Global Textile Sales Likely To Capture Market Value Of US$1.44...

Global Textile Sales Likely To Capture Market Value Of US$1.44 Trillion By 2032

Posted 2023-03-29 04:33:39

Global sales of textiles are likely to capture a market value of US$995 billion in 2022, and by accumulating a market value of US$ 1,440 billion over the 2022-2032 assessment period , will grow by 3.77 Expected to record a CAGR of % .

This report examines the current trends, growth opportunities, constraints, and market drivers projected to influence the overall dynamics of the textile market insights over the assessment period.

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Textile Market Segmentation

By raw material
- cotton fabric
- silk fabric
- Chemical textile
- wool textile
- Other textiles
by product
- polyester fabric
- nylon fiber
- natural fiber textile
- Other textile products
By use
- Fashion/Apparel Textile
  - Necktie, fashion accessories
  - handbag
  - clothes
  - others
- home textiles
  - upholstery
  - towel
  - bedding
  - kitchen
  - others
- technical textiles
  - shipping
  - medicine
  - construction
  - protection
- Textiles for other uses

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competitive environment

Textile manufacturers focus on acquiring distribution networks and launching digital collections to drive their sales.

In August 2021, Donear Group acquired Mayur Suiting’s distribution network. The company is focused on solidifying its global footprint by expanding its sales portfolio.
In February 2021, Successori REDA SpA and Cerruti worked together to launch a platform named “Collection” through this collaboration. The company provides consumers with an excellent fabric selection experience.

major companies