Global textiles fibre market is witnessing a sweeping change in share and size

Global textiles fibre market is witnessing a sweeping change in share and size. Cotton fibre market is shrinking while polyester fibre market will peak out despite largest share. Vegetation based cellulosic fibre is grabbing a larger market due to its softness and cotton-like feel. The global market is likely to grow to 110.636 million ton (110,636.89 KT) by 2025.

According to an analysis based on data from Fibre2Fashion’s market insight tool TexPro, polyester fibre market was 44.672 million ton in 2015 which grew to 55.759 million ton in 2021. Its market share also increased from 52.38 per cent to 57.57 per cent in the same period. But the market share will reduce to 56.36 per cent (62.950 million ton) by 2025. The annual growth of polyester fibre will be 3.1 per cent against total textiles fibre market growth of 3.29 per cent during 2020-2025