Global Textile Fabric Market Sluggish Growth Rate Foreseen by 2022-2028

The global textile fabric market is anticipated to grow at a CAGR of 5.3% during the forecast period (2022-2028). Textile is a versatile material that can be made using a variety of techniques such as knitting, weaving, crocheting, or felting. These materials are widely used in the production of a wide range of polished goods, including upholstery, kitchen, transportation, bedding, construction, medical, protective equipment, apparel, handbags, and clothing accessories. The enormous increase in the demand for apparel, particularly in emerging countries, is expected to be a critical factor that will supplement the growth of the textile fabric market. Another significant factor that is expected to boost the growth of the market is rapid development and an increase in disposable income.

Furthermore, the growing acceptance of e-commerce, influencers, and the social media business is anticipated to flow the need for apparel meaningfully, and the increasing technological advancement in new upholstery products resulting from coated fabrics is expected to boost the growth of the textile fabrics market in the coming years. Variations in the cost of cotton, as well as the current import-export scenario of trading countries, are expected to hinder the growth of the textile fabric market in the near future. The increased demand for lightweight and multifunctional fabrics in sportswear is estimated to be a significant factor that will significantly increase the textile fabrics market share in the assessment term.

Moreover, the exponential increase in the demand for PPEs is predicted to be another factor that will support the growth of the textile fabrics market. Due to the presence of various fashion hubs that generate significant demand for fabrics, Europe dominates the textile fabric market. In addition, the country has a strong fashion industry and a sports apparel sector. Advanced countries are expected to play a significant role in increasing demand for textile fabric, thereby boosting the growth of the region’s textile fabric market. North America is expected to witness growth in the textile fabric market due to the increasing demand for fabric t-textiles and outdoor clothing, that are likely to contribute significantly to the region’s advancement.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Acorn Fabrics, ALBINI, ALUMO, MONTI, TESTA, S.I.C, Veratex Lining, Sarvoday Textiles, and Rughani Brothers, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Textile Fabric Market Report by Segment

By Type

• Cotton Fabrics
• Silk Fabrics
• Flax Fabrics
• Others

By Application

• T-shirts
• Sportswear
• Outdoor Clothing
• Performance WearTextile
• Others