Textile Market to Signify Strong Growth by 2024-2031

Textile Market is projected to grow at a CAGR of 4.8% during the forecast period. The textile sector is an ever-growing market with remarkable growth prospects almost all across the globe. Favourable demographics, increasing per capita income, and a shift in preference toward branded products to drive demand for textile, globally. Superior quality and advantageous trade policies are also estimated to play an imperative role and boost textile exports.

Growth in building and construction will continue to drive demand for non-clothing textiles. The availability of raw materials such as cotton, wool, silk and jute is in abundance, which, in turn, has provided a significant boost to the market. Developing countries such as China and India are playing a pivotal role in the overall textile industry. The central forte of the Indian textile industry is its robust production base of a wide range of fiber, yarns from natural fibers like silk, jute, cotton, and wool to synthetic, man-made fibers such as acrylic, nylon, polyester, and viscose.

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Textile Market Segmentation

By Material

·                  Cotton

·                  Jute

·                  Silk

·                  Synthetic

·                  Wool

·                  Others

By Application

·                  Fashion and Clothing

·                  Industrial/Technical

·                  Household

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Regional Analysis

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

Company Profiles

·                  Aditya Birla Group

·                  Arvind, Ltd.

·                  BSL, Ltd.

·                  Chori Co., Ltd.

·                  Elevate Textiles, Inc. (International Textile Group)

·                  Far Eastern New Century Corp.

·                  Glen Raven, Inc.

·                  HuaFang Group

·                  Hyosung TNC Corp.

·                  Koch Industries, Inc.

·                  Lakshmi Mills Co.

·                  Nisshinbo Holdings, Inc.

·                  Paramount Textile, Ltd.

·                  POLLACK   

·                  PVH Corp.

·                  Ralph Lauren Corp.

·                  Raymond Group

·                  Reliance Industries, Ltd. 

·                  River Island

·                  Shandong Ruyi Technology Group Co.

·                  Shandong Weiqiao Pioneering Group Co., Ltd.

·                  Solvay S.A. 

·                  Successori REDA SpA

·                  Texhong Textile Group, Ltd.

·                  The Ruby Mills, Ltd.

·                  Topman

·                  Toray Industries, Inc.

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