GITNUX MARKETDATA REPORT 2024

Textiles Industry Statistics

Textiles Industry Statistics provide valuable insights into production, sales, employment, and other key metrics within the textile manufacturing sector.

Highlights: Textiles Industry Statistics

  • The global textile market size was valued at USD 961.5 billion in 2019.
  • The textile market is projected to reach USD 1,237.1 billion by 2027.
  • The compound annual growth rate for the textile industry is predicted to be 4.3% from 2020 to 2027.
  • India is the world's second largest exporter of textiles and garments.
  • The textile industry in China is projected to reach an approximate USD 1.7 trillion in market size by 2025.
  • Bangladesh is the second largest apparel exporter in the world, just behind China.
  • The textile and clothing industry is a diverse one, as much in terms of the raw materials, products and processes as in the number of countries around the globe who contribute to its huge scale. It employs over 60 million people globally.
  • The global textile industry produces about 60 billion kilograms of fabric annually.
  • Approximately 20% of industrial water pollution is due to textile manufacturing.
  • The global textile industry wastes an estimated 25% of the chemicals it uses, including harmful toxins and dyes.
  • Over 90% of all cotton is genetically modified, using vast amounts of water as well as chemicals.
  • Vietnam's textile and garment industry is predicted to expand by 12% in 2022, reaching $46 billion.
  • The garments, textiles and apparels industry in India is expected to reach USD 223 billion by 2021.
  • Approximately 75% of the world's clothing is made from cotton or polyester, both of which are produced in large quantities by the textile industry.
  • The textiles sector is the second largest employer in India, after agriculture, providing employment to over 45 million people directly and 60 million people indirectly.
  • The global digital textile printing market was valued at $2.2 billion in 2019, expected to grow at a CAGR of 8% from 2021 to 2028.
  • The total contribution of the U.S. cotton industry to the annual U.S economy is estimated at over $100 billion.

Table of Contents

The Latest Textiles Industry Statistics Explained

The global textile market size was valued at USD 961.5 billion in 2019.

This statistic indicates that the total value of the global textile market in 2019 was USD 961.5 billion, representing the total revenue generated by the textile industry worldwide during that year. The value highlights the significant economic impact and scale of the textile industry, encompassing various sectors such as clothing, home textiles, and industrial textiles. This figure serves as a key indicator of the industry’s size and importance on a global scale, reflecting the demand for textiles and related products across different regions and market segments in the year 2019.

The textile market is projected to reach USD 1,237.1 billion by 2027.

The statistic states that the textile market is expected to grow and reach a total market value of USD 1,237.1 billion by the year 2027. This projection indicates a significant increase in the size and value of the textile industry over the coming years, highlighting the potential for expansion and investment opportunities within the market. Factors driving this growth may include rising demand for textiles across various industries, technological advancements in textile manufacturing processes, and changing consumer preferences towards sustainable and eco-friendly textiles. The projected value serves as a valuable indicator for stakeholders, investors, and industry professionals who can leverage this information to make informed decisions and strategies for capitalizing on the growth prospects within the textile market.

The compound annual growth rate for the textile industry is predicted to be 4.3% from 2020 to 2027.

The compound annual growth rate (CAGR) of 4.3% for the textile industry from 2020 to 2027 indicates the average annual growth rate over this period when taking into account the effects of compounding. This statistic suggests that the textile industry is expected to experience steady and consistent growth during these years. A CAGR of 4.3% implies that the industry is projected to expand by that percentage each year, resulting in an overall growth of approximately 36.8% by the end of 2027 compared to the starting point in 2020. This prediction provides useful insights for stakeholders in the textile industry, helping them to anticipate and plan for future trends and developments.

India is the world’s second largest exporter of textiles and garments.

This statistic indicates that India holds the position of being the second largest exporter of textiles and garments on a global scale. It implies that the country has a significant market presence and exports a substantial amount of textile products to other countries. This ranking showcases India’s strong textile industry, highlighting its competitiveness and capability to meet international demand for clothing and fabrics. Moreover, being one of the top exporters signifies that India plays a crucial role in the global textile trade, contributing to its economy and creating employment opportunities within the industry.

The textile industry in China is projected to reach an approximate USD 1.7 trillion in market size by 2025.

