Ottawa, Aug. 22, 2025 (GLOBE NEWSWIRE) — According to Precedence Research, the global textile market surpassed USD 1,976.84 billion in 2024 and is predicted to grow from USD 2,123.72 billion in 2025 to approximately USD 4,016.50 billion by 2034. In terms of CAGR, the market is projected to grow at a solid compound annual growth rate (CAGR) of 7.35% from 2025 to 2034.
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Textile Market Overview
Textile is a fabric material made up of filaments, fibers, and yarns. The processes used for the creation of textiles are felting, weaving, and knitting. Textile is made up of synthetic fibers and natural fibers. The synthetic fibers include polyester, rayon fiber, acrylic, & nylon, whereas the natural fibers include silk, cotton, & wool.
Textile is widely used in bedding, upholstery, clothing, carpets, geotextiles, nets, furnishings, towels, and many more. Textile offers comfort, warmth, and protection in various industries. Textile is widely used in industries like automotive, healthcare, aerospace, apparel, construction, and other industrial activities.
Textile Market Insights:
- Asia Pacific dominated the textile market with the largest market share of 54% in 2024, supported by its strong manufacturing base, low labor costs, and abundant raw materials.
- By raw material, the cotton segment led the market in 2024, driven by its comfort, breathability, and strong demand in clothing and home textiles.
- By product, the natural fibers segment dominated in 2024, with rising adoption due to biodegradability, comfort, and versatility across applications.
- By application, the fashion & clothing segment held the largest market share in 2024, supported by booming e-commerce, evolving fashion trends, and demand for designer apparel.
Global Textile Market Size and Forecast
- 2024 Market Size: USD 1,976.84 Billion
- 2025 Market Size: USD 2,123.72 Billion
- 2030 Market Size: USD 3,038.96 Billion
- 2032 Market Size: USD 3,507.33 Billion
- 2034 Projected Market Size: USD 4,016.50 Billion
- CAGR (2025–2034): 7.35%
Regional Textile Market Size and Forecast
Market Size in 2024
- Asia Pacific: USD 1,067.49 Billion
- North America: USD 434.90 Billion
- Europe: USD 375.60 Billion
- LAMEA: USD 98.84 Billion
Market Size in 2025
- Asia Pacific: USD 1,146.81 Billion
- North America: USD 467.22 Billion
- Europe: USD 403.51 Billion
- LAMEA: USD 106.19 Billion
Market Size by 2034
- Asia Pacific: USD 2,188.99 Billion
- North America: USD 873.94 Billion
- Europe: USD 754.70 Billion
- LAMEA: USD 198.87 Billion
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Major Global Trends in the Textile Market
- Sustainability & Circular Economy
- Growing use of eco-friendly fibers like organic cotton, bamboo, hemp, and recycled textiles
- Increased adoption of textile recycling, upcycling, and closed-loop production systems
- Brands and manufacturers focusing on reducing carbon footprint and water usage
- Digitalization & Smart Manufacturing
- Rise in automation, artificial intelligence (AI), internet of things (IoT), and smart factory setups for higher efficiency and precision
- Digital textile printing enabling fast, low-waste, and customized production
- Integration of virtual prototyping and 3D design tools for product development
- Technical, Functional & Smart Textiles
- High demand for performance fabrics with antimicrobial, UV-resistant, flame-retardant, or moisture-wicking properties
- Smart textiles integrating sensors and electronics for use in sportswear, healthcare, and wearables
- Development of adaptive textiles that respond to temperature, moisture, or movement
- Personalization & On-Demand Production
- Growth in custom-made and made-to-order textile products
- Direct-to-consumer (DTC) models gaining popularity
What is the Detail Textile Manufacturing Process?
| Process | Description (Detail Process) |
| Fiber Selection & Preparation |
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| Yarn Production |
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| Fabric Formation |
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| Finishing |
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| Garment Manufacturing |
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Textile Market Opportunity:
Growing Demand for Home Textiles Unlocks Market Opportunity
The rapid urbanization and growing residential construction activities increase demand for various home textiles. The strong focus on home decor and increasing disposable incomes increases spending on premium home textiles. The increasing home renovation activities and growing investment in furnishing increase the adoption of home textiles. The increasing demand for bedding products like pillowcases, blankets, sheets, and bedspreads is leading adoption of textiles.
The growing use of curtains, rugs, table linens, drapes, carpets, and bathroom accessories increases demand for textiles. The growing demand for home textiles in residential areas like bathrooms, dining rooms, bedrooms, kitchens, and living rooms helps the market. The rise …