Global Home Textile Market Synopsis

Home Textiles Market Size Was Valued at USD 119.09 Billion in 2022 and is Projected to Reach USD 188.38 Billion by 2030, Growing at a CAGR of 5.9% From 2023-2030

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

Home Textile Market

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

  • Natural materials like linen, wool, and wood immediately lend an organic, vibrant quality to any home. The natural connection is especially apparent from last year's DIY boom, with many walls now adorned by macramé – decorative art made by knotting wool. Cushions and blankets made of woven and braided wool in muted cream tones also create a natural look.
  • Organic patterns and structures inspired by nature are now a must in every home. But even small accessories and decorative elements like floral cushions or blankets on a monochrome sofa or armchair can have a big impact. Combined with light hues and patterns, the overall result is a harmonious interplay of colors and textures.
  •  Alongside floral textiles, upholstered furniture with geometric prints is a trend that demands the courage to be different. Large and small geometric patterns add depth to any material and are an artful way of bringing life into the home.
  • In 2023 Laguna Fabrics, a leading circular knitting mill, has partnered with Lenzing AG, manufacturer of Tencel branded lyocell fibers, and Korea's Hyosung, manufacturer of creora spandex, to launch the Natural Selection Collection. This sophisticated fabric collection made with Tencel Lyocell and creole bio-based spandex fiber, prioritizes style, functionality, and environmental responsibility.

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 March 2022, Toray Developed an Eco-Friendly Textile Incorporating Teflon. low-friction polytetrafluoroethylene fiber. The new textile retains the outstanding friction resistance of fluoropolymers. Toray tests found that the slide durability is 25 times greater than that of existing counterparts, with friction dropping by more than 50%. The new textile should reduce slide areas owing to its performance benefits and a higher surface pressure while enabling miniaturization and weight reductions.
  • In April 2022, Indo Count completes the acquisition of GHCL’s Home Textile business on a going concern basis by way of a slump sale and acquisition of specified assets of Grace Home Fashions LLC ("GHF"), US subsidiary of GHCL for an all-cash consideration of Rs. 592.8 crores. Excited about the pace at which progress toward strengthening the brand into an end-to-end bedding solution provider for Global and domestic markets.

Global Home Textile Market

 

Base Year:

2022

Forecast Period:

2023-2030

 

Historical Data:

2016 to 2022

Market Size in 2022:

USD 119.09 Bn.

 

Forecast Period 2022-30 CAGR:

5.9%

Market Size in 2030:

USD 188.38 Bn.

 

Segments Covered:

By Product

  • Bedroom Linen
  • Bathroom Linen
  • Kitchen Linen Carpets
  • Floor Covering
  • Other
 

By Material

  • Polyester
  • Cotton
  • Silk
  • Natural
  • Synthetic
 

By Distribution channel

  • Specialty Stores
  • Supermarkets & Hypermarkets
  • E-Commerce
 

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Russia, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)
 
 

Key Market Drivers:

  • Increasing Consumer Demands for Eco-Friendly Home Furnishing
 

Key Market Restraints:

  • Higher prices may constraints the market demand
 

Key Opportunities:

  • Natural Texture
 

Companies Covered in the report:

  • Trident Group (India), Welspun India Ltd (India), GHCL Limited (India), Sun Vim Group Co. Ltd (china), Spring Global (United States), Other major players.
 
  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

Global Home Textile Market

 

Base Year:

2022

Forecast Period:

2023-2030

 

Historical Data:

2016 to 2022

Market Size in 2022:

USD 119.09 Bn.

 

Forecast Period 2022-30 CAGR:

5.9%

Market Size in 2030:

USD 188.38 Bn.

 

Segments Covered:

By Product

  • Bedroom Linen
  • Bathroom Linen
  • Kitchen Linen Carpets
  • Floor Covering
  • Other
 

By Material

  • Polyester
  • Cotton
  • Silk
  • Natural
  • Synthetic
 

By Distribution channel

  • Specialty Stores
  • Supermarkets & Hypermarkets
  • E-Commerce
 

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Russia, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)
 
 

Key Market Drivers:

  • Increasing Consumer Demands for Eco-Friendly Home Furnishing
 

Key Market Restraints:

  • Higher prices may constraints the market demand
 

Key Opportunities:

  • Natural Texture
 

Companies Covered in the report:

  • Trident Group (India), Welspun India Ltd (India), GHCL Limited (India), Sun Vim Group Co. Ltd (china), Spring Global (United States), Other major players.
 
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Frequently Asked Questions :

What would be the forecast period in the Home Textile Market research report?

The forecast period in the Home Textile Market research report is 2023-2030.

Who are the key players in the 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), and Other major players.

What are the segments of the Home Textile Market?

The Home Textile Market is segmented into Product Type, Material, Distribution channel, and region. By Product Type, the market is categorized into Bedroom Linen, Bathroom Linen, Kitchen Linen Carpets, Floor Covering, and Others. By Material, the market is categorized into Polyester, Cotton, Silk, Natural, and Synthetic. By Distribution channel, the market is categorized into Specialty Stores, Supermarkets and hypermarkets, and E-Commerce. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Russia, Rest of Eastern Europe), Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe),  Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Home Textile Market?

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

How big is the Home Textile Market?

Home Textiles Market Size Was Valued at USD 119.09 Billion in 2022 and is Projected to Reach USD 188.38 Billion by 2030, Growing at a CAGR of 5.9% From 2023-2030