Learn about the global textile market through The Business Research Company, which provides information on textile market size, textile market drivers and restraints, textile market players, the COVID-19 impact on the textile market, and more.

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The global textile market is expected to grow from $594.1 billion in 2020 to $654.7 billion in 2021 at a compound annual growth rate (CAGR) of 10.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $821.7 billion in 2025 at a CAGR of 6%.

Increasing demand for online shopping is expected to drive the textile manufacturing market.

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The textile market consists of sales of textiles by entities (organizations, sole traders and partnerships) that produce fiber, yarn, threads, carpets, rugs, linens and other textile products.

Global Textile Market Segments Include:

By Type: Other Textile Product Mills, Fabrics, Yarn, Fibre And Thread, Home Furnishings And Floor Coverings, Textile and Fabric Finishing and Fabric Coating Mills

By Material: Cotton, Jute, Silk, Synthetics, Wool

By Process: Woven, Non-woven

Subsegments Covered: Broad woven Fabrics, Narrow Fabric Mills and Schiffli Machine Embroidery, Non-Woven Fabrics, Knitted Fabrics Home Furnishings, Floor Coverings, Textile and Fabric Finishing Mills, Fabric Coating Mills

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global textile market, accounting for 51% of the market in 2020.

Advancements in wireless technologies and rising demand for connectivity is driving the demand for smart textiles. Smart textiles are fabrics capable of interacting with their environment. They have the ability to react to physical stimuli such as thermal, mechanical, electrical and chemical sources. Sensors, actuators and fabrics are the major components of smart textiles. The materials used in smart textiles include optical fibers, metals and conductive polymers. They are widely used in fashion, entertainment, medical, transportation, sports and fitness and military.

TBRC’s textile market report covers:

Major Market Players: Toray Industries Inc; Mohawk Industries; Indorama Corporation Pte Ltd; Beaulieu International Group; Weiqiao Textile Company Limited.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Textile Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides textile market overviews, analyses and forecasts market size, share, textile market players, textile market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s textile market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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