Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Home Textiles Market size is expected to reach $165.7 billion by 2028, rising at a market growth of 5.9% CAGR during the forecast period.
The Offline market is generating the high revenue in the Global Home Textiles Market by Distribution Channel in 2021; thereby, achieving a market value of $114.1 billion by 2028. The expansion of supermarkets & hypermarkets and the easy availability of home textile products in such stores is the key factor leading to market growth. A large number of small manufacturers in this market are inclined in selling their products only through the offline sales channel which is anticipated to support the market expansion in this segment.
The Bathroom Linen market is exhibiting a CAGR of 6.6% during (2022 - 2028). The market is being driven by the rising adoption of hand towels in the hospitality sector mainly in hand towels. In addition, other regions are also increasingly using hand towels as they are modernizing and adopting western culture. The demand for bathroom linen is majorly expected to surge from the housing industry.
The Asia Pacific market dominated the Global Home Textiles Market by Region in 2021; thereby, achieving a market value of $69.6 billion by 2028. The Europe market is poised to grow at a CAGR of 5.7% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 5.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/home-textiles-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
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