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Indian Textile and Apparel Market: Industry Trends, Share, Size, 10% Free customization
Growth, Opportunity and Forecast 2019-2024
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The Indian textile and apparel market was worth US$ 102.2 Billion in 2018. The market is
further projected to reach US$ 225.7 Billion by 2024, growing at a CAGR of 14.2% during 2019-
2024. Textile is a term widely used for referring to woven fabrics, yarns and fibers made from
jute, polyester, cotton, wool, etc. In India, the textile and apparel industry is one of the oldest Inquire Before Buying
industries that has witnessed numerous developments over the years. The modern textile
industry, however, came into recognition in the early 19th Century with the establishment of the Request Brochure
first textile mill in Calcutta. Today, the textile and apparel market has become a vital contributor
to the Indian economy. This can be attributed to the abundant availability of raw materials used Ask An Analyst
for manufacturing apparel such as cotton, silk, wool, etc. The Government is also making
investments under the Scheme for Integrated Textile Parks and the Technology Upgradation Request Customization
Fund Scheme for training workforce and to encourage private investment in the Indian textile
and apparel industry.

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Indian Textile and Apparel Market Drivers:

India represents the largest producer of jute and cotton, and the second largest producer
of silk. Due to the high abundance of raw materials coupled by cheap labour costs, the cost
of manufacturing textile and apparel is significantly lower than many other competing
countries.
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 India currently has one of the world’s largest young population. Currently around half of
the total population is below 25 years of age. This age group represents one of the biggest
consumer group of textiles and apparel and is expected to drive the spending over the next
five years.
Catalyzed by increasing penetration of the internet, online retailing has witnessed strong
growth in the country. Consumers are now looking for ease of shopping, multiple options,
better offers and easy return policies. The growth in online sales have enabled the textile
industry to reach consumers residing across every corner of the nation.
Due to a change in buying habits, consumers are now shifting from need-based clothing to
aspiration-based clothing. Contrary to previous years, where Indian consumers purchased
fashion items as and when required, buying clothes has become more than a basic need; it
is now a reflection of aspiration, personality, and a status symbol. Though basic textiles
continue to represent a part of the consumer’s basket, the demand for aspirational
clothing has increased significantly in recent years.

Breakup by Application:

The textile and apparel market has been segmented on the basis of applications which mainly
include clothing, technical, household and fashion. Amongst these, clothing is the largest
segment.

Breakup by Raw Material:

Based on raw materials, the market has been segmented into natural and man-made fibers.
Currently, natural fibers represent the largest segment.

Breakup by Product Type:

On the basis of product type, the market has been categorized into yarn, fabric and fiber.
Amongst these, yarn is the most popular product type.

Breakup by State:

On a regional basis, Maharashtra represents the largest market for textiles and apparels in
India. Some of the other major markets include Uttar Pradesh, Tamil Nadu, Gujarat and
Karnataka.

Competitive Landscape:

The competitive landscape of the Indian textile and apparel market has also been examined in
this report along with the profiles of the leading players operating in the market.

This report provides a deep insight into the Indian textiles and apparels market covering all its
essential aspects. This ranges from macro overview of the market to micro details of the
industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s
five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs,
investors, researchers, consultants, business strategists, and all those who have any kind of
stake or are planning to foray into the Indian textile and apparel industry in any manner.

Key Questions Answered in This Report:

How has the Indian textile and apparel market performed so far and how will it perform in
the coming years?
What are the key states in the Indian textile and apparel market?
Which are the popular product types in the Indian textile and apparel market?
What
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cookies segments
(including in the
third-party Indian to
cookies) textile anduser’s
record apparel market? which help us to
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What are the major raw materials in the Indian textile and apparel market?
 What are the various stages in the value chain of the Indian textile and apparel market?
What are the key driving factors and challenges in the Indian textile and apparel market?
What is the structure of the Indian textile and apparel market and who are the key players?
What is the degree of competition in the Indian textile and apparel market?

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