The Asia-Pacific textile market is anticipated to grow at a CAGR of more than 5% during the forecast period. Growth in the Asia-Pacific apparel and non-apparel manufacturing market has continued to improve over the last five years, and growth will continue over the forecast period. Growth in this market has been driven by increasing disposable income and the dominance of fast fashion, which has driven China to become the leading exporter for clothing. Similarly in India, growth has been stimulated by low-priced labor and raw material, advances in textile technology and the 'Make in India' policy. However, in Japan apparel has struggled against countries like China and Bangladesh which offer more competitively priced goods.

The Asia-Pacific textile market is segmented based on material and application. Based on material, the textile market is segmented into cotton, jute, silk, synthetic, wool, and others. The application segment includes fashion and clothing, industrial/technical, and household. Demand for technical textile, high-value fabrics, including silk, hemp, and viscose is increased by the shift in consumer perception of sustainable and comfortable clothing in the region.

Country-wise, the market is segmented into China, Japan, India, ASEAN, South Korea, and the Rest of Asia-Pacific. The textile industry in China is the world’s largest textile industry in terms of both overall production and exports. Cotton productivity in China is almost 3 times that of India. Farm practices are highly mechanized in China and fertilizer & chemical usage is optimized. The imports from China are diverse, from fiber to garments all types of products are being imported.

India’s textile sector enjoys good growth prospects, owing to its long-standing traditions of textile and apparel manufacturing, and steady government support. In addition, this country of 1.4 billion people is home to a rising and increasingly affluent middle class that wishes to spend more on both home textiles and clothing.

HuaFang Group, Jiangsu Hengli Chemical Fiber Co., Ltd., Raymond Group, Ruby Mills Ltd., Shandong Demian Incorporated Company, Shandong Ruyi Technology Group Co., Shenzhou International Group Holdings Ltd., and Toray Industries, Inc., are some of the giants working in the Asia-Pacific textile market. Apart from the international players operating in the region, a huge number of small-scale distributors have also been working in the market for so many years. 

Research Methodology

The market study of the Asia-Pacific textile market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Textile Market Research and Analysis by Material
2. Asia-Pacific Textile Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Asia-Pacific textile market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific textile market.
• Insights about market determinants which are stimulating the Asia-Pacific textile market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.