The Indian textile market is estimated to grow at a CAGR of more than 5% during the forecast period. India’s textile and apparel sector enjoys good growth prospects, owing to its long-standing traditions of textile and apparel manufacturing, and steady government support. In addition, this country of 1.3 billion individuals is home to a rising and increasingly affluent middle class that wishes to spend more on both home textiles and clothing. This has supported in facilitating the spread of private labels for home textile and fast fashion, as opposed to premium fabrics and brands. India’s textile and apparel sector is increasingly well-positioned to respond to demand both low- and high-end home textiles and fashion. 

Domestic textile and apparel conglomerates have also boosted their capacity and expertise in the emerging niches of industrial fabric and innovative flooring materials with reduced environmental footprints and enhanced performance features. India’s textile and apparel sector is a substantial export and employment generator and enjoys active support from the federal government. For years, the authorities have adopted policies designed to boost exports and investment, enhance employee skills, bring employment opportunities to underdeveloped regions, and preserve the sector’s cultural heritage. 

Drivers for the textiles and apparel industry include India’s rising middle class, its ongoing urbanization, and the rising number of nuclear families, which have resulted in Westernized tastes and higher consumption and spending. This creates opportunities for boosting domestic production capacity and expertise, as well as for the entry, or deeper penetration of, global textile and apparel brands. The regulations allow 100% FDI in textile and apparel manufacturing. In addition, potential investors can set up manufacturing units in Special Economic Zones (SEZs), National Investment and Manufacturing Zones (NIMZs), and Integrated Textile Parks (SITPs) at subsidized rates. Emerging trends including technical textiles, a global player in fast fashion, textile parks to attract global investments, and technology up-gradation, all are playing an important role in advancing the textile industry in the country.

The Indian textile market is segmented based on material and application. Based on material, the textile market is segmented into cotton, jute, silk, synthetic, wool, and others. The application segment includes fashion and clothing, industrial/technical, and household. The country is the largest producer of cotton and jute, with cotton leading the market value share in the country. Additionally, India is the second-largest producer of polyester, silk, and fiber, only behind China, and shows exceptional growth prospects in the coming years.

Textile in India has always been one of the most lucrative businesses for manufacturers, distributors, and all the players involved in the life chain of textiles. A huge number of different size players reside in the country, some of the major players in that large chunk of share include Arvind Mills, BSL Limited, Grasim Industries Limited, K P R Mill Ltd, Lakshmi Mills Company, Raymond Group, Reliance Textiles, Ruby Mills Ltd., Vardhman Textiles Limited, and Welspun India.

Research Methodology

The market study of the Indian textile market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Indian Textile Market Research and Analysis by Material
2. Indian Textile Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Indian textile market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian textile market.
• Insights about market determinants which are stimulating the Indian textile market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.