Global Home Textile Market Value, per CARE Analytics and Advisory Private Limited (CareEdge Research), Feb 2025 (commissioned by a company).
Source: CARE Analytics and Advisory Private Limited (CareEdge Research), Feb 2025 [1]
The global home textile market, valued at USD 122 billion in CY23, is projected to reach USD 134 billion by CY24, expanding at a CAGR of 5-5.5% until 2030. The Indian textile industry contributes approximately 6% to national GDP and 15% to the Index of Industrial Production (IIP), ranking as the third-largest textile manufacturer globally. India targets a threefold increase in textile exports to Rs. 9 lakh crore by 2030, supported by government initiatives such as PLI for Textiles, PM MITRA parks, and RoDTEP/RoSCTL schemes. [1]
| Figure | Period | Value |
|---|---|---|
| Global Home Textile Market Value [1] | CY23 | US$122 billion |
| Global Home Textile Market Projected Value [1] | CY24 | US$134 billion forecast |
| Global Home Textile Market CAGR [1] | 2023–2030 | 5.4% forecast |
| India Share in Global Textile Production [1] | CY24 | 6% |
| Textile Industry Contribution to India GDP [1] | FY2024 | 6% |
| Textile Industry Contribution to Index of Industrial Production [1] | FY2024 | 15% |
Key demand drivers include rising global and domestic apparel consumption, growth in home textiles, government policy incentives (PM MITRA, PLI Scheme, Samarth scheme), and technological integration of digital and rotary screen hybrid printing. Primary industry challenges stem from raw material price volatility (nickel metal supply disruptions from Indonesia, Russia, and Philippines), high technical electroforming precision requirements, and competition from low-cost unorganized suppliers. [1]
Rotary nickel screens are critical consumable components in textile printing machines, manufactured primarily from pure nickel using electroforming. Global rotary nickel screen sales volume reached 7,693 thousand units in CY24 (up from 6,165 thousand units in CY20) and is projected to expand to 10,400 thousand units by CY30 at a CAGR of 5.4%. Market value stood at USD 219.4 million in CY24, heavily influenced by global raw nickel price fluctuations, and is forecasted to reach USD 300.4 million by CY30. [1]
| Figure | Period | Value |
|---|---|---|
| Global Sales Volume [1] | CY20 | 6,165 Thousand Units |
| Global Sales Volume [1] | CY24 | 7,693 Thousand Units |
| Global Sales Volume Forecast [1] | CY30 | 10,400 Thousand Units forecast |
| Global Volume CAGR [1] | CY20–CY30 | 5.4% |
| Global Market Value [1] | CY20 | US$151.7 million |
| Global Market Value [1] | CY24 | US$219.4 million |
| Global Market Value Forecast [1] | CY30 | US$300.4 million forecast |
The Indian Rotary Nickel Screen industry is projected to expand at a CAGR of 10.8% in volume terms and 12.6% in value terms during the 2020-2030 forecast period. In CY24, volume across key mesh segments in India included: 40 Mesh (84.9 thousand units), 60 Mesh (142.2 thousand units), 80 Mesh (93.4 thousand units), 105 Mesh (143.6 thousand units), 125 Mesh (173.4 thousand units), and Others (351.1 thousand units). In value terms, 125 Mesh screens generated USD 6.4 million in CY24 and are projected to reach USD 10.5 million by CY30. [1]
| Figure | Period | Value |
|---|---|---|
| Indian Industry Volume CAGR [1] | 2020–2030 | 10.8% forecast |
| Indian Industry Value CAGR [1] | 2020–2030 | 12.6% forecast |
| 40 Mesh Volume [1] | CY24 | 84.9 Thousand Units |
| 60 Mesh Volume [1] | CY24 | 142.2 Thousand Units |
| 80 Mesh Volume [1] | CY24 | 93.4 Thousand Units |
| 105 Mesh Volume [1] | CY24 | 143.6 Thousand Units |
| 125 Mesh Volume [1] | CY24 | 173.4 Thousand Units |
| 125 Mesh Segment Value [1] | CY24 | US$6.4 million |
| 125 Mesh Forecast Value [1] | CY30 | US$10.5 million forecast |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Overview | Global Home Textile Market Value [1] | CY23 | US$122 billion |
| Overview | Global Home Textile Market Projected Value [1] | CY24 | US$134 billion forecast |
| Overview | Global Home Textile Market CAGR [1] | 2023–2030 | 5.4% forecast |
| Overview | India Share in Global Textile Production [1] | CY24 | 6% |
| Overview | Textile Industry Contribution to India GDP [1] | FY2024 | 6% |
| Overview | Textile Industry Contribution to Index of Industrial Production [1] | FY2024 | 15% |
| Outlook and risks | Global Sales Volume [1] | CY20 | 6,165 Thousand Units |
| Outlook and risks | Global Sales Volume [1] | CY24 | 7,693 Thousand Units |
| Outlook and risks | Global Sales Volume Forecast [1] | CY30 | 10,400 Thousand Units forecast |
| Outlook and risks | Global Volume CAGR [1] | CY20–CY30 | 5.4% |
| Outlook and risks | Global Market Value [1] | CY20 | US$151.7 million |
| Outlook and risks | Global Market Value [1] | CY24 | US$219.4 million |
| Outlook and risks | Global Market Value Forecast [1] | CY30 | US$300.4 million forecast |
| Other | Indian Industry Volume CAGR [1] | 2020–2030 | 10.8% forecast |
| Other | Indian Industry Value CAGR [1] | 2020–2030 | 12.6% forecast |
| Other | 40 Mesh Volume [1] | CY24 | 84.9 Thousand Units |
| Other | 60 Mesh Volume [1] | CY24 | 142.2 Thousand Units |
| Other | 80 Mesh Volume [1] | CY24 | 93.4 Thousand Units |
| Other | 105 Mesh Volume [1] | CY24 | 143.6 Thousand Units |
| Other | 125 Mesh Volume [1] | CY24 | 173.4 Thousand Units |
| Other | 125 Mesh Segment Value [1] | CY24 | US$6.4 million |
| Other | 125 Mesh Forecast Value [1] | CY30 | US$10.5 million forecast |
According to CARE Analytics and Advisory Private Limited (CareEdge Research) (February 2025), the global home textile market value market was US$122 billion in CY23.
CARE Analytics and Advisory Private Limited (CareEdge Research) projects US$134 billion by CY24. Forecasts are the source's, not FinMinutes'.
Built from 1 source: 1 company-commissioned report. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →