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Italy Textile Manufacturing Market Size (2024 - 2029)

The market size of Italy's textile manufacturing industry has been adversely affected by the COVID-19 pandemic, which exacerbated the negative growth trends that were already present before 2020. The industry experienced a significant decline in revenue, with exports and imports both suffering losses. Although there has been a slow recovery, with expectations to return to pre-pandemic levels, the market continues to face challenges such as decreasing consumption of natural fibers and a need for disruptive technological advancements in manufacturing, distribution, and marketing to revitalize its growth.

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Market Size of Italy Textile Manufacturing Industry

Italy Textile Manufacturing Market - Growth
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR < 2.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Italy Textile Manufacturing Market Analysis

Italy's Textile Manufacturing market is expected to register a CAGR of less than 2% during the forecast period from 2022 to 2027.

COVID-19 negatively impacted the global textile industry, and the Italian textile industry is no exception. Italy's textile manufacturing industry was experiencing a negative growth rate before 2020, and COVID-19 caused a further dip in the revenue of the textile manufacturing market. According to UN Comtrade, in 2020, the revenue of textile and apparel export decreased by 15.65% and imports by 1.73%. The slow revenue growth was observed in 2021. The revenue of the market is expected to reach its pre-pandemic level by 2023.

Sales of apparel over the online platform are supporting the market growth. The value of both import and export of textile and apparel has been decreasing continuously since 2018. The consumption of natural fiber is also declining drastically. Consumption of cotton decreased from 1,330 thousand bales in 2000 to 135 thousand bales in 2021. Some disruptive technology in manufacturing, distribution, and marketing is needed to see market its old golden days.

Italy Textile Manufacturing Industry Segmentation

The textile industry is mainly involved in the processing of fiber into yarn, then yarn into fabric. This report aims to provide a detailed analysis of the textile manufacturing market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights on various product and application types. Also, it analyses the key players and the competitive landscape in the textile manufacturing market. The Italy Textile Manufacturing Market is segmented by Application Type (Clothing Application, Industrial Application, and Household Application), By Material (Cotton, Jute, Silk, Synthetics, and Wool), By Process ( Woven and Non-woven). The report offers market size and forecasts for Italy's Textile Manufacturing market in value (USD Billion) for all the above segments.

By Application
Clothing Application
Industrial Application
Household Application
By Material
Cotton
Jute
Silk
Wool
Synthetic
Other
By Process
Woven
Non-Woven
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Italy Textile Manufacturing Market Size Summary

The Italian textile industry has been navigating a challenging landscape, exacerbated by the impacts of COVID-19, which further deepened the pre-existing negative growth trends. The sector has been grappling with declining revenue from both exports and imports, alongside a significant drop in the consumption of natural fibers like cotton. Despite these challenges, the market is witnessing a shift towards online sales platforms, which are becoming increasingly pivotal in driving growth. The urban population's rapid adoption of global fashion trends and the rising internet penetration in Italy are facilitating this transition, encouraging brands to enhance their online presence to meet evolving consumer preferences.

The competitive nature of Italy's textile manufacturing market is characterized by the presence of both national and international players, with domestic companies holding a dominant position. Key industry players are focusing on strategies such as product innovation, expansion, and mergers and acquisitions to maintain their market position. Notable companies like Kering Italia SPA and Ermenegildo Zegna Group are actively enhancing their operational capabilities and expanding their portfolios to adapt to the changing market dynamics. These strategic moves are aimed at addressing the challenges posed by shifting consumer behaviors and the need for technological advancements in manufacturing, distribution, and marketing.

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Italy Textile Manufacturing Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Impact of COVID-19 on the Textile Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Clothing Application

      2. 2.1.2 Industrial Application

      3. 2.1.3 Household Application

    2. 2.2 By Material

      1. 2.2.1 Cotton

      2. 2.2.2 Jute

      3. 2.2.3 Silk

      4. 2.2.4 Wool

      5. 2.2.5 Synthetic

      6. 2.2.6 Other

    3. 2.3 By Process

      1. 2.3.1 Woven

      2. 2.3.2 Non-Woven

Italy Textile Manufacturing Market Size FAQs

The Italy Textile Manufacturing Market is projected to register a CAGR of less than 2% during the forecast period (2024-2029)

Kering Italia SPA , Bottega Veneta International, Dolce & Gabbana Holding SRL , Max Mara Fashion Group SRL and Giorgio Armani SPA are the major companies operating in the Italy Textile Manufacturing Market.

Italy Textile Market Report Snapshots

Italy Textile Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)