This statistic indicates that the textile industry in China is expected to experience significant growth and expansion over the next few years, with its market size estimated to reach around USD 1.7 trillion by 2025. This projection suggests a positive outlook for the industry, highlighting strong demand and potential opportunities for businesses operating within the sector. Factors such as increased consumer spending, technological advancements, and global trade dynamics are likely to contribute to this growth, positioning China as a key player in the global textile market. The projected market size reflects the country’s strong manufacturing capabilities, supply chain infrastructure, and competitive advantage in producing and exporting textiles, further solidifying its position as a leading textile hub in the world.

Bangladesh is the second largest apparel exporter in the world, just behind China.

The statistic that Bangladesh is the second largest apparel exporter in the world, just behind China, highlights the significant role the country plays in the global fashion industry. With a booming ready-made garment sector, Bangladesh has emerged as a major player in the international market, competing closely with China, the world’s largest apparel exporter. This statistic underscores Bangladesh’s growing presence in the global supply chain, driven by its competitive labor costs, skilled workforce, and preferential trade agreements. It also reflects the country’s ability to meet the demands of international retailers and consumers, positioning Bangladesh as a key player in the global textile and apparel trade.

The textile and clothing industry is a diverse one, as much in terms of the raw materials, products and processes as in the number of countries around the globe who contribute to its huge scale. It employs over 60 million people globally.

The statistic provided highlights the significant scope and worldwide reach of the textile and clothing industry. With its diversity in raw materials, products, and manufacturing processes, the industry involves a vast number of countries in its operations. The employment of over 60 million individuals globally underscores the industry’s substantial workforce impact, indicating its importance in creating livelihoods and driving economic activity in various regions around the world. Overall, the statistic demonstrates the extensive scale of the textile and clothing industry, reflecting its influence on the global economy and labor market.

The global textile industry produces about 60 billion kilograms of fabric annually.

The statistic that the global textile industry produces about 60 billion kilograms of fabric annually provides an insight into the vast scale of production within this industry. This figure highlights the significant impact that textile manufacturing has on global resource consumption and waste generation. It also indicates the widespread demand for textile products worldwide, ranging from clothing and household textiles to industrial materials. Understanding this statistic can help policymakers, businesses, and consumers make informed decisions regarding sustainable production practices, resource allocation, and waste management within the textile industry to address environmental concerns and promote responsible consumption.

Approximately 20% of industrial water pollution is due to textile manufacturing.

The statistic indicates that out of all sources of industrial water pollution, around 20% can be attributed to textile manufacturing activities. Textile manufacturing processes involve various chemicals, dyes, and treatments that can contaminate water sources if not properly managed and treated. This statistic underscores the significant impact of the textile industry on environmental pollution, particularly in terms of water quality degradation. Addressing this issue would require implementing stricter regulations, adopting cleaner production methods, and investing in advanced water treatment technologies within the textile manufacturing sector to mitigate the environmental impacts associated with their operations.

The global textile industry wastes an estimated 25% of the chemicals it uses, including harmful toxins and dyes.

The statistic that the global textile industry wastes an estimated 25% of the chemicals it uses, including harmful toxins and dyes, highlights the significant issue of wastage and potential environmental harm within the industry. This statistic suggests that a quarter of the chemicals employed in textile production are not effectively utilized, leading to environmental pollution and potential health risks. The inefficient use and disposal of these chemicals not only contribute to environmental degradation but also pose a threat to human health, particularly for workers within the industry and communities living near textile manufacturing facilities. Addressing this high level of chemical waste is crucial for sustainable and responsible production practices within the global textile sector.

Over 90% of all cotton is genetically modified, using vast amounts of water as well as chemicals.

The statistic that over 90% of all cotton is genetically modified highlights the widespread adoption of genetically engineered cotton varieties in the agricultural industry. These genetically modified cotton plants are designed to be resistant to pests and diseases, thus reducing the need for chemical pesticides and promoting higher yields. However, the cultivation of genetically modified cotton often requires significant amounts of water for irrigation, particularly in regions where cotton is grown in arid or semi-arid climates. Additionally, the management of such large-scale cotton production systems may involve the use of chemical fertilizers and herbicides, which can contribute to environmental concerns such as soil degradation and water pollution. Overall, while genetic modification has offered benefits to cotton production, the statistic points to the importance of sustainable farming practices to mitigate the environmental impacts associated with water usage and chemical inputs in cotton cultivation.

Vietnam’s textile and garment industry is predicted to expand by 12% in 2022, reaching $46 billion.

