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 2023-04-07 05:45:23

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 % .

In this report, market drivers, growth opportunities, constraints, and current trends are examined with an eye toward how they will affect the overall dynamics of the textile market over the assessment period.

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Rising Demand for Textile

The demand for textile is rising due to a number of factors. Firstly, the increasing population and the growing middle class in many countries are driving up demand for clothing and other textile products. Secondly, the rise of e-commerce has made it easier for consumers to purchase clothing and other textile items online, leading to an increase in demand. Thirdly, the trend towards sustainable fashion is also driving up demand for more eco-friendly textiles such as organic cotton and bamboo fabrics. Finally, technological advances have enabled manufacturers to produce more efficient and cost-effective textiles, making them more accessible to consumers.

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 enhancing 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