GVR Report cover Textile Market Size, Share & Trends Report

Textile Market Size, Share & Trends Analysis Report By Raw Material (Cotton, Wool, Silk, Chemical), By Product (Natural Fibers, Nylon), By Application (Technical, Fashion), By Region, And Segment Forecasts, 2022 - 2030

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

Report Overview

The global textile market size was valued at USD 993.6 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Increasing demand for apparel from the fashion industry coupled with the growth of e-commerce platforms is expected to drive the market growth over the forecast period. The industry works on three major principles, designing, production, and distribution of different flexible materials, such as yarn and clothing. Several processes, such as knitting, crocheting, weaving, and others, are largely 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, by product, 2020 - 2030 (USD Billion)

The U.S. is anticipated to be the largest market in the North America 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 fashion trends due to increasing online fast fashion companies. There has been an increasing trend of smart textiles in the market that use optical fibers, metals, and various conductive polymers to interact with the environment. These help in detecting and reacting 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 during the forecast period. Increasing consumer preference for sustainable products is forcing major 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 carpet into new material is expected to open new growth avenues over the forecast period. The recent outbreak of coronavirus disease had acted as a restraint to the global market. Global trade restrictions due to disrupted supply chain and decline in textile product consumption amid lockdown had further negatively impacted the market. However, the market is expected to witness a strong recovery during the forecast period due to government support and increasing public awareness about effective precautionary measures.

Raw Material Insights

Cotton led the market and accounted for more than 39% share of the global textile revenue in 2021. Cotton being the world’s most important natural fiber is attributed due to its superior property such as high strength, absorption, and color retention. China, India, and the U.S. are the major producer of cotton and cotton-based products in the world. Chemical-based textile is estimated to account for 97,075.9 kilotons in 2021, as they play an important role in the entire 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 textile accounted for 13.3% of the market in terms of revenue in 2021. Wool primarily composed of hydrogen, carbon, sulfur, and nitrogen, is extensively used to manufacture insulation products such as winter wears, blankets, carpeting, upholstery, and others. In addition, the products made from the same are used to absorb odor and noise in heavy machinery, thereby contributing growth to the technical application segment. Other raw materials used in the production of textiles are silk, minerals such as glass fibers and asbestos, and other synthetic material. Silk finds extensive use in the manufacturing of clothing, surgical suture, parachutes, silk comforter, and various others having high strength and elasticity is expected to drive the segment growth over the forecast period.

Product Insights

Natural fibers led the market in 2021 accounting for the maximum revenue share of more than 44.5%. This high growth was attributed to the wide use of natural fibers in diverse applications of the fashion and apparel industry. The segment will expand further at a steady CAGR from 2022 to 2030 due to the increasing environmental concerns coupled with the consumer shift toward sustainable products, which will drive the demand for natural fibers. The nylon segment is estimated to register the fastest CAGR, in terms of revenue, over the forecast 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 various others.

The polyester segment is expected to witness a significant growth rate from 2022 to 2030, which can be attributed to the rising demand for polyesters due to different properties, such as high strength, chemical & wrinkle resistance, and quick-drying properties. It is used in both, households as cushioning & insulating material in the pillows and in industries for making carpets, air-filters, coated fabrics, and others. The others 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 PE in the market. Moreover, the use of PP is adding positive growth to the others segment.

Application Insights

The fashion application segment led the market and accounted for more than 73% of the global revenue share in 2021 owing to the increased consumer spending on clothing and apparel. In addition, high consumer demand for crease-free suiting & shirting fabrics, as well as quality-dyed & printed fabrics across the globe will drive the segment growth further. An increase in demand for formal & casual wear and other fashionable clothing among all age groups across the globe is the major growth driving factor for the market. Moreover, the growing population and rapid urbanization in the emerging economies, such as India, Bangladesh, Vietnam, and Brazil, are likely to boost the demand for clothing and apparel, thereby positively contributing to the segment growth.

