Textile Market Share

APAC Market Statistics

Asia Pacific industry is set to hold largest revenue share of 52% by 2037. The landscape's substantial growth in the region is expected due to the surge in population which required a huge amount of clothing, e-commerce apparel, and several related accessories in this developing economy. According to a report in 2024, Asia's population growth rate is the 4^th highest with a rate of about 0.66% in 2024.

Attributed to the growth in the fashion sector in Japan, the demand for clothing is also increasing. According to a report by UNIQLO in 2024, store sales increased by more than 18% which includes online sales year on year.

In China there is an easy availability of silk yarn and raw silk as China is the largest producer in the world. According to a report in 2023, China produced about 70% of raw silk and silkworm cocoons globally.

North America Market Analysis

The North American region will also encounter a huge influence on the textile market share during the forecast period will account for the second position attributed to the increasing population of this region. According to the UN-Habitat, it is predicted that the urban population in APAC is projected to increase by 50% by 2050.

The growing export of clothing and textiles in the United States is expected to boost the landscape in this region. According to a report in 2022, the export of apparel and textiles in the U.S. increases by 13% every year.

In Cananda, there has been an increase in the construction sector in the residential, commercial, and manufacturing industries. According to a report in 2024, the industrial space in Canada increased t0 4.3% in 2023, which is about 16 million sq. ft of new space.