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Textile Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70447
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The textile market share is expected to increase by USD 549.87 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.1%.

This textile market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers textile market segmentation by product (natural fibers, polyesters, nylon, and others), application (fashion, technical, household, and others), and geography (APAC, North America, Europe, South America, MEA). The textile market report also offers information on several market vendors, including Arvind Ltd., Asahi Kasei Corp., Beaulieu International Group NV, Far Eastern New Century Corp., Grasim Industries Ltd., Lu Thai Textile Co. Ltd., Sutlej Textiles and Industries Ltd., Toray Industries Inc., Toyobo Co. Ltd., and Vardhman Group among others.

What will the Textile Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Textile Market Size for the Forecast Period and Other Important Statistics

 

Textile Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing demand for natural fibers is notably driving the textile market growth, although factors such as fluctuating crude oil prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the textile industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Textile Market Driver

The increasing demand for natural fibers is a major factor driving the global textile market share growth. These fibers are widely used to manufacture garments, apparel, construction materials, medical dressings, and interiors of automobiles, among others. The abundance of natural fibers, especially cotton, in China, India, and the US is contributing significantly to the growth of the global textile market. Cotton is widely used in textile applications, given its ease of cultivation and extensive farming in China, India, the US, Brazil, and Pakistan. Cotton is also the most commonly used natural fiber in textiles and in industrial applications such as apparel and home furnishings. Cotton fiber is widely preferred in the global textile market, and its increasing use will promote growth during the forecast period. Silk is used in upholstery and apparel as it is fine and coarse, lustrous, smooth, light in weight, strong, and elastic. Wool and jute are used as textile materials for their resilience, elasticity, and softness. Therefore, the increasing consumption of natural fibers such as cotton, silk, wool, and jute, given their various attributes such as environmentally-friendly nature and easy availability, will drive the global textile market during the forecast period.

Key Textile Market Trend

The innovations in textile industry is another factor supporting the global textile market share growth. Innovations to offer products with better efficiency and enhanced properties are a growing trend in the market. Thus, to maintain their competitive edge and market share, vendors strongly emphasize new technology and innovations. For instance, in March 2021, B.I.G yarns, a division of Beaulieu International Group NV (BIG), announced the development of EqoCycle, a fully recyclable PA6 yarn with 75% recycled content offering the same high-quality performance as that of virgin PA6 yarn. In October 2020, Toray Industries Inc. (Toray) announced the development of Mushon 4X, a textile that quells the sources of odors. In June 2019, Unifi announced the launch of a new sustainable product, REPREVE Our Ocean fiber, which is made from bottles collected within 31 miles (50 kilometers) of coastlines in countries or areas that lack formal waste or recycling systems. Therefore, such product developments and increasing innovations will enhance the growth of the global textile market during the forecast period

Key Textile Market Challenge

The fluctuating crude oil prices will be a major factor driving the global textiles market share growth during the forecast period. Synthetic textiles are produced from polymers obtained from crude oil through the polymerization process. The prices of these polymers depend on crude oil prices as crude oil is a key raw material for polymer production. Fluctuating crude oil prices in the global market directly impacts polymer prices. Frequent fluctuations in crude oil prices have been observed over the past decade. Such fluctuations subsequently affect the operations of the global synthetic textile market. In 2010, crude oil was $82 per barrel as per the US Energy Information Administration (EIA), and this increased to $108.56 per barrel in 2013. However, in 2020, e crude oil prices fell further with the outbreak of the COVID-19 pandemic. According to the IEA, in March 2020, crude oil price fell by 40% from its price in March 2019. Such fluctuations in crude oil prices impact the prices of methylene diphenyl diisocyanate and toluene diisocyanate. Such frequent fluctuations will negatively impact the cost of polymers and their applications, thereby hindering the market growth.

This textile market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

The global textile market is part of the global textile, apparel, accessories, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the textile market during the forecast period.

Who are the Major Textile Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Arvind Ltd.
  • Asahi Kasei Corp.
  • Beaulieu International Group NV
  • Far Eastern New Century Corp.
  • Grasim Industries Ltd.
  • Lu Thai Textile Co. Ltd.
  • Sutlej Textiles and Industries Ltd.
  • Toray Industries Inc.
  • Toyobo Co. Ltd.
  • Vardhman Group

 

This statistical study of the textile market encompasses successful business strategies deployed by the key vendors. The textile market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Arvind Ltd.- The company offers denim, wovens, knits, among others

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The textile market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Textile Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the textile market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global textile, apparel, accessories, and luxury goods market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Textile Market?

