Textile Market Report 2026

The textile market size has grown strongly in recent years. It will grow from $660.13 billion in 2025 to $702.97 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to expansion of global apparel manufacturing, rising household consumption of textiles, availability of diverse raw fiber sources, growth of home furnishing demand, development of large-scale textile mills.

The textile market size is expected to see strong growth in the next few years. It will grow to $919.08 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing demand for eco-friendly apparel, expansion of technical textiles in industrial applications, growing investments in smart textile manufacturing, rising focus on circular textile economy, increasing adoption of digital manufacturing technologies. Major trends in the forecast period include growing adoption of sustainable and organic fibers, rising demand for technical and performance textiles, expansion of digital textile printing, increasing use of recycled and bio-based materials, enhanced focus on supply chain traceability.

The rising adoption of online shopping is expected to propel the growth of the textile market going forward. Online shopping refers to consumers purchasing apparel, fabrics, and textile products through internet-based retail channels rather than traditional stores. The increase in online shopping is largely driven by expanding internet access, which allows more people to browse, compare, and purchase products conveniently from anywhere. Rising adoption of online shopping supports the textile industry by increasing demand for a wider variety of fabrics and ready-made garments, enabling manufacturers and retailers to reach a larger customer base, showcase diverse collections, and respond quickly to changing fashion trends. For instance, in February 2024, according to the U.S. Census Bureau, a US-based government agency, total e-commerce sales for 2023 were estimated at $1.11 trillion, an increase of 7.6 percent (±1.2%) from 2022. Therefore, the rising online shopping trend is driving the growth of the textile market.

Major companies operating in the textile market are focusing on developing innovative solutions such as artificial intelligence (AI)-powered platforms to enhance production efficiency and improve product quality. Artificial intelligence (AI)-powered platforms for textile manufacturing help optimize production processes, reduce material waste, and enable automated quality inspection of fabrics. For instance, in October 2024, Lectra, a France-based technology company, launched Valia Fashion. Lectra's Valia Fashion platform stands out by seamlessly connecting, automating, and streamlining every stage of apparel production, from order processing to fabric cutting. It optimizes material usage and facilitates the digital transformation of fashion companies, aiding their transition toward Industry 4.0. By breaking down barriers between industrialization and production processes, Valia Fashion transforms the fashion ecosystem, enabling brands, manufacturers, and subcontractors to meet their evolving requirements more effectively.

In February 2023, Archroma Textiles GmbH, a Switzerland-based specialty chemicals manufacturer, acquired the Textile Effects business of Huntsman Corporation for an undisclosed amount. With this acquisition, Archroma aims to strengthen its market position and expand its product portfolio in textile chemicals and dyes by integrating Huntsman Textile Effects’ global operations and capabilities into its existing business. Huntsman Corporation is a US-based manufacturing company specializing in providing textile solutions.

Major companies operating in the textile market are Toray Industries Inc., Mohawk Industries Inc., Far Eastern New Century, Tex Tech Industries, Beaulieu International Group, Santana Textiles LLC, Yarnz, Australian Textile Mills ATM, Bruck Textiles, Spunchem International, Mattex Yarns, Arvind Ltd., Bombay Rayon Fashions Limited, Luthai Textile, Huafu, Siltex Brasil Ltda, Jiangsu Sunshine Co Ltd., Huafang Group Co Ltd., Shangtex Holding Co Ltd., Shijiazhuang Changshan Textile Co Ltd., Lenzing, Coats, Ugurteks, Ardalanish Mill, European Spinning Group, AMANN Group, Simba Textile Mills Pty Ltd., Shandong Jining Ruyi Woolen Textile Co Ltd., Fabreex, United Textiles, Domarex SC, Santista Argentina SA, Unifi Inc., Vardhman Textiles, Dunmore Corp, Fabrico, The Yarn Room, Bally Ribbon Mills, Paramount Texteis, Pettenati Industria Textil SA, National Spinning Co, Hyosung TNC, Fabricato SA, Reliance Industries Limited, Saudi Spinning & Textile Mill, Fiacao Sao Bento SA, Town End Alpacas, Como Luxury Fabrics, Textil Sao Joao, Weiqiao Textile Company Limited, Aratex Group, Shandong Demian Incorporated Company, Fibertex South Africa, Elasticos Yarns, Trelleborg Engineered Coated Fabrics, AlSaraTex Co., Integrated Fibres Limited.

Asia-Pacific was the largest region in the textile market in 2025. Western Europe was the second largest region in the textile market. The regions covered in the textile market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the textile market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The textile market consists of sales of plant-based, animal-based, cellulosic, synthetic, and semi-synthetic textiles, wool, natural fibers, and inorganic-based textiles. 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.

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.

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