Textile Market in India – Size, Forecast, and Competitive Landscape: Explore Ken Enterprises’ Potential in India

Market Outlook: Textile Market in India 2025-2029

The textile market in India is one of the largest in the world, driven by strong domestic demand, a rich heritage of craftsmanship, and a growing focus on sustainable and innovative fabric production, making it a key player in the global apparel and textile industry. The market is expected to grow by USD 20-25 billion at a CAGR of 5%-9% between 2025 and 2029. Exact values for this market can be accessed upon purchasing the report. Key companies in this market include:

• Vardhman Textiles
• Arvind Ltd
• Raymond Ltd
• Mafatlal Industries
• Grasim Industries
• Others

IPO Company Overview: Ken Enterprises in the Indian textile market

Ken Enterprises Ltd recently launched its IPO on the NSE SME in February 2025, creating a new opportunity for investors. Ken Enterprises specializes in the manufacture and supply of textiles. With a commitment to innovation and customer satisfaction, Ken Enterprises offers a wide range of textile products that cater to various segments, including apparel and home textiles.

Market Segmentation: How is the Indian textile market segmented?

By Product Type

• Yarn
• Fabric
• Apparel
• Home Textiles
• Technical Textiles

By Application

• Fashion and Clothing
• Home Textiles
• Industrial Textiles
• Medical Textiles
• Automotive Textiles

Apparel is the leading product category, driven by India's large domestic market for clothing, as well as strong export demand for ready-made garments. With the growth of e-commerce, fast fashion, and a rising middle class, the apparel segment has seen substantial growth in recent years.

Investment Opportunities: Why explore the Indian textile market with Technavio?

Recent developments in the textile market in India highlight a significant shift towards sustainability and innovation, driven by both consumer demand and industry regulations. Indian textile manufacturers are increasingly adopting eco-friendly practices, such as using organic cotton, reducing water consumption, and exploring alternative, sustainable fibers like bamboo and hemp. The growing emphasis on sustainability is also seen in the adoption of technologies like waterless dyeing and sustainable packaging, aligning with global environmental goals. Additionally, India's government has launched various initiatives like the "Atmanirbhar Bharat" and the Production-Linked Incentive (PLI) scheme to boost textile manufacturing and make India a key player in the global textile market. These developments are positioning India to not only meet domestic demand but also increase textile exports, particularly in areas like apparel, home textiles, and technical textiles.

The market has also witnessed the integration of digital technologies, with online retail platforms seeing explosive growth, offering consumers access to a wide range of products. Digitalization is making an impact at every level, from manufacturing and supply chain management to design and consumer engagement. The growth of India’s fashion and apparel segments, powered by digital transformation and fast fashion, is reshaping the market landscape. Furthermore, a shift in consumer preferences towards comfortable, casual, and athleisure wear has accelerated demand, particularly during the post-pandemic period. The textile market in India continues to evolve with these trends, while new opportunities for innovation in technical textiles, such as medical, automotive, and industrial textiles, open new avenues for growth.

Market Dynamics: What factors are influencing the textile market in India?

Drivers:

The textile market in India is primarily driven by a combination of strong domestic demand, increasing disposable income, and the growing middle class. A shift towards fashion-consciousness, as well as the rise of online retail and e-commerce platforms, has accelerated consumption in both urban and rural areas. Additionally, government initiatives like the Production-Linked Incentive (PLI) scheme, aimed at boosting textile manufacturing and exports, have created a favorable business environment. The market is also supported by India’s abundant raw materials, including cotton, and the nation’s expertise in textile manufacturing, making it a global hub for textiles.

Trends:

Key trends in the Indian textile market include a rising focus on sustainable and eco-friendly practices, with both manufacturers and consumers leaning towards organic cotton, waterless dyeing technologies, and recycled materials. The increasing demand for athleisure, casual wear, and comfortable clothing, driven by lifestyle changes and the work-from-home culture, is reshaping product offerings. Additionally, digital transformation is gaining traction, with textiles leveraging AI and digital tools for design, production, and consumer engagement. The online marketplace is booming, and more brands are investing in omnichannel strategies, blending physical and digital retail experiences.

