Malaysia Textile Market (2023-2029) | Forecast, COVID-19 IMPACT, Share, Size, Outlook, Analysis, Companies, Industry, Growth, Trends, Revenue & Value

Malaysia Textile Market Highlights

Report Name	Malaysia Textile Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth rate	XXXX
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Raw Material Types, By Product Types, By Applications
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the Malaysia Textile Market Report

The Malaysia Textile market report thoroughly covers the market by type, by product type, by application and competitive landscape. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Textile Market Synopsis

The Malaysia Textile industry is a dynamic sector characterized by a mix of traditional textile manufacturing and the growing influence of technological advancements and sustainability trends. Historically, Malaysia has been a major textile and apparel manufacturer, benefiting from its skilled workforce and competitive labor costs. However, in recent years, there has been a shift towards higher value-added segments such as technical textiles and eco-friendly fabrics. Sustainability is a significant trend, with increasing demand for textiles made from recycled materials and eco-conscious production processes. The market has also embraced digital technologies for design, production, and marketing. E-commerce platforms have gained prominence, offering consumers a convenient way to access a wide range of textile products. Additionally, there is a focus on innovation and research in the textile sector to remain competitive in the global market, with an emphasis on creating smart textiles and functional fabrics for various applications. Moreover, there is a growing emphasis on sustainability, with a push towards eco-friendly production methods and the use of recycled materials. Technical textiles and smart fabrics are gaining traction, driving innovation in the sector. E-commerce and digital technologies have transformed the retail landscape, offering convenience to consumers and new marketing opportunities for businesses. However, challenges persist, including rising production costs, competition from other Asian countries, and the need to upgrade and modernize manufacturing facilities. Additionally, compliance with stringent environmental regulations and labor standards poses challenges to businesses in the sector, requiring investments in sustainability and worker welfare. Balancing these trends and addressing these challenges is crucial for the continued growth and competitiveness of Malaysia's textile market.

According to 6Wresearch, Malaysia Textile Market Size is projected to grow during 2023-2029.  The growth of the Malaysia textile market is driven by several key factors. Firstly, the country's skilled workforce and competitive labor costs have historically made it an attractive destination for textile manufacturing. Additionally, a growing emphasis on sustainability and eco-friendly production practices has opened up new opportunities for textile businesses, as consumers worldwide increasingly prioritize environmentally conscious products. Technological advancements, particularly in the development of technical textiles and smart fabrics, have also fueled growth and innovation in the sector. Furthermore, the expansion of e-commerce and digital marketing channels has facilitated greater market access and consumer reach. As Malaysia continues to invest in research and development, innovation, and sustainability, it is well-positioned to further capitalize on these growth drivers in its textile industry.

COVID-19 Impact on Malaysia Textile Market

The Malaysia Textile market revenue was significantly impacted by the COVID-19 pandemic. The outbreak disrupted supply chains, causing delays in raw material shipments and production. Lockdowns and restrictions on movement hampered manufacturing activities, leading to reduced output and workforce challenges. The decline in global demand for non-essential goods, including textiles and apparel, affected exports and domestic sales. To adapt, some textile companies in Malaysia switched to producing personal protective equipment (PPE) and face masks. E-commerce and online retailing gained prominence as consumers turned to online channels for their shopping needs. While the industry faced unprecedented challenges, it also revealed opportunities for diversification and agility in response to changing market dynamics.

Key Players in the Malaysia Textile Market

The Malaysia textile market is home to a diverse range of key players, spanning both large corporations and smaller enterprises. Some prominent companies in the textile industry include Toray Industries (Malaysia) Sdn Bhd, a subsidiary of the Japanese conglomerate Toray Group, which specializes in textiles, fibers, and plastics; Nylex (Malaysia) Berhad, a leading producer of industrial fabric and synthetic leather; and Rengo Malaysia Sdn Bhd, part of the Rengo Group from Japan, which focuses on various types of packaging materials. In addition, some of the company’s grasp plenty of Malaysia textile market share. Further, there are numerous local and international textile manufacturers and exporters, as well as textile mills and apparel companies that contribute to the sector's vibrancy, catering to both domestic and international markets.

Market by Type

According to Ravi Bhandari, Research Head, 6Wresearch, the Malaysia textile market encompasses a wide variety of textile types, serving both domestic and international demands. This diverse industry includes the production of woven textiles, such as cotton, silk, and polyester fabrics, which find applications in clothing, home textiles, and industrial uses. Knitted textiles, including jersey, fleece, and interlock fabrics, are also prominent and are used extensively in the apparel sector. Additionally, technical textiles have gained importance for applications in automotive, healthcare, and construction industries. Eco-friendly textiles, made from sustainable materials like organic cotton and recycled fibers, are witnessing growing consumer preference. Further, Malaysia also hold noteworthy market share of the Asia Pacific Textile market. Moreover, Malaysia's textile market caters to a broad range of textile types, reflecting the evolving preferences and needs of various industries and consumers.

Market by Application

The Malaysia textile market serves a multitude of applications across various sectors. In the fashion and apparel industry, textiles are used for clothing manufacturing, including casual wear, formal wear, and sportswear. Home textiles, such as bed linens, curtains, and upholstery fabrics, are also significant segments. Technical textiles play a crucial role in automotive manufacturing, geotextiles for civil engineering, and medical textiles for healthcare applications. Additionally, textiles are used in the production of industrial products like bags, tents, and protective gear. The market is also increasingly focusing on eco-friendly textiles, catering to consumers and industries seeking sustainable and environmentally responsible options. Malaysia's textile industry, with its diverse range of applications, plays a pivotal role in both the domestic market and international trade.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Textile Market Outlook
• Market Size of Malaysia Textile Market, 2022
• Forecast of Malaysia Textile Market, 2029
• Historical Data and Forecast of Malaysia Textile Revenues & Volume for the Period 2019-2029
• Malaysia Textile Market Trend Evolution
• Malaysia Textile Market Drivers and Challenges
• Malaysia Textile Price Trends
• Malaysia Textile Porter's Five Forces
• Malaysia Textile Industry Life Cycle
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Raw Material Types for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Cotton for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Chemical for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Wool for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Silk for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Others for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Product Types for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Natural Fibers for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Polyesters for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Nylon for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Others for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Applications for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Household for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Technical for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Fashion & Clothing for the Period 2019-2029
• Historical Data and Forecast of Malaysia Textile Market Revenues & Volume By Others for the Period 2019-2029
• Malaysia Textile Import Export Trade Statistics
• Market Opportunity Assessment By Raw Material Types
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Applications
• Malaysia Textile Top Companies Market Share
• Malaysia Textile Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Textile Company Profiles
• Malaysia Textile Key Strategic Recommendations

Markets Covered

The market report thoroughly covers the following segments:

By Raw Material Types

• Cotton
• Chemical
• Wool
• Silk
• Others

By Product Types

• Natural Fibers
• Polyesters
• Nylon
• Others

By Applications

• Household
• Technical
• Fashion & Clothing
• Others