The textiles home decor market, encompassing fabric-based products like curtains, rugs, cushions, and bed linens, is seeing steady growth due to rising demand for home personalisation. Valued at US $ 100 billion in 2023, the global market is projected to expand at a 5 per cent compound annual growth rate (CAGR), reaching US $ 130 billion by 2030. This growth is driven by increasing disposable incomes, evolving lifestyles, and a growing preference for eco-friendly and customized home furnishings.
The shift towards sustainable products and the growth of e-commerce are major factors contributing to the market’s expansion. Consumers are looking for unique, functional, and eco-conscious home decor options, creating opportunities for manufacturers and retailers. Technological advancements in fabric production and rising awareness about environmental concerns further enhance market prospects.
Despite these opportunities, the market faces challenges such as fluctuating raw material costs, supply chain disruptions, and competition from low-cost alternatives. However, with urbanization, a preference for personalised spaces, and a growing middle-class population, the textile home decor market holds significant potential in the coming years.