Textile Market Size To Reach $1.61 Billion By 2033

Textile Market Growth & Trends

The global textile market size is expected to reach USD 1.61 billion by 2033, registering a CAGR of 4.2% from 2026 to 2033, according to a new report by Grand View Research, Inc. The rising consumer awareness levels coupled with rapidly changing trends in the fashion industry are projected to drive market growth. The rise in the e-commerce platforms that support sales and distribution of different types of products manufactured by the textile industry is also expected to drive the demand for textile-related products, thereby augmenting the market growth. In addition, stringent regulations to ensure labor or worker safety in various application industries are propelling the demand for Personal Protective Equipment (PPE), which requires wool or treated cotton as a raw material.

This, in turn, will boost the market further. In addition, technological advancements and the employment of a large number of skilled and unskilled labor involved in the product manufacturing from materials, such as natural fibers, polyesters, nylon, and others, are acting as a growth driving factor for the global market. Furthermore, the increasing concerns regarding the environment are also fueling the demand for sustainable and natural fibers, such as cotton, hemp, linen, silk, and others, which, in turn, is adding growth prospects to the overall market. The cotton raw material segment is expected to grow at a significant CAGR, in terms of volume, over the forecast period. This growth can be attributed to the high production and availability of cotton across various prominent regions including North America, Europe, and Asia Pacific.

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Textile Market Report Highlights

• The textile market is moderately fragmented, with a mix of large multinational corporations and a vast number of SMEs, particularly in Asia-Pacific. Companies like Arvind Ltd., Reliance Industries, Toray Industries, and Luthai Textiles have a strong presence.

• The cotton segment dominated the global textile industry, accounting for the largest revenue share of 39.2% in 2025. This is due to its natural origin, breathability, softness, and widespread consumer preference, particularly in the apparel and home textiles sectors.

• The silk segment is expected to grow at the fastest CAGR of 4.5% over the forecast period, driven by rising demand for premium, eco-friendly, and luxurious fabrics

• The natural fibers segment dominated the textile market, accounting for the largest revenue share of 44.7% in 2025, due to their biodegradability, renewability, and consumer demand for sustainable materials.

• The fashion segment dominated the textile market, accounting for the largest revenue market share of 72.7% in 2025, driven by high global demand for apparel across casual, formal, and seasonal categories.

• Asia Pacific dominated the textile market, accounting for the largest revenue share of approximately 49.9% in 2025, due to its vast manufacturing base, low labor costs, and robust export infrastructure. Countries like China, India, and Bangladesh dominate global production and exports.  

Textile Market Segmentation

Grand View Research has segmented the global textile market report based on raw material, product, application, and region:

Textile Raw Material Outlook (Volume, Million Tons; Revenue, USD Million, 2021 - 2033)

• Cotton

• Chemical

• Wool

• Silk

• Others

Textile Product Outlook (Volume, Million Tons; Revenue, USD Million, 2021 - 2033)

• Natural Fibers

• Polyesters

• Nylon

• Others

Textile Application Outlook (Volume, Million Tons; Revenue, USD Million, 2021 - 2033)

• Household

  • Bedding

  • Kitchen

  • Upholstery

  • Towel

  • Others

• Technical

  • Construction

  • Transport

  • Medical

  • Protective

• Fashion & Clothing

  • Apparel

  • Ties & Clothing

  • Handbags

  • Others

• Others

Textile Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

  • UK

  • Turkey

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

  • Iran

List of Key Players in Textile Market

• Hengli Petrochemical Co., Ltd.

• Shenzhou International Group Holdings Ltd

• Toray Industries, Inc.

• Inditex

• Chargeurs SA

• Far Eastern New Century Corporation

• Sasa Polyester Sanayi A.?.

• Eclat Textile Co. Ltd

• TJX Companies

• Vardhman Textiles