The global textile staples market is valued at US$ 1,61,280.2 Million in 2022, with sales projected to surge at 5.5% CAGR over the forecast period (2022 to 2032). Demand in the market is anticipated to reach US$ 2,75,489.9 Million by 2032. Increased consumption of textile staples in various industries such as apparel, general and leisure, sportswear, interior flooring, and others is expected to push sales during the forecast period.
Based on application, the apparel segment is likely to contribute over 50% of sales and register growth at nearly 3.6% CAGR during the assessment period. Besides this, the interior flooring segment is anticipated to witness the fastest growth over the forthcoming decade. Regionally, Asia Pacific Excluding Japan (APEJ) is expected to be the leading region during the upcoming decade.
Which are the Key Trends Propelling the Demand in Textile Staples Market?
Growing Demand For Sustainable Textiles to Benefit Textile Staples Market
Preference for natural staple fibers like cotton, jute, and wool is increasing compared to synthetic staple fibers like viscous rayon and polyester. As the consumption of synthetic staple fibers negatively impacts the environment, the demand for natural and eco-friendly textiles is predicted to aid the growth.
One of the most extensively grown and utilized staple fibers in the textile industry is cotton, opines FMI. It is regarded as a multipurpose fiber that has qualities like cooling, absorption, and softness and is used to make clothing for hot weather. Wool from sheep has insulating qualities which makes it excellent for use in the production of knitted warm clothing.
However, synthetic fibers are also extensively used among end users. Hence, key companies are producing one of the most popular synthetic fibers, polyester, in a sustainable manner. PET bottles and polyester waste can be used to create recycled polyester staple fiber. Among other things, recycled polyester is utilized in carpets, pillows, blankets, and high-end cushions.
According to ITP Media (India) Pvt. Ltd., India has spent US$ 2.5 billion on the textile industry and will host “Textile Week” at the Indian Pavilion in EXPO2020. As a result, the global staple fiber market is expanding due to increased investment in the textile sector and a rise in demand for sustainable textile materials.
What are the Disadvantages Associated with the Use of Synthetic Fiber?
Numerous industries, including furniture, textile agriculture, personal care & hygiene, and construction, employ textile staples fibers. It is produced from organic and synthetic materials. Despite having several advantages, synthetic staple fiber has several drawbacks that could slow the market’s expansion.
Poor hygroscopicity makes synthetic staple fibers like polyester, as these fibers are easily attracted to dirt and static electricity. After washing, it gets dry and loses its beauty and comfort. It also becomes sticky, uncomfortable, and clammy in hot or humid conditions since it is not breathable and traps heat on the skin. Thus, the demand for synthetic textile fibers is likely to be hampered due to their flammability, ability to retain odors, and poor moisture absorption.
Country-wise Insights
What is the Demand Outlook for the USA Textile Staples Market?
Leading Textile Manufacturers in the USA to Collaborate with End Users to Gain Revenue
In 2022, the USA textile staples market is expected to have a value share of 6.1%. Demand in the market will surge as textile manufacturers shift from producing commodity goods to specialized products such as technical textiles. As these textiles are substituting conventional fabrics, and non-fiber materials, such as metals, the demand for textile staples is expected to gain traction.
Textile manufacturers shifting from manufacturing generic textile products to niche technical textile products are facing lesser international competition. The main focus of manufacturers is the production of cheap textiles in higher volumes. Subsequently, leading companies in the USA are expanding their product lineup in the healthcare-related business to gain a competitive edge.
Additionally, medical textile manufacturers are focusing on refining existing products as well as on new product development to derive new materials with improved designs and features. All these factors are expected to boost the demand in the USA textile staples market.
Why is China Considered the Most Remunerative Textile Staples Market?
Export and Import of Textile Staples in China to Gain Traction through 2022 & beyond
China is estimated to be a prominent producer and consumer of textile staples globally, accounting for about 70% of the share in East Asia. The rapid growth in the construction and industrial sectors is anticipated to propel the consumption of textile staples.
Statistics from 2020 show that China’s building industry added almost US$ 1,09 Trillion to the global economy. As China is considered to have the world’s largest textile industry, staple fibers including polyester, cotton, and cellulosic are used frequently to alter the properties of the yarn.
Further, China is the world’s top producer and exporter of textiles, with a value of over US$ 154 billion, according to data from 2020. On the back of these factors, the sales in China’s textile staples market are projected to rise at a robust pace over the forecast period.
Category-wise Insights
What is the Most Preferred Fiber Type in Textile Staples Market?
Synthetic Fiber to Account for Mammoth’s Share in Textile Staples Market
In terms of fiber type, polyester staple fiber is expected to witness an increased demand in recent years. Monoethylene glycol (MEG) and refined terephthalic acid are the two main raw ingredients used in the manufacture of polyester fiber (PTA). For woven fabrics, polyester yarn, cushions, and sofa fillings, this fiber is widely utilized.
Used PET bottles and polyester waste are used to create recycled polyester staple fiber. It has exceptional resilience qualities and can be utilized in a variety of products, such as geotextile, cushion filling, pillows, soft toys quilts, and non-woven carpets, As a result, the market is expanding due to the spike in demand for polyester staple fiber in a variety of applications.
Why is Medical Industry the Leading Application in Textile Staples Market?
Rising Application of Textile Staples for Hygiene Products in the Medical Industry to Push Sales
Due to its lightweight, high strength, softness, and hydrophobic or hydrophilic nature, staple fiber is widely utilized in the personal care and hygiene business. Staple fiber is used in a variety of disposable products, including diapers, face masks, sanitary towels, hand towels, and body care items. Cotton’s strong adsorbent qualities and hypoallergenic nature make it a key component in the creation of non-woven medical products. At the moment, wipes, adult incontinence products, feminine hygiene products, and other items are widely using natural fiber.
According to Innovation in Textile, Les Alchimistes and Belgian diaper manufacturer Ontex have partnered to create compostable diapers with the goal of decomposing 500 million diapers by the end of 2030. Thus, increasing demand in the hygiene and personal care sectors is boosting sales in the market.
Competitive Landscape
Key manufacturers are strategically increasing their market presence across the globe by penetrating into emerging economies to set up their manufacturing units to decrease operating costs and maximize profit. For Instance,
In February 2021, Oerlikon Group has introduced its products on the digital platform Xibo. The company operates in manmade fibers filament spinning systems, and staple fiber systems, and provides a solution for the production of nonwovens.
In February 2020, Eastman has announced the expansion of its Naia fiber portfolio at Premiere Vision Paris (PV). The company has introduced a new cellulosic staple fiber Naia which offers a versatile eco-conscious material choice for sustainable fashion.
