Global Textiles Market Drivers, Restraints, Potential Growth Opportunities, Product Size, Application Estimation, Vendor Competitive Landscape, Trends and Forecast 2020-2030

In 2021, the size of the global textile market was estimated to be USD 991.13 billion. By 2030, it is expected to have grown at a compound annual growth rate (CAGR) of 9.12% to reach USD 1.89 trillion.

The global textiles industry statistics is expected to grow in terms of revenue in the coming years. Textile is a material produced using several procedures like felting, knitting, weaving and crocheting. Textile materials are mostly used for the manufacturing of advanced as well as conventional goods used for construction, apparel, protective, bedding, handbags, kitchen, transportation and accessories of clothing. Increase in the awareness for the manufacturing of protective equipment as per the strict rules assigned by government at safety of worker is propelled to encourage use of fiber products like nylon. In addition, innovative technologies for the development of upholstery products obtained from coated fabrics are estimated to increase the global textiles market size.

Factors that are substantially affecting the textile chemicals industry involve the apparel industries development because of rise in the value for growth in customers. On considering these factors, market is encouraged to increase the demand for ecofriendly chemicals, packaging industries development and home furnishing products. Factors boosting this textiles market are offering opportunities for the growth of textiles market whereas unfavorable effects of textile chemicals are controlling the textiles industry growth.

Clothing and apparels segments are experiencing the acceptance of large-scale chemicals of textiles. Clothing & apparels segments are accepted in textiles market widely because of rise in the demand for fashion trends across the globe. In addition, rise in the income has increased the need of textile chemicals. Products of floor furnishing, healthcare & medicinal products and home furnishing products are the trending segments in the global textiles market. Textile chemicals rapid growth is projected to boost the growth of textiles market because of increase in demand for fabrics coating, pre-treatment of textiles and dyeing. These applications have the ability to produce the high revenue because of increase in the acceptance of the biodegradable chemicals of textile.

Several agreements of government are impacting the textile market positively. Trade Promotion Act, Andean Trade Preference Act and African Growth & Opportunities Act are considered to make the textile trade easy in developed and developing regions. In spite of social and economic advantages, efficiency of the policies of trade is restricted by politics of special interest in the developed region. Political economy in developed regions are affecting the adherence and formation of international trade agreements claims Trade Representative and World Trade Organization for protecting the textile market.

Global textiles market are segmented on the basis of product, raw-material, application and region. On the basis of product, textiles market is divided into polyesters, natural fibers, nylon and more. Based on raw-material, textiles market is divided into chemical, silk, wool, cotton and more. On considering application, textiles market is divided into technical, household, clothing & fashion and much more. Technical is sub-divided into transportation, construction, protective, medical and others. Household is sub-divided into kitchen, towel, upholstery, and bedding whereas clothing & fashion is divided into handbags, clothing & ties accessories, apparel, handbags and many more.

Geographically, regions involved in the development of textiles market statistics are Europe, North America, South America, Central America, Asia Pacific and Middle East & Africa. Asia pacific is rapidly growing region in textiles market and holds largest textile market share. North America is the region is projected to experience the maximum growth in the coming years.

Global Textiles Market Scope

Key Segments in the “Global Textiles Market” are-

By Product, market is segmented into: Raw-material Application

• Polyesters
• Natural Fibers
• Nylon
• Others

By Raw-Material, market is segmented into:

• Chemical
• Silk
• Wool
• Cotton
• Others

By Application, market is segmented into:

• Technical

• Transportation
• Construction
• Protective
• Medical
• Others

• Household

• Kitchen
• Towel
• Upholstery
• Bedding

• Clothing & Fashion

• Handbags
• Clothing & Ties Accessories
• Apparels
• Handbags
• Others

• Others

By Regions market is segmented into:

• Europe
• North America
• South America
• Central America
• Asia Pacific
• Middle East & Africa

What to expect from the Global Textiles Market report?

- Predictions of future made for this market during the forecast period.

- Information on the current technologies, trends, devices, procedures, and products in the industry.

- Detailed analysis of the market segmentation, depending on the types, devices, and products.

- Government regulations and economic factors affecting the growth of the market.

- An insight into the leading manufacturers.

- Regional demographics of the market.