Asia Pacific Textile Market Size & Outlook, 2021-2030
Asia Pacific textile market, 2017-2030 (US$M)
Related Markets
Asia Pacific textile market highlights
- The Asia Pacific textile market generated a revenue of USD 799,556.9 million in 2021.
- The market is expected to grow at a CAGR of 10.1% from 2022 to 2030.
- In terms of segment, fashion was the largest revenue generating application in 2021.
- Technical is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 799,556.9 million |
| Market revenue in 2030 | USD 1,895,770.4 million |
| Growth rate | 10.1% (CAGR from 2021 to 2030) |
| Largest segment | Fashion |
| Fastest growing segment | Technical |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Household, Technical, Fashion |
| Key market players worldwide | INVISTA, BSL-BIOSERVICE Scientific Laboratories GmbH, Lu Thai Textile, Paramount Global Class A, Companhia De Saneamento Basico Do Estado De Sao Paulo ADR, DBL Group, Lumière e i suoi fratelli, Li & Fung, Solvay SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 51.4% of the global textile market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,895,770.4 million by 2030.
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Textile Market Scope
Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific textile market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to textile market will help companies and investors design strategic landscapes.
Fashion was the largest segment with a revenue share of 70.78% in 2021. Horizon Databook has segmented the Asia Pacific textile market based on household, technical, fashion covering the revenue growth of each sub-segment from 2017 to 2030.
The global textile market is projected to be driven by developing countries like India, Bangladesh, and Vietnam over the forecast period. Asia Pacific is the largest textile market worldwide owing to the contribution from China and India and is expected to continue its dominance over the forecast period.
India, Bangladesh, China, Indonesia, Vietnam form production hubs, contributing significantly to the global textile market. Since the last few years, the textile industry has moved away from developing North America and European countries to emerging markets of India, China, South Asia, and Southeast Asian countries.
Key factors responsible for this are lower production cost, raw material availability, low-cost workforce, growth in disposable incomes of middle and lower income groups and increasing spending on the garments and apparels. As a result, Asia Pacific is projected to be competitively positioned against North American and European markets.
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Target buyers of Asia Pacific textile market databook
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Our clientele includes a mix of textile market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific textile market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific textile market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific textile market size, by country, 2017-2030 (US$M)
Asia Pacific Textile Market Share, 2021 & 2030 (US$M)
Related regional statistics
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