Global Textile Industry Market Size, Share, Growth and Trend Analysis Report, 2032

Summary
Market Landscape
Methodology
Table of Content

Global Textile Industry Market Size, Share & Growth and Trend Analysis Report, By Materials (Cotton, Jute, Silk, Synthetic, Wool, Others), By Application (Clothing, Industrial, and Household), and By Region (Asia Pacific, Europe, North America, Latin America and Middle East & Africa) and Forecasts 2024 – 2032.

The Global Textile Industry Market was valued at approximately USD XX billion in 2024. It is projected to grow to USD XX billion by 2032, with a compound annual growth rate (CAGR) of XX% from 2025 to 2032.

Industry Trends

The global textile market is experiencing significant growth, driven by the increasing demand for apparel influenced by the fashion industry, rising disposable incomes, and the expansion of e-commerce platforms.

Technological advancements, particularly in smart textiles that respond to environmental stimuli, are propelling the technical textiles segment, enabling manufacturers to develop diverse industrial textile products tailored to specific applications.

However, the market faces significant challenges, including high production costs, fluctuating raw material prices, and limited adoption of advanced materials in developing economies due to restricted access to innovative technologies.

Additionally, stringent environmental regulations and supply chain disruptions further restrain market expansion.

Addressing these challenges while leveraging emerging opportunities in smart and sustainable textiles will be critical for the industry's sustained growth.

Industry Expert’s Opinion

Munish Tyagi, Global Textile Leader & International Textile Consultant

“Despite the industry's ongoing challenges, ITMA Milan (International Textile Machinery Exhibition) June 2023 brought forth a new and impactful focus on increasing digitalization and sustainability in textile processes with a focus on innovation, automation, value addition, and product development. With clear directives to the textile industry to enhance reuse/recycling and renewal, and now clearly demanded by both consumers and big retailers.”

Linda Greer, Fashion Industry Scientist

“The apparel industry is at a pivotal moment in its sustainability work, but without a large portfolio of solutions to help achieve those goals.”

Caroline Brown, Executive - Fashion Industry

“The beauty of the fashion industry at the moment for smart innovators is that there is room across the entire value chain. The need for solutions is great everywhere – and interdependent upon each other as the solutions live within a complete product life cycle.”

TT Consultants’ Perspective

The global textile market presents a dynamic and evolving landscape, shaped by a blend of opportunities and challenges.

On the demand side, rising consumer preferences for fashionable, functional, and sustainable textiles, coupled with the growth of e-commerce, have significantly broadened market reach.

The Asia-Pacific region, particularly China and India, dominates as a production hub, while North America and Europe drive demand for premium and eco-friendly products.

Technological advancements, such as smart textiles and automation, are transforming manufacturing practices, opening avenues for technical textiles in automotive, healthcare, and construction sectors.

Sustainability is emerging as a critical focus, with circular economy practices gaining momentum and the market outlook remains optimistic, propelled by innovation and shifting consumer behaviours toward high-value and eco-conscious products.

Market Segmentation

1. By Materials (Cotton, Jute, Silk, Synthetic, Wool and Others)

The textile market is a diverse and dynamic sector segmented by materials, including cotton, jute, silk, synthetic fibers, wool, and others.

Cotton remains the most widely used natural fiber due to its softness, durability, and versatility, making it ideal for clothing and home textiles.

Jute, primarily used for sacks, ropes, and eco-friendly bags, is favoured for its biodegradability and cost-effectiveness.

Silk, a luxury fabric known for its sheen and elegance, caters to high-end fashion and premium interior decor.

Synthetic fibers, such as polyester, nylon, and acrylic, dominate the market due to their affordability, durability, and adaptability to various applications.

Wool, valued for its warmth and texture, is a staple in winter clothing and carpets.

Other materials, including blends and innovative fabrics, are gaining traction due to advancements in technology and the growing demand for sustainable and functional textiles.

