The global textile market is growing at six per cent. The abundance of natural fibers, especially cotton in the US, China and India, is contributing significantly to the growth of the global textile market. Natural fibers include those obtained from plants and animals, like cotton, silk, linen, wool, hemp, jute and cashmere. These fibers are widely used to manufacture apparel, construction materials, medical dressings and automobile interiors. Silk is used in upholstery and apparel, and is available in fine and coarse varieties. Wool and jute are used as textiles for their resilience, elasticity and softness.

Cotton is the most widely used raw material in the global textile industry owing to its excellent durability. Polyester’s market share will grow further thanks to properties such as high strength and shrink resistance. Innovations in the textile industry will also have a positive impact on the market and contribute to its growth. For example, several companies are launching heating technology to keep clothes warm during winter through infrared heat absorption. Another impactful innovation is the development of jeans made from post-consumer cotton waste. The growing demand for textiles in developing economies and capacity expansions by vendors in the textile industry are other major aspects that are expected to boost the growth of the global textile market.