GITNUX MARKETDATA REPORT 2024

Textile Industry Statistics

Textile industry statistics provide key insights into production, employment trends, trade, and economic impact of the textile sector.

Statistic 1

The United States textile industry is a nearly USD 70 billion business.

Statistic 2

The global textile industry is expected to grow at a CAGR of 4.4% from 2021 to 2028.

Statistic 3

The average American throws away approximately 81 pounds of clothing and textiles each year.

Statistic 4

The growing e-commerce sector has significantly boosted demand for textiles, particularly for the home textiles segment, which saw a 32% increase in 2020.

Statistic 5

The textile industry in Pakistan contributes 60% to the country's total exports.

Statistic 6

The technical textiles segment represents 25% of the global textile market.

Statistic 7

In the EU, the consumption of textiles generates the fourth-highest pressure on the environment and climate change, after food, housing, and transport.

Statistic 8

The textile sector accounts for around 14% of the total industrial production in India.

Statistic 9

The global market for recycled textile fibers is projected to reach USD 7.6 billion by 2026.

Statistic 10

Vietnam's textile and apparel exports were worth USD 39 billion in 2019.

Statistic 11

The textile industry is the third-largest polluter of water globally.

Statistic 12

Bangladesh is the world's second-largest apparel exporter, accounting for 6.3% of global market share.

Statistic 13

The Indian textile industry contributes 2.3% to India's GDP.

Statistic 14

The textile industry is responsible for about 10% of global carbon emissions.

Statistic 15

Cotton accounts for about 39% of the world's total fiber production.

Statistic 16

The European textile and clothing industry employs around 1.7 million people.

Statistic 17

The global textile market was valued at approximately USD 1.2 trillion in 2020.

Statistic 18

The organic textile market is set to grow by USD 2.22 billion from 2020 to 2024.

Statistic 19

In 2017, workers in the textile industry experienced a higher rate of occupational injuries, 3.7 cases per 100 full-time workers, compared to the national average of 2.8 cases.

Statistic 20

China is the largest exporter of textiles, with exports valued at around USD 266 billion in 2020.

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In this post, we will explore various key statistics surrounding the textile industry, shedding light on its global impact, market size, environmental footprint, and more. From the immense value of the United States textile industry to the concerning rate of occupational injuries among textile workers, we will delve into the multifaceted landscape of this essential sector.

Statistic 1

"The United States textile industry is a nearly USD 70 billion business."

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Statistic 2

"The global textile industry is expected to grow at a CAGR of 4.4% from 2021 to 2028."

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Statistic 3

"The average American throws away approximately 81 pounds of clothing and textiles each year."

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Statistic 4

"The growing e-commerce sector has significantly boosted demand for textiles, particularly for the home textiles segment, which saw a 32% increase in 2020."

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Statistic 5

"The textile industry in Pakistan contributes 60% to the country's total exports."

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Statistic 6

"The technical textiles segment represents 25% of the global textile market."

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Statistic 7

"In the EU, the consumption of textiles generates the fourth-highest pressure on the environment and climate change, after food, housing, and transport."

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Statistic 8

"The textile sector accounts for around 14% of the total industrial production in India."

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Statistic 9

"The global market for recycled textile fibers is projected to reach USD 7.6 billion by 2026."

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Statistic 10

"Vietnam's textile and apparel exports were worth USD 39 billion in 2019."

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Statistic 11

"The textile industry is the third-largest polluter of water globally."

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Statistic 12

"Bangladesh is the world's second-largest apparel exporter, accounting for 6.3% of global market share."

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Statistic 13

"The Indian textile industry contributes 2.3% to India's GDP."

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Statistic 14

"The textile industry is responsible for about 10% of global carbon emissions."

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Statistic 15

"Cotton accounts for about 39% of the world's total fiber production."

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Statistic 16

"The European textile and clothing industry employs around 1.7 million people."

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Statistic 17

"The global textile market was valued at approximately USD 1.2 trillion in 2020."

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Statistic 18

"The organic textile market is set to grow by USD 2.22 billion from 2020 to 2024."

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Statistic 19

"In 2017, workers in the textile industry experienced a higher rate of occupational injuries, 3.7 cases per 100 full-time workers, compared to the national average of 2.8 cases."

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Statistic 20

"China is the largest exporter of textiles, with exports valued at around USD 266 billion in 2020."

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Interpretation

The textile industry's vast global presence is marked by significant diversities and complexities, from substantial economic contributions to environmental impact and employment figures. As the industry experiences remarkable growth in various regions, such as the United States, Pakistan, and India, it also faces pressing challenges like environmental sustainability and occupational safety. The statistics paint a vivid picture of a dynamic sector poised for continued expansion and transformation, especially with trends like e-commerce driving demand and innovations in recycled fibers gaining momentum. Balancing economic prosperity with environmental responsibility will be crucial for the textile industry's long-term viability and competitiveness in the global market.

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