Authored By: Sarah
11 Jul 2024

 Textile Manufacturing Market Size to grow by USD 346.05 billion between 2024-2028

According to a research report “ Textile Manufacturing Market” by Type (Natural fibers, Polyesters, Nylons, Others) Application (Fashion, Technical, Household, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 346.05 billion, at a CAGR of  4.52% during the forecast period. The global textile manufacturing market, particularly the segment of technical textiles, experiences significant demand from the automotive industry. This industry is projected to expand at a steady pace during the forecast period. Technical textiles are indispensable in automobile production, contributing to the fabrication of essential components such as composites, sound insulation materials, and vibration control elements for vehicle interiors. Furthermore, technical textiles encompass a range of applications, including carpets, mats, upholstery, preassembly interior components, and safety belts. A notable trend in the textile industry is the increasing preference for natural fibers and fabrics, with cotton being a prominent example due to its rapid growth in countries like China, India, and the United States.

Browse market data tables, figures, and in-depth TOC on “Textile Manufacturing Market” by Type (Natural fibers, Polyesters, Nylons, Others) Application (Fashion, Technical, Household, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Natural fibers segment is projected to dominate the market size in 2024

The fashion segment dominated the global textile manufacturing market in 2023, accounting for a substantial share, driven by the production of apparel and fashion accessories for men, women, and children. The growing consumer trend towards fashionable clothing, fueled by urbanization and increasing middle-class income, is propelling demand for garments. Furthermore, the textile manufacturing industry is witnessing significant advancements with the integration of artificial intelligence, transforming various stages of the fashion value chain, from manufacturing and design to sales and customer experience. The anticipated GDP growth is expected to amplify consumer interest in fashion apparel, leading to robust market expansion during the forecast period.

By Application, Fashion  segment is expected to hold the largest market size for the year 2024

In the textile manufacturing sector, natural fibers derived from plant and animal sources play a significant role. Notable among these are cotton, silk, linen, wool, hemp, and jute. These fibers are extensively utilized for producing garments, apparel, construction materials, medical dressings, and automotive interiors. Wool, sourced from sheep, is a highly valued natural fiber for producing woolen clothing. Its flexibility, resilience, ability to trap air, insulation properties, and thermal stability make it an ideal choice. Silk, a protein filament spun by silkworms, is another prized natural fiber. Utilized in various applications such as clothing, tasar materials, tablecloths, curtains, upholstery, cushions, valets, clutches, ties, and socks, silk's benefits include suitability for all climatic conditions, quick-drying nature, durability, and softness. The global silk market is experiencing robust growth due to these advantages.

APAC is forecasted to hold the largest market size by region in 2024

The textile manufacturing market in Asia Pacific (APAC) experienced robust growth in 2023, driven by the region's substantial textile consumption and the presence of a vast consumer base and numerous textile vendors. Natural fibers, polyesters, and nylon are in high demand in APAC due to its abundant raw materials and easily accessible low-cost labor. China, India, Japan, Pakistan, South Korea, and Bangladesh are significant contributors to APAC's textile industry, with China leading as the world's largest textile consumer. The demand for textiles in fashion and household applications is high in China, where technical textiles are also gaining prominence.

The Textile Manufacturing Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Aditya Birla Management Corp. Pvt. Ltd.
  • B.C.CORP.
  • BSL Ltd.
  • China Petrochemical Corp.
  • Donear Industries Ltd.
  • Far Eastern New Century Corp.
  • Hyosung TNC Corp.
  • Industria de Diseno Textil SA
  • JCT Ltd.
  • Koch Industries Inc.
  • Lu Thai Textile Co. Ltd.
  • Modern Woollens
  • Nisshinbo Holdings Inc.
  • paramounttextiles
  • Paulo de Oliveira
  • PVH Corp.
  • Successors Reda SBpA
  • Toray Industries Inc.
  • VF Corp.
  • Zalando SE
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The textile manufacturing market is a dynamic and innovative industry that continuously evolves to meet the changing demands of consumers and the fashion industry. Textile trends play a significant role in shaping the market, with a focus on sustainability, functionality, and unique designs. Textile technology advances, such as digital printing and nanotechnology, drive innovation in areas like waterless dyeing, biodegradable fibers, and smart textiles. Denim, nonwovens, technical textiles, and various natural fibers like Nylon, Acrylic, Rayon, Linen, Wool, Silk, Polyester, and Cotton, are all essential components of the textile manufacturing market. Spinning, finishing, printing, dyeing, knitting, and weaving are key processes in transforming fibers into yarn, fabric, and ultimately, garments and apparel. Sustainability is a growing concern, with an increasing demand for eco-friendly textiles and production methods. This includes the use of recycled fibers, waterless processing, and energy-efficient machinery. As the market continues to evolve, it is essential to stay informed about the latest textile trends, technologies, and sustainable practices to remain competitive.

Market Research Overview

The textile manufacturing market is a dynamic and innovative industry that encompasses the production, trade, and consumption of various types of textiles, including denim, nonwovens, technical textiles, and natural fibers like cotton, linen, wool, silk, nylon, acrylic, rayon, and polyester. Textile innovation is a key driver in this market, with a focus on sustainability and reducing textile waste. Textile production involves processes like spinning, finishing, printing, dyeing, knitting, and weaving to transform fibers into yarn, fabric, and ultimately, garments and apparel. Textile imports and exports play a significant role in global trade, with major textile-producing countries like China, India, Bangladesh, and Pakistan exporting textiles to various parts of the world. Fashion trends and consumer preferences influence textile consumption, with an increasing demand for eco-friendly and sustainable textiles. The textile industry also produces a significant amount of waste, with efforts being made to reduce this through recycling and upcycling initiatives. Overall, the textile manufacturing market is a complex and diverse industry that continues to evolve with advancements in technology and changing consumer preferences.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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