South Korea Textile Market Size, Growth, and Trends Forecast 2024-2032

South Korea Textile Market Overview

Base Year: 2023

Market Size in 2023: USD 32.63 Billion

Market Size in 2032: USD 46.93 Billion

Market Growth Rate: 4.00% (2024-2032)

The South Korea textile market is expanding rapidly due to several key factors. According to the latest report by IMARC Group, the market is projected to exhibit a growth rate (CAGR) of 4.00% during 2024-2032.

Download sample copy of the Report: https://www.imarcgroup.com/south-korea-textile-market/requestsample

South Korea Textile Trends and Drivers:

The South Korea textile market is expanding rapidly due to several key factors. Primarily, the market is driven by technological improvements as well as the growing emphasis on sustainable production practices. Meanwhile, smart fabrics and environmentally friendly materials are integrated into the nation's textiles, contributing to its status as a global leader in textile innovation. This trend is particularly evident in the rise of textile products incorporating functions such as temperature control and antibacterial properties, which are increasingly in demand. In line with these factors, the support of the government bodies for the textile industry through favorable policies and initiatives has also significantly propelled the growth of the South Korea textile market. Additionally, the shift towards sustainable fashion, with an emphasis on minimizing carbon footprints, has led to the adoption of greener production methods.

The export market plays a critical role in the expansion of the South Korea textile market. Furthermore, the rising demand for South Korean textiles in key markets like the United States and Europe, driven by the popularity of Korean fashion and cultural exports such as K-pop, is fostering steady market growth. In addition to these factors, the increase in e-commerce platforms has facilitated easier access to global markets for small and medium-sized textile enterprises. Major players in the industry are investing heavily in research and development to create high-performance textiles that cater to evolving consumer preferences. Consequently, this focus on innovation and sustainability is expected to continue driving the growth of the South Korea textile market in the coming years.

The South Korea textile market forecast offers insights into future opportunities and challenges, drawing on historical data and predictive modeling.

South Korea Textile Industry Segmentation:

The report has segmented the market into the following categories:

Product Insights:

• Natural Fibers
• Polyesters
• Nylon
• Others

Raw Material Insights:

• Cotton
• Chemical
• Wool
• Silk
• Others

Application Insights:

• Household
• Technical
• Fashion and Clothing
• Others

Regional Insights:

• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: [email protected] 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145