The Annual Textile & Apparel Industry Report 2025, an in-depth analysis of the global and Indian textile and apparel (T&A) sectors. As a leading consulting firm in the industry, it has compiled this report to provide key insights, trends, and forecasts that are shaping the future of the T&A domain.
The report covers various facets, including:
A global market overview, trade dynamics, and country rankings.
The Indian T&A market's current status, export trends, and industry projections.
Innovations and technological advancements in the sector, with a focus on sustainability and digital transformation.
Profiles of leading Indian public-listed companies contributing significantly to the industry's growth.
Trend Reversal: Signs of Recovery
The textile and apparel market is beginning to recover following the challenges of 2023. Improving consumer
sentiment, a gradual resurgence in demand for casual & athleisure wear and easing supply chain disruptions
were the key drivers of this change.
While the recovery remains cautious, it signals a potential positive trajectory for the industry.
Geopolitical Conflicts: Continued Impact on the Industry
The ongoing Russia-Ukraine war remained a major reason of high inflation and subdued consumer demand
across Europe. The Red Sea conflict disrupted freight costs and transit times in early 2024, adding to
logistical challenges. Meanwhile, civil unrest in Bangladesh following the change in leadership impacted the
country’s supply chain.
Sustainable Transformation: Transition towards Circularity and Sustainability
The global textile industry is accelerating its adoption of initiatives aligned with circular economy &
sustainability principles, with each passing year. It is being driven by emphasis of policymakers as well as
fashion brands and retailers. This collective push is fostering innovation in materials, production processes, and
waste management.
What to Expect in 2025?
Improved Prospects in Global Trade: A Year of Recovery
With threat of recession in the west now in hindsight, coupled with the potential end of Russia-Ukraine war,
demand growth is expected to revive. The supply chain disruptions that have hindered trade in recent years
are anticipated to ease, further contributing to overall industry recovery and growth.
Higher Tariffs on China: Reduced Trade Share and Investment Outflow
The possibility of higher tariff on Chinese-originating goods by US will lead to further reduction in China’s global
trade share. The ongoing trend of shifting trade & investment to countries like Bangladesh, Vietnam,
Cambodia, and India is poised to persist, fostering export growth in these nations.
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Sourcing Consolidation: Buying More from Less
In the last few years, buyers have increasingly embraced an integrated sourcing approach, favoring fully
vertically integrated suppliers over smaller, fragmented ones. This trend is set to accelerate, driving the rapid
and continued consolidation of smaller players into fully integrated suppliers.
Sustainable Transformation: Transition towards Circularity and Sustainability
The global textile industry is accelerating its adoption of initiatives aligned with circular economy &
sustainability principles, with each passing year. It is being driven by emphasis of policymakers as well as
fashion brands and retailers.
Digitalization & AI: Growing Influence in the Textile Sector
Digitalization & AI are progressively being integrated into the textile sector in process control, demand
forecasting, quality control, inventory management, etc. With likely positive results, role of these technologies
is expected to expand, transforming various aspects of the industry.
Key Happenings in 2024
Quality Compliance Orders
High Growth of Sportwear and Athleisure
New State Policies
Moving story
Industry Consolidation
Growth of Mass Market Brands
Accelerating Sustainability Trends