India Textile Market (2024-2030) | Trends, Forecast, Analysis, Companies, Value, Outlook, Size, Growth, Industry, Share & Revenue

India Textile Market Synopsis

India is one of the largest producers and consumers of textiles in the world. The textile industry contributes substantially to India?s economy, providing employment to millions of people throughout the country. It accounts for 14% of industrial production, 4% of GDP and 17% share in exports. In FY20, revenues from apparel & made-ups stood at US$ 80 billion while exports of readymade garments were worth US$ 16 billion1. However, with increasing competition from countries like Bangladesh and Vietnam, India?s market has been struggling to maintain its global presence since a few years now.

Drivers of the Market:

The major growth drivers for this sector include rising disposable incomes which have led to an increased demand for branded apparels; government initiatives such as Make in India initiative that are expected to boost investment opportunities within the textile manufacturing sector; growing domestic consumption due to rising population base coupled with increasing fashion consciousness among the younger crowd; positive policies related to labor reforms that make it easier doing business in India; favorable trade agreements with several international markets allowing duty free access in key markets such as EU (European Union), ASEAN (Association Of South East Asian Nations) etc.; technological advancements leading towards improved productivity levels across various segments such as spinning, weaving & knitting machines along with better garmenting processes etc..

Challenges of the Market:

Some challenges faced by Indian Textile Market include high cost of raw materials compared to other competing countries like China or Bangladesh due inadequate availability domestic sources , lack skilled manpower resulting inefficient operations , outdated technology used majorly small scale sectors , unorganized retail environment dominated bySome challenges faced by Indian Textile Market include high cost of raw materials compared to other competing countries like China or Bangladesh due inadequate availability domestic sources , lack skilled manpower resulting inefficient operations , outdated technology used majorly small scale sectors , unorganized retail environment dominated by local players making difficult new brands penetrate into market . local players making difficult new brands penetrate into market .

Trends of the Market:

The trends observed over recent past included large number Foreign Direct Investments being made particularly into garment manufacturing units , emergence new fabrics e-textiles/smart textiles using nanotechnology increase product offerings customers. Increasing adoption digital technologies integrate process chain help companies reduce costs enhance efficiency

The COVID - 19 Impact on the Market:

Covid -19 has had significant impact Indian Textile Industry first half 2020 primarily result disruption supply chains lockdowns enforced different parts country hit sales hard . Further fall foreign currency value lead lower realizations export oriented units causing huge losses unit level necessitating government intervention providing financial relief incentives order revive sector back track.

Key Players of the Market:

Major players operating Indian Textile space Aditya Birla Group Arvind Limited Bombay Rayon Fashion Ltd Trident Group Alok

Key Highlights of the Report:

• India Textile Market Outlook
• Market Size of India Textile Market, 2023
• Forecast of India Textile Market, 2030
• Historical Data and Forecast of India Textile Revenues & Volume for the Period 2020-2030
• India Textile Market Trend Evolution
• India Textile Market Drivers and Challenges
• India Textile Price Trends
• India Textile Porter's Five Forces
• India Textile Industry Life Cycle
• Historical Data and Forecast of India Textile Market Revenues & Volume By Raw Material Types for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Cotton for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Chemical for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Wool for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Silk for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Product Types for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Natural Fibers for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Polyesters for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Nylon for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Household for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Technical for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Fashion & Clothing for the Period 2020-2030
• Historical Data and Forecast of India Textile Market Revenues & Volume By Others for the Period 2020-2030
• India Textile Import Export Trade Statistics
• Market Opportunity Assessment By Raw Material Types
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Applications
• India Textile Top Companies Market Share
• India Textile Competitive Benchmarking By Technical and Operational Parameters
• India Textile Company Profiles
• India Textile Key Strategic Recommendations