United States Textile Industry Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 2.8% (2024-2032)
According to the latest report by IMARC Group, The US textile market size is projected to grow at a CAGR of 2.8% from 2024 to 2032. The market is experiencing steady growth, driven by increasing consumer demand for high-quality and sustainable fabrics. This expansion is fueled by advancements in textile technology and the growing focus on fashion and home decor.
United States Textile Market Trends and Drivers:
Key trends in the United States textile market include the growing emphasis on sustainability and the circular economy. Textile companies are adopting eco-friendly practices, such as using biodegradable fibers and reducing water and energy consumption during production. This trend is partly driven by regulatory pressures and the increasing awareness about environmental issues among consumers.
Additionally, the use of smart textiles is gaining momentum, with fabrics incorporating technologies like sensors and conductive fibers being used in industries ranging from healthcare to sports and fitness. Moreover, the growing geriatric population is also shaping the market, particularly in the development of medical textiles designed for healthcare applications, including wound care and hygiene products.
Besides this, manufacturers are producing specialized textiles that cater to the needs of elderly consumers, such as antimicrobial fabrics and compression garments. Furthermore, the impact of the COVID-19 pandemic is escalating the demand for personal protective equipment (PPE), which has driven growth in the medical textile segment.
The United States textile market is primarily driven by the increasing demand across various sectors, including apparel, home furnishings, and industrial applications. Additionally, the increasing consumer preference for sustainable and ethically produced textiles is reshaping the industry, with companies focusing on organic and recycled materials to meet this demand.
Moreover, population growth and rising disposable incomes are fueling the need for diverse textile products, especially in the fashion and home decor segments. Along with this, the market is also benefiting from advancements in textile manufacturing technologies, such as automation and digital printing, which are improving production efficiency and reducing costs. These innovations enable manufacturers to meet consumer expectations for high-quality, customized products, further propelling market growth.
Apart from this, the shift toward e-commerce has made textiles more accessible, as online platforms allow consumers to purchase fabrics and finished goods easily. Furthermore, this shift is particularly notable in the fashion industry, where online retailers are capitalizing on trends for fast fashion and personalized designs, which is creating a positive market outlook.
United States Textile Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Raw Material:
Cotton
Chemical
Wool
Silk
Others
Breakup by Product:
Natural Fibers
Polyesters
Nylon
Others
Breakup by Application:
Household
Technical
Fashion and Clothing
Others
Breakup by Region:
Northeast
Midwest
South
West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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