According to a new report published by Introspective Market Research, titled, “Home Textile Market by Product, Material, and Distribution Channels: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the global Home Textile market size was valued at $ 126.12 Billion in 2023, and is projected to reach $ 211.27 Billion by 2032, registering a CAGR of 5.9 % from 2024 to 2032. Textiles are goods made of cloth, and home textiles are fabrics and cloths used especially for furnishing a home. Textiles for the home are used to decorate it. Natural or synthetic materials can be used to make home textiles. Although synthetic materials are also produced, natural fibers like polyester, cotton, silk, and synthetic are commonly used to make household textiles. Home textiles include tablecloths, napkins, upholstery (cushion covers, pillows), curtains and drapes (including blackout curtains), and bed linens (sheets, quilts, and blankets). The use of home textiles can make a house feel cozier. Home textiles can last for many years with the correct care.
The perception of home textiles as an extension of a homeowner's style and character is growing. To draw in more customers, product producers have been continuously innovating in terms of designs, styles, quality, patterns, and applications. The growing real estate market and rising standards of living have led to an increase in spending on interior design and home décor.
The fashion industry includes the home textiles market, which is the most experimental subset of the industry. Natural fibers like cotton, wool, and linen can be used to make biodegradable home textile materials that won't add to pollution or landfill garbage. Selecting apparel made of natural fibers for your house will help you support sustainable methods and lessen your impact on the environment. Home textiles always provide a lively impression of the surroundings and uplift people's spirits. The cloth will look quite appealing if the patterns, colors, and textures are all perfectly combined.
Urbanization and housing development have created large opportunities for the global home material market. Producers and suppliers of home materials have a ready market thanks to these housing initiatives. The need for upholstery, rugs, bedding, and curtains, among other home textiles, is rising as these newly built living areas are furnished and decorated. In addition, changes in lifestyle and consumer preferences are brought about by urbanization. Urban residents often want to personalize and improve their living environments, turning houses into homes.
Global Home Textile Market, Segmentation
The Home Textile market is segmented on the basis of Product, Material, Distribution Channels, and region.
Product:
The Product segment is further classified into Bedroom Linen, Bathroom Linen, Kitchen Linen Carpets, Floor Covering, Other {Upholstery, Curtains &Drapes}. Among these, the Bedroom linen sub-segment accounted for the highest market share in 2023. The consumer's standard of life contributes to the home textile market's growth. Lightweight cloth in a variety of hues and patterns can be used to make bedroom linens. Use cozy and soft materials for your bedroom linens for a better experience. In the realm of home textiles, softening is a necessary step.
Material:
The Material segment is further classified into Polyester, Cotton, Silk, Natural, Synthetic. Among these, the Polyester sub-segment is anticipated to show the fastest growth by 2032. Polyester is a key material in the home textile market due to its durability, affordability, and versatility. It is extensively used in various home textile products such as bedding, curtains, upholstery, and rugs. Polyester's resistance to wear and tear makes it an attractive choice for consumers looking for long-lasting home decor solutions. Additionally, innovations in polyester production, such as the development of recycled polyester fibers, are catering to the growing demand for eco-friendly products.
Region:
The Home Textile market in Asia-Pacific is projected to show the fastest growth by 2032. Asia Pacific's growth will continue to be noteworthy during the projection period. The growth of the industry is being driven by the region's growing population. The requirement for necessary home furnishings will increase demand for textiles for the house. Growing demand for apparel is a great way to boost sales every year in Asia Pacific. The global commerce pattern and export destinations are already being altered by this. Asian manufacturers have expanded into international corporations in response to the expansion of global supply chains. Although some of these international unions have successfully created their own brands, their primary concentration is production, where they operate as subcontractors for buyers and brands.
Some of the leading Home Textile market players are
- Trident Group (India)
- Welspun India Ltd (India)
- GHCL Limited (India)
- Sun Vim Group co ltd (china)
- Spring Global (United States)
- Lofted (United States)
- LI and fang limited (Hong Kong)
- TJX Companies (USA)
- Toray Industries (Japan)
- V.F. Corporation (USA), and Other Active Players.
Key Industry Developments
- In April 2024, Welspun Living Limited (WLL), previously known as Welspun India Limited, launched a project named Wel-Krishi to promote sustainable cotton cultivation. The project aimed to support and train farmers to improve their income by enhancing productivity and reducing input costs. According to Dipali Goenka, the CEO and Managing Director of Welspun Living Limited, the initiative helped farmers produce better quality cotton while cutting their expenses.
- In December 2023, Toray Industries, Inc. announced that it had concluded an agreement with Yoshida Co. to jointly create materials for Tanker bags using Ecodear N510, a 100% plant-based nylon fiber. Yoshida’s Porter brand, known for its flagship Tanker line established 40 years ago, would incorporate this innovative fiber. Ecodear N510 features 100% biobased synthetic polymer content, adhering to the standards defined under section 3.1.5 of ISO 16620-1: 2015, the international standard for the biobased content of plastics.
Key Findings of the Study / Key Industry Developments.
- Bedroom Linen held the highest market share in 2023.
- Polyester expected fastest growth by 2032 due to durability, affordability, and versatility.
- New housing projects increase demand for home furnishings.
