GVR Report cover Textile Market Size, Share & Trends Report

Textile Market Size, Share & Trends Analysis Report By Raw Material (Wool, Chemical, Silk), By Product (Natural Fibers, Polyester), By Application, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-736-0
  • Number of Pages: 145
  • Format: Electronic (PDF)

Textile Market Size & Trends

The global textile market size was valued at USD 1,695.13 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.6% in terms of revenue from 2023 to 2030. The ever-increasing apparel demand from the fashion industry, coupled with the meteoric growth of e-commerce platforms, is expected to drive market growth over the forecast period. The textile industry works on three major principles, namely the design, production, and distribution of different flexible materials such as yarn and clothing. Many processes, such as knitting, crocheting, weaving, and others, are primarily used to manufacture a wide range of finished and semi-finished goods in bedding, clothing, apparel, medical, and other accessories.

U.S. Textile market size and growth rate, 2023 - 2030

The U.S. is anticipated to be the largest market in the North American region for textiles. It is one of the largest producers, raw cotton exporters, and top raw textile importers. Fashion is the largest application segment in the region, owing to the fast-changing fashionable trends and ease of adoption due to the rapidly-emerging online fast fashion companies.

There has been an increasing trend in the use of smart textiles in the market that use optical fibers, metals, and various conductive polymers to interact with the environment. These help detect and react to various physical stimuli such as mechanical, thermal, or chemical & electric sources. This is expected to propel the growth of the technical application segment in the market for textiles during the forecast period.

The rapidly growing consumer preference towards sustainable products is forcing major textile companies to focus on restructuring their business and investing in manufacturing practices that target sustainable products. For instance, DuPont’s plant-based faux fur for performance fashion apparel and Eastman's usage of discarded carpets in new materials is expected to open several major industry avenues over the forecast period.

Fashion is gaining increasingly higher importance in the lifestyle of consumers. This can be attributed to the constant exposure to advertisements that result in impulsive buying. In addition, social media is another major factor adding up to the rising demand for fashionable wear. Companies such as H&M and Zara are utilizing social media platforms to reach potential customers and gain higher market shares.

The recent coronavirus pandemic has acted as a restraint to the global market growth for textiles. Global trade restrictions due to a disrupted supply chain and the decline in textile product consumption amid the imposed lockdowns further negatively impacted the market progress. However, the industry is expected to witness a strong recovery during the forecast period, aided by government support and increasing public awareness regarding effective precautionary measures.

Raw Material Insights

The cotton segment led the market and accounted for 38.9% of the overall revenue share 2022. Cotton is the world’s most important natural fiber, attributed to its superior properties, such as high strength, absorption, and color retention. China, India, and the U.S. are the primary producers of cotton and cotton-based products worldwide.

The expansion of the textile industry, on account of the rising demand for garments and apparel in these countries, is likely to augment the demand for cotton, which is expected to drive segment growth over the forecast period. According to a report published by the Textile Exchange, more than 95% of all industry-grade cotton is grown in Brazil, India, China, Pakistan, the U.S., Australia, Cameroon, and Côte d’Ivoire.

The chemical-based textile segment accounted for an estimated market volume of 68,609.1 million tons in 2022, playing an essential role in the textile manufacturing industry. Though chemicals are hazardous to human health and the environment, they are extensively used as mercerizing agents, neutralizers, leveling agents, binders, thickeners, and stain-removers in the textile industry.

Wool-based textiles accounted for 13.3% of the market share in revenue in 2022. Wool, primarily composed of hydrogen, carbon, sulfur, and nitrogen, is extensively used to manufacture insulation products such as winter wear, blankets, carpeting, upholstery, etc. In addition, the same raw material-based products are used to absorb odor and noise in heavy machinery, thereby contributing to the growth of the technical application segment.

Some other raw materials used in the production of textiles are silk, minerals such as glass fibers and asbestos, and other synthetic materials. Silk finds extensive use in the manufacturing of clothing items, surgical sutures, parachutes, silk comforters, and other products having high strength and elasticity, which is expected to drive the segment growth over the forecast period.

Product Insights

The natural fibers product segment led the market and accounted for a revenue share of 44.1% in 2022 because of their extensive use in diverse applications of the fashion and apparel industry. Increasing environmental concerns, coupled with the continued consumer shift to use sustainable products, is further expected to increase the demand for natural fibers, thereby driving the growth of the overall textiles market.

