Textile Market Overview - United States

United States Textile Industry Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 2.8% (2024-2032)

According to the latest report by IMARC Group, The US textile market size is projected to grow at a CAGR of 2.8% from 2024 to 2032. The market is experiencing steady growth, driven by increasing consumer demand for high-quality and sustainable fabrics. This expansion is fueled by advancements in textile technology and the growing focus on fashion and home decor.

United States Textile Industry Trends and Drivers:

Key Trends in the United States Textile Market

• Sustainability and Circular Economy:

• • Growing emphasis on eco-friendly practices, such as using biodegradable fibers and reducing water and energy consumption.
  • Driven by regulatory pressures and consumer awareness about environmental issues.

• Smart Textiles:

• • Increasing use of fabrics incorporating technologies like sensors and conductive fibers in sectors like healthcare, sports, and fitness.

• Impact of Aging Population:

• • Growing demand for medical textiles designed for elderly care, including wound care products and hygiene solutions.
  • Manufacturers are focusing on antimicrobial fabrics and compression garments for elderly consumers.

• COVID-19 Pandemic Influence:

• • Escalating demand for personal protective equipment (PPE) driving growth in the medical textile segment.

Market Drivers in the United States Textile Market

• Demand Across Multiple Sectors:

• • Growing need for textiles in apparel, home furnishings, and industrial applications.

• Consumer Preference for Sustainable Textiles:

• • Increasing focus on organic and recycled materials due to a shift toward ethical consumption.

• Population Growth and Rising Disposable Incomes:

• • Higher demand for diverse textile products, particularly in fashion and home décor.

• Technological Advancements:

• • Innovations in textile manufacturing, such as automation and digital printing, are improving production efficiency and reducing costs.
  • These technologies enable manufacturers to produce high-quality, customized products.

• E-commerce Expansion:

• • Online platforms making textiles more accessible, particularly in the fashion industry.
  • Fast fashion and personalized design trends are supporting market growth in the e-commerce sector.

Download sample copy of the Report: https://www.imarcgroup.com/united-states-textile-market/requestsample

United States Textile Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Raw Material:

• Cotton
• Chemical
• Wool
• Silk
• Others

Breakup by Product:

• Natural Fibers
• Polyesters
• Nylon
• Others

Breakup by Application:

• Household
• Technical
• Fashion and Clothing
• Others

Breakup by Region:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• 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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