The textile plant market - Italy

1.1 Introdution

The textile plant market represents a growing sector that deals with the production and marketing of plants used for the production of textile fibers. These plants are grown to obtain natural materials that are subsequently processed into fabrics, yarns and other textile products.

The most important fibers for the Italian market are:

• Cotton: cotton is one of the world's major textile fibers, and is widely cultivated in several Italian regions.
• Flax: flax is a durable and versatile natural fiber obtained from the flax plant grown mainly in northern Italy.
• Hemp: hemp is a natural fiber from the hemp plant, which has various applications in textiles.
• Silk: Italy is famous for the production of high-quality silk, obtained from silkworms grown in different regions of the country.

The Italian textile industry has been able to maintain a leading position in the global market, especially in the fashion and luxury sectors, despite competition from emerging countries such as China. Although Italy entered the global market late, it has managed to catch up thanks to technological and socioeconomic factors. Over the centuries, the Italian textile industry has moved from decentralized and poorly mechanized production to more centralized and mechanized production, thanks to the introduction of new technologies from foreign countries. Some entrepreneurial families played a significant role in the application of these new technologies and in improving the quality of fabrics produced.[Treccani]

The size of the global textile market has been estimated at $1,695.13 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.6 percent in terms of revenue from 2023 to 2030.[Grandviewresearch]

The study focuses on the textile plants market in Italy; for more in-depth information on the individual markets that comprise it, such as the cotton or linen markets, please refer to the specific studies available in the Businesscoot catalog.