India Textile Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 4.20% (2024-2032)

The Indian textile market is a vibrant and dynamic sector, renowned for its rich heritage, diverse offerings, and growing global presence. According to the latest report by IMARC Group, the India textile market size reached US$ 141.46 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 210.22 Billion by 2032, exhibiting a growth rate (CAGR) of 4.20% during 2024-2032. 

India Textile Industry Trends and Drivers:

A combination of factors such as rich cultural heritage, increasing domestic consumption, as well as rising export demand are responsible for the growth of the India textile market. Additionally, the market is propelling owing to the support by government authorities through initiatives like the Production Linked Incentive (PLI) Scheme and the Integrated Textile Parks Scheme, which has significantly boosted the development, encouraging investments in modernization and expansion. Besides this, the growing preference for natural and organic fibers, such as cotton, silk, and wool, reflects the increasing awareness of sustainable and eco-friendly practices. India’s robust apparel industry, coupled with its strong presence in home textiles and technical textiles, contributes significantly to the global market. The expanding middle class and rising disposable incomes have further increased demand for high-quality and branded textiles, fostering growth across the industry.

A significant trend in the India textile market is the adoption of advanced technologies and innovation to enhance production efficiency and product quality. Digital printing and automation are streamlining manufacturing processes, reducing waste, and improving precision. The emergence of smart textiles, which incorporate wearable technology for healthcare and fitness, is also gaining traction. Furthermore, the shift towards sustainable practices is encouraging the use of recycled fibers, water-saving dyeing methods, and eco-friendly chemicals. E-commerce and online retail platforms have transformed the buying behavior of consumers, offering greater accessibility to diverse textile products, including customized and premium options. Apart from this, collaborations between Indian manufacturers and global brands, are bolstering export opportunities and strengthening positions in the global textile supply chain, which is anticipated to drive India textile market over the forecasted period.

Grab a sample PDF of this report: https://www.imarcgroup.com/india-textile-market/requestsample

India Textile Industry Segmentation:

The report has segmented the market into the following categories:

Product Insights:

• Natural Fibers
• Polyesters
• Nylon
• Others

Raw Material Insights:

• Cotton
• Chemical
• Wool
• Silk
• Others

Application Insights:

• Household
• Technical
• Fashion and Clothing
• Others

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145