The surging demand for natural fibers from the apparel and fashion industries is expected to be a key driver for the growth of the natural fibers segment of the textile market over the forecast period. However, these fibers are costlier than synthetic fibers, which can act as an obstacle to the growth of the natural fibers segment of the textiles market.

Polyester is expected to witness a growth rate of 7.4% from 2023 to 2030, which can be attributed to its beneficial properties such as high strength, chemical & wrinkle resistance, and quick drying. It is used in households as cushioning & insulating material in pillows, as well as in industries for making carpets, air filters, coated fabrics, and other products.

Nylon is the third-largest product used in the textiles industry, and the segment is forecast to expand at the highest CAGR of 8.1% during the projection period. It is widely used in apparel and home-furnishing applications owing to its high resilience, elasticity, and moisture-absorbing properties. In addition, it acts as a substitute for silk-based products such as women’s stockings, parachutes, flak vests, and others.

The other product segment includes polyethylene (PE), polypropylene (PP), aramid, and polyamide. Properties such as high resistance against acids & alkalis at high temperatures and minimum moisture retention have increased the demand for polyethylene in the market for textiles. Additionally, the use of polypropylene in the textile industry is further enhancing the growth of the market.

Application Insights

The fashion segment dominated the market with more than 72.4% of the global revenue share in 2022, owing to the increasing consumer spending on clothing and apparel. In addition, high consumer requirements for crease-free suiting & shirting fabrics, as well as quality dyed & printed fabrics across the globe, are likely to drive the global market demand for textiles over the forecast period.

Global Textile market share and size, 2022

An increase in demand for formal & casual wear and other fashionable clothing among all age groups in the global population is a major driver for the textiles market growth. Moreover, increasing population and urbanization in emerging economies such as India, Bangladesh, Vietnam, Brazil, and others will likely propel the demand for clothing and apparel, positively contributing to market advancement.

Demand for textiles in the technical segment is expected to grow at the fastest rate of 7.7% in terms of revenue over the projected period, owing to its high-performance properties and end-user applications. In addition, increasing application in construction, transportation, medical and protective clothing have boosted their use, consequently driving the textiles market.

The use of textiles in different areas of a household is one of the prominent growth drivers. This includes its utilization in bedding, upholstery, carpets, kitchen cloths, towels, and others. In addition, the high consumption of natural fibers, such as linen and cotton, along with synthetic fibers used for manufacturing household textiles, is further propelling the segment's growth.

Regional Insights

The Asia Pacific region dominated the market with a revenue share of 53.41% in 2022, owing to the increasing sales volume of clothing and apparel goods. The increasing population is expected to result in further substantial growth of the region, with the highest CAGR of 9.7% from 2023 to 2030. In addition, the presence of many customers on e-commerce platforms buying clothing and related accessories in developing economies is further driving the growth of the overall textiles market.

Textile Market Trends, by Region, 2023 - 2030

Increased penetration of organized retail, favorable demographics, rising income level, and favorable government policies are expected to drive the demand for textiles, especially in countries such as India, Bangladesh, Pakistan, and others. For instance, in India, 100 percent foreign direct investment (FDI) is allowed in textiles, which is expected to propel regional market growth over the forecast period.

North America is expected to witness fast-paced growth in the coming years on account of the growing industrial manufacturing, coupled with the rising number of product launches in the sports and fashion industries. The U.S. is expected to remain a significant cotton producer in the industry, owing to rising textile product demand from various end-use sectors. The textile market is witnessing a huge product demand for industrial manufacturing and from the home textile sector owing to the increase in awareness about the uses of technical textiles.

The market volume in Europe was estimated to be 53.865.2 million tons in 2022 and is expected to expand further at a significant rate over the forecast period. This growth can be attributed to the favorable government policies and trade agreements in the region, such as free-trade agreements and Euro-Mediterranean Dialogue on the textile and clothing industry.

The demand for textiles in North America and Central & South America will likely witness promising growth over the projected period, owing to the rapidly rising popularity of sports & apparel and home-furnishing textile products. In addition, the consumption of textile fibers, such as synthetic and cellulose fibers, needed for filtration in industrial applications is expected to have a positive impact on the market growth over the forecast period.

Key Companies & Market Share Insights

The market for textiles has been witnessing a rising trend through strategies such as geographical expansions and mergers & acquisitions. Companies are trying to increase their sales through various government trade agreements, as well as partnerships with e-commerce portals such as Amazon, flip kart, eBay, and others.

