Textile Market Size Expected to Reach USD 4,016.50 Billion by 2034 Driven by Innovation in Clothing and Technical Textiles
The global textile market size is expected to reach around USD 4,016.50 billion by 2034, growing at a CAGR of 7.35% from 2025 to 2034. This growth is fueled by the rapid rise of online shopping, evolving fashion trends, and increasing demand for clothing, home textiles, and technical fabrics. Sustainability, eco-friendly fibers, and digital manufacturing technologies are further shaping the industry’s future.
Ottawa, Aug. 22, 2025 (GLOBE NEWSWIRE) -- According to Precedence Research, the global textile market surpassed USD 1,976.84 billion in 2024 and is predicted to grow from USD 2,123.72 billion in 2025 to approximately USD 4,016.50 billion by 2034. In terms of CAGR, the market is projected to grow at a solid compound annual growth rate (CAGR) of 7.35% from 2025 to 2034.
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Textile Market Overview
Textile is a fabric material made up of filaments, fibers, and yarns. The processes used for the creation of textiles are felting, weaving, and knitting. Textile is made up of synthetic fibers and natural fibers. The synthetic fibers include polyester, rayon fiber, acrylic, & nylon, whereas the natural fibers include silk, cotton, & wool.
Textile is widely used in bedding, upholstery, clothing, carpets, geotextiles, nets, furnishings, towels, and many more. Textile offers comfort, warmth, and protection in various industries. Textile is widely used in industries like automotive, healthcare, aerospace, apparel, construction, and other industrial activities.
Textile Market Insights:
- Asia Pacific dominated the textile market with the largest market share of 54% in 2024, supported by its strong manufacturing base, low labor costs, and abundant raw materials.
- By raw material, the cotton segment led the market in 2024, driven by its comfort, breathability, and strong demand in clothing and home textiles.
- By product, the natural fibers segment dominated in 2024, with rising adoption due to biodegradability, comfort, and versatility across applications.
- By application, the fashion & clothing segment held the largest market share in 2024, supported by booming e-commerce, evolving fashion trends, and demand for designer apparel.
Global Textile Market Size and Forecast
- 2024 Market Size: USD 1,976.84 Billion
- 2025 Market Size: USD 2,123.72 Billion
- 2030 Market Size: USD 3,038.96 Billion
- 2032 Market Size: USD 3,507.33 Billion
- 2034 Projected Market Size: USD 4,016.50 Billion
- CAGR (2025–2034): 7.35%
Regional Textile Market Size and Forecast
Market Size in 2024
- Asia Pacific: USD 1,067.49 Billion
- North America: USD 434.90 Billion
- Europe: USD 375.60 Billion
- LAMEA: USD 98.84 Billion
Market Size in 2025
- Asia Pacific: USD 1,146.81 Billion
- North America: USD 467.22 Billion
- Europe: USD 403.51 Billion
- LAMEA: USD 106.19 Billion
Market Size by 2034
- Asia Pacific: USD 2,188.99 Billion
- North America: USD 873.94 Billion
- Europe: USD 754.70 Billion
- LAMEA: USD 198.87 Billion
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Major Global Trends in the Textile Market
-
Sustainability & Circular Economy
- Growing use of eco-friendly fibers like organic cotton, bamboo, hemp, and recycled textiles
- Increased adoption of textile recycling, upcycling, and closed-loop production systems
- Brands and manufacturers focusing on reducing carbon footprint and water usage
-
Digitalization & Smart Manufacturing
- Rise in automation, artificial intelligence (AI), internet of things (IoT), and smart factory setups for higher efficiency and precision
- Digital textile printing enabling fast, low-waste, and customized production
- Integration of virtual prototyping and 3D design tools for product development
-
Technical, Functional & Smart Textiles
- High demand for performance fabrics with antimicrobial, UV-resistant, flame-retardant, or moisture-wicking properties
- Smart textiles integrating sensors and electronics for use in sportswear, healthcare, and wearables
- Development of adaptive textiles that respond to temperature, moisture, or movement
-
Personalization & On-Demand Production
- Growth in custom-made and made-to-order textile products
- Direct-to-consumer (DTC) models gaining popularity
What is the Detail Textile Manufacturing Process?
| Process | Description (Detail Process) |
| Fiber Selection & Preparation |
|
| Yarn Production |
|
| Fabric Formation |
|
| Finishing |
|
| Garment Manufacturing |
|
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Textile Market Opportunity:
Growing Demand for Home Textiles Unlocks Market Opportunity
The rapid urbanization and growing residential construction activities increase demand for various home textiles. The strong focus on home decor and increasing disposable incomes increases spending on premium home textiles. The increasing home renovation activities and growing investment in furnishing increase the adoption of home textiles. The increasing demand for bedding products like pillowcases, blankets, sheets, and bedspreads is leading adoption of textiles.
