Why is the Global Textile-Top Market Growing In 2023?

T&A Trade Worldwide

The analysis estimates that global commerce in textiles and apparel (T&A) will reach $869 billion in 2021. The market demonstrated a huge 22% post-Covid recovery and a 2% increase over 2019. सबसे बड़े व्यापार खंड, परिधान, का बाजार मूल्य $492 बिलियन था और सभी व्यापार का 57% हिस्सा था। The fabric had a 13% share. By 2025, commerce is expected to reach $1 billion, with apparel accounting for $573 billion of the total. Growth is predicted to occur at a CAGR of 3%.

With a 37% market share, China is the top T&A supplier in the world, followed by Bangladesh (5% market share). With a 5% market share and $42 billion in exports, India ranks as the fourth-largest provider in the globe. Since 2010, Bangladesh has experienced a CAGR of 8%, followed by Vietnam and Poland, each with a CAGR of 10%. दूसरी ओर, भारत का सीएजीआर 4% है और यह मामूली रूप से बढ़ रहा है। 2010 के बाद से, बांग्लादेश और वियतनाम प्रत्येक ने वैश्विक परिधान बाजार में 3% हिस्सेदारी हासिल की है, जबकि चीन को 4% का नुकसान हुआ है। India’s percentage stayed the same during that time.

Putting Sustainability First

According to the report, sustainability has evolved from being a trendy term to an important element in determining the direction of the sector. The worldwide textile business is one of the most polluting industries, and the textile industry faces serious environmental issues. हालांकि, दुनिया भर में कपड़ा व्यवसाय हानिकारक प्रभाव का मुकाबला करने और नियंत्रित करने के लिए एक हरित और टिकाऊ उद्योग बनाने के अंतिम लक्ष्य के साथ महत्वपूर्ण सुधारात्मक कदम उठा रहे हैं। The use of raw materials that are long-term sustainable, proper handling of hazardous chemicals used in dyeing and coating, proper waste disposal, water treatment prior to discharge, the use of recycled products, and adherence to specific guidelines are some of the measures mentioned above. Controlled usage of energy and water from the natural world is one of these precautions.

Digitalization of the Supply Chain

The study suggests that supply chain openness has become an essential element as compliance requirements become more strict. Post-Covid, the world has learned how to conduct business digitally, and this digital transformation is altering buyer-supplier relationships throughout the supply chain. डिजिटाइजेशन की बदौलत खरीदार अब दुनिया में कहीं से भी एक उपयुक्त प्रदाता की पहचान कर सकते हैं। खरीदार अब उन आपूर्तिकर्ताओं के साथ काम करने को प्राथमिकता देते हैं जो बेहतर, अधिक पारदर्शी और अधिक कुशल लेनदेन प्रदान कर सकते हैं। Aspects including sourcing strategy, supply chain visibility, partner engagement, information exchange, and analysis have all been significantly impacted by the trend in the textile supply chain.

The Effect of Xinjiang

Buyers became more aware of their sourcing after the US banned cotton from Xinjiang, and they started concentrating on lowering their reliance on China for sourcing needs. हालाँकि, इस कार्रवाई ने बांग्लादेश, वियतनाम और भारत जैसे अन्य उत्पादक देशों को वैश्विक कपड़ा और परिधान उद्योग में बाजार हिस्सेदारी हासिल करने के साथ–साथ अपने निर्यात को बढ़ाने का अवसर प्रदान किया।The embargo created a sizable market, particularly for products made of Indian cotton on a global scale. It shows that nations in South Asia have been slowly growing their market shares in terms of textile exports to the US by leveraging the shift in production capacity in the labor-intensive industry away from China over the past several years.

The comfort of your clothing

The need to be in comfortable clothing developed when people were encouraged to stay at home to stop the spread of Covid19, giving comfort wear garments a boost. कॉटन–स्पैन्डेक्स, पॉलिएस्टर, और नायलॉन स्पैन्डेक्स कच्चे माल की मांग आरामदायक परिधान के परिणामस्वरूप बढ़ी है, जो ज्यादातर लचीले वस्त्रों का उपयोग करके बनाई गई है। The recent rise in interest in comfortability, brought on by Covid19, has given the athleisure sector a boost.

A growing percentage of synthetic fiber

70% of all fibre consumed worldwide is made up of man-made fibres (MMF), with polyester fibre accounting for the lion’s share. From 87 million tonnes in 2014 to 103 million tonnes in 2022, the world will consume more fibre. 57 मिलियन टन के वर्तमान वैश्विक उपयोग के साथ, पॉलिएस्टर ने कपास को दुनिया में सबसे बड़ी और सबसे तेजी से बढ़ने वाली श्रेणी के रूप में प्रतिस्थापित कर दिया है। Around the world, there is a huge increase in demand for synthetic fibre.

This pattern has many causes. Some of the main causes include low cost, cotton’s demand-supply imbalance, and cotton’s adaptability in terms of design and application. भारत सरकार ने भारत में सिंथेटिक वस्त्रों के उत्पादन को बढ़ावा देने के लिए पहल की है और सिंथेटिक उद्योग की क्षमता को मान्यता देने के लिए पीएलआई और मित्रा जैसे विशिष्ट कार्यक्रम शुरू किए हैं। Man-made fibres account for $427 billion, or 49%, of world trade, and their market value has increased by 3.7% CAGR since 2010. Cotton-based clothing had a market value of $207 billion in 2021, whereas MMF-based clothing had a market value of $237 billion, rising at a CAGR of 4.6%. The second-largest category, MMF-based fabrics, had sales of $69 billion over the same time, expanding at a CAGR of 3.4%.

It’s anticipated that the Indian T&A market will reach $250 billion.

The Indian textile and clothing sector is estimated to be worth $153 billion, with domestic consumption accounting for 70% and exports for the remaining 30%. In 2021, India’s domestic market as a whole was worth $110 billion. Retail sales of clothes account for $80 billion of the total, while sales of technical textiles and home textiles each account for $22 billion. विश्लेषण के अनुसार, घरेलू बाजार के 2025-2026 तक 10% सीएजीआर से 190 अरब डॉलर तक पहुंचने की उम्मीद है। In contrast to the domestic home textile industry, which is predicted to expand at a CAGR of and reach $13 billion during the same period, the technical textile market is predicted to increase at a CAGR of and reach $42 billion.

Global Textile Industry Rising Export Share of India

India is rated second in the world for textile exports with 7% of the market, and sixth for apparel exports with 3% of the market. India ranks fourth overall with 5% of world exports. Since 2010–11, India’s T&A exports have increased at a 3.7% CAGR, reaching $43 billion in 2021–22. निर्यात 2021 में 9% सीएजीआर से बढ़ने का अनुमान है और 2025-2026 तक 60 अरब तक पहुंच जाएगा।

The largest export category from India is clothing, which will account for 36% of all exports in 2021. With 7% of the total, home textile and yarn exports come in second and third. भारत के कपड़ा और परिधान निर्यात में पिछले दस वर्षों के दौरान 11% सीएजीआर के साथ फाइबर/लमेंट श्रेणी में सबसे बड़ी वृद्धि हुई है। With 30%, 14%, and 9% of the market share, respectively, the USA, UAE, and UK are India’s top export destinations for clothing. Germany and France are India’s other two top export destinations, with 6% and 4% of the market share, respectively.

Because of India’s expanding economy, the T&A market is expected to expand. जब बाजार 2025-2026 में 250 अरब डॉलर के अनुमानित मूल्य तक पहुंच जाएगा, तो भारत को कपड़ा और परिधान के शीर्ष उत्पादकों और उपभोक्ताओं में रैंक करने की उम्मीद है।

Getting to the $250 billion mark by 2025–2026

As of right now, the textile industry in India contributes 10% to manufacturing output, 5% to GDP, and 13% to export revenue. The research claims that the demand has increased post-COVID and that government assistance in the shape of alluring programs like the Production Linked Incentive (PLI) and Mega Investment Textile Parks (MITRA) will pave the way for the $250 billion goal. हालाँकि, इस क्षेत्र को इस समय सीमा को पूरा करने के लिए अपनी पूरी क्षमता का एहसास करने के लिए एक मार्ग की आवश्यकता है।

Market insights and analysis for textile garments

The design, manufacture, and distribution of yarn, cloth, apparel, and garments are all aspects of the textile market. Natural or synthetic raw materials, which might be made with the aid of chemical industry products, are both possible. कपड़ा और परिधान उद्योगों का कई देशों की राष्ट्रीय अर्थव्यवस्थाओं पर महत्वपूर्ण प्रभाव पड़ता है।           

The market for textile garments is being driven forward by young people’s increasing understanding of the most recent fashion trends. ऑनलाइन परिधान और एक्सेसरी खर्च के विस्तार, उच्च गुणवत्ता वाले कपड़ों के लिए अधिक भुगतान करने की बढ़ती इच्छा, टिकाऊ और पर्यावरण के अनुकूल कपड़ों के बारे में जागरूकता बढ़ाने आदि के परिणामस्वरूप कपड़ा वस्त्रों का बाजार बढ़ रहा है।

The report analyses opportunities in terms of new revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. यह बाजार हिस्सेदारी, नए विकास और घरेलू और स्थानीय बाजार के खिलाड़ियों के प्रभाव के बारे में जानकारी प्रदान करता है। To further understand the analysis and the market context, get in touch with us for an analyst brief. Our team will work with you to create a revenue-impacting solution to help you achieve your desired goal.

