Textile Market - India
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 146.6 Billion
Market Size in 2033: USD 213.5 Billion
Market Growth Rate (CAGR) 2025-2033: 3.85%
According to IMARC Group's report titled "India Textile Market Report and Forecast 2025-2033," the market reached USD 146.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 213.5 Billion by 2033, exhibiting a growth rate (CAGR) of 3.85% during 2025-2033.
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India Textile Market Trends and Drivers:
- The India textile market is seeing a robust recovery led by growing domestic consumption, aided by rising disposable incomes and enhanced fashion awareness among consumers.
- Besides that, the growth of organized retail and online platforms is contributing to greater availability of a broader segment of textile products, further improving market penetration across urban and rural markets.
- Fundamentally, government initiatives such as the Production Linked Incentive (PLI) scheme and the Technology Upgradation Fund Scheme (TUFS) are speeding up modernization and capacity development in the textile industry.
- Furthermore, a greater preference for sustainable and organic textiles is influencing the manufacturers to invest in green production methods and materials.
- The growing usage of technical textiles in the medical, automotive, and infrastructure sectors is opening new growth opportunities, particularly in industrial and protective apparel segments.
- Moreover, foreign direct investment (FDI) inflows and strategic cross-border partnerships are enhancing India's presence in the international value chain for textiles.
- Growing export prospects for Indian textiles, bolstered by supportive trade agreements and a commitment to skilled craftsmanship, are inducing strong demand from global buyers.
- In essence, the increasing power of Gen Z and millennial shoppers, who care more about aesthetics, quality, and values in a brand, is driving product innovation and digitalization in the industry.
- Additionally, textile groups and special economic zones (SEZs) in different Indian states are providing logistical and financial benefits that entice manufacturers and enhance exports.
- The use of AI and computer tools to manage inventory, streamline supply chains, and predict demand is improving operational effectiveness and customer satisfaction.
- Secondly, the growing participation of women in the workforce and the growth of ready-to-wear categories are driving greater demand for formal, ethnic, and casual wear.
- Effectively, increased awareness about "Made in India" campaigns and indigenous crafts support is reviving handloom and traditional textile industries, providing cultural preservation and employment.
India Textile Market Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India textile market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Product Insights:
- Natural Fibers
- Polyesters
- Nylon
- Others
Raw Material Insights:
- Cotton
- Chemical
- Wool
- Silk
- Others
Application Insights:
- Household
- Technical
- Fashion and Clothing
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
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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 (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendation
- 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.
About Us:
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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