Latin America Home Textiles Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Home Textiles Market Analysis
The Latin America Home Textiles Market generated a revenue of over USD 12.6 billion in the current year and is anticipated to register a CAGR of more than 3% for the forecast period.
The Home Textile Market of Latin America is anticipated to grow at an increased rate due to the growth of the end-use sectors such as hospitality, healthcare, and housing, the growing fashion sensitivity of urban consumers towards home furnishings, the growing demand for digitally printed home textiles, and rapidly mounting fashion trends in home textiles. High urbanization rate, increasing disposable income, and improving lifestyle are important factors spurring the market growth in Latin America. The retail market of home textiles in Latin America has emerged as one of the lucrative options for many retailers in the market.
Latin American home textile demand was negatively impacted during the COVID-19 pandemic. Quarantines and partial industrial closures harmed manufacturers. During the pandemic, this resulted in a shortage of raw materials and finished products, which had a substantial impact on the home textiles market growth in Latin America. Post-Covid Manufacturers have changed their strategy to recover from the circumstances by introducing novel innovations like antivirus and hygienic textiles.
Latin America Home Textiles Market Trends
Bed Linen Segment is Holding the Large Market Share
Bed Linen is the leading and the largest category in the home textiles market in Latin America with naturally found raw materials extensively being used to manufacture numerous designs and patterns in the bedsheets and bedspreads used across the region. Cotton remains the primary material for making bed and bath textiles in the region. However, very recently there has been a growing demand for linen with eco-friendly materials. Demand for home textiles that have unique and superior home textiles such as stain repellent, quick-drying or wrinkle-free is increasing in the region. Traditional blankets and bedsheets ate replaced by duvets and duvet covers that are washable are highly preferred by the consumers in the market.
Online Distribution Channel is Expected to Register the Highest Growth
Leading urbanization is also anticipated to lead to the use of e-commerce in the buying of home textiles in the market as more people get urbanized, they tend to use more technology. With an aim to reach out to a wide consumer base, companies are tying up with online retailers, as well as introducing their own e-portals. For instance, Alibaba had tied up with the five leading home textile companies. In another instance, Tmall.com tied up with Fauna, Mendale, Luolai, Shuixing, and Beyond. Welspun India launched an online portal a few years back, which covers a variety of beds, baths, and carpet products.
Latin America Home Textiles Industry Overview
The Latin American home Textiles market is competitive in nature. At the outset, the market seems to be highly fragmented with a mix of both large as well as smaller companies operating across various parts of the region. There are numerous local and international players that either manufacture, trade, or distribute the home textile market in the region. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service. The major companies currently dominating the market include Jolitex Ternille, Springs Global, Finlandek, TEKA, and Muller Textiles.
Latin America Home Textiles Market Leaders
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Jolitex Ternille
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Springs Global
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Finlandek
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TEKA
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Muller Textiles
*Disclaimer: Major Players sorted in no particular order
Latin America Home Textiles Market News
- August 2023: Zona Franca de Iquique (Zofri), a pivotal hub of commerce and industry has announced its collaboration with cloud software company Infor. Zofri stands as an epicenter of trade, offering products spanning electronics, automotive, textiles, household items, and more. Zofri will be implementing Infor's warehouse management system, in streamlining its processes and enhancing customer experiences. The implementation will be facilitated by Cerca Technology, Infor's partner in the Latin American region.
- May 2023: Raff Military Textile strengthens ties with Latin America by expanding its export of military textiles. Raff seized the opportunity to explore new avenues for collaboration and expansion in Colombia. Through this collaboration, Raff is trying to gain insights into the local market of their Colombian partners.
Latin America Home Textiles Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Disposable Income is Driving the Market
4.2.2 Urbanisation is Driving the Market
4.3 Market Restraints
4.3.1 Supply Chain Disruptions are Restraining the Market
4.4 Market Opportunities
4.4.1 Product Innovations will Create Opportunities for New Entrants
4.5 Industry Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness': Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technological Innovations in the Market
4.8 Insights on Imports and Exports Trends in the Market
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product type
5.1.1 Bed Linen
5.1.2 Bath linen
5.1.3 Kitchen and Table Linen
5.1.4 Upholstery
5.1.5 Floor
5.2 By Distribution Channel
5.2.1 Offline
5.2.2 Online
5.3 By Geography
5.3.1 Brazil
5.3.2 Mexico
5.3.3 Chile
5.3.4 Colombia
5.3.5 Peru
5.3.6 Others
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Tex Brasil
6.2.2 Textil J. Serrano
6.2.3 Coteminas S.A.
6.2.4 Buddemeyer
6.2.5 Jolitex Ternille
6.2.6 Camesa
6.2.7 Springs Global
6.2.8 TEKA
6.2.9 Cenconsud
6.2.10 Kaltex
6.2.11 Muller Textiles*
- *List Not Exhaustive
7. MARKET TRENDS
8. DISCLAIMER AND ABOUT US
Latin America Home Textiles Industry Segmentation
This report aims to provide a detailed analysis of the home textile industry in Latin America. It focuses on market dynamics, technological trends, and insights into various materials, applications, and process types. It also analyzes the major players and the competitive landscape in the Latin American home textile industry. The Latin American home Textiles Market is segmented by Product Type (Bed Linen, Bath linen, Kitchen and Table linen, Upholstery Floor) By Distribution Channel (Offline, Online), and by Geography (Brazil, Mexico, Chile, Colombia, Others). The report offers market size and forecast in value (USD million) for all the above segments.
| By Product type | |
| Bed Linen | |
| Bath linen | |
| Kitchen and Table Linen | |
| Upholstery | |
| Floor |
| By Distribution Channel | |
| Offline | |
| Online |
| By Geography | |
| Brazil | |
| Mexico | |
| Chile | |
| Colombia | |
| Peru | |
| Others |
Latin America Home Textiles Market Research FAQs
What is the current Latin America Home Textiles Market size?
The Latin America Home Textiles Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Latin America Home Textiles Market?
Jolitex Ternille, Springs Global, Finlandek , TEKA and Muller Textiles are the major companies operating in the Latin America Home Textiles Market.
What years does this Latin America Home Textiles Market cover?
The report covers the Latin America Home Textiles Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Home Textiles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Home Textiles Industry Report
Statistics for the 2024 Latin America Home Textiles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Home Textiles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
