Fabrics Global Market Report 2024

The fabrics market size has grown strongly in recent years. It will grow from $116.67 billion in 2023 to $123.42 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The expansion observed in the historical period can be ascribed to robust economic growth in emerging markets, the swift development in the automotive industry, and a heightened demand for man-made fibers.

The fabrics market size is expected to see steady growth in the next few years. It will grow to $148.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The anticipated growth in the forecast period can be linked to the rise of e-commerce, growing demand for sportswear, a burgeoning population, technological advancements, and the increasing penetration and usage of the internet and smartphones. Key trends expected in the forecast period encompass the utilization of blockchain, emphasis on digital textile printing ink and printers, the development of smart fabrics, the integration of robotics and automation in manufacturing units, the incorporation of artificial intelligence in fabric manufacturing, and a heightened focus on fostering partnerships and collaborations.

The fabrics manufacturing market is anticipated to experience growth due to the increasing demand for online shopping. Manufacturers now have the opportunity to expand their customer base on a larger platform, leading to geographical growth in the apparel manufacturing market. In countries such as India, e-commerce portals have played a significant role in boosting the sales of traditional garments by providing greater exposure to producers who were previously confined to specific geographical areas where the weaving community was located.

The rising demand for home furnishing is expected to drive the overall demand for the fabrics market. Home furnishing encompasses various items and accessories used to decorate and furnish homes, with fabrics such as cotton, polyester, nylon, wool, and silk being essential components. These fabrics contribute to adding texture, color, and patterns to room décor, enhancing the overall aesthetic appeal. For instance, a survey conducted by Opendoor in January 2022 revealed that 32% of respondents preferred to change their home décor at least once a year. Additionally, a survey by HFBusiness in November 2022 indicated an increase in consumer preference for home furnishings that reflect their personality, rising from 34.8% in 2019 to 46% in 2022. Consequently, the demand for home furnishing is expected to be a driving force for the fabrics market.

There is a rapid increase in the demand for smart fabrics, driven primarily by their growing utilization in various sectors such as fashion, entertainment, medical, transportation, sports and fitness, and the military. Smart fabrics refer to textiles that can interact with their environment and respond to physical stimuli, including mechanical, electrical, thermal, and chemical sources. The key components of smart fabrics include sensors, actuators, and the fabrics themselves, with materials such as optical fibers, metals, and conductive polymers being used. An illustrative example of smart fabrics is the D-Shirt offered by the French company Cityzen Sciences, which boasts various functions such as recording heart rate, GPS location, route, altitude, and speed.

Major companies in the fabrics market are concentrating on the manufacturing of natural fabrics to enhance their product portfolios. Natural fabrics are those created from fibers found in nature, such as animal coats, plant seeds, leaves and stems, and even minerals. The demand for natural fabrics such as cotton, silk, and linen has witnessed significant growth. For instance, in May 2023, Camira launched an innovative recycled wool fabric utilizing state-of-the-art textile reprocessing machinery. The company has been at the forefront of innovation, introducing a new category of fabrics made from natural wool.


Major companies operating in the fabrics market report are Toray Industries Inc., Reliance Industries Limited, INVISTA, Shenzhou International Holdings Limited, Teijin Ltd., Seoane Produccion Textil, Arvind Ltd., Mattex Yarns, Lion Brand Yarn Company, Champion Thread Co, Suominen Corporation, Elevate Textiles, National Spinning Co, Fabricato SA, BTK Textile, Inditex, Freudenberg Group, Como Luxury fabrics, Berry Global Inc., Spinrite Inc., Koninklijke Ten Cate NV, Pacific Textiles, Jiangsu Lianfa Textile Co Ltd., Salvatore Ferragamo SpA, Albany International Corp., Johns Manville, Terico Golzar, Cone Denim, Smartex, The Yarn Room, Eeden, American Silk Mill, Mango, Evora SA, American & Efird, Bombay Rayon Fashions Limited, Hanesbrands, Inc., Ahlstrom- Munksjö, Luthai Textile Co Ltd., Elasticos Yarns, Glatfelter Corporation, Indumentaria Lincoln Sa, Mohawk Industries, Inc., Low & Bonar, TWE Group, Yarnz, Maples Industries, Inc., , Avgol, Saudi Spinning & Textile Mill, Berry Global Koninklijke Ten Cate NV, H and M Hennes and Mauritz GBC AB, Vardhman Group, Fibertex Nonwovens A/S, Fitesa, Integrated Fibers Limited, Standards Textile Co. Inc., Kimberly-Clark, DuPont de Nemours, Sarwani International Corporation, Herrschners Inc., United Textiles, Safety Components, Zhejiang Kingsafe, Spunchem Interntaional, Texameri SA (Texcom), Gale Pacific Fze, European Spinning Group, Weiqiao Textile, Lydall, AlSaraTex Co., Leena Egypt.

Asia-Pacific was the largest region in the fabrics market in 2023. Western Europe was the second largest region in the fabrics market. The regions covered in the fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the fabrics market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The fabric market consists of sales of chiffon fabric, crepe fabric, denim fabric, linen, silk, wool, and other natural and synthetic sources. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Distinguished types of fabrics include non-woven fabrics, knitted fabrics, broadwoven fabrics, narrow fabric mills, and Schiffli machine embroidery. Nonwoven fabric, for instance, represents a textile-such as material comprising staple and long fibers bound together through chemical, mechanical, thermal, or solvent-based methods. The diverse range of fabric products includes cotton fabric, linen fabric, silk fabric, canvas fabrics, polycotton fabric, and others. These fabrics find applications in the manufacturing of T-shirts, sportswear, outdoor clothing, and performance wear.

The fabrics market research report is one of a series of new reports that provides fabrics market statistics, including fabrics industry global market size, regional shares, competitors with a fabrics market share, detailed fabrics market segments, market trends, and opportunities, and any further data you may need to thrive in the fabrics industry. This fabrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.