Vietnam Home Textile Market Size (2024 - 2029)

The Vietnam home textile market is experiencing significant growth, driven by factors such as rapid urbanization, improved living standards, and increased spending power. Despite challenges posed by the COVID-19 pandemic, which disrupted the textile supply chain and affected pricing, the industry remains a crucial component of the country's socio-economic development. The demand for home textile products, including bed sheets, pillows, and curtains, is rising as households increasingly seek to modernize their interiors. This trend positions Vietnam as a prominent destination for textile investment in Asia, contributing to the expansion of the market size.

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Market Size of Vietnam Home Textile Industry

Vietnam Home Textile Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 1.00 %
Market Concentration Low

Major Players

Vietnam Home Textile Market Key Players

*Disclaimer: Major Players sorted in no particular order

Vietnam Home Textile Market Analysis

The rapid outbreak of COVID-19 effects the global economy. This has spread several difficulties to the home textile Industry where in most of the market are under pressure and disturbed the textile supply chain from fabric to garments. The lockdown of factories and retail stores completely effect the home textile. Prevailing this situation, the pricing was also fallen in the domestic and International market.

Vietnam's home textile industry plays an important role in national socio-economic development of the country. Vietnam's flourishing textile industry is increasing rapidly, which is making the country one of the most popular destinations in Asia for textile investment. Rapid urbanization, improved standard of living coupled with increasing spending power are some of the key factors anticipated to support revenue growth of the market in the region. Furthermore, increasing inclination towards modernizing the interior of the households is resulting in huge demand for home textile products such as bed sheets, pillows & covers, curtains, etc.

Vietnam Home Textile Industry Segmentation

Home textiles are fabrics and clothes used specifically for furnishing a residence. The materials and design of each are defined by the functional and aesthetic uses of each. Vietnam Home Textile Market is Segmented By Product (Bed Linen, Bath Linen, Kitchen Linen, Upholstery and Floor Covering), By End User (Residential and Commercial(Hospitality and Leisure, Hospital, Offices, Other Commercial End users)), and By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online and Other Distribution Channels).

By Product
Bed Linen
Bath Linen
Kitchen Linen
Upholstery Covering
Floor Covering
By End-User
Residential
Commercial
Hospitality and Leisure
Hospital
Offices
Other Commercial End-Users
By Distribution
Supermarkets & Hypermarkets
Specialty Stores
Online
Other Distribution Channels
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Vietnam Home Textile Market Size Summary

The Vietnam home textile market is experiencing significant growth, driven by factors such as rapid urbanization, increased disposable incomes, and a shift towards modernizing household interiors. The country's textile industry is a crucial component of its socio-economic development, positioning Vietnam as a leading destination for textile investment in Asia. The market is benefiting from a burgeoning young consumer base and rising spending power, which are contributing to the demand for home textile products like bed sheets, pillows, and curtains. The trend of urbanization is leading to the establishment of new households, further fueling the market's expansion. Additionally, the growing awareness of the benefits of quality sleep is increasing consumer spending on bed linen, including pillow covers and duvet covers.

The competitive landscape of the Vietnam home textile market is characterized by the presence of major international players, although technological advancements and product innovations are enabling mid-size and smaller companies to enhance their market presence. Companies such as Damsan yarntex JSC, Everpia JSC, and Phong Phu Corporation are notable players in the market. Recent developments include Taiwanese firm Polytex Far Eastern Vietnam seeking assistance for its expansion project in Vietnam, and a Vietnam-based fashion enterprise extending its partnership with Fibre Trace and Good Earth Cotton to promote sustainable and traceable fibers. These initiatives reflect the dynamic nature of the market and the ongoing efforts to address challenges and leverage opportunities in the region.

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Vietnam Home Textile Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness- Porters' Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargainning Power of Buyers

      3. 1.5.3 Bargainning Power of Suppliers

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competative Rivalry

    6. 1.6 Insights into Latest Technological Innovations and Recent Trends in the Industry

    7. 1.7 Insights on Government Regulations in the Industry

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Bed Linen

      2. 2.1.2 Bath Linen

      3. 2.1.3 Kitchen Linen

      4. 2.1.4 Upholstery Covering

      5. 2.1.5 Floor Covering

    2. 2.2 By End-User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

        1. 2.2.2.1 Hospitality and Leisure

        2. 2.2.2.2 Hospital

        3. 2.2.2.3 Offices

        4. 2.2.2.4 Other Commercial End-Users

    3. 2.3 By Distribution

      1. 2.3.1 Supermarkets & Hypermarkets

      2. 2.3.2 Specialty Stores

      3. 2.3.3 Online

      4. 2.3.4 Other Distribution Channels

Vietnam Home Textile Market Size FAQs

The Vietnam Home Textile Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)

Damsan yarntex JSC, Everpia JSC, Gilimex, Phong Phu Corporation and Mirae JSC are the major companies operating in the Vietnam Home Textile Market.

Vietnam Home Textile Market Report Snapshots

Vietnam Home Textile Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)