The market is fragmented due to several small- and medium-sized manufacturers, especially in countries such as China and India. Moreover, the easy availability of low-cost labor, coupled with strengthening government support to establish the business units of various major players in these countries, is expected to bring healthy growth to the market. Some of the prominent players in the global textile market include:

  • BSL Limited


  • Lu Thai Textile Co., Ltd.

  • Paramount Textile Limited

  • Paulo de Oliveira, S.A.

  • Successori REDA S.p.A.

  • Shandong Jining Ruyi Woolen Textile Co., Ltd.

  • Shandong Demian Incorporated Company

  • Shijiazhuang Changshan Textile Co., Ltd

  • Weiqiao Textile Company Limited

  • DBL Group

  • B.D. Textile Mills Pvt. Ltd.

  • IBENA Inc.

  • Heytex Bramsche GmbH

  • Bahariye AS

  • Fratelli Balli S.p.A.

  • İpekiş Mensucat Türk A.Ş

  • Lakhmi Woollen Mills

  • Wilh. Wülfing GmbH & Co. KG

  • Lanificio F.lli Cerruti

  • Özlem Kumaş, Ltd.

  • Trabaldo Togna S.p.A.

  • Yünsa Yünlü Sanayi ve Ticaret A.Ş.

  • Xinhui Woollen Textile Co., Ltd.

  • O'Formula Co., Ltd.

  • Wuxi Xiexin Group Co., Ltd.

  • The Bombay Dyeing & Mfg. Co., Ltd

  • Huafu Top Dyed Melange Yarn Co., Ltd.

  • Mayur Fabrics

  • Solvay S.A.

  • Sinopec Yizheng Chemical Fibre Company Limited

  • Li & Fung Group

  • JCT Limited

Textile Market Report Scope

Report Attribute


Market size value in 2023

USD 1,837.27 billion

Revenue forecast in 2030

USD 3,047.24 billion

Growth Rate

CAGR of 7.6% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2030

Quantitative units

Volume in million tons, revenue in USD billion, and CAGR from 2023 to 2030

Report updated

May 2023

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Raw material, product, application, region

Regional scope

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

Country scope

U.S.; Canada; Mexico; Germany; UK; France; Russia; Turkey; Italy; China; India; Japan; Australia; Brazil; Saudi Arabia; Iran

Key companies profiled

BSL Limited; INVISTA S.R.L.; Lu Thai Textile Co., Ltd.; Paramount Textile Limited; Paulo de Oliveira, S.A.; Successori REDA S.p.A.; Shandong Jining Ruyi Woolen Textile Co., Ltd.; Shandong Demian Incorporated Company; Shijiazhuang Changshan Textile Co., Ltd; Weiqiao Textile Company Limited; DBL Group; B.D. Textile Mills Pvt. Ltd.; IBENA Inc.; Heytex Bramsche GmbH; Bahariye AS; Fratelli Balli S.p.A.; İpekiş Mensucat Türk A.Ş; Lakhmi Woollen Mills; Wilh. Wülfing GmbH & Co. KG; Lanificio F.lli Cerruti; Özlem Kumaş, Ltd.; Trabaldo Togna S.p.A.; Yünsa Yünlü Sanayi ve Ticaret A.Ş.; Xinhui Woollen Textile Co., Ltd.; O'Formula Co., Ltd.; Wuxi Xiexin Group Co., Ltd.; The Bombay Dyeing & Mfg. Co., Ltd; Huafu Top Dyed Melange Yarn Co., Ltd.; Mayur Fabrics; Solvay S.A.; Sinopec Yizheng Chemical Fibre Company Limited; Li & Fung Group; JCT Limited

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Global Textile Market Report Segmentation

This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global textile market report based on raw material, product, application, and region:

  • Raw-material Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

    • Cotton

    • Chemical

    • Wool

    • Silk

    • Others

  • Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

    • Natural fibers

    • Polyesters

    • Nylon

    • Others

  • Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

    • Household

      • Bedding

      • Kitchen

      • Upholstery

      • Towel

      • Others

    • Technical

      • Construction

      • Transport

      • Medical

      • Protective

    • Fashion & Clothing

      • Apparel

      • Ties & Clothing accessories

      • Handbags

      • Others

    • Others

  • Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • Italy

      • U.K.

      • Turkey

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • Iran

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