Textile Fabrics Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The textile fabric market is projected to grow at a CAGR of 7.6 per cent over the forecast period. The growth rate is expected to be comparatively high over the forecast period. The rising demand for sustainable and environment-friendly textiles, combined with the growing demand for high-quality fabrics, is driving this growth. The expansion of the fashion and apparel industry, as well as the growing use of textile fabrics in the automotive, healthcare and home furnishing industries, is also driving the growth of the market. The development of smart textiles and the use of sustainable materials is also playing an important role in shaping the market. Leading companies like Lenzing AG, which is a leader in sustainable fibres, and DuPont, which is known for its fabric innovation, are investing in strategic collaborations and research and development. These efforts not only enhance the quality of the products, but also align with the rising demand for sustainable and smart textiles.

Regional Market Size

Regional Deep Dive

The market for textile fabrics is characterised by a wide range of dynamics across different geographical regions, influenced by cultural preferences, economic conditions and technological developments. In North America, for example, the market is driven by a strong demand for sustainable and innovative textile solutions, while in Europe the focus is on the quality of the fabrics and the sustainable production methods. The Asia-Pacific region, with its huge production capacities, is experiencing strong growth due to the growing demand for cheap textiles. The Middle East and Africa focus on local production and unique textile designs, while Latin America is taking advantage of its cultural heritage to promote its textile offerings. The textile fabrics market is expected to continue to grow, as consumers’ preferences for sustainable and innovative products are set to continue.

Europe

• The European Union, with its stringent regulations on waste and the environment, has also made it necessary to adopt circular economy practices.
• The fusion of fashion and technology in Europe is becoming more and more common. Brands like Adidas and Parley for the Oceans have teamed up to make clothing with enhanced functionality and aesthetics.

Asia Pacific

• China remains a dominant player in textile manufacturing, but there is a notable shift towards Vietnam and Bangladesh as brands seek to diversify their supply chains and reduce dependency on a single market.
• The growing middle class in countries like India and Indonesia is driving demand for a variety of textile products, leading to increased investment in local textile production and innovation.

Latin America

• Latin American countries are increasingly emphasizing the use of local materials and traditional techniques, with brands like Osklen in Brazil showcasing the region's rich cultural heritage through their textile designs.
• The region is also seeing a rise in sustainable practices, with initiatives aimed at reducing the environmental impact of textile production, supported by organizations like the Latin American Fashion Summit.

North America

• The rise of sustainable fashion has led to increased demand for eco-friendly textile fabrics, with companies like Patagonia and Eileen Fisher leading the charge in using recycled materials and organic fibers.
• Technological innovations, such as digital printing and smart textiles, are gaining traction, with firms like DuPont and 3M investing in research and development to create high-performance fabrics that cater to both fashion and functional needs.

Middle East And Africa

• The Middle East is witnessing a resurgence in traditional textile crafts, with initiatives like the Dubai Design Week promoting local artisans and their unique fabric creations.
• Government programs in countries like Egypt are focusing on revitalizing the textile industry through modernization and investment in technology, aiming to boost exports and create jobs.

Did You Know?

“Did you know that the global textile industry is responsible for about 10% of annual global carbon emissions, making sustainable practices in textile production more crucial than ever?” — United Nations Environment Programme

Segmental Market Size

The market for textile fabrics is experiencing a steady rise, driven by the increasing demand for sustainable and new materials from consumers. Awareness of the environment is also a major factor, resulting in a shift towards eco-friendly fabrics. Moreover, the technological development of fabrics is a key driver of the market. Brands such as Patagonia and Adidas are leading the way in the use of recycled materials, which are popular with consumers who are concerned about the environment. The use of sustainable fabrics is currently in its initial stages of development, with Europe and North America leading the way. The European Union’s strict regulations on textile waste are a good example of this. This market is divided into fashion, home textiles and industrial applications. H&M, for example, has introduced organic cotton and recycled polyester into its range. The pandemic influenza sparked a greater focus on health and hygiene, which has further increased the demand for antimicrobial and durable fabrics. Meanwhile, digital printing and smart textiles are also driving the market. These offer consumers the opportunity to personalise and enhance the functionality of fabrics.

Future Outlook

The Textiles Fabrics Market is expected to grow at a CAGR of 7.03% between 2024 and 2032, with a projected increase from $638.2 billion to $1,079.2 billion. This growth is due to the rising demand for sustainable and innovative textiles, as well as the increasing penetration of advanced technologies such as smart textiles and digital printing. By 2032, it is expected that the market share of sustainable fabrics will exceed 31%, driven by the increase in the awareness of the environment and the implementation of government regulations promoting eco-friendly practices in the textile industry. Artificial intelligence will be used in the design and production of fabrics, which will increase their efficiency and customization capabilities. In addition, the growing popularity of athleisure and practical clothes will increase the demand for high-tech fabrics. The growth of the market will be mainly due to the growth of emerging economies in Asia-Pacific and Latin America, where the increase in the population and the rise in income will increase the demand for textiles. The textiles market will be shaped by innovation, the environment and changing consumer preferences.