Global Home Textile Market Synopsis

Home Textiles Market Size Was Valued at USD 126.12 Billion in 2023 and is Projected to Reach USD 211.27 Billion by 2032, Growing at a CAGR of 5.9% From 2024-2032

Home textiles are fabrics and cloths used specifically for furnishing a residence, with textiles being the products made of cloth. Home textiles are used for home decoration.

• The fabrics used in home textiles can be natural or fabricated. Synthetic materials can also be manufactured, home textiles are frequently constructed of natural fibers like Polyester, Cotton, Silk, Natural, and Synthetic. Bed linens (sheets, quilts, and blankets), curtains and drapes (including blackout curtains), upholstery (cushion covers, pillows), tablecloths, and napkins are home textiles. A home can be more welcoming by using home textiles. With the right maintenance home textiles can survive for many years
• Home textiles are increasingly being viewed as a part of a homeowner's personality and preferences. Product manufacturers have been constantly innovating in terms of designs, styles, quality, patterns, and applications to attract more consumers. Spending on interior design and house decoration has expanded as a result of the expanding real estate industry and rising standards of living.
• The market for home textiles and furnishing fabrics is extremely wide and varied in terms of prices, designs, as well as colors. With growing awareness regarding the environment, safety, hygiene, and functionality, the demand for better-quality stain-resistant and flame-retardant home textiles is increasing. 

Top Key Players:

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), Zealand SE. (Germany), PVH Corporation (USA), Lululemon Athletica (Canada), Ralph Lauren Corporation (USA), Under Armour (USA), Prada (Italy), Shenzhou International Group Holdings (China), Arvind Ltd. (India), Vardhman Textiles Ltd. (India), Raymond Ltd. (India), IKEA (SWEDEN), CISAL - Compamia Industrial Do Sisal(brazil), Industria Textile Tsuzuki(brazil), Magda Hosmer GmBH (Germany), Knockout Company (Germany), and Other Major Players

Global Home Textile Market Trend Analysis

Increasing Consumer Demands for Eco-Friendly Home Furnishing

• The home textiles market is a part of the fashion industry and the most experimented-with segment of fashion at that. Home textile fabrics made from natural fibers like cotton, wool, and linen are biodegradable, meaning they won't contribute to landfill waste or pollution. By choosing natural fibers clothing in home textiles, can reduce the environmental footprint and support sustainable practices.
• Home textiles always give a vibrant look at the surroundings and keep moods on a positive note. The perfect combination of patterns, color combinations, and texture will make the fabric very attractive. Home textiles are increasingly being viewed as a part of a homeowner's personality and preferences. Increasing consumer demand for home textiles is expected to drive market growth during the forecast period.

• Furthermore, product manufacturers have been constantly innovating in terms of designs, styles, quality, patterns, and applications to attract more consumers. Spending on interior design and house decoration has expanded as a result of the expanding real estate industry and rising standards of living.

Natural Texture

Urbanization and Housing Development

• Urbanization and housing advancement set out significant open doors for the worldwide home material market.  These Housing projects give a ready market to home material producers and providers. There is a growing demand for home textiles to furnish and decorate these newly constructed living spaces, including curtains, bedding, rugs, and upholstery. Besides, urbanization drives changes in way of life and shopper inclinations. Metropolitan inhabitants frequently try to customize and enhance their residing spaces, transforming their homes into homes.
• This pattern energizes the interest for stylishly satisfying and agreeable home material items. Purchasers in metropolitan regions are leaned towards jazzy plans, quality materials, and creative highlights in their home goods. Thus, producers have the chance to take special care of these inclinations by offering a different scope of popular and practical home material choices. Additionally, there is a tendency for urbanization to be accompanied by an increase in disposable income.
• This converts into more prominent spending on home material items, for example, lavish sheet material sets, extravagant towels, and fashioner drapes. Makers can exploit this pattern by presenting premium and top of the line home material assortments designated at metropolitan buyers who focus on quality and style.
• Additionally, urbanization encourages the expansion of retail infrastructure, such as department stores, online platforms, and stores selling home furnishings. These retail channels act as key conveyance channels for home material items, offering accommodation and openness to metropolitan customers. With the development of internet business, metropolitan inhabitants can now look for home materials from the solace of their homes, further driving business sector development. Makers can use these retail channels to arrive at metropolitan shoppers really and extend their market presence.

Higher prices may constraints the market demand

Higher competition in the brands of the market may restrain the demand of the market. There are several varieties of home textiles in the market. Sometimes consumers cannot afford home textiles due to higher prices. The fluctuations in the raw material prices also affect the final price of the product. The higher price of textiles is driving to hamper the growth of the Global Home Textile market.

Global Home Textile Market Segmentation Analysis

Global Home Textile Market segments cover the Product, Material, and Distribution Channels. By Product, Bedroom linen the segment is anticipated to dominate the Market Over the Forecast period.

• The living standards of the consumer increase the growth of the home textile market. Bedroom linen can be made of lightweight fabric and different colors and designs and different. For a better experience in bedroom linen use soft and comfortable material.  Softening is an essential step, required in the field of home textiles.
• Cotton material is the most popular fabric used for bed linen. It is soft, easy to care for, and quite affordable. Cotton bed sheets are perfect for a comfortable and restful sleep. They are made from natural fibers, and cotton sheets allow skin to breathe, keeping cool all night long.
• Manufacturers have been constantly innovating in terms of designs, styles, quality, patterns, and applications to attract more consumers. Moreover, for better reach to consumers, home textile industry manufacturers are interested in offline distribution such as supermarkets and hypermarkets. Consumers prefer to buy linen products physically for the quality check. This will turn toward market growth over the forecast period.

