiao Textile Company Limited
- DBL Group
- B.D. Textile Mills Pvt. Ltd.
- IBENA Inc.
- Heytex Bramsche GmbH
- Bahariye AS
- Fratelli Balli S.p.A.
- ipekis Mensucat Turk A.S
- Lakhmi Woollen Mills
- Wilh. Wülfing GmbH & Co. KG
- Lanificio F.lli Cerruti
- Özlem Kumas, Ltd.
- Trabaldo Togna S.p.A.
- Yünsa Yünlü Sanayi ve Ticaret A.S.
- Xinhui Woollen Textile Co., Ltd.
- O'Formula Co., Ltd.
- Wuxi Xiexin Group Co., Ltd.
- The Bombay Dyeing & Mfg. Co., Ltd
- Huafu Top Dyed Melange Yarn Co., Ltd.
- Mayur Fabrics
- Solvay S.A.
- Sinopec Yizheng Chemical Fibre Company Limited
- Li & Fung Group
- JCT Limited
- Toray Industries, Inc.
Textile Market Report Snapshots
*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
The global textile market size attained a value of USD 987.95 Billion in 2024.
The market is expected to grow at a CAGR of 3.60% between 2025 and 2034.
The market is estimated to witness healthy growth during 2025-2034 to reach around USD 1407.12 Billionby 2034.
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 woolen yarns and fabrics, globally.
The textile market is driven by factors such as increasing demand for apparel, advancements in textile technology, sustainable production practices, and the rise of e-commerce.
The key trends propelling the market growth include rising applications of textiles in various sectors and the growing fashion and clothing sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different product types included in the market report are natural fibres, polyester, and nylon, among others.
The major players in the market are BSL Limited, INVISTA S.R.L., Lu Thai Textile Co., Ltd., Paramount Textile Limited, Paulo de Oliveira, S.A., Successori REDA S.p.A., Shadong Jining Ruyi Woolen Textile Co. Ltd., Shandong Demian Incorporated Company, Shijiazhuang Changshan Textile Co., Ltd, Weiqiao Textile Company Limited, DBL Group, B.D. Textile Mills Pvt. Ltd., IBENA Inc., Heytex Bramsche GmbH, Bahariye AS, Fratelli Balli S.p.A., ipekis Mensucat Turk A.S, Lakhmi Woollen Mills, Wilh. Wülfing GmbH & Co. KG, Lanificio F.lli Cerruti, Özlem Kumas, Ltd., Trabaldo Togna S.p.A., Yünsa Yünlü Sanayi ve Ticaret A.S., Xinhui Woollen Textile Co., Ltd., O'Formula Co., Ltd., Wuxi Xiexin Group Co., Ltd., The Bombay Dyeing & Mfg. Co., Ltd, Huafu Top Dyed Melange Yarn Co., Ltd., Mayur Fabrics, Solvay S.A., Sinopec Yizheng Chemical Fibre Company Limited, Li & Fung Group, JCT Limited, and Toray Industries, Inc., among others.
The apparel segment holds the largest share in the textile market, driven by high demand from the fashion and clothing industry.
Textile market research is based on raw materials, product types, applications, regional trends, market demand, competitive landscape, and technological advancements.
Recent developments include the adoption of smart textiles, bio-based fibers, recycled polyester, digital printing technologies, and increased investments in sustainable manufacturing processes.
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