Textile Market size is forecast to reach US$374.1 billion by 2026, after growing at a CAGR 4.2% during 2021-2026. Globally, the rising demand for apparel from the fashion sector, as well as the rise of e-commerce platforms is expected to drive the Textile Market growth. There is an increasing demand for nonwoven geotextiles over geocells and geogrids for constructing roads, pavements, buildings, and dams as it has more absorption capacity. With growing geotextiles demand for new applications are providing spun bonded polyester nonwoven market growth opportunities. Furthermore, the increasing R&D investmentsto expand the scope of application of nonwoven fabrics is estimated to drive the growth of the textile industry over the forecast period.

According to European Disposables and Nonwovens Association (EDANA), around 750 sq.km of nonwoven geotextiles are manufactured and sold every year, 60% of which are used in the construction of roads. According to the Ministry of Textiles, in 2019, India had 40 geotextiles projects for roads, water reservoirs, and slope stabilization. Apart from construction, geotextile is now gaining popularity in other applications such as mining, oil drilling sites, shale gas, and others. The usage of geotextile tubes is steadily increasing in the marine coast, as these are used for preventing the coastal erosion that occurred due to the rise in the level of the oceans and seas because of the increasing temperature. For instance, the government has installed geotextile tubes along the Bay of Bengal coastline, the coastal areas of Malad, Mumbai, along the Uppada Sea Wall, Andhra Pradesh and in other coastal areas in India. Geotextiles can prevent adjacent soil layers or fill materials from intermixing. In filtration applications, nonwoven geotextiles are used to retain soil particles while allowing the passage of liquids through the filter media. These benefits of geotextile are encouraging the players to develop geotextile systems for particular applications. For instance, in October 2015, Huesker had launched the SoilTain Protect geotextile system for the international mining community. Several institutes, organizations, and associations are collaborating with the companies for the installation of the geotextile tubes. For instance, in September 2017, the National Agricultural Research and Extension Institute (NAREI) had signed a $13.8M contract with Samaroo Investment for the installation of geotextiles tubes. The contract includes the installation of the 100m geotextiles tubes to form groynes along the foreshore at Reliance, Essequibo. The demand for nonwoven geotextiles for these applications is expected to increase at a faster rate in the coming years, which will further provide the overall textiles market various opportunities.

Asia Pacific dominated the textile market in terms of revenue with a share of 36% in 2020 and is projected to dominate the market during the forecast period (2021-2026). As the newly emerging technological industry becomes the main axis of the developing economy in emerging economies, the textile industry still plays an important role in the traditional sector. Moreover, on the downstream and upstream segments, a total of 1,195 textile and apparel projects worth RM12.6 billion (US$ 3.02 million) combined were implemented as of December 2018. For the first half of 2019, MIDA approved an additional investment of RM94.4 million (US$ 22.6 million) for five projects, with RM120 million (US$ 28.8 million) still in the pipeline. Such investments by the Government of Malaysia have promoted the growth of the market. Thus, rising government investments will further drive the market growth for textiles during the forecast period.

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Textile Market Growth Drive

Growing demand of spunbonded polyester nonwoven across different applications.

Spunbonded polyester is finding lot of applications in filtration, automotive, construction, agriculture, landscape system, leather goods, and so on. Spunbonded polyester is also a good printing media, so the manufacturers use this nonwoven product to produce shopping bags, garbage bags, storage bag, and products packaging bags. Outdoor billboards, street banners, calendar printing, various kinds of tents, table cover, curtain, envelop, gift bag, book cover, wall covering and so on are the applications served by the product. In addition, polyester spunbond nonwoven fabric is being widely used as various kinds of packaging materials such as desiccant packaging of silica-gel drier, carbon absorbents etc. Polyester spunbond nonwoven fabric has very good strength, excellent air permeability and absorbs the moisture. Since it is anti-tear and anti-pull, it is also a perfectly protecting inside material. Spunbonded polyester also finds number of applications in medical and agriculture products. The growing demand of spunbonded polyester nonwoven application across various numbers of industries will increase the growth of the textiles market.

R&D Investment:

  • Exploring new technology platforms and production techniques and applying them in the product development process gives the players of textiles the opportunity to create improved product solutions that enable customers to stay at the forefront of their industries.  
  • In 2019, Freudenberg Nonwovens invested €480.9 million ($538.35 million) in research and development, from €444.3 million ($524.69 million) previous year. The objective of all innovation activities of Freudenberg is to constantly expand and renew the portfolio of products. In addition, Fiber web India Ltd invested $2030.6 million in research and development last year. 
  • In addition, various research institutes and organizations such as (INDA) Association of the Nonwoven Fabrics Industry, The Nonwovens Institute (NWI), Massachusetts Institute of Technology, and so on, are also continuously carrying research and developments to build next-generation nonwoven applications.
  • Therefore, the continuous investment by the players and organizations in research and development to expand the scope of application of nonwoven fabrics is creating opportunities for the textiles market.

The Major Players in this Market Include

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the textile market. Major players in the textile market are Lenzing, Aditya Birla Group, Sanyou Chemical Industries Co., Sateri, Fulida Group, Aoyang Technology Co. Ltd., Shandong Yamei, Asahi-Kasei, Indorama, Mitsubishi Rayon Co., Ltd, Toray Industries, DuPont, and Others. In May 2020,The Johns Manville plant in Spartanburg, South Carolina, started production, to make nonwoven fabric that will be used for manufacturing of urgently needed disposable medical gowns used in the fight against the spread of COVID-19. The new polyester spunbond nonwoven is designed for the production of Level 3 medical gowns.

The demand for textile products abroad and domestic sales gradually declined to a grinding halt due to the panic situation created by the COVID-19 outbreak. Due to the lockdown, all sorts of textile-related factories were shut down. Also, cash crunch, supply chain disturbance, and manpower-related issues affected the market for textiles. The fashion industry was facing calls to step in and protect the wages of over 40 million garment workers in their supply chains around the world who faced destitution as factories closed and orders dried up in the wake of the Covid-19 epidemic. Due to COVID-19 pandemic, the textile industry of various developing countries had experienced huge loss, which reduced demand of fabrics, and thus affected the growth of the market till the second quarter of 2021.

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