Textile Manufacturing Market
Textile Manufacturing Market Size, Share, and Trends Analysis Report by Product Type (Natural Fibers and Nylon), Raw Material (Cotton, Wool, Silk, and Chemical), Application (Technical and Fashion& Clothing) and Forecast Period (2023–2030) Update Available - Forecast 2024-2030
Textile manufacturing market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. Increased global interest and engagement in active sports and outdoor leisure pursuits has resulted in a significant increase in the usage of textile materials in sporting and associated items and equipment. Hence, the increase in textile fiber applications is expected to boost market development throughout the forecast period. Additionally, the market for textile fabrics is predicted to grow owing to a growth in the demand for lightweight and multifunctional materials with properties such as heat retention, low fluid resistance, stretching, water resistance,vapor permeability, and heat resistance.
Segmental Outlook
The global textile manufacturing market is segmented by product type, raw material, and application. Based on product type, the market is sub-segmented into natural fibers and nylon. Based on raw material, the market is sub-segmented into cotton, wool, silk, and chemical. Based on application, the market is sub-segmented into technical and fashion. Among application, the fashion & clothing segment is predicted to have the biggest market share owing to the increasing clothing brands and fashion trends such as bags, shoes, and others.The growth of the e-commerce also supports this segment’s growth in the textile manufacturing market.
The Natural Fibers Sub-Segment Holds a Prominent Share in the Global Textile ManufacturingMarket
Based on product type, the market is sub-segmented into natural fibers and nylon. Among these, the natural fibers segment holds a significant share of the market. Natural fiber composites are lighter and stronger than conventional fibers, and so find widespread use in the car industry for interior and exterior applications. Cotton, silk, linen, wool, hemp, jute, and cashmere are a few examples of organic fibers derived from plants and animals. These fibers are widely utilized in the production of clothing, apparel, building materials, medical treatments, and automotive interiors, among other things.Silk is utilized in upholstery and clothing since it comes in both fine and coarse variants. Wool and jute are popular textile materials due to their durability, flexibility, and softness.
Regional Outlook
The global textile manufacturing market is segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the rest of the world (the Middle East and Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among the regions, the Asia-Pacific region is expected to generate the highest market share. However, the North American marketis also expected to grow significantly in the forecast period, owing to the growth in the disposable income of individuals that is increasing their purchasing power of textile items such as clothing, bags, and others and the increase in the number of textile manufacturers in the region.Additionally, according to the National Council of Textile Organizations of the US, in 2022, the textile industry supply chain in the US—from textile fibers through garments and other sewn products— employed 538,067 people. Further, the US is the world's third largest exporter of textile-related items. In 2021, fiber, textile, and clothing exports totaled $34.0 billion.
Global Textile Manufacturing Market Growth, by Region (2023-2030)
The Asia-PacificRegion is Expected to Dominate the Global Textile ManufacturingMarket
The presence of a large number of customers buying apparel and related accessories on e-commerce platforms in developing economies is contributing to positive growth in the Asia-Pacific’s textile manufacturingmarket. Increasing organized retail penetration, favorable demographics, rising disposable income levels, and favorable government regulations are also likely to fuel the market in APAC, particularly in India and China. In India, for instance, 100% Foreign Direct Investment (FDI) is permitted in textiles.Additionally, according to the India Brand Equity Foundation, cotton production in India is expected to reach 7.2 million tonnes (43 million bales of 170 kg each) by 2030, owing to rising consumer demand.The growth of end-use industries such as automobiles, clothing, and others, in the Asia-Pacific will also increase the textile manufacturing in the region.
Market Players Outlook
The major companies serving the global textile manufacturingmarket BSL Ltd., China Textiles Ltd., Grasim Industries Ltd., Hyosung TNC, INVISTA Srl., JCT Ltd.,and others. These companies are considerably contributing to the market’s growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, investments, and new bio-based textile launches to stay competitive in the market. For instance, in August 2022, Hyosung TNC reported the successful development of bio-derived spandex, creora® bio-based, employing a natural substance taken from corn instead of coal, and the approval of a global eco-friendly certification. Commercialization of the world's first bio-based spandex, which saves carbon emissions by 23% compared to traditional goods.The creora bio-based spandex contains a corn-derived component that has been certified as environmentally friendly by the US Department of Agriculture, replacing a portion of coal-extracted raw materials.
The Report Covers-
- Market value data analysis for 2023 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global textile manufacturingmarket. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who stands where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Textile Manufacturing Market by Product Type
4.1.1. Natural Fibers
4.1.2. Nylon
4.2. Global Textile Manufacturing Market by Raw Material
4.2.1. Cotton
4.2.2. Wool
4.2.3. Silk
4.2.4. Chemical
4.3. Global Textile Manufacturing Market by Application
4.3.1. Technical
4.3.2. Fashion& Clothing
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1 BSL Ltd.
6.2 China Textiles Ltd.
6.3 Grasim Industries Ltd.
6.4 Hyosung TNC
6.5 INVISTA Srl.
6.6 JCT Ltd.
6.7 Li & Fung Group
6.8 Lu Thai Textile Co., Ltd.
6.9 Mayur Suitings
6.10 Modern Woollens Ltd.
6.11 Paramount Textile Ltd.
6.12 Paulo de Oliveira, S.A.
6.13 Rhodia SA
6.14 Shadong Jining Ruyi Woolen Textile Co., Ltd.
6.15 Sinopec Yizheng Chemical Fibre Co., Ltd.
6.16 Successori REDA S.p.A.
1. GLOBAL TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
2. GLOBAL TEXTILE MANUFACTURING BY NATURAL FIBERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL TEXTILE MANUFACTURING BY NYLON MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2022-2030 ($ MILLION)
5. GLOBAL COTTON TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL WOOL TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL SILK TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL CHEMICAL TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
10. GLOBAL TECHNICAL TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL FASHION & CLOTHING TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. NORTH AMERICAN TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
13. NORTH AMERICAN TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
14. NORTH AMERICAN TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2022-2030 ($ MILLION)
15. NORTH AMERICAN TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
16. EUROPEAN TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
17. EUROPEAN TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
18. EUROPEAN TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2022-2030 ($ MILLION)
19. EUROPEAN TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
20. ASIA-PACIFIC TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
21. ASIA-PACIFIC TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
22. ASIA-PACIFIC TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2022-2030 ($ MILLION)
23. ASIA-PACIFIC TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
24. REST OF THE WORLD TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
25. REST OF THE WORLD TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2022-2030 ($ MILLION)
27. REST OF THE WORLD TEXTILE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL TEXTILE MANUFACTURING MARKET SHARE BY PRODUCT TYPE, 2022 VS 2030 (%)
2. GLOBAL TEXTILE MANUFACTURING BY NATURAL FIBERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL TEXTILE MANUFACTURING BY NYLON MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL TEXTILE MANUFACTURING MARKET SHARE BY RAW MATERIAL , 2022 VS 2030 (%)
5. GLOBAL COTTON TEXTILE MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL WOOL TEXTILE MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL SILK TEXTILE MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL CHEMICAL TEXTILE MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL TEXTILE MANUFACTURING MARKET SHARE BY APPLICATION, 2022 VS 2030 (%)
10. GLOBAL TECHNICAL TEXTILE MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL FASHION & CLOTHING TEXTILE MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL TEXTILE MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. US TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
14. CANADA TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
15. UK TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
16. FRANCE TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
17. GERMANY TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
18. ITALY TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
19. SPAIN TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
20. REST OF EUROPE TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
21. INDIA TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
22. CHINA TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
23. JAPAN TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
24. SOUTH KOREA TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF ASIA-PACIFIC TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD TEXTILE MANUFACTURING MARKET SIZE, 2022-2030 ($ MILLION)
