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Textile Market Growth From $702.97 Billion In 2026 To $919.08 Billion By 2030 At A CAGR Of 6.9%
The textile market has experienced substantial growth in its size over recent years. Its projected growth trajectory indicates an increase from $660.13 billion in 2025 to $702.97 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.5%. Historically, this expansion can be linked to several factors, including the global increase in apparel production, a rise in household textile consumption, a wider array of raw fiber sources, an uptick in demand for home furnishings, and the establishment of large-scale textile mills.
The textile market is projected to experience robust expansion over the coming years. It is forecast to reach a size of $919.08 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this growth during the forecast period include a rising demand for environmentally friendly clothing, the broadening use of technical textiles in industrial settings, increased investments in intelligent textile production, a heightened emphasis on the circular textile economy, and the greater adoption of digital manufacturing techniques. Key trends anticipated for this period encompass the increasing embrace of sustainable and organic fibers, a growing need for technical and performance textiles, the widening scope of digital textile printing, a greater utilization of recycled and bio-based substances, and an intensified focus on tracking the textile supply chain.
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Textile Market Growth Backed By Core Demand Fundamentals
The increasing prevalence of online retail is anticipated to stimulate the expansion of the textile sector in the future. This phenomenon involves consumers acquiring clothing, textiles, and related items via internet platforms rather than conventional brick-and-mortar establishments. The surge in online purchasing primarily stems from broader internet accessibility, empowering more individuals to conveniently explore, compare, and acquire goods from any location. The growing embrace of online commerce aids the textile industry by boosting the need for a diverse range of materials and ready-to-wear apparel, allowing producers and vendors to access a wider clientele, display varied assortments, and swiftly adapt to evolving fashion dynamics. As an illustration, data released in February 2024 by the U.S. Census Bureau, a US-based government entity, indicated that total e-commerce sales for 2023 reached an estimated $1, 118.7 billion, marking a 7.6 percent (±1.2%) rise compared to 2022. Consequently, the growing propensity for online shopping is a key factor fueling the textile market’s progression.
Textile Market Segment Landscape: Which Areas Lead Development?
The textile market covered in this report is segmented –
1) By Type: Fabrics, Yarn, Fiber And Thread, Home Furnishings And Floor Coverings, Textile And Fabric Finishing And Fabric Coating Mills, Other Textile Product Mills
2) By Material: Cotton, Jute, Silk, Synthetics, Wool
3) By Process: Woven, Non-Woven
Subsegments:
1) By Fabrics: Woven Fabrics, Knitted Fabrics, Non-Woven Fabrics
2) By Yarn: Spun Yarns, Filament Yarns, Specialty Yarns
3) By Fiber And Thread: Natural Fibers, Synthetic Fibers, Threads For Sewing And Embroidery
4) By Home Furnishings And Floor Coverings: Upholstery Fabrics, Curtains And Draperies, Rugs And Carpets
5) By Textile And Fabric Finishing And Fabric Coating Mills: Dyeing And Printing Services, Fabric Finishing Processes, Coating For Performance Textiles
6) By Other Textile Product Mills: Technical Textiles, Non-Apparel Textiles
Textile Market Growth Trends Reshaping The Competitive Landscape
Leading companies in the textile market are increasingly prioritizing the development of innovative solutions, such as artificial intelligence (AI)-powered platforms, to significantly improve production efficiency and elevate product quality. These AI-powered platforms designed for textile manufacturing play a crucial role in optimizing various production processes, reducing material waste, and enabling automated quality inspection for fabrics. For instance, in October 2024, Lectra, a technology company based in France, introduced Valia Fashion. Lectra’s Valia Fashion platform distinguishes itself by smoothly connecting, automating, and streamlining every stage of apparel production, from the initial order processing to the final fabric cutting. It works to optimize material usage and facilitate the digital transformation of fashion companies, thereby assisting their transition towards Industry 4.0. By removing obstacles between industrialization and production processes, Valia Fashion is revolutionizing the fashion ecosystem, allowing brands, manufacturers, and subcontractors to more effectively address their evolving needs.
Textile Market Industry Leaders And Competitive Landscape
Major companies operating in the textile market are Toray Industries Inc., Mohawk Industries Inc., Far Eastern New Century, Tex Tech Industries, Beaulieu International Group, Santana Textiles LLC, Yarnz, Australian Textile Mills ATM, Bruck Textiles, Spunchem International, Mattex Yarns, Arvind Ltd., Bombay Rayon Fashions Limited, Luthai Textile, Huafu, Siltex Brasil Ltda, Jiangsu Sunshine Co Ltd., Huafang Group Co Ltd., Shangtex Holding Co Ltd., Shijiazhuang Changshan Textile Co Ltd., Lenzing, Coats, Ugurteks, Ardalanish Mill, European Spinning Group, AMANN Group, Simba Textile Mills Pty Ltd., Shandong Jining Ruyi Woolen Textile Co Ltd., Fabreex, United Textiles, Domarex SC, Santista Argentina SA, Unifi Inc., Vardhman Textiles, Dunmore Corp, Fabrico, The Yarn Room, Bally Ribbon Mills, Paramount Texteis, Pettenati Industria Textil SA, National Spinning Co, Hyosung TNC, Fabricato SA, Reliance Industries Limited, Saudi Spinning & Textile Mill, Fiacao Sao Bento SA, Town End Alpacas, Como Luxury Fabrics, Textil Sao Joao, Weiqiao Textile Company Limited, Aratex Group, Shandong Demian Incorporated Company, Fibertex South Africa, Elasticos Yarns, Trelleborg Engineered Coated Fabrics, AlSaraTex Co., Integrated Fibres Limited
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Textile Market Regional Analysis And Top Geography
Asia-Pacific was the largest region in the textile market in 2025. Western Europe was the second largest region in the textile market. The regions covered in the textile market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