Opportunities:

India’s textile market presents vast opportunities in both the domestic and export sectors. The increasing global demand for sustainable textiles offers manufacturers the chance to cater to international markets focused on eco-conscious products. Additionally, the demand for technical textiles, including fabrics used in automotive, medical, and industrial applications, is growing rapidly. With government initiatives to boost the “Make in India” and “Atmanirbhar Bharat” programs, Indian textile manufacturers are also poised to benefit from increased local production and innovation. As global fashion brands shift their supply chains to India, the country’s textile export potential remains strong.

Challenges:

Despite the growth potential, the Indian textile market faces several challenges, including inconsistent raw material quality, labor shortages, and the need for more advanced technological adoption. Many small and medium-sized textile units struggle with outdated equipment and inefficient supply chains. Additionally, the industry faces environmental concerns related to excessive water usage, chemical waste, and pollution, which have led to stricter regulations. Furthermore, competition from low-cost countries like China and Bangladesh puts pressure on Indian manufacturers to improve their cost competitiveness and product innovation. Ensuring ethical practices and sustainability across the supply chain remains an ongoing challenge.

Investment Questions: Topics to consider when investing in the textile market in India

How competitive is the Indian textile market, and who are the key players?
Identifying major competitors, their market share, and their strategies will help investors understand the competitive landscape and positioning opportunities.

How will sustainability and eco-friendly practices impact the industry?
With increasing demand for sustainable products, investors should consider the role of sustainable practices, such as the use of organic materials and eco-friendly manufacturing processes, in shaping market growth.

What are the potential export opportunities and challenges for Indian textiles?
India’s position as a global textile hub presents opportunities for exporting to international markets. Understanding export trends, trade agreements, and competition from other countries is crucial.

What are the risks associated with supply chain and raw material availability?
Factors such as the availability and cost of raw materials (e.g., cotton) and supply chain disruptions (e.g., due to geopolitical issues or environmental factors) should be assessed for risk management.

What technological innovations are shaping the textile industry in India?
Investing in companies adopting new technologies such as AI in design, automation in manufacturing, and digital retail strategies will position investors to take advantage of cutting-edge advancements in the industry.

For a detailed analysis of the textile market in India, buy the full report

Technavio Report Insights: How Can Technavio Reports Help Investors Make Better Business Decisions?

Key Features of a Technavio Report: 

• Comprehensive Market Analysis: Provides a detailed overview of the textile market in India, including market size, growth rate, segmentation, and regional analysis. 

• In-Depth Competitive Landscape: Offers insights into the competitive dynamics, market share and positioning, and product offerings of key players. 

• Future Market Trends: Identifies emerging trends and opportunities that can shape the future of the market. 

• Detailed Segmentation: Breaks down the market into various segments to help investors identify specific niches and target markets. 

• Expert Analysis: Provides expert insights and forecasts from industry analysts

FAQ

1. What are the key drivers of the textile market in India?
Key drivers include increasing disposable incomes, rising middle-class population, growing demand for fashion and apparel, government initiatives like the Production-Linked Incentive (PLI) scheme, and a focus on sustainability in production processes.

2. Which segments are growing the fastest in the textile market in India?
The fashion and apparel segment, particularly driven by fast fashion, casual wear, and online retail, is seeing rapid growth. Additionally, technical textiles, including medical, automotive, and industrial textiles, are gaining traction due to their diverse applications.

3. What are technical textiles, and how are they contributing to the market?
Technical textiles are fabrics designed for specialized applications such as medical, automotive, and industrial uses. The growth of this subsegment is driven by demand for innovative solutions in these industries, making it one of the key emerging areas in the textile market.

4. How important is sustainability in India’s textile industry?
Sustainability is a significant focus, with increasing consumer demand for eco-friendly products and stricter regulations on environmental impact. Manufacturers are increasingly adopting sustainable practices like using organic cotton, reducing water consumption, and using eco-friendly dyes.

5. What is the impact of government initiatives on the textile industry in India?
Government initiatives like the "Atmanirbhar Bharat" program and the Production-Linked Incentive (PLI) scheme have been instrumental in boosting textile manufacturing, encouraging innovation, and increasing the country's textile export potential.