The North America Home Textiles Market would witness market growth of 5.7% CAGR during the forecast period (2022-2028).
The market players internationally are investing in research & development and enhancing their product portfolio by offering innovative products. Some of such innovative products include wood curtains for protection from UV rays. The competitors in the market compete on product design, raw material quality, and fashion. Growing expenditure on restoration & repair as well as the deployment of cutting-edge designs is surging the demand. The sustainable home is designed considering the latest market trend in interior design.
Using recyclable textiles is the latest trend which also makes it possible to meet sustainability standards. Therefore, the market for eco-friendly home textiles is anticipated to rise at a high speed in the upcoming years. Home décor is considered an effective way to portray the consumers’ lifestyle. This is gaining traction in both the developed as well as developing regional markets. This is majorly due to growing urbanization and globalization.
The easy accessibility of the home textiles such as carpets, curtains, etc. is the result of globalization and consumers’ rising demand for home decor. Home textiles could be an appropriate as well as a cost-effective option for home décor. Choosing an appropriate home textile product will not only enhance the home but also provide comfort to the users. A wide range of home textiles is available in the market for bedrooms, kitchens, walls, and bathrooms. Home textiles with perfect color combinations, patterns, and textures could be used in rooms according to the occasion.
The textile industry of the United States is a big customer as well as supplier locally and internationally. This includes yarn & fabric manufacturers, wool, cotton, and man-made fibre suppliers. A large number of home textiles companies are available in the North America region. The customers in the region are shifting towards the purchase of products that are eco-friendly leading to demand home textiles made up of vegan silk. Also, as the region is well-developed, the people in the region have high disposable income which they are willing to spend on premium quality products. This would rise the demand for innovative home textile products leading to regional market expansion over the forecast period.
The US market dominated the North America Home Textiles Market by Country in 2021; thereby, achieving a market value of $34.4 billion by 2028. The Canada market is experiencing a CAGR of 7.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 7.4% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Bedroom Linen, Bathroom Linen, Carpets & Floor coverings and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Home Textiles Market is Estimated to reach $165.7 Billion by 2028, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Evonik Industries AG (RAG-Stiftung), PPG Industries, Inc., Agropur Dairy Cooperative, Huber Engineered Materials (J.M. Huber Corporation), Kao Corporation, Solvay SA, Univar Solutions, Inc., Cabot Corporation and Brenntag SE.
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