The market for textile clothing is anticipated to expand significantly between 2023 and 2030. According to Data Bridge Market Research’s analysis, the market is estimated to reach USD 815,080.526 million by 2030 and will increase at a CAGR of 4.2% from 2023 to 2030. कपड़ा परिधान बाजार के विकास को चलाने वाला प्रमुख कारक युवा पीढ़ी के बीच नवीनतम फैशन रुझानों की ओर झुकाव है, जिससे बाजार की वृद्धि को गति मिलने की उम्मीद है।

Industry Definition

The design, manufacture, and distribution of yarn, cloth, apparel, and garments fall under the purview of the textile market industry. प्राकृतिक या सिंथेटिक कच्चे माल, जो रासायनिक उद्योग के उत्पादों की सहायता से बनाए जा सकते हैं, दोनों संभव हैं। The textile and garment industries have a significant impact on the national economies of many countries.

Dynamics of the Global Textile Clothing Market Drivers

Increasing Online Platform Spending on Clothing and Accessories

The fashion industry and the digital world are becoming more and more interwoven. The rise of e-commerce, which enables businesses to interact with customers through virtual reality, has led to the emergence of many new brands as well as the proliferation of digital platforms and digital marketing tactics in the fashion industry. ई–कॉमर्स बिक्री में सबसे बड़ी वृद्धि का अनुभव करने वाला क्षेत्र फैशन और ऑनलाइन कपड़े हैं। Because of this, consumer expenditure on clothing has expanded through these channels since the development of online platforms, which will continue to fuel the growth of the global textile garment industry.

The Use of Smart Textiles is Growing

The global market for textile garments may experience extremely rapid expansion shortly as a result of this segment’s ongoing innovation and expanding trend. स्मार्ट वस्त्रों के लिए एक उपयोग विकिरण क्षेत्रों या अन्य क्षेत्रों में उच्च पर्यावरणीय चिंताओं के साथ कपड़ों का रंग बदलना है। There are also some instances of pharmaceutical corporations monitoring their patients medically. Some wearables can monitor precise data about health and fitness thanks to actuators and sensors attached to synthetic fabrics.

High Resource Wastage Restraints/Challenges

Despite a lengthy history of resource conservation in the textile industry, there is still a sizable quantity of waste produced during the making of clothing. निर्मित वस्त्र उत्पादों की मात्रा उत्पादित अपशिष्ट की मात्रा निर्धारित करती है; जितने अधिक उत्पादों का उत्पादन होगा, उतना ही अधिक अपशिष्ट होगा। यह उपभोक्ता मांग का परिणाम है, जो देश के आर्थिक विस्तार पर निर्भर है। Fast fashion’s and just-in-time manufacturing’s dominance in the textile industry has resulted in more frequent seasons and short collections between seasons, which has led to the weekly, and in some cases daily, arrival of new, inexpensive merchandise in stores. The enormous amount of waste produced by these rapidly evolving fashion trends is a barrier to the expansion of the world textile garment market.

Recent Development

ToyoflonTM, a low-friction polytetrafluoroethylene (PTFE) fiber, will be used in the creation of a high-strength textile, according to a March 2022 announcement by Toray Industries, Inc. इस नए आइटम से कंपनी की प्रोडक्ट लाइन में सुधार होगा।

What Is The global textile Size of the  apparel market

• Cotton
• Wool
• Silk
• Denim
• Others

The cotton, wool, silk, denim, and other segments make up the worldwide textile garment market, which is divided into five categories based on material type.

Product

• Women
• Men
• Kids

The women’s, men’s, and children’s segments of the worldwide textile garment market are divided based on product.

Regional Analysis and Insights of the Global Textile Garment Market

The material type and product categories are used to segment the global textile apparel market.

United States, Canada, Mexico, United Kingdom, Russia, France, Spain, Italy, Germany, Turkey, Netherlands, Switzerland, Belgium, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and the Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel, and the Rest of the Middle East and Africa are the nations in the global textile garment market.

The global market for textile garments is dominated by Asia-Pacific. Due to increased knowledge of the characteristics of textiles made from fibres, the U.S. currently holds the majority of market share in North America. कपड़ों और सामानों पर ऑनलाइन खर्च में वृद्धि और उच्च गुणवत्ता वाले कपड़ों के लिए अधिक भुगतान करने की बढ़ती इच्छा के कारण, जर्मनी को यूरोपीय कपड़ा परिधान बाजार का नेतृत्व करने की भविष्यवाणी की जाती है। Due to a rise in demand for eco-friendly clothes, the United Arab Emirates leads the textile apparel market in the Middle East and Africa.

The nation portion of the research also lists specific market-influencing elements and modifications to market regulation that have an impact on the market’s present and future developments. कुछ देशों के लिए बाजार परिदृश्य का अनुमान लगाने के लिए उपयोग किए जाने वाले कुछ संकेतकों में तकनीकी रुझान, कुली के पांच बल विश्लेषण, मामले के अध्ययन और डाउनस्ट्रीम और अपस्ट्रीम वैल्यू चेन पर डेटा शामिल हैं। The presence and accessibility of foreign brands, the degree of rivalry they face from domestic and local brands, the impact of domestic tariffs, and trade routes are all factors considered when providing a prediction analysis of the country data.

Conclusion