Global Textile Fabric Market, By Fabric Type (Cotton, Polycottons and Polyester), Application (T-shirts, Sportwear, Outdoor Clothing and Performance Wear) – Industry Trends and Forecast to 2029
Market Analysis and Size
Textile fabric is being utilized in weaving fabrics, narrow fabrics and felts, and finish and fabricate fabric products. These fabrics are widely being deployed for manufacturing home furnishings products and apparels.
Global Textile Fabric Market was valued at USD 993.80 million in 2021 and is expected to reach USD 1872.41 million by 2029, registering a CAGR of 12.90% during the forecast period of 2022-2029. Cotton accounts for the most prominent end user segment in the respective market owing to its superior property. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Textile is an adaptable material that is created by utilizing various methods, involving knitting, weaving, crocheting, or felting. These materials are widely utilized to manufacture a broad variety of polished goods, such as upholstery, kitchen, transportation, bedding, construction, medical, protective equipment, apparel, handbags, and clothing accessories.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014- 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Fabric Type (Cotton, Polycottons and Polyester), Application (T-shirts, Sportwear, Outdoor Clothing and Performance Wear)
U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, and Rest of Middle East and Africa (MEA).
Market Players Covered
Lu Thai Textile Co., Limited (China), REDA GROUP (France), Paramount textiles (India), Paulo de Oliveira, SA (Portugal), Nike, Inc. (US), Adidas AG (Germany), Aditya Birla Management Corporation Pvt. Ltd. (India), Levi Strauss & Co. (US), Arvind Limited (India), Bombay Rayon Fashions Limited (India), Fabindia (India), Cotton Corporation of India (India), Dorothy Perkins (UK), Bruno Banani (Germany), CONE DENIM LLC (US), Canterbury Antex Knitting Mills (US), Coville (US), Loyal Textile (India), Reliance Industries Limited (India), YI CHUN TEXTILE LTD (Taiwan), Shahlon Group (India), Weiqiao Textile Company Limited (China), China Textiles (Shenzhen) Co.,Ltd (China), and HuaFang Group (China), among others
Textile Fabric Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- High Use in Apparel
The enormous increase in the necessity for apparel, particularly in the growth-centric nations acts as one of the major factors driving the growth of textile fabric market. Quick development and increase in the disposable income has a positive impact on the market.
- Penetration of Social Media
The increase in experience to social media and the growing acceptance of e-commerce, influencers, and the social media business accelerate the market growth. The increase in technological advancement in new upholstery products resulting from coated fabrics accelerate the market.
- Use of Various Industrial Textile Applications
The increase in the use of textile fabric in several processes, such as knitting, crocheting, weaving, and others, are largely used to manufacture a wide range of finished and semi-finished goods in bedding, clothing, apparel, medical, and other accessories assist in the expansion of the market.
Additionally, surge in investments, expansion of oil and gas sector, and advancements in the chemical industry positively affect the textile fabric market.
Furthermore, increase in the requirement for lightweight and multifunctional fabric in the sportswear extend profitable opportunities to the market players 2022 to 2029. Also, research and development activities to enhance the product will further expand the market.
Restraints/Challenges faced by the Textile Fabric Market
On the other hand, variations in the cost of the cotton and the current import-export scenario of trading countries are expected to obstruct the market. Also, fluctuation in the cost and availability of raw material is projected to challenge the textile fabric market in the forecast period of 2022-2029.
This textile fabric market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the textile fabric market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 had a minimal Impact on Textile Fabric Market
COVID-19 had a negative impact on various industries including textile fabric market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The n textile fabric industry faced huge problems due to the shortage of laborers declining the low production. A decline in the demand for textile fabric was witnessed owing to the limited production and shut down of industries. However, the textile fabric market is expected to witness growth in demand after the post-covid-19 situation.
Global Textile Fabric Market Scope
The textile fabric market is segmented on the basis of fabric type, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Outdoor Clothing
- Performance Wear
Textile Fabric Market Regional Analysis/Insights
The textile fabric market is analysed and market size insights and trends are provided by country, fabric type, and application as referenced above.
The countries covered in the textile fabric market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the textile fabric market because of the favorable government policies and trade agreements within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing need for fabric t-shirts and outdoor clothing in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Textile Fabric Market Share Analysis
The textile fabric market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to textile fabric market.
Some of the major players operating in the textile fabric market are
- Lu Thai Textile Co., Limited (China)
- REDA GROUP (France)
- Paramount textiles (India)
- Paulo de Oliveira, SA (Portugal)
- Nike, Inc. (US)
- Adidas AG (Germany)
- Aditya Birla Management Corporation Pvt. Ltd. (India)
- Levi Strauss & Co. (US)
- Arvind Limited (India)
- Bombay Rayon Fashions Limited (India)
- Fabindia (India)
- Cotton Corporation of India (India)
- Dorothy Perkins (UK)
- Bruno Banani (Germany)
- CONE DENIM LLC (US)
- Canterbury Antex Knitting Mills (US)
- Coville (US)
- Loyal Textile (India)
- Reliance Industries Limited (India)
- YI CHUN TEXTILE LTD (Taiwan)
- Shahlon Group (India)
- Weiqiao Textile Company Limited (China)
- China Textiles (Shenzhen) Co.,Ltd (China)
- HuaFang Group (China)