Global home textile market to reach $235.9 billion by 2033

In 2023, bedroom linen emerged as the leading product segment, accounting for 45.3 per cent of the market share, driven by demand for high-end, eco-friendly materials.

The global home textile market is expected to grow at a compound annual growth rate (CAGR) of 6.1 per cent, reaching approximately $235.9 billion by 2033, up from $130.5 billion in 2023, according to a report by Market.US.

This growth is driven by rising global income levels and increasing consumer interest in home décor. The demand for high-quality and personalised home textiles continues to rise as homeowners prioritise interior design enhancements. Additionally, the adoption of eco-friendly materials and advancements in fabric production technology are creating new opportunities for manufacturers.

Governments worldwide are recognising the importance of the home textile industry by investing in infrastructure to support textile production and promoting environmentally sustainable practices. Strengthened regulations are also ensuring that home textiles meet safety and environmental standards, encouraging manufacturers to innovate and comply with updated guidelines.

In 2023, bedroom linen emerged as the leading product segment, accounting for 45.3 per cent of the market share, driven by demand for high-end, eco-friendly materials. Polyester remained the dominant material, holding a 37.6 per cent share due to its affordability and versatility. Offline distribution channels, including supermarkets and hypermarkets, accounted for 65.5 per cent of total sales.

The Asia-Pacific region, supported by strong manufacturing capabilities and a growing middle class in China and India, held the largest market share at 45.6 per cent, valued at $58.7 billion in 2023.

News source: Apparel Resources