The Asia Pacific Home Textiles Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
The emergence of the latest technologies has transformed conventional household textile businesses into a high -performance textiles by enhancing durability & adding various functionalities and applications to home textiles. This would further allow the users to adopt the trends such as electronic textiles, a combination of sustainable material that is easily disposable & reusable, and integration of nanotechnologies into daily lives.
The manufacturers are offering products as per the seasonal requirement which include the bedsheets made by using warm woolen fabrics designed for winters, and cotton bedsheets for summers. The continuous growth of the furniture industry in developed as well as developing nations is anticipated to support the development of the home textile market. The need for table and bed linen is arising from the hospitality sector which comprises various luxury hotels and restaurants.
The manufacturers in the market are focused on producing innovative bed linen. People across the globe are migrating to urban areas from rural areas and thus are adopting the modern lifestyle. Due to this, these people are more focused on home decor and are demanding different types of home textiles.
In the Asia Pacific region, the home textile market is expanding due to rising innovations in the sector as well as growing consumer demand for aesthetic home decor. Due to technological advancements, market players now have various opportunities for innovations. The Indian textile industry is the mass producer as well as consumer of various textile products such as home textiles. Along with this, the region’s textile industry is adopting advanced technologies such as smart textiles, vegan silk production, and others. These innovations would offer various opportunities to local as well as international market players to expand their reach in the region. All these elements would support the market growth for home textiles in the Asia Pacific region.
The China market dominated the Asia Pacific Home Textiles Market by Country in 2021; thereby, achieving a market value of $19.8 billion by 2028. The Japan market is registering a CAGR of 5.6% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 6.9% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Bedroom Linen, Bathroom Linen, Carpets & Floor coverings and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Home Textiles Market is Projected to reach USD 165.7 Billion by 2028, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Evonik Industries AG (RAG-Stiftung), PPG Industries, Inc., Agropur Dairy Cooperative, Huber Engineered Materials (J.M. Huber Corporation), Kao Corporation, Solvay SA, Univar Solutions, Inc., Cabot Corporation and Brenntag SE.
By Distribution Channel
By Product
By Country
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