Textile - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

Textile Market Analysis

The Textile Market is valued at USD 760.28 billion in 2025 and is projected to reach USD 974.38 billion by 2030, advancing at a 5.09% CAGR. Tightening sustainability regulations in Europe, near-shoring strategies such as “China + 1,” and expanding demand for high-performance technical fabrics set the growth tone for the global textile market. Polyester recycling lines, the rapid rise of e-commerce brands that want custom designs, and government incentive programs in India and Vietnam all reinforce investment momentum. Feedstock cost swings and climate-driven water restrictions on cotton create volatility, yet they also hasten the pivot toward recycled synthetics and new fiber blends. Overall, competitive advantage now hinges on traceability, low-impact production, and the ability to deliver small runs quickly for fast-fashion and direct-to-consumer labels.

Global Textile Market Trends and Insights

Accelerating Shift to Sustainable & Circular Textiles Driven by the EU Green Deal

Extended Producer Responsibility came into force across the EU on January 1, 2025, prohibiting the household disposal of textiles and requiring separate collection streams. Digital product passports that disclose carbon footprints and recycling routes will accompany every garment by 2027. Brands, therefore, redesign for durability, invest in traceability, and secure recycled feedstocks to avoid punitive eco-modulation fees. Early adopters already win shelf space and can charge premium prices in eco-conscious retail chains. Compliance costs discourage laggards, yet they open expansion opportunities for suppliers that master low-impact chemistry and closed-loop supply chains.

Near-shoring & “China + 1” Supply-Chain Realignment Boosting South-Asian Mill Orders

Vietnam, Pakistan, Indonesia, Bangladesh, and Turkey are projected to absorb 47% of world cotton imports by 2030, while China’s share falls to 24%. Turkish producers have stepped into Egypt after its currency devaluation reduced labor costs to about 30% of Turkey’s, and free-trade deals provide duty-free access to the US market. Morocco secured a USD 230 million Chinese investment that will create 7,000 direct textile jobs. Pan-Euro-Med rule changes let European brands source yarn in one nation, cut-and-sew in another, and still ship duty-free, an option that trims lead times against Asian sourcing. Capacity constraints in new hubs remain a hurdle, yet quick-response orders continue to shift west of the Suez Canal.

Rise of Apparel Rental & Re-Commerce Platforms Slowing Virgin Textile Volumes in OECD

Preloved purchases offset 64.6% of new garment demand, and repair services replace 82.2% of foregone sales, according to WRAP. EU strategy bans destruction of unsold stock, which historically ran near 21% of output. Second-hand trade hit USD 9.3 billion in 2021 and continues to climb as platforms curate higher-quality assortments. Rental fashion widens consumer reach in China and Western Europe, further cutting virgin yarn orders. Brands that overproduce face markdowns and higher waste-handling fees, accelerating the adoption of on-demand manufacturing.

Other drivers and restraints analyzed in the detailed report include:

1. Fast-Fashion Refresh Rates Fueling Ultra-Short Lead-Time Demand from Turkey & Morocco Hubs
2. E-Commerce Native D-to-C Labels Scaling Customisation, Raising Technical Fabric Uptake
3. Growing Water-Scarcity Regulations Curbing Conventional Cotton Cultivation in MENA

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Fashion and apparel claimed 55.2% of the textile market share in 2024, yet industrial and technical textiles are projected to record the fastest 5.91% CAGR to 2030. Automotive lightweighting rules elevate demand for seatbelt webbings, airbag fabrics, and natural fiber composites that help manufacturers trim vehicle mass. Medical and hygiene categories hold steady as aging populations and procedural backlogs raise consumption of disposable gowns and wound-care wraps. The technical textiles surge highlights a structural pivot where performance and compliance trump seasonal aesthetics in shaping mill orders.

Technical textiles also lift margins because buyers value strength, fire resistance, and chemical durability. Electric vehicle battery insulation relies on aramid and glass fabrics that command double-digit premiums over commodity cloth. Sportswear brands blend high-tenacity polyamide yarns to improve abrasion life for rental models. Infrastructure spending on geotextiles supports drainage projects across Southeast Asia, locking in multi-year contracts. As technical specifications grow stringent, integrated producers with in-house testing labs secure preferred-supplier status with aerospace and defense clients.

The Textile Market Report is Segmented by Application (Fashion & Apparel, Industrial/Technical Textiles, and More), by Raw Material (Synthetic Fibers, Natural Fibers, and More), by Process/Technology (Woven, Non-Woven, Knitted, and More), and by Geography (Asia-Pacific, Europe, North America, South America, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Geography Analysis

Asia-Pacific dominated the textile market with 53.2% share in 2024, while the Middle East and Africa are set to grow fastest at 5.56% CAGR through 2030. China faces rising labor costs and geopolitical tensions that drive supply chain diversification toward Vietnam, Pakistan, Indonesia, Bangladesh, and Turkey. These five nations are projected to absorb 47% of global cotton imports by 2030, while China's share falls to 24%. India raised its Production Linked Incentive budget from INR 45 crore (USD 5.4 million) to INR 1,148 crore (USD 138.3 million) for 2025-26 to support seven new mega-parks that target USD 350 billion in industry size by 2030. Japan and South Korea focus on high-value technical textiles and advanced materials, while ASEAN countries benefit from "China + 1" strategies as manufacturers seek supply chain resilience.

Europe shapes global textile practices through sustainability regulations, with Extended Producer Responsibility schemes and Digital Product Passports that influence manufacturing worldwide. Germany strengthens ties with Morocco in automotive supply chains, while Turkey's strategic position enables rapid order fulfillment for European brands requiring ultra-short lead times. The UK's post-Brexit trade agreements may limit access to pan-Euro-Med preferential treatment, potentially disadvantaging British textile firms compared to EU competitors. Nordic countries emphasize sustainable innovation and circular economy principles, creating premium market segments for environmentally certified products that command higher margins despite smaller volumes.

North America pursues nearshoring and technical textile applications, with Mexico emerging as a strategic manufacturing hub offering 12% cost advantages versus China for certain products while providing shorter lead times for US brands. The US textile industry faced challenges in 2024 but shows optimism for 2025 driven by administration changes and consumer preferences for domestically manufactured products. Canada benefits from USMCA trade agreements while maintaining focus on technical and specialty textiles. South America, led by Brazil and Argentina, serves regional markets while exploring export opportunities, though infrastructure limitations constrain global competitiveness compared to Asian manufacturing hubs that benefit from integrated supply chains and established logistics networks.

List of Companies Covered in this Report:

1. Toray Industries Inc.
2. Weiqiao Pioneering Group Co. Ltd.
3. Texhong Textile Group Ltd.
4. Inditex S.A.
5. Aditya Birla Fashion & Retail Ltd.
6. Hyosung TNC Corp.
7. Far Eastern New Century Corp.
8. PVH Corp.
9. Nisshinbo Holdings Inc.
10. Arvind Ltd.
11. Chori Co. Ltd.
12. DuPont de Nemours Inc.
13. Freudenberg Group
14. Berry Global Group Inc.
15. Lenzing AG
16. Reliance Industries Ltd. (RIL)
17. Shandong Ruyi Technology Group
18. Low & Bonar PLC
19. Kimberly-Clark Corp.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support