Home Textile Market Regional Analysis

Asia Pacific is expected to Dominate the Market over the Forecast Period

• Asia Pacific will keep growing at a notable rate during the forecast period. An increasing population in this region driving the market growth. The demand for home textiles will rise due to the need for essential home accessories.
• In Asia Pacific, growing demand for clothing is divine to increase sales each year. This is already changing the global pattern of trade and destinations of exports. For increasing global supply chains Asian manufacturers have grown into multinational ventures. These global unions are generally focused on manufacturing, serving as subcontractors for brands and buyers, but some have also successfully launched their brands.
• Additionally, prompt urbanization improved the standard of living and supported the revenue growth of the target market in the region. Furthermore, the a huge demand for modernizing interior households such as bedsheets, pillow covers, curtains, carpets, and others. This is another factor to drive the market growth in this region over the forecast period.

COVID-19 Impact Analysis Global Home Textile Market 

• Due to the pandemic, many home textile manufacturing companies have suffered losses and even shut down. A major impact was seen on the supply chain of the home textile market as the lockdown led to a decline in exports and imports of home textile products. In 2021, the home textile market rebounded because of the online trend in the market and the company's manufacturing of innovative products for the changing needs of its customers.
• Before the pandemic, the textile industry produced various kinds of fashion needs involving all its employees. Covid-19 on the textile industry from an economic perspective. Not only does it lead to declining demand, but the pandemic also causes textiles to be eliminated from society's basic needs since people shift their priorities to the food and health sectors.
• Additionally, the government must reduce imports and apply import duties to support the collaboration. The viability of the textiles, clothing, leather, and footwear industries is unraveling, as workers are told to stay at home, factories close, and global supply chains grind to a halt. The cancellation of orders has hit thousands of firms and millions of workers particularly hard.

Top key players of the Global Home Textile Market 

• 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)
• Zealand SE. (Germany)
• PVH Corporation (USA)
• Lululemon Athletica (Canada)
• Ralph Lauren Corporation (USA)
• Under Armour (USA)
• Prada (Italy)
• Shenzhou International Group Holdings (China)
• Arvind Ltd. (India)
• Vardhman Textiles Ltd. (India)
• Raymond Ltd. (India)
• IKEA (SWEDEN)
• CISAL - Compamia Industrial Do Sisal(brazil)
• Industria Textile Tsuzuki(brazil)
• Magda Hosmer GmBH (Germany)
• Knockout Company (Germany)

Key Industry Developments

• In July 2023, Laguna Fabrics, a leading circular knitting mill, partnered with Lenzing AG, manufacturer of Tencel branded lyocell fibers, and Korea's Hyosung, manufacturer of creole spandex, to launch the Natural Selection Collection. This sophisticated fabric collection is made with Tencel Lyocell and creole bio-based spandex fibre, priorities style, functionality, and environmental responsibility

• In April 2024, Welspun Living Limited (WLL), formerly known as Welspun India Limited, launched a project called 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. The project was announced in Chennai on April 22, 2024, and was intended to uplift farmers' livelihoods through sustainable agricultural practices.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. ANALYSIS OF THE IMPACT OF COVID-19
       1. Impact On The Overall Market
       2. Impact On The Supply Chain
       3. Impact On The Key Manufacturers
       4. Impact On The Pricing
       5. Post COVID Situation
   11. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   12. ECOSYSTEM
6. HOME TEXTILE MARKET BY PRODUCT (2016-2030)
   1. HOME TEXTILE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BEDROOM LINEN
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BATHROOM LINEN
   5. KITCHEN LINEN CARPETS
   6. FLOOR COVERING
   7. UPHOLSTERY
   8. OTHER
7. HOME TEXTILE MARKET BY MATERIAL (2016-2030)
   1. HOME TEXTILE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. POLYESTER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. COTTON
   5. SILK
   6. NATURAL
   7. SYNTHETIC
8. HOME TEXTILE MARKET BY DISTRIBUTION CHANNEL (2016-2030)
   1. HOME TEXTILE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SPECIALTY STORES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. SUPERMARKETS/ HYPERMARKETS
   5. E-COMMERCE
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. HOME TEXTILE Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. TRIDENT GROUP (INDIA)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. WELSPUN INDIA LTD (INDIA)
   4. GHCL LIMITED (INDIA)
   5. SUN VIM GROUP CO LTD (CHINA)
   6. SPRING GLOBAL (UNITED STATES)
   7. LOFTED (UNITED STATES)
   8. LI AND FANG LIMITED (HONG KONG)
   9. TJX COMPANIES (USA)
   10. TORAY INDUSTRIES (JAPAN)
   11. V.F. CORPORATION (USA)
   12. ZEALAND SE. (GERMANY)
   13. PVH CORPORATION (USA)
   14. LULULEMON ATHLETICA (CANADA)
   15. RALPH LAUREN CORPORATION (USA)
   16. UNDER ARMOUR (USA)
   17. PRADA (ITALY)
   18. SHENZHOU INTERNATIONAL GROUP HOLDINGS (CHINA)
   19. ARVIND LTD. (INDIA)
   20. VARDHMAN TEXTILES LTD. (INDIA)
   21. RAYMOND LTD. (INDIA)
10. GLOBAL HOME TEXTILE MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Product
       5. Historic And Forecasted Market Size By Material
       6. Historic And Forecasted Market Size By Distribution Channel
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies