The global Textile Staples Market is valued at USD 170.1 billion in 2023, with sales projected to surge at 5.5% CAGR over the forecast period. Demand in the market is anticipated to reach USD 290.6 billion by 2033.
Increased consumption of textile staples in various industries, such as apparel, general and leisure, sportswear, interior flooring, and others, is expected to push sales during the forecast period.
Based on application, the apparel segment is likely to contribute over 50% of sales and register growth at nearly 3.6% CAGR during the assessment period. Besides this, the interior flooring segment is anticipated to witness the fastest growth over the forthcoming decade. The Asia Pacific Excluding Japan (APEJ) to be the leading region in the upcoming decade.
Which are the Key Trends Propelling the Demand in Textile Staples Market?
Growing Demand For Sustainable Textiles to Benefit Textile Staples Market
Preference for natural staple fibers like cotton, jute, and wool increases compared to synthetic staple fibers like viscous rayon and polyester. As the consumption of synthetic staple fibers negatively impacts the environment, the demand for natural and eco-friendly textiles is predicted to aid the growth.
One of the most extensively grown and utilized staple fibers in the textile industry is cotton, opines FMI. It is regarded as a multipurpose fiber with qualities like cooling, absorption, and softness and is used to make clothing for hot weather. Wool from sheep has insulating attributes, making it excellent for use in the production of knitted warm clothing.
However, synthetic fibers are also extensively used among end users. Hence, key companies are sustainably producing one of the most popular synthetic fibers, polyester.
According to ITP Media (India) Pvt. Ltd., India has spent USD 2.5 billion on the textile industry and is estimated to host Textile Week at the Indian Pavilion in EXPO2020. As a result, the global staple fiber market is expanding due to increased investment in the textile sector and a rise in demand for sustainable textile materials.
What are the Disadvantages Associated with the Use of Synthetic Fiber?
Numerous industries, including furniture, textile agriculture, personal care & hygiene, and construction, employ textile staples fibers. It is produced from organic and synthetic materials. Despite having several advantages, synthetic staple fiber has several drawbacks that could slow the market's expansion.
Poor hygroscopicity makes synthetic staple fibers like polyester, as these fibers are easily attracted to dirt and static electricity. After washing, it gets dry and loses its beauty and comfort. It also becomes sticky, uncomfortable, and clammy in hot or humid conditions since it is not breathable and traps heat on the skin. Thus, the demand for synthetic textile fibers is likely to be hampered due to their flammability, ability to retain odors, and poor moisture absorption.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.5% |
| Market Valuation (2023) | USD 170.1 billion |
| Market Valuation (2033) | USD 290.6 billion |
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The global market witnessed growth at a CAGR of 4.2% from 2018 to 2022, with a valuation of USD 161.2 billion in 2022. As per the current estimate, the global market expand at 5.5% CAGR between 2023 and 2033.
Growth in the market is the growing expansion of the pharmaceutical industry and rising applications in the automotive and construction sectors. As of 2022, the surging consumption of fabrics and the growing fashion industry is estimated to increase the global demand for staple fibers.
As a staple fiber, it is vital in fabric and garment manufacturing. Changing fabric preferences, especially among millennials, is expected to boost the textile industry, driving growth in the global market.
According to the study, South and East Asia are expected to be the most lucrative regions for textile staples manufacturers. It is due to the flourishing textile industry and cost-effective raw materials across India, China, and South Korea. For instance, according to the India Brand Equity Foundation, the country's textile industry was valued at USD 223 billion in 2017 and is estimated to reach USD 150 billion by 2023 end.
| Countries | Forecast Period From 2023 to 2033 |
|---|---|
| United States | 13.2% |
| Germany | 15.6% |
| Japan | 3.4% |
| Australia | 0.6% |
| Countries | Forecast CAGR From 2023 to 2033 |
|---|---|
| China | 6.3% |
| India | 6.8% |
| United Kingdom | 4.0% |
Leading Textile Manufacturers in the United States to Collaborate with End Users to Gain Revenue
The United States market is expected to have a value share of 13.2% in the global market during the forecast period. Demand in the market is estimated to surge as textile manufacturers shift from producing commodity goods to specialized products such as technical textiles. As these textiles are substituting conventional fabrics, and non-fiber materials, such as metals, the demand for textile staples is expected to gain traction.
Textile manufacturers shifting from generic textile products to niche technical textile products face lesser international competition. Manufacturers' primary focus is producing cheap textiles in higher volumes. Subsequently, leading companies in the United States are expanding their product lineup in the healthcare-related business to gain a competitive edge.
Additionally, medical textile manufacturers are focusing on refining existing products and on new product development to derive new materials with improved designs and features. All these factors are expected to boost the demand in the United States textile staples market.
Export and Import of Textile Staples in China to Gain Traction through 2022 & beyond
China is estimated to be a prominent producer and consumer of textile staples globally, accounting for about 70% of the share in East Asia. The rapid growth in the construction and industrial sectors is anticipated to propel the consumption of textile staples. China is estimated to capture a CAGR of 6.3% in the global market by 2033.
As China is considered to have the world's largest textile industry, staple fibers, including polyester, cotton, and cellulosic, are used frequently to alter the properties of the yarn.
Further, China is the world's top producer and exporter of textiles, with a value of over USD 154 billion, according to data from 2020. On the back of these factors, the sales in China's textile staples market are projected to rise robustly over the forecast period.
Principal Consultant
Synthetic Fiber to Account for Mammoth's Share in Global Market
In terms of fiber type, polyester staple fiber is expected to witness an increased demand in recent years. Monoethylene glycol (MEG) and refined terephthalic acid are the two main raw ingredients used to manufacture polyester fiber (PTA). This fiber is widely utilized for woven fabrics, polyester yarn, cushions, and sofa fillings.
PET bottles and polyester waste are used to create recycled polyester staple fiber. It has exceptional resilience qualities and can be utilized in various products, such as geotextile, cushion filling, pillows, soft toy quilts, and nonwoven carpets. As a result, the market is expanding due to the spike in demand for polyester staple fiber in various applications.
Rising Application of Textile Staples for Hygiene Products in the Medical Industry to Push Sales
Due to its lightweight, high strength, softness, and hydrophobic or hydrophilic nature, staple fiber is widely used in personal care and hygiene. Staple fiber is used in various disposable products, including diapers, face masks, sanitary towels, hand towels, and body care items.
Cotton's strong adsorbent qualities and hypoallergenic nature make it a key component in creating nonwoven medical products. Currently, wipes, adult incontinence products, feminine hygiene products, and other items widely use natural fiber.
According to Innovation in Textile, Les Alchimistes and Belgian diaper manufacturer Ontex have partnered to create compostable diapers to decompose 500 million by the end of 2033. Thus, increasing demand in the hygiene and personal care sectors is boosting sales in the market.
Key manufacturers are strategically increasing their global market presence by penetrating into emerging economies to set up manufacturing units to decrease operating costs and maximize profit. For Instance,
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Fiber Type, Application, Region |
| Key Companies Profiled | E.I. Du Pont de Nemours and Company; Lenzing AG; International Fibers Group; Invista; Thai Acrylic Fiber Co. Ltd. (Aditya Birla Group); Toray Group; Chori Co., Ltd.; W. Barnet GmbH & Co. KG; Cellulose Cotton Wool Corporation of India; Teijin Frontier Co., Ltd.; Belgian Fibers SA; Grasim Industries Limited; Indorama Ventures Public Company Limited; Reliance Industries Limited; Synthesia, AS; The Woolmark Company |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is projected to reach USD 290.6 billion by 2033.
The market is expected to reach a CAGR of 5.5% through 2033.
Preference for eco-friendly staple fibers may drive the market growth.
Germany is likely to advance at a CAGR of 15.6% until 2033.
Synthetic fiber is expected to witness substantial growth in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fiber Type 5.1. Natural Fiber 5.1.1. Cotton 5.1.2. Cellulose Cotton Wool 5.1.3. Wool 5.1.4. Other 5.2. Synthetic Fiber 5.2.1. Rayon 5.2.2. Polyester 5.2.3. Acrylics 5.2.4. Polypropylene 5.2.5. Nylon 5.2.6. Other 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Apparel 6.1.1. General and Leisure 6.1.2. Sportswear 6.2. Interior Flooring 6.3. Medical 6.4. Upholstery 6.5. Automotive 6.6. Construction 6.7. Filtration 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. E.I. Du Pont de Nemours and Company 17.2. Lenzing AG 17.3. International Fibers Group 17.4. Invista 17.5. Thai Acrylic Fiber Co. Ltd. (Aditya Birla Group) 17.6. Toray Group 17.7. Chori Co., Ltd. 17.8. W. Barnet GmbH & Co. KG 17.9. Cellulose Cotton Wool Corporation of India 17.10. Teijin Frontier Co., Ltd. 17.11. Belgian Fibers SA 17.12. Grasim Industries Limited 17.13. Indorama Ventures Public Company Limited 17.14. Reliance Industries Limited 17.15. Synthesia, AS 17.16. The Woolmark Company 18. Assumptions & Acronyms Used 19. Research Methodology
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Textile Staples Market
