India Textile Market to Grow with a CAGR of 9.73% through 2030
Technological advancements are expected to drive the India Textile Market
growth in the forecast period, 2026-2030.
According to TechSci Research report, “India Textile
Market- By Region, Competition, Forecast and Opportunities,
2020-2030F”, the India Textile Market was valued at USD 178.26 Billion in 2024
and is anticipated to grow with a CAGR of 9.73% through 2030. Technological advancements play a crucial role in the growth of the
Indian textile market. The use of automated machinery and processes boosts
production speed and lowers labor costs, resulting in increased efficiency and
output. Innovations in materials, such as moisture-wicking fabrics,
temperature-regulating textiles, and sustainable fibers, address evolving
consumer preferences and functional needs.
The integration of digital technologies, including IoT
and AI, allows for real-time monitoring, predictive maintenance, and optimized
supply chain management, minimizing waste and enhancing responsiveness. For
example, in August 2024, Seematti, a historic textile retail chain in India,
launched an AI-based fashion brand ambassador named Isha Ravi to represent the
110-year-old company. Computer-aided design (CAD) software enables more complex
and precise designs, empowering manufacturers to innovate and differentiate
their offerings. Advances in dyeing and finishing processes, such as waterless
dyeing and biodegradable chemicals, lessen the environmental impact of textile
production, aligning with consumer demands for sustainability.
Investments in research and development foster the
creation of new products and enhancements to existing technologies, helping
manufacturers stay competitive. In August 2024, the government approved grants
of USD 0.059 Million each for four startups in technical textiles and allocated
nearly USD 2.38 Million to five educational institutions for introducing
courses in this field under the National Technical Textiles Mission. Advanced
manufacturing techniques support customization, allowing consumers to tailor
products to their preferences, which boosts customer satisfaction. These
factors not only drive growth but also enhance the competitiveness of Indian
textiles in the global market.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "India Textile Market”
The India Textile Market is segmented into type, raw
material, product, process, application, regional distribution, and company.
Based on the raw material, the cotton
emerged
as the dominating segment in the Indian market for Textile in 2024. India ranks
among the world's largest cotton producers, guaranteeing a steady and plentiful
supply for the textile industry and minimizing reliance on imports. Cotton is
highly valued for its softness, breathability, and comfort, making it the
fabric of choice for both clothing and home textiles, particularly in warmer
climates where consumers prefer its natural feel. Its versatility allows for a
wide range of applications, from traditional garments to technical textiles,
enabling manufacturers to produce everything from casual wear to
high-performance fabrics. The cultural significance of cotton in India is
profound, with various regions known for their distinctive handloom creations,
such as sarees and dhotis, which enhances local demand and helps preserve
traditional craftsmanship.
The global market shows robust demand for cotton
textiles, making them a crucial export commodity for India and encouraging
further investment in cotton production and processing. As consumers grow more
environmentally aware, cotton's reputation as a natural and biodegradable fiber
makes it more appealing compared to synthetic options. The well-established
infrastructure for cotton cultivation, processing, and manufacturing supports
efficient production and distribution in the textile sector. Ongoing
innovations in cotton processing, including organic production and fiber
blends, further enhance its appeal and functionality, aligning with modern
consumer preferences. These elements establish cotton as the dominant raw
material in the Indian textile market, driving demand and ensuring its lasting
importance in the industry.
Based on the region, the West India emerged as the
fastest growing region in the Indian Textile market during the forecast period.
Gujarat is
recognized as a key textile manufacturing hub in India, characterized by its
extensive network of textile mills and processing units, which underpins
significant industry growth. The Western region offers a diverse range of
textiles, including cotton, denim, and technical fabrics, catering to various
consumer needs and market segments, thereby enhancing its market presence. This
region attracts substantial investments from both domestic and international
companies, with many focusing on modern technologies, automation, and
innovative practices to boost productivity and efficiency. Government support
at both state and central levels provides incentives, subsidies, and
initiatives designed to promote the textile industry, creating a favorable
environment for growth. For example, in October 2024, the Gujarat government
unveiled a new textile policy that includes various subsidies and financial
incentives for entrepreneurs looking to establish operations in the state,
aiming to attract an investment of USD 3.57 Billion in the textile sector.
The Western region also benefits from its proximity to
major ports, such as those in Mumbai and Kandla, which facilitates the easy
export of textile products, enhancing competitiveness in international markets.
Additionally, a skilled labor force well-versed in various textile processes
contributes to high production quality and efficiency, supported by training
programs and vocational education initiatives. Rising consumer demand for
trendy and diverse textile products, fueled by urbanization and changing
lifestyles, is further driving growth in this region. These factors
collectively establish the Western region of India as a significant player in
the textile market, contributing to its rapid expansion and strengthening its
position in both domestic and global textile industries.
Major companies operating in India Textile Market are:
- Reliance
Industries Ltd.
- Vardhman
Textiles Ltd.
- Arvind
Limited
- Welspun
India Ltd.
- Grasim
Industries Limited
- Siyaram
Silk Mills Ltd.
- Sutlej
Textiles and Industries Ltd.
- Morarjee
Textiles Limited
- Trident
Limited
- Century
Textiles & Industries Ltd.
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“The Indian textile market is set for remarkable
transformation, combining traditional craftsmanship with contemporary
innovations. There’s a resurgence in interest for handloom and artisanal
textiles, fueled by consumers’ increasing preference for sustainable and
ethically sourced materials. The integration of digital technologies, like
blockchain for better supply chain transparency, can enhance trust and
traceability in the industry. With a young and fashion-savvy population,
there’s a rising demand for innovative designs and functionalities. Government
initiatives focused on boosting exports and skill development can empower local
artisans, positioning India as a significant contender in the global textile
market,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“India Textile Market By Type (Yarn &
Fiber, Processed Fabrics & Apparel), By Raw Material (Cotton, PSF, PFY,
NFY, VSF, VFY, PPMFY, Others), By Product (Natural Fibers, Polyesters, Nylon,
Rayon, Others), By Process (Woven, Non-woven), By Application (Household,
Technical, Fashion & Clothing, Others), By Region, Competition, Forecast
and Opportunities, 2020-2030”, has evaluated the future growth potential of India Textile
Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Textile Market.
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