Global Textile and Apparel Market size was valued at USD 535 Billion in 2024 and is expected to reach USD 986.5 Billion by 2033, at a CAGR of 6.7% during the forecast period 2024 – 2033.

Textile and Apparel Market: Overview

The manufacturers of fiber, yarn, textiles, and other products used in the production of garments, home textiles like towels and bedding, accessories like bags and shoes, and other fashion items are included in the worldwide textile and apparel market.

This market includes a wide range of products, from raw materials such as cotton, wool, and synthetic fibers to finished apparel items, like clothing, footwear, and accessories.

The global economy greatly depends on the size and diversity of the textile and clothing market. A wide range of stakeholders is involved in this intricately linked ecosystem, including manufacturers of fiber and fabric, merchants and brands of clothing, end users, and textile manufacturers.

Consumer preferences that are always changing, shifting fashion trends, and the demand for ethical and sustainable production methods are the characteristics of this sector. The industry environment has been significantly impacted by technological breakthroughs such as the incorporation of smart fabrics, automation in manufacturing, and the growth of e-commerce.

The demand for clothing and textiles is predicted to rise as a result of emerging markets like China and India. Moreover, shifting design trends, increased disposable incomes and population growth may propel market expansion. The market’s expansion, however, may be hampered by changes in raw material prices and rising environmental concerns over synthetic textiles.

By material type, the synthetic segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Synthetic fabrics are renowned for their short drying time, wrinkle resistance, ease of dyeing and printing, and adaptability. Because of these qualities, synthetic materials are ideal for many different textile and clothing applications.

By application, the clothing textiles segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Demand for clothing textiles is significantly greater than that of other textile segments. The widespread need for clothes across all countries and consumer sectors is the reason for the garment fabrics’ widespread domination.

Asia Pacific leading the Textile and Apparel Market and is expected to keep its dominance during the forecast period 2024-2033. With the biggest market share in Asia-Pacific. India’s textile and clothing sector has both robust domestic and foreign demand. the government is making investments to modernize the textile sector’s infrastructure.

Paramount Textile Mills (P) Ltd. is a world class manufacturer of grey fabrics situated in South Tamil Nadu.

Report Scope

Feature of the ReportDetails
Market Size in 2024USD 535 Billion
Projected Market Size in 2033USD 986.5 Billion
Market Size in 2023USD 531.2 Billion
CAGR Growth Rate6.7% CAGR
Base Year2023
Forecast Period2024-2033
Key SegmentBy Material Type, Application and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research.

CMI has comprehensively analyzed the Global Textile and Apparel Market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth by Amico Group of Companies to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Textile and Apparel industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

Global Textile and Apparel Market 2024–2033 (By Billion)

www.custommarketinsight.com

List of the prominent players in the Textile and Apparel Market:

  • BSL Limited
  • Lu Thai Textile Co. Ltd.
  • Paramount Textile Limited
  • Paulo de Oliveira
  • Successori REDA S.p.A.
  • Shijiazhuang Changshan Textile Co. Ltd
  • Solvay S.A.
  • JCT Limited
  • The Bombay Dyeing & Mfg. Co. Ltd
  • Raymond
  • DBL Group
  • IBENA Inc.
  • Adamjee Textiles
  • Heytex
  • TIROTEX
  • Fratelli Balli S.p.A.
  • Lakhmi Woollen Mills
  • Australian Textile Mills
  • Mayur Fabrics
  • Helm Textile Mills
  • Others

The Textile and Apparel Market is segmented as follows:

By Material Type

  • Natural
    • Cotton
    • Silk
    • Others (Wool, etc.)
  • Synthetic
    • Nylon
    • Polyester
    • Others (Blended Fibers, etc.)

By Application

  • Retail Store
  • Clothing Textiles
  • Technical Textiles
  • Fashion Textiles
  • Home-Decor Textiles
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America