The North American textile market is anticipated to grow at a CAGR of around 4% during the forecast period. There are numerous demand drivers in the region for the textile industry. Growth in the population, aging of the population, increasing environmental concerns, geopolitics, and world conflicts, and favorable government regulations and trade agreements are the primary drivers of the textile market in the region. Sustainable and recyclable textile materials and products have seen a tremendous upsurge in the region as the present society is becoming increasingly concerned by the human impact on the environment, the textile industry is very much keen to respond to the newer environmental concerns, not only in terms of best practices in production processes but also through new product developments.
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The North American 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 synthetic segment is expected to be the front-runner and grow at a rapid pace during the forecast period. High demand in the fashion and apparel industry and the high growth rate of construction and automotive industries, especially in emerging economies, is driving the growth of the market. The application segment includes fashion and clothing, industrial/technical, and household. The household applications segment is anticipated to lead the market share by a hefty share and grow at an increased rate due to the growing fashion sensitivity of urban consumers toward home furnishings. The household textile products with unique features, designs, and utility, are comparatively higher-priced than other types of conventional home textile products. The superior-quality, comfortable, and innovative home textiles are in high demand among the customers. In order to meet the rising demand, manufacturers increased investment in the new production capacity.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
North American Textile Market Report Segment
By Material
- Cotton
- Jute
- Silk
- Synthetic
- Wool
- Others
By Application
- Fashion and Clothing
- Industrial/Technical
- Households
North American Textile Market Report Segment
- US
- Canada
The Report Covers
- Comprehensive research methodology of the North American 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 North American textile market.
- Insights about market determinants which are stimulating the North American textile market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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