Textile Market Report - Demand, Cost Structures, Latest trends, and Forecasts to
The global textile market size was projected at USD 1000.3 billion in 2020 and is expected to expand
at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028. Increasing demand for
apparel from the fashion industry coupled with the growth of e-commerce platforms is expected to
drive the market over the forecast period.
The U.S. is anticipated to be the largest market in the North American region for textiles. It is one of
the largest producers, raw-cotton exporter, and top raw-textile importer. Fashion is the largest
application segment in the region owing to the fast-changing fashionable trends and ease of adoption
for the same due to increasing online fast fashion companies.
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The recent outbreak of coronavirus disease has acted as a restraint to the market. Global trade
restrictions due to disrupted supply chain and decline in textile product consumption amid imposed
lockdown have further negatively impacted the market. However, the market is expected to recover
strongly during the forecast period with government support and increasing public awareness in
terms of effective precautionary measures.
Key Player Mentioned:
Lu Thai Textile Co., Ltd.
Paramount Textile Limited
Paulo de Oliveira, S.A.
Successori REDA S.p.A.
Shandong Jining Ruyi Woolen Textile Co. Ltd.
Sinopec Yizheng Chemical Fibre Company Limited
China textiles Ltd.
Product Segment Analysis:
Application Segment Analysis:
Fashion & Clothing
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and
There has been an increasing trend of smart textiles in the market that use optical