Global Textile market share, by application, 2021(%)

The demand for textiles in the technical segment is expected to grow at a significant CAGR, in terms of volume, over the projected period, owing to its high-performance properties and end-user applications. In addition, increasing application in the construction, transportation, medical, and protective clothing applications have boosted the use of the same, which is consequently driving the textiles market. The use of textiles in different areas of a household is one of the prominent growth driving factors for the household application segment. The segment includes bedding, upholstery, carpets, kitchen cloths, towel, and others. In addition, the high consumption of natural fibers, such as linen and cotton, along with synthetic fibers for manufacturing household textiles is further propelling the segment growth.

Regional Insights

Asia Pacific dominated the market and accounted for over 48% share of global revenue in 2021 owing to the increased sales volume of clothing and apparel goods. In addition, the presence of a high number of customers on e-commerce platforms buying clothing and related accessories in developing economies is adding positive growth to the regional market. Increased penetration of organized retail, favorable demographics, rising disposable income levels, and favorable government policies are also expected to drive the market in APAC, especially in countries, such as India, Bangladesh, and Pakistan.

For instance, in India, 100 percent Foreign Direct Investments (FDI) is allowed in textiles, which is set to focus on positive market growth. The market in Europe is expected to grow at a significant CAGR over the forecast period. It can be attributed to the favorable government policies and trade agreements, such as free-trade agreements and Euro-Mediterranean Dialogue on the textile and clothing industry. The demand for textile in North America and Central & South America is likely to witness promising growth over the projected period owing to the rising demand from 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 regional market growth.

Key Companies & Market Share Insights

The market has been witnessing rapid growth due to growing expansion and mergers & acquisitions activities. The companies are trying to increase their sales through various government trade agreements along with partnerships with e-commerce portals, such as Amazon, Flipkart, e-Bay, and others. The market is fragmented due to the presence of several small- and medium-scale manufacturers, especially in countries, such as China and India. Moreover, the easy availability of low-cost labor coupled with the government support to establish various big players’ business units in the aforementioned countries is expected to add positive growth to the market. Some prominent players in the global textile market include:

  • BSL Ltd.

  • INVISTA Srl.

  • Lu Thai Textile Co., Ltd.

  • Paramount Textile Ltd.

  • Paulo de Oliveira, S.A.

  • Successori REDA S.p.A.

  • Shadong Jining Ruyi Woolen Textile Co. Ltd.

  • Sinopec Yizheng Chemical Fibre Company Ltd.

  • China textiles Ltd.

  • Rhodia SA

  • Li & Fung Group

  • Modern Woollens Ltd.

  • Mayur Suitings

  • JCT Ltd.

Textile Market Report Scope

Report Attribute


Market size value in 2022

USD 1,032.1 billion

Revenue forecast in 2030

USD 1,420.3 billion

Growth rate

CAGR of 4.0% from 2021 to 2030

Base year for estimation


Historical data

2017 - 2020

Forecast period

2022 - 2030

Quantitative units

Volume in kilotons, revenue in USD billion, and CAGR from 2022 to 2030

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; France; U.K.; Turkey; Italy; Russia; China; India; Japan; Australia; Saudi Arabia; Iran; Brazil

Key companies profiled

BSL Ltd.; INVISTA Srl.; Lu Thai Textile Co., Ltd.; Paramount Textile Ltd.; Paulo de Oliveira, S.A.; Successori REDA S.p.A.; Shadong Jining Ruyi Woolen Textile Co. Ltd.; Sinopec Yizheng Chemical Fibre Company Ltd.; China textiles Ltd.; Rhodia SA; Li & Fung Group; Modern Woollens Ltd.; Mayur Suitings; JCT Ltd.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global textile market report on the basis of raw material, product, application, and region:

  • Raw-material Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

    • Cotton

    • Chemical

    • Wool

    • Silk

    • Others

  • Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

    • Natural fibers

    • Polyesters

    • Nylon

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

    • Household

      • Bedding

      • Kitchen

      • Upholstery

      • Towel

      • Others

    • Technical

      • Construction

      • Transport

      • Medical

      • Protective

    • Fashion & Clothing

      • Apparel

      • Ties & Clothing accessories

      • Handbags

      • Others

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 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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