The Indian textile and apparel market reached a value of US$ 133 Billion in 2020. Textile is a term widely used for referring to woven fabrics, yarns and fibers made from jute, polyester, cotton, wool, etc. In India, the textile and apparel industry is one of the oldest industries that has witnessed numerous developments over the years. The modern textile industry, however, came into recognition in the early 19th Century with the establishment of the first textile mill in Calcutta. Today, the textile and apparel market has become a vital contributor to the Indian economy. This can be attributed to the abundant availability of raw materials used for manufacturing apparel such as cotton, silk, wool, etc. The Government is also making investments under the Scheme for Integrated Textile Parks and the Technology Upgradation Fund Scheme for training workforce and to encourage private investment in the Indian textile and apparel industry. Looking forward, IMARC Group expects the Indian textile and apparel market to grow at a CAGR of 13.80% during 2021-2026
Indian Textile and Apparel Market Drivers:
Breakup by Application:
The textile and apparel market has been segmented on the basis of applications which mainly include clothing, technical, household and fashion. Amongst these, clothing is the largest segment.
Breakup by Raw Material:
Based on raw materials, the market has been segmented into natural and man-made fibers. Currently, natural fibers represent the largest segment.
Breakup by Product Type:
On the basis of product type, the market has been categorized into yarn, fabric and fiber. Amongst these, yarn is the most popular product type.
Breakup by State:
On a regional basis, Maharashtra represents the largest market for textiles and apparels in India. Some of the other major markets include Uttar Pradesh, Tamil Nadu, Gujarat and Karnataka.
The competitive landscape of the Indian textile and apparel market has also been examined in this report along with the profiles of the leading players operating in the market.
This report provides a deep insight into the Indian textiles and apparels market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian textile and apparel industry in any manner.
Key Questions Answered in This Report:
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