Textile Market Analysis

Raw Material (Cotton, Chemical, Wool, Silk)

Cotton segment is set to account for textile market share of around 40% by 2037 and impacted by its properties such as color retention, absorption, high strength, and many more. Moreover, the increase in home furnishing shopping, smart furniture, and renovation has also increased the market value for the textile sector globally.

Furthermore, according to a report by USDA Foreign Agricultural Services in 2024, worldwide cotton usage increased from 3.5 million to 116.9 million which is the highest in the last 4 years. In addition, consumers also prefer natural fibers such as cotton, wool, silk, and many more credited to their environmental benefits.

In addition, the textile market has undergone technical advancements that have improved the fabric quality, textures, and knitting, to match the aesthetic demand of the consumers globally.

Product (Natural Fibers, Polyester, Nylon)

Natural fibers segment in the textile market is set to grow at a lucrative rate till 2037, owing to its demand in the apparel and fashion industry driven by its qualities such as biodegradability, comfort, breathability, and others, which act as a growth driver for the growing demand for cotton in the textile revenue share.

According to a report in 2022, the apparel industry was expected to increase by 18% of the current prices in 2021. Additionally, nylon is also used in home furnishing on account of its high moisture-absorbing, elastic, and resilience properties which is a better substitute for silk-based products such as flak vests, parachutes, sticking, and many more.

Our in-depth analysis of the global market includes the following segments: