The global textile staples market is growing at 4.9 per cent. It is majorly driven by growing application of technical textiles in large sectors such as construction and automotives. In emerging countries, rising disposable income is significantly boosting market growth. China and India are making significant contributions to the market. North America is in the second spot and accounts for a sizeable share of the market.

Based on natural fiber textile staples, cotton is accounting for the largest share of the market. Retailers are labeling their products as being environmentally friendly to gain a competitive advantage in the market. Polyester is the most preferred type of synthetic fiber for textile staples.

In developed regions such as North America and Europe, manufacturers of textiles are shifting their focus from commodity goods to value-added products. Therefore manufacturing of generic textile products as compared to niche technical textile products is expected to slow down in the near future. Key players in the market are laying emphases on R&D activities to enhance wearability of e-textiles and fabrics that enable digital constituents and electronics to be embedded in them. Indorama, Reliance and Woolmark are some of the leading companies operating in the global textile staples market.