The growing use of curtains, rugs, table linens, drapes, carpets, and bathroom accessories increases demand for textiles. The growing demand for home textiles in residential areas like bathrooms, dining rooms, bedrooms, kitchens, and living rooms helps the market. The rise in online shopping and consumer focus on comfort increases demand for home textiles. The growing demand for home textiles creates an opportunity for the growth of the home textiles market.
Limitations and Challenges in the Textile Market
Raw Material Price Fluctuations Limit the Expansion of the Textile Market
Despite several benefits of the textiles in various industries, the raw material price fluctuations restrict the growth of the market. Factors like market demand, weather conditions, and geopolitical events are responsible for fluctuations in the prices of raw materials. Supply chain disruptions due to factors like transportation disruptions, factory shutdowns, and natural disasters increase the raw materials costs.
The weather patterns, like high temperatures, droughts, and floods, impact cotton yields, which directly affect the market. The fluctuations in the prices of oil directly increase the cost of polyester. Factors like trade wars and political instability increase the cost of raw materials. The raw material price fluctuations hamper the growth of the textile market.
Textile Market Report Coverage
| Report Attributes | Key Statistics |
| Growth Rate 2025 to 2034 | CAGR of 7.35% |
| Market Size in 2024 | USD 1,976.84 Billion |
| Market Size in 2025 | USD 2,123.72 Billion |
| Market Size by 2034 | USD 4,016.50 Billion |
| Leading Region in 2024 | Asia Pacific |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Raw-material, Product, Application, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players Covered | BSL Limited, INVISTA S.R.L., Lu Thai Textile Co., Ltd., Heytex Bramsche GmbH, B.D. Textile Mills Pvt. Ltd., DBL Group, IBENA Inc., Levis, Lakhmi Woollen Mills, Wilh. Wülfing GmbH & Co. KG, Wuxi Xiexin Group Co., Ltd., O'Formula Co., Ltd., The Bombay Dyeing & Mfg. Co., Ltd, Adidas AG, Mayur Fabrics, Huafu Top Dyed Melange Yarn Co., Ltd., Nike Inc, and Others. |
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Textile Market Key Regional Analysis:
How Asia Pacific Dominated the Textile Market?
Asia Pacific dominated the textile market in 2024. The well-established textile manufacturing base and lower labor costs for textile production help the market growth. The growing apparel production and ongoing technological advancements like automation & digital printing increase the demand for textiles.
The growth in the population and increasing spending on textiles help the market growth. The presence of abundant raw materials, like natural fibers, increases the production of textiles. The growing demand for technical textiles in industries like healthcare and automotive drives the overall growth of the market.
What is the Market Size of Asia Pacific Textile Market?
The Asia Pacific textile market size reached USD 1,067.49 billion in 2024 and is expected to exceed USD 2,188.99 billion by 2034. The market is projected to grow at a CAGR of 7.45% from 2025 to 2034.
India Textile Market Trends:
India's textile industry is undergoing a strategic transformation, driven by rapid modernization, government support, and a shift toward man-made fibers (MMF). Over 95% of recent sector growth is attributed to MMFs, with regions like Tiruppur leading synthetic fiber production. The government has rolled out initiatives like the PM Mitra textile parks and temporary removal of import duties on cotton to boost competitiveness and stabilize raw material supply.
Why is North America Experiencing the Fastest Growth in the Textile Market?
North America is experiencing the fastest growth in the market during the forecast period. The increasing purchasing of various textile products like curtains and bedding helps the market growth. The growing industries like healthcare, aerospace, and automotive increase demand for technical textiles.
The ongoing technological advancements, like digital manufacturing and increasing consumer demand for eco-friendly products, are increasing the production of textiles. The rapid expansion of e-commerce and the growing demand for home textiles like upholstery, curtains, and bed linens support the overall growth of the market.
U.S. Textile Market Trends:
U.S. textile market is experiencing a revival centered on innovation, reshoring, and sustainability. Companies are increasingly bringing production back to North America to reduce dependence on overseas suppliers, enhance agility, and meet consumer demands for ethical sourcing. Advanced textiles, such as smart fabrics, antimicrobial materials, and recycled performance wear are key growth drivers, supported by public-private R&D investments. U.S. brands are also prioritizing digital supply chain transparency and traceability using blockchain and RFID.
