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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.
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The market for textiles is changing fast with technological development and changing consumer behavior. With growing demand for fashion, fast fashion companies are looking at new materials like smart textiles that integrate optical fibers, metals, and conductive polymers to improve functionality. The application segment is growing, with technical application gaining more importance, especially in the medical and defense industries. Furthermore, the growth of sustainable trends is impacting the textile market, prompting the utilization of environmentally friendly substitutes for raw cotton without compromising on product quality and longevity.
Increased demand for sustainable products has forced textile companies to implement eco-friendly manufacturing techniques. Developments in the form of plant-based faux fur and performance fashion apparel are on the upswing. Giants like DuPont and Eastman are setting trends in terms of new materials in line with sustainability objectives, reaffirming innovation in the industry.
Fashion is more and more influenced by social media, where fashion trends and consumer behavior are dictated. Instagram and TikTok lead the way in trending demand for fashionable wear, and brands such as H&M and Zara command considerable market shares. The online immediacy allows brands to respond rapidly to the latest fashions and customers' choices.
Coronavirus pandemic created a significant effect on the global market, impacting market growth within the textiles due to trade restrictions and supply chain disruption. Lockdowns imposed their effect on production, but the industry recovered with the government support and implementation of precautionary measures to keep business running.
*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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124