Article -> Article Details
| Title | Vietnam Textile Market Report 2025, Share, Growth, Trends and Forecast Till 2033 |
|---|---|
| Category | Business --> Chemicals |
| Meta Keywords | vietnam textile market |
| Owner | Imarc |
| Description | |
| Vietnam Textile Market Overview Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 17.27 Billion Market Forecast in 2033: USD 26.34 Billion Market Growth Rate (2025-33): 4.40% The Vietnam textile market size was valued at USD 17.27 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 26.34 Billion by 2033, exhibiting a CAGR of 4.40% during 2025-2033. Southern currently dominates the market, holding a significant market share of around 43.2% in 2024. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/vietnam-textile-market/requestsample Vietnam Textile Market Trends and Drivers: The global apparel and textile industry is certainly undergoing a deep supply chain realignment, because it is actually moving away from single-source manufacturing to a more diversified, multi-country sourcing model, known as "China Plus One". In this context, Vietnam has clearly emerged as the biggest beneficiary of this deliberate strategy, further strengthening its excellent position as a truly indispensable part of the wide-ranging global supply chain. The best performing firms and shops do not just respond quickly to global challenges, they have fundamentally re-calibrated risk. Partners with scale, stability, and competitive operational advantage are sought. New investment is being directly supported by Vietnam's growth in terms of infrastructure development. These key northern provinces also benefit from industrial park ecosystems, deep-water ports and the wide network of Free Trade Agreements, including the European Union-Vietnam Free Trade Agreement (EVFTA), the Thorough and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the ASEAN, which make them beneficiaries of unprecedented tariff treatment. On a macro scale, the Vietnamese exports there become much more price-competitive to major trading partners like the EU, the UK, and Japan. Because of that, having been developed and planned out, and also being able to execute complex and crucially high-volume orders, Vietnam's status as a manufacturing hub will be further cemented as global companies look for politically stable and resilient locations to source from. As a response to demand and EU policy development, Vietnamese suppliers are being forced onto the environmental sustainability adventure. The new Corporate Sustainability Reporting Directive (CSRD) and extended producer responsibility (EPR) legislation are establishing a strong regulatory environment and suppliers must be able to govern environmental and social (ESG) data in a transparent and verifiable manner. Major Vietnamese manufacturers are investing in state of the art water recycling facilities and renewable energy projects, including rooftop solar systems, and advancing circular economy models. For example, some companies are using recycled polyester certified by the Global Recycling Standard (GRS), as well as closed-loop production systems that preserve water and greatly reduce waste. This has become a point of differentiation beyond meeting minimum sustainability requirements, and forward-thinking factories that have adopted green certifications to meet the demands of global brands seeking validated sustainable production are the leaders of the future, redefining the landscape of production in an industry where sustainability is not merely a niche but a business necessity. In order to reduce internal risks (the rise in wages and the increase in other regional competitors), the Vietnamese textile and apparel industry is seeking vertical integration and improved technology so as to develop sustainably, leading to a rapid shift in focus from cutting, making, and trimming (CMT) assembly to complete supplier status, which provides oversight from yarn spinning and fabric weaving to finished garments. This drive for vertical integration controls the supply chains, reduces the lead times, retains the margins better and allows a greater flexibility to meet complex demands of clients. In an Industry 4.0 environment the productivity revolution is matched by yet another one, which is the quality revolution. There is increasing automation in cutting, sewing and warehouse functions and the use of analytics and connected machines to optimize production flow and enable predictive maintenance. The value addition from commodity to high-performance technical textiles will require a technological infusion. Automotive, medical equipment, and personal protective equipment are higher-end markets for advanced, high-value textile products. In order to become a high-value global textile leader, Vietnam needs to tactically transition from a low-cost, less value-added product strategy to a technology- and innovation-led strategy to unlock the full potential of the textile industry. Vietnam Textile Market Industry Segmentation: Analysis by Product:
Analysis by Raw Material:
Analysis by Application:
Regional Insights:
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players. Request Customization: https://www.imarcgroup.com/request?type=report&id=19510&flag=E Key highlights of the Report:
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: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-201971-6302
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