Textile Industry Data Book Covers Household Textile, Technical Textile and Fashion Textile Markets.
The economic value generated by thetextile industrywas estimated at approximately USD 1.7 trillion in 2022.
Textile Market Growth Trends
The global textile market size is anticipated to reach USD 1,420.3 billion by 2030, registering a CAGR of 4.0% over the forecast period, 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.
Access the Global Textile Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Technical Textile Market Growth Trends
The global technical textile market size is estimated to reach USD 272.3 billion by 2030, according to a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 4.7% from 2022 to 2030. The technical textile product exhibits exceptional strength, durability, and superior performance, which makes them fit for several industrial applications.
Increasing concern towards agriculture and attaining high crop yield is one of the major factors fueling the growth of agro textile in the market. Several nets manufactured under agro textile including plant nets, bird protection nets, monofil nets, root ball nets, and various others are extensively used for passive protection of agricultural seeds, crops, or fruits against any external damage.
Increasing technological advancements coupled with the rising demand for high-performance and energy-efficient fabric are acting as a propelling growth factor in the market. In addition, stringent government policies regarding the use of effective personal protective equipment have driven the market growth on a positive note.
Order your copy of the Free Sampleof Textile Industry Data Book - Household Textile, Technical Textile and Fashion Textile Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030 Data Book, published by Grand View Research
Competitive Landscape
Key players operating in the textile industry are
- 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.
- China Textile (Shenzhen) Co. Ltd
- Modern Woollens Ltd.
- JCT Limited
- Shandong Demian Incorporated Company
- Shijiazhuang Changshan Textile Co., Ltd
- Weiqiao Textile Co Ltd
- DBL Group
- B.D. Textile Mills Pvt. Ltd.
- IBENA Inc
- Heytex Bramsche GmbH
- Bahariye AS
Grand View Researchs textile industry databook is a collection of market sizing information forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.
Go through thetable of content of Textile Industry Data Bookto get a better understanding of the Coverage Scope of the study
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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