The Indian textile and apparel market size reached US$ 197.2 Billion in 2023. Looking forward, the market is projected to reach US$ 592.7 Billion by 2032, exhibiting a growth rate (CAGR) of 13.01% during 2023-2032. The increasing demand for premium quality clothing and footwear items, rising number of schemes launched by the Government of India to empower weavers, and the growing ethically sourced sustainable materials represent some of the key factors driving the market.
Textile refers to various fiber-based materials made by knitting, weaving, or stitching yarns and fabrics, while apparel refers to clothing and footwear items, such as shirts, pants, coats, skirts, suits, heels, sneakers, and boots worn by adults and children. They are intricately designed by skilled weavers and are produced from cotton, linen, leather, satin, lace, crepe, chiffon, silk, and denim or a blend of various materials. They rely on handlooms and power looms and play an integral part of the fashion industry. They are also dyed with various vibrant pigments and often coated with chemicals to make them water-resistant and durable.
Apart from this, key market players are manufacturing textiles and apparel with sustainable and ethically sourced materials, such as vegan leather and plant-based faux fur, to prevent animal cruelty and reduce the implementation of unethical practices in rearing animals. They are also minimizing the use of various toxic chemicals in the textile processing and dying method to reduce water pollution in India. Additionally, the rising utilization of various silks and leather by luxury apparel brands to manufacture multiple clothing items and durable bags and footwear is propelling the growth of the market in the country.
Moreover, the growing number of e-commerce businesses and distribution channels selling premium quality fabrics and apparel online is offering a favorable market outlook. Furthermore, the increasing demand for durable and long-lasting clothing and footwear items due to the rising awareness about the harmful impacts of fast fashion on the environment is bolstering the market growth in India.
2. What is the expected growth rate of the Indian textile and apparel market during 2024-2032?
3. What are the key factors driving the Indian textile and apparel market?
4. What has been the impact of COVID-19 on the Indian textile and apparel market?
5. What is the breakup of the Indian textile and apparel market based on the raw material?
6. What is the breakup of the Indian textile and apparel market based on the application?
7. What is the breakup of the Indian textile and apparel market based on the product type?
8. What are the key regions in the Indian textile and apparel market?
9. Who are the key players/companies in the Indian textile and apparel market?
Textile refers to various fiber-based materials made by knitting, weaving, or stitching yarns and fabrics, while apparel refers to clothing and footwear items, such as shirts, pants, coats, skirts, suits, heels, sneakers, and boots worn by adults and children. They are intricately designed by skilled weavers and are produced from cotton, linen, leather, satin, lace, crepe, chiffon, silk, and denim or a blend of various materials. They rely on handlooms and power looms and play an integral part of the fashion industry. They are also dyed with various vibrant pigments and often coated with chemicals to make them water-resistant and durable.
Indian Textile and Apparel Market Trends
At present, the rising demand for textiles and apparel to manufacture premium quality clothing and footwear represents one of the key factors influencing the market positively in India. Besides this, the Government of India is undertaking initiatives to empower domestic textile manufacturers. They are consequently providing financial assistance to the weavers by launching production-linked incentive (PLI) schemes to improve the production of textiles and apparel in the country. In addition, the easy accessibility and availability of various raw materials, such as cotton, wool, and silk, in India is contributing to the growth of the market.Apart from this, key market players are manufacturing textiles and apparel with sustainable and ethically sourced materials, such as vegan leather and plant-based faux fur, to prevent animal cruelty and reduce the implementation of unethical practices in rearing animals. They are also minimizing the use of various toxic chemicals in the textile processing and dying method to reduce water pollution in India. Additionally, the rising utilization of various silks and leather by luxury apparel brands to manufacture multiple clothing items and durable bags and footwear is propelling the growth of the market in the country.
Moreover, the growing number of e-commerce businesses and distribution channels selling premium quality fabrics and apparel online is offering a favorable market outlook. Furthermore, the increasing demand for durable and long-lasting clothing and footwear items due to the rising awareness about the harmful impacts of fast fashion on the environment is bolstering the market growth in India.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the Indian textile and apparel market report, along with forecasts at the country and state level from 2024-2032. The report has categorized the market based on raw material, application and product type.Raw Material Insights:
- Natural Fibres
- Man-Made Fibres
Application Insights:
- Clothing Textiles
- Technical Textiles
- Fashion Textiles
- Home-Décor Textiles
- Other Textiles
Product Type Insights:
- Yarn
- Fabric
- Fibre
- Others
State Insights:
- Maharashtra
- Uttar Pradesh
- Tamil Nadu
- Gujarat
- Karnataka
- Others
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the Indian textile and apparel market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Welspun Group, Vardhman Group, Alok Industries Limited, Raymond limited, Bombay Dyeing, and Garden Silk Mills Limited. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the Indian textile and apparel market in 2023?2. What is the expected growth rate of the Indian textile and apparel market during 2024-2032?
3. What are the key factors driving the Indian textile and apparel market?
4. What has been the impact of COVID-19 on the Indian textile and apparel market?
5. What is the breakup of the Indian textile and apparel market based on the raw material?
6. What is the breakup of the Indian textile and apparel market based on the application?
7. What is the breakup of the Indian textile and apparel market based on the product type?
8. What are the key regions in the Indian textile and apparel market?
9. Who are the key players/companies in the Indian textile and apparel market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Textile and Apparel Market
6 India Textile and Apparel Market
7 Market Breakup by States
8 Market Breakup by Raw Material
9 Market Breakup by Application
10 Market Breakup by Product Type
11 Competitive Landscape
12 Textile and Apparel Manufacturing Process
13 Profile of Key Players
List of Figures
List of Tables
Companies Mentioned
- Welspun Group
- Vardhman Group
- Alok Industries Limited
- Raymond Limited
- Bombay Dyeing
- Garden Silk Mills Limited
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 118 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 197.2 Billion |
Forecasted Market Value ( USD | $ 592.7 Billion |
Compound Annual Growth Rate | 13.0% |
Regions Covered | India |
No. of Companies Mentioned | 6 |