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75% of the market’s growth will originate from APAC during the forecast period. China, India and Pakistan are the key markets for market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The presence of a large consumer base and the easy availability of raw materials and labor at a low cost will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 hampered market growth in the region, owing to the temporary closure of several manufacturing plants following the lockdown measures implemented by the governments of different countries in the region. However, in 2021, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating Product Segments in the Textile Market?

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The market share growth in the natural fibers segment will be significant during the forecast period. Natural fibers such as cotton, silk, linen, wool, hemp, and jute are used extensively to produce garments, apparel, construction materials, medical dressings, and automotive interiors, among others. This has been driving the growth of the natural fibers segment in the textile market significantly.

This report provides an accurate prediction of the contribution of all the segments to the growth of the textile market size and actionable market insights on post COVID-19 impact on each segment.

Textile Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.1%

Market growth 2021-2025

$ 549.87 billion

Market structure

Fragmented

YoY growth (%)

2.24

Regional analysis

APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 75%

Key consumer countries

China, India, US, Brazil, Pakistan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Arvind Ltd., Asahi Kasei Corp., Beaulieu International Group NV, Far Eastern New Century Corp., Grasim Industries Ltd., Lu Thai Textile Co. Ltd., Sutlej Textiles and Industries Ltd., Toray Industries Inc., Toyobo Co. Ltd., and Vardhman Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Textile Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive textile market growth during the next five years
  • Precise estimation of the textile market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the textile industry across APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of textile market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Textile, apparel, accessories, and luxury goods

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Natural fibers - Market size and forecast 2020-2025
      • Exhibit 17: Natural fibers - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Natural fibers - Year-over-year growth 2020-2025 (%)
    • 5.4 Polyesters - Market size and forecast 2020-2025
      • Exhibit 19: Polyesters - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Polyesters - Year-over-year growth 2020-2025 (%)
    • 5.5 Nylon - Market size and forecast 2020-2025
      • Exhibit 21: Nylon - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Nylon - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Product
      • Exhibit 25: Market opportunity by Product

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 26: Application - Market share 2020-2025 (%)
    • 6.2 Comparison by Application
      • Exhibit 27: Comparison by Application
    • 6.3 Fashion - Market size and forecast 2020-2025
      • Exhibit 28: Fashion - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 29: Fashion - Year-over-year growth 2020-2025 (%)
    • 6.4 Technical - Market size and forecast 2020-2025
      • Exhibit 30: Technical - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 31: Technical - Year-over-year growth 2020-2025 (%)
    • 6.5 Household - Market size and forecast 2020-2025
      • Exhibit 32: Household - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 33: Household - Year-over-year growth 2020-2025 (%)
    • 6.6 Others - Market size and forecast 2020-2025
      • 6.7 Market opportunity by Application
        • Exhibit 36: Market opportunity by Application

      7 Customer landscape

      • 7.1 Overview
        • Exhibit 37: Customer landscape

      8 Geographic Landscape

      • 8.1 Geographic segmentation
        • Exhibit 38: Market share by geography 2020-2025 (%)
      • 8.2 Geographic comparison
        • Exhibit 39: Geographic comparison
      • 8.3 APAC - Market size and forecast 2020-2025
        • Exhibit 40: APAC - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 41: APAC - Year-over-year growth 2020-2025 (%)
      • 8.4 North America - Market size and forecast 2020-2025
        • Exhibit 42: North America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 43: North America - Year-over-year growth 2020-2025 (%)
      • 8.5 Europe - Market size and forecast 2020-2025
        • Exhibit 44: Europe - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 45: Europe - Year-over-year growth 2020-2025 (%)
      • 8.6 South America - Market size and forecast 2020-2025
        • Exhibit 46: South America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 47: South America - Year-over-year growth 2020-2025 (%)
      • 8.7 MEA - Market size and forecast 2020-2025
        • Exhibit 48: MEA - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 49: MEA - Year-over-year growth 2020-2025 (%)
      • 8.8 Key leading countries
        • Exhibit 50: Key leading countries
      • 8.9 Market opportunity by geography
        • Exhibit 51: Market opportunity by geography ($ billion)

      9 Drivers, Challenges, and Trends

      • 9.1 Market drivers
        • 9.2 Market challenges
          • Exhibit 52: Impact of drivers and challenges
        • 9.3 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • Exhibit 53: Vendor landscape
          • 10.2 Landscape disruption
            • Exhibit 54: Landscape disruption
            • Exhibit 55: Industry risks

