Overview of Global Garment Industry

Overview of Global Garment Industry

Market Overview

In 2018, the global textile industry was estimated to be around USD 920 billion, and a CAGR of approximately 4.4 percent is projected to reach about USD 1.230 billion by 2024 during the forecast period.

• The textile industry is an ever-growing market, with China, the European Union, the United States, and India as the main competitors.
• China is the world's leading manufacturer and exporter of raw textiles as well as garments. The United States is the leading raw cotton producer and exporter, while also being the top raw textile and garment importer.
• The European Union's textile industry is at the forefront of Germany, Spain, France, Italy, and Portugal with a value of more than one-fifth of the world's textile industry, currently valued at over USD 160 billion.
• India is the third-largest textile industry and has an export value of over USD 30 billion. India accounts for over 6 percent of total textile production worldwide and is estimated at about USD 150 billion.

Scope of the Report

This report is aimed at providing a detailed analysis of the global textile sector. It focuses on market dynamics, technological trends, and insights into the geographic segments and the types of process, material, and application. It also analyzes the major players in the global textile industry and the competitive landscape.

Product Category 

Industrial / Technical 

Fashion Products 

Household Material 

Type 

Cotton 

Jute 

Silk 

Synthetics 

Wool 

Process Type 

Woven 

Non-woven 

Geography 

North America 

Latin America 

Europe 

Middle East & Africa 

Asia-Pacific

Focusing on non-woven fabrics

Natural fiber composites are comparatively lighter and more durable than synthetic fibers, and thus find broad uses in the automotive industry for interior and exterior applications.

Cotton, silk, linen, wool, hemp, jute, and cashmere are natural fibers obtained from plants and animals. Such fibers are commonly used in the manufacture, among others, of clothing, footwear, building materials, medical dressings and automotive interiors.

The report covers the major players in the textile industry. In terms of market share, the companies in the global textile industry do not have a significant market share, as the market is highly competitive and fragmented.