Indian Textile and Apparel Market 2023-2028: Share, Size, Growth Rate, Demand, Key Players and Forecast Report

PRESS RELEASE
Published April 25, 2023
How big is the Indian textile and apparel market?

IMARC Group’s latest research report, titled “Indian Textile and Apparel Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” The Indian textile and apparel market size reached US$ 172.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 387.3 Billion by 2028, exhibiting a growth rate (CAGR) of 14.59% during 2023-2028.

What is Textile and Apparel Industry?

Materials manufactured with fibres and filaments from natural, artificial, or a combination of sources are referred to as textiles. They are generally produced by knitting, felting, weaving, and interlocking yarns and fabrics in predetermined patterns, then further processing them to produce a length of cloth. On the contrary, clothing and footwear products worn by adults and children, including shirts, pants, coats, skirts, suits, heels, trainers, and boots, are referred to as apparel. Some of the eco-friendly textiles available in the market include jute, denim, leather, velvet, cotton, silk, flannel, hemp, wool, and linen. Whereas acetate, acrylic, spandex, nylon, polyester, polar fleece, and rayon are examples of synthetic textiles. Moreover, they are also coated with chemicals to make them sturdy and water-resistant, and they are colored with a variety of colorful hues.

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Indian Textile and Apparel Market Growth Analysis:

Significant growth in the textile sector majorly drives the Indian market. Along with this, the rising number of government initiatives to support local textile producers is significantly influencing the market. The introduction of production programs, that help the weavers financially and enhance the nation's textile and clothing manufacturing, further impacting the demand. In addition, major industry players are producing textiles and clothing from materials that are ethically and sustainably sourced, such as vegan leather and faux fur produced from plants, which is also driving the market. Apart from this, the increasing adoption of nylon as a less expensive alternative to genuine silk and a movement in consumer preference towards wool as a reliable insulation material is contributing to the demand. Furthermore, the advent of smart textiles using conductive polymers, metals, and optical fibers to interact with the environment is creating a positive market outlook.

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Key Market Segmentation:

Breakup by Application:

  • Clothing Textiles
  • Technical Textiles
  • Fashion Textiles
  • Home-Decor Textiles
  • Other Textiles

Breakup by Raw Material:

  • Natural Fibres
  • Man-Made Fibres

Breakup by Product Type:

  • Yarn
  • Fabric
  • Fibre
  • Others

Breakup by State:

  • Maharashtra
  • Uttar Pradesh
  • Tamil Nadu
  • Gujarat
  • Karnataka
  • Others

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

TOC for the Indian Textile and Apparel Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Indian Textile and Apparel Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

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