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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.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Asia is a major producer of silk globally, accounting for 90% of mulberry and almost 100% of non-mulberry silk.
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The textile sector constitutes about 2% of the global GDP every year.
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Australia produces about a quarter of the world’s wool annually.
Regional Insights
North America's textile industry is powered by cutting-edge manufacturing technologies, green practices, and robust consumer demand for premium apparel and home textiles. The United States and Canada are dominant players, with emphasis on technical textiles applied to automotive, healthcare, and aerospace sectors. The region is also witnessing a transition toward sustainable materials, with brands investing in recycled fibers and fair production. The rise of e-commerce and customization movements is also increasingly defining the North American textile industry.
Europe is the world leader in sustainable and high-end textiles, with nations such as Italy, France, and Germany controlling high-fashion and technical textile markets. Europe is ahead of the pack in terms of innovation, prioritizing biodegradable textiles, circular fashion, and intelligent textiles. The EU's rigorous environmental legislation is nudging producers to switch to cleaner solutions, as high-performance textile demand in the automotive and healthcare industries keeps expanding. Digitalization and automation are reshaping Europe's textile market.
Asia Pacific is the biggest and fastest-growing apparel market, supported by nations such as China, India, Bangladesh, and Vietnam. The area is favored with plenty of raw materials, low labor costs, and favorable government support for clothing manufacturing. Production and export lead China, with India's textiles growing with concentration on organic cotton and technical textile. The growth in e-commerce, urbanization, and rising incomes are driving demand for fashion, home textiles, and industrial textiles throughout the region.
| Market Share by | Country |
| China | 14% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
The textile industry of South America is dominated by Brazil, Argentina, and Colombia, and a strong focus on cotton cultivation and eco-friendly textiles. The industry for fashion is growing due to domestic brands emphasizing indigenous textiles and green fibers. Trade policies and investments in manufacturing facilities are enhancing competitiveness in international textile trade. But economic fluctuations and dependence on imported synthetic fibers affect the growth potential of the industry in the region.
The Middle East & Africa textile industry is expanding on account of the growing industrialization, rising need for clothing, and government encouragement for local production. Turkey, Egypt, and South Africa are major contributors with a dominant share in cotton textile and home furnishing. Technical textiles demand is also rising for oil & gas, construction, and defense applications. Nonetheless, disturbances like restrictions on trade and supply chain disturbances affect market stability, but continued investment in textile production depicts promising growth.
| CAGR 2025-2034 - Market by | Country |
| India | 4.0% |
| Brazil | 3.7% |
| USA | 3.5% |
| Italy | 3.1% |
| France | 2.9% |
| UK | 2.7% |
| Canada | XX% |
| Germany | XX% |
| China | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Mexico | XX% |
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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