The 2024 Textile Manufacturing Report provides an analysis of the sector and highlights trends, growth metrics, and investment data. This report covers advancement in smart fabrics, the rise of eco-friendly clothing, and the increasing adoption of automatic packaging. It also provides insights into workforce dynamics, company performance, and financial backing.
This report was last updated in July 2024.
This textile manufacturing report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.
StartUs Insights Textile Manufacturing Report 2024
- Executive Summary
- Introduction to the Textile Manufacturing Report 2024
- What data is used in this Textile Manufacturing Report?
- Snapshot of the Global Textile Manufacturing Industry
- Funding Landscape in the Textile Manufacturing Industry
- Who is Investing in Textile Manufacturing?
- Emerging Trends in the Textile Manufacturing Industry
- 5 Textile Manufacturing Startups Impacting the Industry
Executive Summary: Textile Manufacturing Industry Report 2024
This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 1000+ textile manufacturing startups developing innovative solutions to present five examples from emerging textile manufacturing industry trends.
- Industry Growth Overview: The industry comprises 19300 companies which reflect diversity and growth. It also experienced a 5.54% growth rate in the past year.
- Manpower & Employment Growth: The sector employs over 584K workers, with 20K+ new employees joining last year.
- Patents & Grants: More than 1830 patents and over 100 grants demonstrate the industry’s research and support of innovation.
- Global Footprint: The top five country hubs include India, the USA, the UK, Italy, and Pakistan. The leading city hubs include Mumbai, Istanbul, Ahmedabad, New York City, and Lahore.
- Investment Landscape: The average investment value per round is USD 17.3 million. The sector closed more than 190 funding rounds and attracted over 110 investors. In addition, over 80 companies received investments.
- Top Investors: Top investors include Y Combinator, H&M Group Ventures, BASF Venture Capital, and more, with a combined investment value exceeding USD 120 million.
- Startup Ecosystem: Five innovative startup features include: SOFTNT (polyurethane nano-fiber), Circotex (sustainable coloring), Kleiderly (recycled textile), Sapro-Tech (fungi-based textile), and Ponda (regenerative fibers).
- Recommendations for Stakeholders: Investors should fund companies that build technologies in smart fabrics and sustainable clothing lines. Textile manufacturers should consider implementing automation technologies to enhance operational efficiency and cost-effectiveness. For government bodies, supporting sustainable practices will contribute to national and global environmental goals.
Explore the Data-driven Textile Manufacturing Report for 2024
The Textile Manufacturing Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. Our database includes 1020 startups out of over 19300 companies. The sector has shown a growth of 5.54% in the last year. This growth reflects an increase in employee numbers, with 20500+ new hires. It has a global manpower of over 584100 employees. In addition, it has received more than 1830 patents and 100 grants.
The top five country hubs are India, the USA, the UK, Italy, and Pakistan, with leading city hubs in Mumbai, Istanbul, Ahmedabad, New York City, and Lahore. These regions serve as key centers of innovation and startup activity. The heatmap above presents the concentration and distribution of these data points across globally.
What data is used to create this textile manufacturing report?
Based on the data provided by our Discovery Platform, we observe that the textile manufacturing industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.
- News Coverage & Publications: The textile manufacturing industry received news coverage with more than 470 publications last year.
- Funding Rounds: Our database shows over 190 funding rounds that indicate financial support for the industry.
- Manpower: The industry employs over 584K people and added more than 20K new employees in the past year.
- Patents: The sector received more than 1830 patents.
- Grants: Over 100 grants were awarded for research and development support.
- Yearly Global Search Growth: The industry experienced a yearly global search growth of 6.07%, reflecting increasing public interest and traction.
A Snapshot of the Global Textile Manufacturing Industry
The textile manufacturing industry report reveals that the sector comprises 19300+ companies. It employs a workforce of 584K individuals, with an employee growth of 20K in the past year. This indicates an industry with an expansion in human resources.
