New Delhi, April 6 The size of the textiles market has increased from ₹4.89 lakh crore in 2010 to ₹14.95 lakh crore in 2024, representing a compound annual growth rate (CAGR) of 8.3 per cent, according to a Textile Ministry survey unveiled on Monday.
The report, titled "Domestic Demand of Textiles – Market for Textiles and Clothing: National Household Survey 2024," released by Textiles Minister Giriraj Singh, estimates the domestic demand for textiles and apparel (T&A) in the household sector.
Products made from synthetic fibers (MMF) and blended fiber-based products account for 52.2 per cent, followed by 41.2 per cent by cotton-based products.
On the other hand, silk and wool-based fiber-based products contribute 5.2 per cent and 1.3 per cent, respectively, to the product basket.
In absolute terms, the demand for MMF and blended textiles recorded the most significant growth, with demand increasing from ₹1.47 lakh crore to ₹4.47 lakh crore, at a CAGR of 8.28 per cent.
Cotton maintained its position as the second most important fiber, with aggregate demand increasing from ₹0.87 lakh crore to ₹3.53 lakh crore with a CAGR of 10.53 per cent.
The demand for silk and wool-based products increased at a CAGR of 8.93 per cent and 7.02 per cent, respectively, during the same period.
"It is important to note that while cotton-based products retained their position as one of the major contributors in terms of consumer preference patterns, the preference towards man-made fiber-based products has increased substantially during the period," the textiles ministry stated.
The comprehensive study serves as an important reference for trade and industry stakeholders, in addition to policymakers, to develop a desired strategy for the growth of the sector.
According to the study conducted by the Textiles Committee under the ministry, the domestic demand for textiles has experienced robust growth over the last 15 years.
Out of the total market size, the contribution of households has increased from ₹4.18 lakh crore in 2010 to ₹8.77 lakh crore in 2024, and played a pivotal role in driving the domestic demand of textiles in the country.
At the same time, the per capita demand increased from ₹2,119 in 2010 to ₹6,066 in 2024, a CAGR growth of 7.8 per cent, reflecting a strong growth trajectory. The estimates show a robust growth in per capita demand for textiles by individuals during the same period.
The study further shows that women consumers, who are the major buyers of textile products, have contributed 55.5 per cent of textile purchases compared to 44.5 per cent by men.
Among the major demanded textiles, products like shirts, sarees, trousers, salwar kameez, men's jeans, T-shirts, ladies dress material, shirting, dhoti, banian and underwear remained the most widely demanded products in the domestic market.
At the same time, men's jeans emerged as the fastest-growing category with a robust growth among the men's wear segment, while products like leggings have emerged as important preferred products among women consumers.
One of the important findings of the study is the growing demand for the use/adoption of sustainable textile products among Indian consumers.
"The demand pattern indicates that Indian consumers have increasingly adopted sustainable textiles in addition to opting for recycled/reprocessed/reused/retailored garments," the ministry said.
The total demand for sustainable textiles, including reused and retailed products, is estimated at ₹37,000 crore in 2024, out of which reused/retailored textiles account for around 58 per cent of the consumption basket, indicating the growing role of reuse and recycling practices in promoting circularity in the textile sector, it added.
The report has also highlighted the increasing adoption of technical textiles in the household consumption basket. Among the technical textiles products, the demand for masks, sanitary napkins, bandage cloth, tents, seat cover fabrics, wipes, diapers, napkins, bandages, car seat covers, and surgical disposables has experienced a significant growth in rural and urban areas.
It is important to note that the rural households account for nearly 58 per cent of the consumption of technical textiles, while urban households contribute around 42 per cent.
The report is expected to provide valuable inputs for policy formulation and stakeholders of the trade and industry in devising business decisions for the domestic textiles market.