Textile Market Segmentation Analysis
Raw-material Analysis
The cotton segment dominated the textile market in 2024. The strong focus on breathability and natural comfort in clothing increases the demand for cotton. The high cultivation of cotton in the world and its cost-effectiveness help the market growth. The growing population and strong government support for the production of cotton increase the production of cotton. The growing demand for cotton in home textiles like upholstery, bedding, and bath linens drives the overall growth of the market.
The wool segment is the fastest-growing in the market during the forecast period. The increasing awareness about environmental concerns and the growing demand for renewable materials increase the adoption of wool. The focus on lowering the carbon footprint and growing textile industry increases the demand for wool. The emerging fashion trends and increasing spending on clothing increase the demand for wool. The growing demand for wool in applications like home textiles, clothing, and carpets supports the overall growth of the market.
Product Analysis
The natural fibers segment held the largest share in the textile market in 2024. The ease of processing and comfort increase the adoption of natural fibers. The growing demand for biodegradable fibers and the increasing variety of textile production increase demand for natural fibers. The growth in industrial applications like geotextiles and ropes increases the adoption of natural fibers. The advancements in natural fiber technology and the growing demand for natural fibers like linen, hemp, cotton, jute, & wool in various industries support the overall growth of the market.
The polyester segment is experiencing the fastest growth in the market during the forecast period. The growing production of formal wear, sportswear, and casual wear increases the demand for polyester. The affordability and properties like high resistance to shrinking, wrinkles, and stretching increase the adoption of polyester. The ease of maintenance and easily available raw materials increase the production of polyester. The growing demand for polyester in applications like home textiles, technical textiles, and value retail drives the overall growth of the market.
Application Analysis
The fashion & clothing segment dominated the textile market in 2024. The growing demand for casual and formal wear increases the demand for textiles. The growing fashion trends and increased purchase of clothing increase demand for textiles. The rapid growth in e-commerce and increasing demand for designer apparel increases the adoption of textiles. The growing expansion of e-commerce and innovations in fabrics increases the purchasing of clothing, driving the overall growth of the market.
The technical segment is the fastest-growing in the market during the forecast period. The growing demand for drug delivery systems, PPE, and wound care in the healthcare sector increases the adoption of technical textiles. The growing automotive manufacturing, like safety components, car parts, and airbags, increases demand for technical textiles. The growing demand for non-wovens, builtech textiles, and geotextiles in construction activities increases the adoption of technical textiles. The growing adoption of technical textiles like films & nets in the agriculture sector supports the overall growth of the market.
Textile Market Leading Companies
- BSL Limited
- INVISTA S.R.L.
- Lu Thai Textile Co., Ltd.
- Heytex Bramsche GmbH
- B.D. Textile Mills Pvt. Ltd.
- DBL Group
- IBENA Inc.
- Levis
- Lakhmi Woollen Mills
- Wilh. Wülfing GmbH & Co. KG
- Wuxi Xiexin Group Co., Ltd.
- O'Formula Co., Ltd.
- The Bombay Dyeing & Mfg. Co., Ltd
- Adidas AG
- Mayur Fabrics
- Huafu Top Dyed Melange Yarn Co., Ltd.
- Nike Inc
Recent Developments:
- In January 2025, Alok Ind launched innovative bed & bath linen products at Heimtextil. The collection offers quality, durability, & comfort, and the company supports sustainability & innovation. The collection range includes Dark Romance bed & bath linen, Leap Bedding, and Sumptuous Living Towels.
(Source: https://www.fibre2fashion.com)
- In January 2025, BIS launched a specialized textile testing laboratory in Hyderabad. The facility supports the textile industry's growth and helps manufacturers to enhance product quality.
(Source: https://www.deccanchronicle.com)
- In November 2024, Agora collaborated with Silver State Fabrics to launch the Gazpacho fabric collection. The collection includes natural color shades like grays, whites, creams, and blacks. The fabric offers a variety of textures, and the fabric is 100% solution-dyed acrylic.
(Source: https://www.textileworld.com/)
Textile Market Segments Covered in the Report
By Raw-material
- Cotton
- Chemical
- Wool
- Silk
- Others
By Product
- Natural Fibers
- Polyesters
- Nylon
- Others
By Application
- Household
- Bedding
- Kitchen
- Upholstery
- Towel
- Others
- Technical
- Construction
- Transport
- Medical
- Protective
- Fashion & Clothing
- Apparel
- Ties & Clothing Accessories
- Handbags
- Others
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- Denmark
- Norway
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Kuwait
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