This market is driven by evolving consumer preferences, innovations in material science, and the rise of eco-consciousness.

2. By Application (Clothing, Industrial, and Household)

The clothing segment held the largest market share of XX% in 2024.

This is fueled by rising consumer demand for fashionable apparel, the influence of fast fashion, and growing disposable incomes.

Innovations in smart and sustainable fabrics are further enhancing this segment's appeal.

The industrial segment is witnessing robust growth, driven by increasing applications in sectors such as automotive, healthcare, and construction, where technical textiles are essential for safety, durability, and functionality.

Meanwhile, the household segment benefits from rising urbanization and improved living standards, driving demand for home textiles like bed linens, curtains, and upholstery.

Across all segments, advancements in materials and manufacturing technologies are supporting market expansion, with a strong focus on sustainability and performance.

3. By Process (Woven and Non-woven)

The woven segment held the largest revenue share of XX% in 2024.

Woven textiles, characterized by interlaced yarns, dominate the market due to their versatility, durability, and widespread use in clothing, household textiles, and industrial applications.

This segment benefits from traditional demand in apparel manufacturing and advancements in fabric technology, enabling high-strength and functional textiles.

Non-woven textiles, made by bonding fibres through mechanical, chemical, or thermal processes, are gaining traction due to their cost-effectiveness and application in technical fields.

These textiles are widely used in disposable products, healthcare (e.g., surgical masks, gowns), automotive interiors, and geotextiles.

The growing preference for lightweight, eco-friendly, and functional materials is driving innovation in both segments, with non-woven textiles seeing faster growth due to their expanding use in specialized applications.

4. By Region (Asia Pacific, Europe, North America, Latin America and Middle East & Africa)

The Asia-Pacific region led the global textile market in 2024, driven by countries like China, India, Bangladesh, and Vietnam, with a market value of USD XX billion.

This dominance is supported by abundant raw materials, cost-effective labour, and robust manufacturing infrastructure.

Europe maintained its position as a key player, known for high-quality textiles and a focus on innovation and sustainability.

In North America, advancements in technology and an emphasis on high-value technical textiles and apparel manufacturing bolstered market presence, particularly in the United States.

Latin America, led by Brazil and Mexico, benefited from trade agreements and proximity to major markets, driving both domestic consumption and exports.

The Middle East and Africa saw growth through investments in infrastructure, textile parks, and free trade zones, diversifying economies and attracting foreign investment.

Competitive Scenario

The global textile market is highly competitive, comprising a mix of well-established global players and emerging regional companies.

Key players include Toray Industries Inc., B.C. Corporation, Inditex SA, Shandong Weiqiao Pioneering Group Company Limited, and Nisshinbo Holdings Inc.

These companies are focused on leveraging advanced technologies, introducing sustainable textiles, expanding their product portfolios, and engaging in strategic partnerships to enhance their market presence.

Additionally, they are investing in research and development to cater to evolving consumer preferences and global trends.

Other notable players in the industry include Arvind Limited, Lenzing AG, Reliance Industries Limited, Aditya Birla Group, and Hyosung Corporation, among others, contributing to the dynamic and competitive landscape of the textile industry.

Recent Developments and Strategic Activities:

In Feb 2021, Paraguay's Ministry of Industry and Commerce announced that it will be investing USD 1.1 million in the manufacturing sector, mainly benefiting the clothing, textiles, and footwear industries, among other areas related to assembly operations.
In Jan 2025, Indian Union Minister of Textiles Giriraj Singh stated that the textile ministry is committed to helping the industry to reach the market size of $300 billion in year 2030 and provide employment to 6 crore persons in textile value chain
In Feb 2021, the Indian Government has announced the setting up of seven mega textile parks in the next three years. The government has also decided to rationalize the duties on raw material inputs to manmade textiles by reducing the customs duty rate on caprolactam, nylon chips, and nylon fiber and yarn to 5 %.