Explore the Funding Landscape of the Textile Manufacturing Industry
Financially, the average investment value per round stands at USD 17.3 million which highlights the capital flow in the industry. With over 190 funding rounds closed, the sector attracted more than 110 investors with investments in over 80 companies. This financial backing underscores the industry’s potential for innovation and growth.
Who is Investing in Textile Manufacturing?
The top investors in the textile manufacturing industry collectively invested over USD 120 million. Here’s a breakdown of the key investors and their investments:
- Y Combinator contributed USD 620K across two companies.
- H&M Group Ventures invested USD 88.8 million into two companies.
- BASF Venture Capital allocated USD 11 million to at least one company.
- Think Investments infused USD 16.5 million into at least one company.
- MoreVC provided USD 3 million for at least one company.
Access Top Textile Manufacturing Industry Data & Trends with the Discovery Platform
Explore the key trends in the textile manufacturing industry along with the firmographic data:
- The Smart Fabric sector is growing with 129 companies identified in this space. This trend employs 9K+ people and added 396 new employees last year. The annual trend growth rate stands at 29.61% which indicates increasing market adoption and innovation.
- The Eco-friendly Clothing trend showcases 440 companies that focus on sustainable fashion practices. This segment employs 17K individuals and welcomed 1K+ new employees in the past year. The 32.76% annual trend growth rate underscores the consumer demand for sustainable and environmentally friendly clothing options.
- Automatic Packaging involves 2242 companies. It employs a workforce of 176K+ and added 7K+ new employees last year. The 66.65% annual trend growth rate showcases the high interest in adopting automation technologies in packaging.
5 Top Examples from 1000+ Innovative Textile Manufacturing Startups
The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.
SOFTNT manufactures Nano-Fiber Composite Material
South Korean startup SOFNT’s technology includes manufacturing an absorbent PU nano-fiber composite material that provides breathability while blocking harmful microparticles. This technology utilizes 3D patterns and ergonomic design technologies to optimize medical clothing. The company employs ergonomic pattern design to create functional working wear that maximizes material performance. Its independent sizing system, established through PoC verification offers precision in medical clothing design.
Circotex offers Sustainable Coloring
Dutch startup Circotex builds sustainable textile colors. The startup colors polyester yarns and fabrics without water or added chemicals, to reduce energy use and CO2 emissions. This approach meets the increasing demand for sustainably produced textiles. In addition, Circotex incorporates mechanical and chemical cleaning technologies to enhance sustainability.
Kleiderly provides Recycled Textiles
German startup Kleiderly recycles unwanted textiles into sustainable plastic alternatives. This material produces products, including eyewear and clothing hangers. Since it uses textiles from landfills and incinerators, Kleiderly considerably reduces the fashion industry’s carbon footprint. It collects clothing from retailers and charities, processes it with low-energy technology, and creates recyclable materials. This solution creates a circular fashion industry and replaces the need for plastic.
Sapro-Tech develops Fungi-based Textiles
New Zealand-based startup Sapro-Tech produces sustainable textiles from fungi. It utilizes mycelium’s dense thread-like networks to offer a sustainable alternative to animal-based leather. Mycelia mimics the look, feel, and performance of traditional leather. Sapro-Tech’s techniques provide complete customization and reduce greenhouse gas emissions and pollution associated with leather production.
Ponda creates Regenerative Fibers
UK-based startup Ponda develops textiles from regenerative fibers using its technology, BioPuff. BioPuff offers lightweight, warm high fill-to-weight, and naturally water-repellent insulation. It does not include animal skin to ensure transparency and sustainability. This insulation material reduces reliance on feathers and synthetic fillers using plant fibers that aid in wetland regeneration. Moreover, the material’s structure creates insulating air pockets to enhance the garment‘s design versatility.
Gain Comprehensive Insights into Textile Manufacturing Trends, Startups, or Technologies
The 2024 Textile Manufacturing Report highlights growth across smart fabrics, eco-friendly clothing, and automatic packaging. With increasing investment and an expanding workforce, the industry demonstrates resilience and innovation. Get in touch to explore all 1000+ startups and scaleups, as well as all industry trends impacting textile manufacturing companies.