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 56: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 57: Market positioning of vendors
          • 11.3 Arvind Ltd.
            • Exhibit 58: Arvind Ltd. - Overview
            • Exhibit 59: Arvind Ltd. - Business segments
            • Exhibit 60: Arvind Ltd. - Key offerings
            • Exhibit 61: Arvind Ltd. - Segment focus
          • 11.4 Asahi Kasei Corp.
            • Exhibit 62: Asahi Kasei Corp. - Overview
            • Exhibit 63: Asahi Kasei Corp. - Business segments
            • Exhibit 64: Asahi Kasei Corp. - Key news
            • Exhibit 65: Asahi Kasei Corp. - Key offerings
            • Exhibit 66: Asahi Kasei Corp. - Segment focus
          • 11.5 Beaulieu International Group NV
            • Exhibit 67: Beaulieu International Group NV - Overview
            • Exhibit 68: Beaulieu International Group NV - Product and service
            • Exhibit 69: Beaulieu International Group NV - Key news
            • Exhibit 70: Beaulieu International Group NV - Key offerings
          • 11.6 Far Eastern New Century Corp.
            • Exhibit 71: Far Eastern New Century Corp. - Overview
            • Exhibit 72: Far Eastern New Century Corp. - Business segments
            • Exhibit 73: Far Eastern New Century Corp. - Key offerings
            • Exhibit 74: Far Eastern New Century Corp. - Segment focus
          • 11.7 Grasim Industries Ltd.
            • Exhibit 75: Grasim Industries Ltd. - Overview
            • Exhibit 76: Grasim Industries Ltd. - Business segments
            • Exhibit 77: Grasim Industries Ltd. - Key news
            • Exhibit 78: Grasim Industries Ltd. - Key offerings
            • Exhibit 79: Grasim Industries Ltd. - Segment focus
          • 11.8 Lu Thai Textile Co. Ltd.
            • Exhibit 80: Lu Thai Textile Co. Ltd. - Overview
            • Exhibit 81: Lu Thai Textile Co. Ltd. - Product and service
            • Exhibit 82: Lu Thai Textile Co. Ltd. - Key offerings
          • 11.9 Sutlej Textiles and Industries Ltd.
            • Exhibit 83: Sutlej Textiles and Industries Ltd. - Overview
            • Exhibit 84: Sutlej Textiles and Industries Ltd. - Business segments
            • Exhibit 85: Sutlej Textiles and Industries Ltd. - Key offerings
            • Exhibit 86: Sutlej Textiles and Industries Ltd. - Segment focus
          • 11.10 Toray Industries Inc.
            • Exhibit 87: Toray Industries Inc. - Overview
            • Exhibit 88: Toray Industries Inc. - Business segments
            • Exhibit 89: Toray Industries Inc. - Key offerings
            • Exhibit 90: Toray Industries Inc. - Segment focus
          • 11.11 Toyobo Co. Ltd.
            • Exhibit 91: Toyobo Co. Ltd. - Overview
            • Exhibit 92: Toyobo Co. Ltd. - Business segments
            • Exhibit 93: Toyobo Co. Ltd. - Key news
            • Exhibit 94: Toyobo Co. Ltd. - Key offerings
            • Exhibit 95: Toyobo Co. Ltd. - Segment focus
          • 11.12 Vardhman Group
            • Exhibit 96: Vardhman Group - Overview
            • Exhibit 97: Vardhman Group - Business segments
            • Exhibit 98: Vardhman Group - Key offerings
            • Exhibit 99: Vardhman Group - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 100: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 101: Research Methodology
              • Exhibit 102: Validation techniques employed for market sizing
              • Exhibit 103: Information sources
            • 12.4 List of abbreviations
              • Exhibit 104: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
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            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
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            The textile market market growth will increase by $$ 549.87 bn during 2022-2025.
            The textile market market is expected to grow at a CAGR of 5.1% during 2022-2025.
            Technavio has segmented the textile market market by product (natural fibers, polyesters, nylon, and others) ,application (fashion, technical, household, and others) , and geography (APAC, North America, Europe, South America, and MEA).
            Arvind Ltd., Asahi Kasei Corp., Beaulieu International Group NV, Far Eastern New Century Corp., Grasim Industries Ltd., Lu Thai Textile Co. Ltd., Sutlej Textiles and Industries Ltd., Toray Industries Inc., Toyobo Co. Ltd., Vardhman Group are a few of the key vendors in the textile market market.
            APAC will register the highest growth rate of 75% among the other regions. Therefore, the textile market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            • China
            • India
            • US
            • Brazil
            • Pakistan
            • Germany
            The key factors driving the textile market market growth are:
            • increasing demand for natural fibers
            • Innovations in textile industry
            The textile market market vendors should focus on grabbing business opportunities from the natural fibers segment as it accounted for the largest market share in the base year.
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