Korean Velvet Market Trends and Forecast
The future of the global korean velvet market looks promising with opportunities in the clothing and home textile markets. The global korean velvet market is expected to grow with a CAGR of 5.5% from 2025 to 2031. The major drivers for this market are the rising global interest in premium fabric, the increasing interest in sustainable textile, and the growing fashion industry influence.
• Lucintel forecasts that, within the type category, silk velvet is expected to witness higher growth over the forecast period due to the growing demand in the luxury segment.
• Within the application category, clothing is expected to witness higher growth due to the rising demand for fashion-driven.
• In terms of region, APAC is expected to witness the highest growth over the forecast period due to the increasing refers to a more gradual & continuous expansion.
Emerging Trends in the Korean Velvet Market
Korean velvet supple market is adjusting, as many others, due to changes in buyer needs, technology, and environmental concerns. Various trends which will affect the rest of the industry are observable in almost all Korean markets.
• Environmental Friendly Fabrics and Sustainability: In response to growing worldwide concern over environmental issues, the Korean velvet market is adapting to sustainability as a new emerging trend. There is now a greater emphasis on the use of organic materials like cotton, bamboo, or even recycled fabrics to create velvet, which is now in high demand around the world. Manufacturers are also taking steps to embrace eco-friendly policies by using environmentally sustainable methods when crafting their products which include velvet that is GOTS certified. This shift is likely to help mitigate global environmental degradation while also meeting the needs of ethical consumers.
• K-Fashion being on the Rise due to K-Pop Influence: The use of Korean velvet is increasingly being adopted because of its demand due to the influence of K-fashion and the K-pop culture. With KoreaÄX%$%Xs celebrities and fashion influencers embracing the use of velvet in their clothes and during performances, there is a growing consumer base that wants to purchase these trending styles. Many fashion designs that aim to capture the essence of Korean pop culture make generous use of velvet as a fabric because it is comfortable and luxurious to wear. The Soaring popularity of K-Pop and K-Drama around the world drives the acceptance of Korean velvet in overseas markets like the USA, China, and Japan.
• Innovations in Design and Textures: With an increase in the demand for novelty and exclusivity, Korean velvet is going through immense innovation with new designs and textures being added. Designers are providing more options in the market by adding floral prints, geometric shapes, and even metallic designs to velvet fabrics. These innovations make Korean velvet versatile, allowing the fabric to be used in both contemporary and traditional applications. Its aesthetic appeal is further enhanced by the addition of tactile features such as raised patterns and embossed textures, making it suitable for luxury fashion and home décor where diversity is greatly appreciated.
• Expansion into Sustainable Luxury Home Decor: Along with opulent furniture, curtains, cushions, and bedding, Korean velvets are also making their statement in the severe luxury home decor market. The growing use of luxurious sustainable Korean velvet is attracting people who are interested in buying Turbans for her eco-friendly home décor. Marketers are using low impact dyes and materials that meet environmental standards to manufacture sustainable velvets. This change is particularly impactful in Western and Asian markets where wealthy consumers are ready to spend money on quality sustainable home furnishings.
• Technological Progress in Fabric Production: The Korean velvet market is undergoing considerable change due to technological progress. The implementation of new production methods like digital printing, 3D weaving, and advanced dyeing techniques has enabled the manufacturing of more complex and colorful velvet fabrics. Not only does these changes increase the fabrics’ toughness as well as color retention, but also makes them applicable in a variety of fields including clothing and upholstery. Moreover, the appeal of velvet fabrics is increasing because of their use in baby products, clothing, and interior furnishings due to moisture-wicking, anti-bacterial, and hypoallergenic features.
The changing consumer paradigms with regards to sustainability, innovation, and culture is what these new trends address, directly expanding the Korean velvet market. In order to keep pace with world markets, the industry is adopting new technological solutions, green measures, and design changes which guarantees development in the next years.
Recent Development in the Korean Velvet Market
These changes mark the increasing popularity and versatility of Korean velvet and are a reflection of recent activity in the Korean velvet market. Innovation, sustainability, and global fashion shifts are the reasons behind the increasing use of Korean velvet in high fashion as well as in luxurious home décor.
