According to TechSci Research report, “India Textile Market- By Region, Competition, Forecast and Opportunities, 2020-2030”, the India Textile Market was valued at USD 178.26 Billion in 2024 and is anticipated to grow with a CAGR of 9.73% through 2030. Technological advancements play a crucial role in the growth of the Indian textile market. The use of automated machinery and processes boosts production speed and lowers labor costs, resulting in increased efficiency and output. Innovations in materials, such as moisture-wicking fabrics, temperature-regulating textiles, and sustainable fibers, address evolving consumer preferences and functional needs.
The integration of digital technologies, including IoT and AI, allows for real-time monitoring, predictive maintenance, and optimized supply chain management, minimizing waste and enhancing responsiveness. For example, in August 2024, Seematti, a historic textile retail chain in India, launched an AI-based fashion brand ambassador named Isha Ravi to represent the 110-year-old company. Computer-aided design (CAD) software enables more complex and precise designs, empowering manufacturers to innovate and differentiate their offerings. Advances in dyeing and finishing processes, such as waterless dyeing and biodegradable chemicals, lessen the environmental impact of textile production, aligning with consumer demands for sustainability.
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Investments in research and development foster the creation of new products and enhancements to existing technologies, helping manufacturers stay competitive. In August 2024, the government approved grants of USD 0.059 Million each for four startups in technical textiles and allocated nearly USD 2.38 Million to five educational institutions for introducing courses in this field under the National Technical Textiles Mission. Advanced manufacturing techniques support customization, allowing consumers to tailor products to their preferences, which boosts customer satisfaction. These factors not only drive growth but also enhance the competitiveness of Indian textiles in the global market.
The India Textile Market is segmented into type, raw material, product, process, application, regional distribution, and company.
Based on the raw material, the cotton emerged as the dominating segment in the Indian market for Textile in 2024. India ranks among the world's largest cotton producers, guaranteeing a steady and plentiful supply for the textile industry and minimizing reliance on imports. Cotton is highly valued for its softness, breathability, and comfort, making it the fabric of choice for both clothing and home textiles, particularly in warmer climates where consumers prefer its natural feel. Its versatility allows for a wide range of applications, from traditional garments to technical textiles, enabling manufacturers to produce everything from casual wear to high-performance fabrics. The cultural significance of cotton in India is profound, with various regions known for their distinctive handloom creations, such as sarees and dhotis, which enhances local demand and helps preserve traditional craftsmanship.
The global market shows robust demand for cotton textiles, making them a crucial export commodity for India and encouraging further investment in cotton production and processing. As consumers grow more environmentally aware, cotton's reputation as a natural and biodegradable fiber makes it more appealing compared to synthetic options. The well-established infrastructure for cotton cultivation, processing, and manufacturing supports efficient production and distribution in the textile sector. Ongoing innovations in cotton processing, including organic production and fiber blends, further enhance its appeal and functionality, aligning with modern consumer preferences. These elements establish cotton as the dominant raw material in the Indian textile market, driving demand and ensuring its lasting importance in the industry.
Based on the region, the West India emerged as the fastest growing region in the Indian Textile market during the forecast period. Gujarat is recognized as a key textile manufacturing hub in India, characterized by its extensive network of textile mills and processing units, which underpins significant industry growth. The Western region offers a diverse range of textiles, including cotton, denim, and technical fabrics, catering to various consumer needs and market segments, thereby enhancing its market presence. This region attracts substantial investments from both domestic and international companies, with many focusing on modern technologies, automation, and innovative practices to boost productivity and efficiency. Government support at both state and central levels provides incentives, subsidies, and initiatives designed to promote the textile industry, creating a favorable environment for growth. For example, in October 2024, the Gujarat government unveiled a new textile policy that includes various subsidies and financial incentives for entrepreneurs looking to establish operations in the state, aiming to attract an investment of USD 3.57 Billion in the textile sector.
The Western region also benefits from its proximity to major ports, such as those in Mumbai and Kandla, which facilitates the easy export of textile products, enhancing competitiveness in international markets. Additionally, a skilled labor force well-versed in various textile processes contributes to high production quality and efficiency, supported by training programs and vocational education initiatives. Rising consumer demand for trendy and diverse textile products, fueled by urbanization and changing lifestyles, is further driving growth in this region. These factors collectively establish the Western region of India as a significant player in the textile market, contributing to its rapid expansion and strengthening its position in both domestic and global textile industries.
Major companies operating in India Textile Market are:
- Reliance Industries Ltd.
- Vardhman Textiles Ltd.
- Arvind Limited
- Welspun India Ltd.
- Grasim Industries Limited
- Siyaram Silk Mills Ltd.
- Sutlej Textiles and Industries Ltd.
- Morarjee Textiles Limited
- Trident Limited
- Century Textiles & Industries Ltd.
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“The Indian textile market is set for remarkable transformation, combining traditional craftsmanship with contemporary innovations. There’s a resurgence in interest for handloom and artisanal textiles, fueled by consumers’ increasing preference for sustainable and ethically sourced materials. The integration of digital technologies, like blockchain for better supply chain transparency, can enhance trust and traceability in the industry. With a young and fashion-savvy population, there’s a rising demand for innovative designs and functionalities. Government initiatives focused on boosting exports and skill development can empower local artisans, positioning India as a significant contender in the global textile market,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“India Textile Market By Type (Yarn & Fiber, Processed Fabrics & Apparel), By Raw Material (Cotton, PSF, PFY, NFY, VSF, VFY, PPMFY, Others), By Product (Natural Fibers, Polyesters, Nylon, Rayon, Others), By Process (Woven, Non-woven), By Application (Household, Technical, Fashion & Clothing, Others), By Region, Competition, Forecast and Opportunities, 2020-2030”, has evaluated the future growth potential of India Textile Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Textile Market.
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