The statistic indicates that Vietnam’s textile and garment industry is expected to experience significant growth in 2022, with a projected expansion of 12%. This growth is estimated to propel the industry’s total value to reach $46 billion, representing a substantial increase from the previous year. The prediction suggests that various factors such as increased exports, favorable trade agreements, and the country’s strong manufacturing capabilities are driving the industry’s growth prospects. This expansion is anticipated to have positive implications for Vietnam’s economy, creating job opportunities, attracting investments, and contributing to the country’s overall economic development.

The garments, textiles and apparels industry in India is expected to reach USD 223 billion by 2021.

This statistic indicates the projected growth in market size of the garments, textiles, and apparels industry in India, with an expected total value of USD 223 billion by the year 2021. This growth forecast suggests a significant expansion in the industry’s economic activity and market presence within the country. Factors contributing to this growth could include increased consumer demand, favorable government policies, advancements in technology, and potentially expanding international trade opportunities. The statistic highlights the sector’s potential for substantial development and economic contribution to the Indian economy in the near future.

Approximately 75% of the world’s clothing is made from cotton or polyester, both of which are produced in large quantities by the textile industry.

This statistic highlights the dominant role of cotton and polyester in the global clothing industry, as together they account for approximately 75% of all clothing produced worldwide. Cotton and polyester are favored materials due to their versatile properties, affordability, and ease of production at scale by the textile industry. Cotton is a natural fiber known for its breathability and comfort, while polyester is a synthetic fiber prized for its durability and wrinkle resistance. The widespread use of these materials underscores their popularity among manufacturers and consumers alike, reflecting the importance of the textile industry in meeting the demands of the fashion market.

The textiles sector is the second largest employer in India, after agriculture, providing employment to over 45 million people directly and 60 million people indirectly.

This statistic highlights the significant role of the textiles sector in India as one of the major contributors to employment generation in the country. With over 45 million people directly employed in the sector, it serves as the second largest employer after agriculture. Furthermore, it also supports an additional 60 million people indirectly, emphasizing its extensive reach and impact on the economy. The large workforce employed in the textiles sector signifies its importance in providing livelihoods and economic opportunities to a substantial portion of the population, indicating its crucial role in India’s overall employment landscape and social development.

The global digital textile printing market was valued at $2.2 billion in 2019, expected to grow at a CAGR of 8% from 2021 to 2028.

The statistic indicates that the global digital textile printing market had a value of $2.2 billion in 2019 and is projected to experience a compound annual growth rate (CAGR) of 8% from 2021 to 2028. This suggests a steady increase in market size and demand for digital textile printing services over the specified period. The CAGR of 8% represents the average annual growth rate that the market is expected to achieve, highlighting the potential for expansion and opportunities within the digital textile printing industry. This statistic serves as a key indicator for companies and investors to assess the market trends and make informed decisions regarding investments and business strategies in this sector.

The total contribution of the U.S. cotton industry to the annual U.S economy is estimated at over $100 billion.

The statistic stating that the total contribution of the U.S. cotton industry to the annual U.S. economy is estimated at over $100 billion highlights the significant economic impact of the cotton industry in the United States. This figure includes revenues generated from various aspects of the cotton industry such as the production of raw cotton, manufacturing of textiles, export and import activities, and consumption of cotton-based products. The high value underscores the importance of the cotton industry as a major economic driver, creating employment opportunities, supporting related industries, and contributing significantly to the overall GDP of the United States. This statistic suggests that the U.S. cotton industry plays a crucial role in the country’s economic prosperity and reinforces the importance of the industry in both domestic and international markets.

Conclusion

The textiles industry statistics reveal a dynamic and evolving landscape, influenced by various factors including consumer trends, sustainability initiatives, and technological advancements. By staying informed and understanding these statistical trends, businesses in the textiles industry can better navigate challenges and capitalize on opportunities for growth and innovation.

References

0. – https://www.www.sustainyourstyle.org

1. – https://www.www.globenewswire.com

2. – https://www.www.grandviewresearch.com

3. – https://www.www.fortunebusinessinsights.com

4. – https://www.ourworldindata.org

5. – https://www.www.worldbank.org

6. – https://www.cottonleads.org

7. – https://www.www.trade.gov

8. – https://www.agresearchmag.ars.usda.gov

9. – https://www.www.ibef.org

10. – https://www.www.vietnam-briefing.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

Table of Contents

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!