Textile Fabrics Market size was USD 639.1 billion in 2024 and is estimated to reach USD 1.5 trillion by the end of 2037, expanding at a CAGR of 7.05% during the forecast period, i.e., 2025-2037. In 2025, the industry size of textile fabrics is evaluated at USD 684.03 billion.
The textile fabrics market is expanding mainly due to the fashion industry's constant need for clothing and the explosive rise of e-commerce platforms. According to a 2021 UN Trade & Development (UNCTAD) report, the percentage of total retail sales from online retail sales jumped from 16% to 19% in 2020 due to the sharp expansion in e-commerce under the COVID-19 mobility restrictions. According to the most recent figures, e-commerce revenues increased by 4% worldwide from 2018 to USD 26.7 trillion in 2019.
The fashion and lifestyle sectors are seeing a rise in millennial demand for materials to produce classic, timeless designs as e-commerce gains traction. To meet this demand, online fabric retailers import high-quality textiles from around the globe, driving demand for the textile fabrics market.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
7.05% |
Base Year Market Size (2024) |
USD 639.1 billion |
Forecast Year Market Size (2037) |
USD 1.5 trillion |
Regional Scope |
|
Type (Cotton, Polycottons, Polyester)
Polyester segment is expected to hold over 53.2% textile fabrics market share by the end of 2037. The segment is growing due to the superior qualities of polyester over natural fibers. Polyester is a strong, crease-resistant, quick-drying, and reasonably priced fabric. It is extensively utilized in industrial applications, household furnishings, and clothing. In emerging countries, customers' increasing disposable income and rapid urbanization are growing sales of polyester-based clothing and home furnishings. The United Nations Organization stated that by 2050, it is anticipated that 68% of the world's population will reside in urban regions, up from 55%. These days, polyester fiber is crucial for transforming aging infrastructure into contemporary, sustainable, and efficient spaces. Its ease of installation potential for long-term cost savings and fewer maintenance requirements escalates its demand.
Application (T-shirts, Sportswear, Outdoor Clothing Performance Wear)
The t-shirt segment in textile fabrics market is estimated to garner a notable share in the forecast period. The segment growth can be attributed to the growing global appeal of athleisure and casual clothing. Customers are choosing comfy clothes that are adaptable to various settings. More than eight out of ten people (81%) prioritize comfort over price or fashion. Additionally, consumers can access a large selection of products and designs at reasonable costs due to the growing popularity of print-on-demand services and e-commerce platforms.
Our in-depth analysis of the textile fabrics market includes the following segments:
Type |
|
Application |
|
APAC Market Statistics
Asia Pacific textile fabrics market is projected to hold revenue share of over 43.7% by the end of 2037. The market is majorly expanding in the region due to the growing population, rising disposable incomes, and the increased need for higher-quality textile items. According to the United Nations Population Fund, approximately 4.3 billion people, or 60% of the world's population, live in the region, home to China and India, the two most populous nations on Earth. Furthermore, some of the biggest textile fabric producers in the world, including China, India, and Pakistan, are located in the region.
In India, the government’s proactive initiatives and policies are one of the primary factors propelling textile fabrics market growth. For instance, with an approved expenditure of USD 12.60 billion, the government launched the Production Linked Incentive (PLI) Scheme in 2020 to encourage the nation's production of MMF apparel, MMF fabrics, and technical textile products, allowing the textile industry to grow and become competitive. Moreover, the nation is enhancing its textile manufacturing capabilities through the adoption of e-commerce and ongoing machinery upgrades, which has helped the textile industry grow and become more competitive.
China is the world's largest textile exporter with yearly export earnings of USD 293.6 billion in 2023 and an annual GDP share of 8.7%. The textile sector employs about 8 million people. National marketplaces supply the majority of the raw materials. A significant portion of the manufacturing is for the domestic textile fabrics market, in addition to the export of primarily higher-quality goods. Also, textile companies are increasingly accelerating their digital transformation through advances in artificial intelligence (AI), 5G, and industrial internet. Additionally, the nation is seeing a greater degree of sector consolidation.
North America Market Analysis
North America will hold a significant share of the textile fabrics market in 2037. The growing demand for outdoor clothing and fabric t-shirts significantly supports the market's growth. It is also well known for its apparel, yarns, furniture, textiles, and raw materials.
In the U.S., automation, artificial intelligence (AI), and 3D printing are technological innovations transforming the textile manufacturing sector. These advancements provide higher-quality products, lower production costs, and greater efficiency. AI and automation make the industrial process, accurate and reliable, reducing waste and maximizing resource utilization. Furthermore, customers can easily acquire a wide range of textile products, including home textiles and apparel, through online retailing. Direct-to-consumer sales methods, effective inventory management, and customized shopping experiences are all made possible by the digital transition.
Technical textiles are developing in Canada in a business climate that is bolstered by scholarly research and solid industry expertise, which is favorable to the sector's continued expansion. Due to developments in the global textile industry, textiles are now more competitive with other materials, such as metals, wood, and plastics, for uses that have historically been reserved for these other materials.
The textile fabrics market has been driven to create new, innovative items due to shifting consumer preferences and the need for new products. The industry is growing due to strategies such as global expansions, mergers, acquisitions, and strategic collaborations. Several government trade partnerships with online retailers such as Amazon, Flipkart, and others have helped them increase their sales.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?