Mexico Home Textile Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The home textile industry in Mexico is a diversified and integrated sector that has been growing stronger in the past few years. Focusing on technology and innovation is one of the strategies for Mexican home textile manufacturers to survive the competition from other developing nations. Furthermore, a better number of retail openings and online portals are backing to the development of the market for home textiles. The competitive labor costs and geographic proximity to the US have made Mexico one of the largest textile trading partners of the US. The growth in the home textiles is supported by the growing household income, increasing population, rising income levels, and increasing rate of urbanization.

Key Market Trends

Rise in Population is Driving the Market

The growing population has been a key driver of home textile consumption growth in the country. Increasing urbanization and the young population along with rising per capita income will further aid in market expansion. Improving standards of living result in an increasing number of people residing in their separate homes and have in recent times propelled the home textile market. An increase in the Urban population is expected to support higher growth due to changes in fashion and trends. The rise in the working women population, housing boom in the past few years, and increasing interest among consumers to dress up their homes is accountable for the maturing market of home textiles.

Growing Bed Linen and Bed Spread Segment

Bed linen includes bedspreads, blankets, mattresses, mattress covers, pillows, duvets, duvet covers, and bed covers, among others. It also includes bathrobes, bath towels, and bathmats, among others. Bed linen accounted for the highest market share. A key reason responsible for increased spending on bed linen is the growing awareness of the numerous physical and mental benefits offered by good sleeping. This has encouraged manufacturers to offer new and improved quality products with attractive designs.

Competitive Landscape

The report covers major international players operating in the Mexico home textile market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support