Asia Textile Market Growth, Size, Trends, Revenue, Share, Demand, Challenges and Future Outlook
Asia Textile Market Size- By Material, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: FMCG23100 | Pages: 1 - 153 | Formats*: |
| Category : Consumer & Retail | |||
Asia Textile Market Introduction and Overview
According to SPER Market Research, the Asia Textile Market is estimated to reach USD 495.79 billion by 2033 with a CAGR of 2.76%.
The report includes an in-depth analysis of the Asia Textile Market, including market size and trends, product mix, distribution channels, and supplier analysis. The textile sector primarily deals with designing, producing, and distributing textiles, which encompass materials such as yarn, fabric, and clothing. These textiles can be derived from either natural sources or synthetically manufactured using chemical industry products.
- May 2022: Texhong has announced its intention to set up a significant facility in Vietnam, aiming to significantly increase its fabric production capacity. This strategic decision is made with the aim of enhancing the company's cotton-based yarn operations.
- May 2022: LANXESS and Advent International have signed a deal to buy the DSM Engineering Materials business (DEM) from Royal DSM for approximately EUR 3.7 billion, to become part of their joint venture. The DEM business has sales of approximately EUR 1.5 billion and an EBITDA margin of roughly 20 percent, with financing coming from Advent and external debt.
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Market Opportunities and Challenges
- Opportunities: Rapid Urbanization: Asia's ongoing urbanization trend, with the migration of people from rural to urban areas, has led to increased demand for textiles in construction, home furnishings, and urban infrastructure development.
- Growing Middle Class: The expansion of the middle-class population in Asia has resulted in higher disposable incomes, driving demand for fashion, apparel, and lifestyle textiles.
- Challenges: Intense Competition: Asia's textile market is highly competitive, with numerous players vying for market share, which can lead to price wars and margin pressures.
- Supply Chain Disruptions: The COVID-19 pandemic exposed vulnerabilities in supply chains, highlighting the need for robust contingency planning and risk management.
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Market Competitive Landscape
The textile market in the Asia-Pacific region is characterized by intense competition and fragmentation. Key players include Shenzhou International Group, Weiqiao Textile, Texhong Textile Group, Arvind Ltd, and Bombay Dyeing and Manufacturing Company Ltd. While many local companies traditionally operated within their regions, technological advancements and increased internet and e-commerce usage have expanded market reach, even during challenging periods. Additionally, market consolidation through mergers, partnerships, and acquisitions is a strategic approach for companies to establish a solid presence in this competitive landscape.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Material, By Application |
| Regions covered | Australia, Bangladesh, China, India, Pakistan and rest of Asia-Pacific |
| Companies Covered | Arvind Ltd, Bombay Dyeing and Manufacturing Company Ltd, Bombay Rayon Fashions Ltd, Cotton Corporation of India, Fabindia Overseas Pvt Ltd, Raymond Ltd, Texhong Textile Group, Vardhman Textiles Ltd, Weiqiao Textile, Others |
COVID-19 Impact on Asia Textile Market
The textile industry has faced substantial adversity and suffering due to the COVID-19 crisis, impacting brands, manufacturers, and workers at various levels. This pandemic has unveiled significant weaknesses in garment supply chains and highlighted how sourcing choices can affect supplier factories and their labour force. Given that a significant portion of global garment production occurs in Asia, this region continues to bear the brunt of the negative consequences cascading throughout the supply chain.
Key Target Audience
- Consumers
- Fashion Designers and Brands
- Retailers and Distributors
- Textile Machinery Manufacturers
- Textile Manufacturers
- Textile Raw Material Suppliers
- Textile Testing and Certification Services
- Trade Associations
- Others
Our in-depth analysis of the Asia Textile Market includes the following segments:
| By Material: |
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| By Application: |
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Key Topics Covered in the Report
- Asia Textile Market Size (FY’2023-FY’2033)
- Overview of Asia Textile Market
- Segmentation of Asia Textile Market By Material (Cotton, Jute, Silk, Synthetics, Wool)
- Segmentation of Asia Textile Market By Application (Clothing, Household, Industrial and Technical, Other Applications)
- Statistical Snap of Asia Textile Market
- Expansion Analysis of Asia Textile Market
- Problems and Obstacles in Asia Textile Market
- Competitive Landscape in the Asia Textile Market
- Impact of COVID-19 and Demonetization on Asia Textile Market
- Details on Current Investment in Asia Textile Market
- Competitive Analysis of Asia Textile Market
- Prominent Players in the Asia Textile Market
- SWOT Analysis of Asia Textile Market
- Asia Textile Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia Textile Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Textile Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Textile Market
7. Asia Textile Market, By Material (USD Million)
7.1. Asia Textile Market Value Share and Forecast, By Material, 2023-20337.2. Cotton7.3. Jute7.4. Silk7.5. Synthetics7.6. Wool
8. Asia Textile Market, By Application (USD Million)
8.1. Asia Textile Market Value Share and Forecast, By Application, 2023-20338.2. Clothing8.3. Household8.4. Industrial and Technical8.5. Other Applications
9. Asia Textile Market Forecast, 2019-2033 (USD Million)
9.1. Asia Textile Market Size and Market Share
10. Asia Textile Market, By Material, 2019-2033 (USD Million)
10.1. Asia Textile Market Size and Market Share By Material (2019-2026)10.2. Asia Textile Market Size and Market Share By Material (2027-2033)
11. Asia Textile Market, By Application, 2019-2033 (USD Million)
11.1. Asia Textile Market Size and Market Share By Application (2019-2026)11.2. Asia Textile Market Size and Market Share By Application (2027-2033)
12. Asia Textile Market, By Region, 2019-2033 (USD Million)
12.1. Asia Textile Market Size and Market Share By Region (2019-2026)12.2. Asia Textile Market Size and Market Share By Region (2027-2033)12.3. Australia12.4. Bangladesh12.5. China12.6. India12.7. Pakistan12.8. Rest of Asia-Pacific
13. Company Profile
13.1. Arvind Ltd
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Bombay Dyeing and Manufacturing Company Ltd
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Bombay Rayon Fashions Ltd
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Cotton Corporation Of India
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Fabindia Overseas Pvt Ltd
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Raymond Ltd
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Texhong Textile Group
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Vardhman Textiles Ltd
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Weiqiao Textile
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Textile Market is projected to reach USD 495.79 billion by 2033, growing at a CAGR of 2.76% during the forecast period.
Asia Textile Market grew in market size from 2022. The Market is expected to reach USD 495.79 billion by 2033, at a CAGR of 2.76% during the forecast period.
Asia Textile Market CAGR of 2.76% during the forecast period.
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Asia Textile Market size is USD 495.79 billion from 2023 to 2033.
Asia Textile Market Segment is covered By Material, By Application.
The Asia-Pacific is anticipated to have the highest market share in the Asia Textile Market.
The key players in the market include Companies Covered Arvind Ltd, Bombay Dyeing and Manufacturing Company Ltd, Bombay Rayon Fashions Ltd, Cotton Corporation of India, Fabindia Overseas Pvt Ltd, Raymond Ltd, Texhong Textile Group, Vardhman Textiles Ltd, Weiqiao Textile, Others.
The textile sector primarily deals with designing, producing, and distributing textiles, which encompass materials such as yarn, fabric, and clothing. These textiles can be derived from either natural sources or synthetically manufactured using chemical industry products.
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