As per the current market research conducted by the CMI Team, the global Home Textile Market size is expected to record a CAGR of 5.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 165,310.6 Million. By 2033, the valuation is anticipated to reach USD 274,581.8 Million.

Home Textile Market: Growth Factors and Dynamics

• Increasing Home Ownership and Renovation Activities: Growth in the home textile market is fueled by rising home ownership rates globally, coupled with an increase in renovation and redecoration activities. As consumers invest in their living spaces, there’s a heightened demand for new and stylish home textile products to enhance comfort and aesthetics.

• E-commerce Penetration: The proliferation of e-commerce platforms has significantly contributed to the expansion of the home textile market. Online retail offers consumers convenience, a wide product assortment, and competitive pricing. With the ease of browsing and purchasing online, consumers are more inclined to explore and buy home textile products, thereby driving market growth.

• Focus on Sustainability and Eco-friendly Materials: Growing awareness of environmental issues and sustainability has led to a shift in consumer preferences towards eco-friendly home textile products. Manufacturers are increasingly using organic and sustainable materials in their product lines, such as organic cotton, bamboo, and recycled fibers. This focus on sustainability not only appeals to environmentally conscious consumers but also drives innovation and market growth.

• Innovations in Textile Technology: Advances in textile technology have led to the development of innovative products with enhanced features and functionalities. These include moisture-wicking bedding, stain-resistant fabrics, antimicrobial textiles, and smart home textiles embedded with sensors for temperature regulation and sleep monitoring. Such innovations cater to evolving consumer needs for comfort, convenience, and wellness, driving market growth.

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Home Textile Market: Partnership and Acquisitions

• In 2022, Milan-based textile firm Gruppo Piacenza SpA has acquired Arte Tessile Snc, a specialist in patternmaking for jacquard and raschel textiles. These textiles find extensive use in the production of net curtains, table covers, and outerwear garments, expanding Gruppo Piacenza’s product portfolio and capabilities.

• In 2022, Indo Count Industries Limited, a prominent manufacturer and exporter of Home Textiles, acquired the Home Textile business of GHCL Ltd. at Bhilad (Vapi), Gujarat. This strategic move reinforces Indo Count’s customer-centric approach, enhancing flexibility, and elevating service standards.

• In 2021, Himatsingka Seide significantly expanded its sheet towel production by 60% and overall production by 80%, increasing sheet capacity from 61 million meters per year to 108 million meters and towel capacity from 25,000 to 40,000 tons.

Home Textile Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Home Textile Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Supply Chain Disruptions: The home textile industry experienced significant disruptions in its supply chain during the COVID-19 pandemic. Factory closures, transportation restrictions, and logistical challenges disrupted the production and distribution of home textile products, leading to delays in delivery and fulfilment.

• Shift in Consumer Spending Patterns: The economic uncertainty caused by the pandemic led to changes in consumer spending habits. With lockdowns and restrictions in place, consumers prioritized essential purchases over discretionary spending, impacting the demand for non-essential items like home textiles.

List of the prominent players in the Home Textile Market:

• Welspun India Ltd.
• Springs Global
• American Textile Company
• Trident Group
• Indo Count Industries Ltd.
• Mohawk Industries
• Sunvim Group Co. Ltd.
• Loftex Industries
• Shenzhen Fuanna Bedding and Furnishing Co. Ltd.
• Shaw Industries
• Himatsingka Seide Ltd.
• Evezary Home
• WestPoint Home
• Raymond Home
• Venus Group
• Others

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