The textile and apparel sector is a cornerstone of global trade, encompassing the production of fabrics, garments, and accessories. It is vital for economic growth, particularly in developing countries, and plays a significant role in global supply chains. The sector supports innovation in sustainable materials, smart textiles, and advanced manufacturing technologies.

In 2024, the global textile and apparel market was valued at approximately $1.8 trillion, contributing substantially to the global economy. With a projected compound annual growth rate (CAGR) of 4–5%, the market is expected to reach $3 trillion by 2030. This labor-intensive industry employs over 60 million people worldwide, providing livelihoods across the value chain, from farming and production to retail. Key players include China, India, Bangladesh, Vietnam, and Turkey, which dominate manufacturing and exports, while countries like the United States, Italy, and Germany lead in design and high-end textiles. Together, these nations shape the future of the sector.