The global textile market is projected to reach a size of USD 3,047.24 billion by 2030, with an estimated compound annual growth rate (CAGR) of 7.4% over the forecast period, according to a new report from Grand View Research, Inc. The market's expansion is expected to be driven by increased consumer awareness and the fast-paced changes in the fashion industry. The growth in e-commerce platforms, which facilitate the sale and distribution of a wide variety of textile products, is also anticipated to contribute to higher demand for textile-related items, further boosting market growth. Additionally, the enforcement of stringent labor safety regulations across various industries is increasing the demand for Personal Protective Equipment (PPE), which relies on raw materials such as wool or treated cotton.

This demand for PPE will also have a positive effect on market growth. Technological advancements, along with the use of a large workforce—both skilled and unskilled—in the production of textiles from materials like natural fibers, polyesters, nylon, and others, are also key factors driving growth in the global textile market. Furthermore, growing concerns about environmental sustainability are pushing for an increased demand for eco-friendly and natural fibers, including cotton, hemp, linen, and silk, which is expected to enhance the market's growth prospects. Among the raw materials used, cotton is anticipated to see significant growth, particularly in terms of volume, due to its high production rates and availability across major regions such as North America, Europe, and Asia Pacific.

Gather more insights about the market drivers, restrains and growth of the Textile Market

Textile Market Report Highlights

• In 2023, the fashion application segment held the largest revenue share and is expected to continue growing at a strong CAGR throughout the forecast period.

• The demand for high-quality apparel in sports and rapidly evolving fashion trends are likely to further drive the growth of this segment.

• Asia Pacific was the largest regional market in 2023, primarily due to the presence of major raw material producers such as China, India, Australia, and Japan.

• Key market players are setting up operations in raw material-producing regions to ensure easy access to resources and take advantage of lower labor costs.

• Supportive government policies, including trade agreements and investment initiatives, are expected to play a significant role in shaping the market’s trajectory.

Browse through Grand View Research's Smart Textiles Industry Research Reports.

• Nylon Fiber Market: The global nylon fiber market size was estimated at USD 35.66 billion in 2024 and is projected to grow at a CAGR of 6.2% from 2025 to 2030.

• Cooling Fabrics Market: The global cooling fabrics market size was valued at USD 1.69 billion in 2023 and is projected to grow at a CAGR of 8.3% from 2024 to 2030.

Textile Market Segmentation

Grand View Research has segmented the global textile market report on the basis of material, product, application, and region:

Raw-material Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• Cotton

• Chemical

• Wool

• Silk

• Others

Product Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• Natural fibers

• Polyesters

• Nylon

• Others

Application Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• Household

o Bedding

o Kitchen

o Upholstery

o Towel

o others

• Technical

o Construction

o Transport

o Medical

o Protective

• Fashion & Clothing

o Apparel

o Ties & Clothing accessories

o Handbags

o Others

• Others

Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o France

o Italy

o UK

o Turkey

o Russia

• Asia Pacific

o China

o India

o Japan

o Australia

• Central & South America

o Brazil

• Middle East & Africa

o Saudi Arabia

o Iran

List of Key Players in Textile Market

• BSL Limited

• INVISTA S.R.L.

• Lu Thai Textile Co., Ltd.

• Paramount Textile Limited

• Paulo de Oliveira, S.A.

• Successori REDA S.p.A.

• Shadong Jining Ruyi Woolen Textile Co. Ltd.

• Shandong Demian Incorporated Company

• Shijiazhuang Changshan Textile Co., Ltd

• Weiqiao Textile Company Limited

• DBL Group

• B.D. Textile Mills Pvt. Ltd.

• IBENA Inc.

• Heytex Bramsche GmbH

• Bahariye AS

• Fratelli Balli S.p.A.

• Ipekis Mensucat Türk A.S

• Lakhmi Woollen Mills

• Wilh. Wülfing GmbH & Co. KG

• Lanificio F.lli Cerruti

• Özlem Kumas, Ltd.

• Trabaldo Togna S.p.A.

• Yünsa Yünlü Sanayi ve Ticaret A.S.

• Xinhui Woollen Textile Co., Ltd.

• O'Formula Co., Ltd.

• Wuxi Xiexin Group Co., Ltd.

• The Bombay Dyeing & Mfg. Co., Ltd

• Huafu Top Dyed Melange Yarn Co., Ltd.

• Mayur Fabrics

• Solvay S.A.

Order a free sample PDF of the Textile Market Intelligence Study, published by Grand View Research.