• Production Sustainability Initiatives: With the increased global demand for eco-friendly fabrics, Korean velvet manufacturers are switching to more sustainable production methods. Many brands are using organic cotton, recycled fibers, and grass dependent dyes to produce velvet for fabrics, which is a very positive step towards eco-friendly materials. Moreover, the fabric is gaining popularity among eco-friendly consumers due to the increased use of GOTS and OEKO-TEX Standard 100 certifications.
• Expansion in Luxury Home Décor: Koran velvet has made a massive imprint in the luxury home decor market. The increasing demand for Korean velvet items are rising due to consumers becoming more invested in premium home furnishings. Koran velvet is ideal for use in high-end furniture curtains and bedding because of its soft texture, rich color, and aesthetic appeal. This selling pattern is observed greatly in the United States, Japan and Europe where affluent consumers are on the lookout for highly durable and luxurious home decor fabrics.
• Modern Innovations in Production Methods: Korean velvet is an evolving product thanks to advancements in technology, which make it easier to weave and dye textiles. These innovations result in stronger fabric, color enhancement, and better design. The emerging technologies of digital printing also make it possible to print specific designs on velvet fabric. This expands the scope of velvet in fashion as well as upholstery. Because of these new techniques, Korean velvet is becoming more popular throughout the world, giving makers the tools to satisfy consumer needs.
• Expansion of Korean Velvet in Couture Collections: Now, Korean velvet is being used as a staple material in luxury garments in American and Chinese markets. As these designers create their pieces of clothing, they want to utilize the fabric due to its beautiful appearance and soft texture. Thus, Korean velvet is now widely used in gowns, wedding dresses, and high-end fashion accoutrements, making it a favorite fabric among marketers who deal with sophisticated fabrics. This is further heightened by the global impact of K-fashion and K-pop, which helped elevate the status of the fabric in the world of fashion.
• Rise in International Trade and Export of Korean Velvet: Many regions such as North America, Europe, and Southeast Asia are becoming potential export markets for Korean velvet manufacturers as the global demand for it increases. The construction of the luxury fashion industry and lavish home furnishing is raising trading activities and fame for Korea. The availability of Korean velvet in the international market comes with bountiful prospects for industry players to venture into new regions which will enable further expansion of Korean marketÄX%$%Xs presence.
The new changes in the Korean velvet market showcases the ever increasing need for premium sustainable materials to be used in different sectors. Korean velvet is maintaining a strong market presence internationally particularly in fashion and home décor, stemming from the luxurious and eco-friendly innovation focus. These changes will continue to fuel growth in the global market for velvet.
Strategic Growth Opportunities in the Korean Velvet Market
Due to changing consumer behavior, the Korean velvet market is positioned favorably for growth in various segments. As the market expands, industry players are investing in several key growth segments to address new opportunities.
• Applications of Luxury Fashion: The use of Korean velvet is growing in the fashion industry, combining luxurious evening gowns, bridal collections, and accessories. Bridal designers are drawn to the fabric for its softness, beauty, and luxurious touch as these elements add to the aesthetic value of their work. This K-whole aesthetic phenomenon is also accompanied by strong consumer demand from K-pop and K-fashion fans. By adapting to these trends, manufacturers can increase their share of the luxurious fashion business.
• Sustainable Home Decoration: With an increased focus on eco-friendly designs, Korean velvet is being adopted as a material for luxury home furniture and accessories. Eco-friendly items made of organic and recycled fibers velvet are being produced by manufacturers to meet the growing needs of these velvet products. Eco-friendly Korean velvet targeted towards the luxurious home décor market would help manufacturers take advantage of the new green consumerism.
• Personalization in Velvet Goods: The velvet industry in Korea can benefit significantly from personalization because customers are looking for more tailored options. Manufacturers could tailor velvet apparel, home furniture, and accent pieces to meet the needs of clients looking for exquisite custom products. Creative designs that are different from the norm can be made possible with digital printing and embroidery, giving many businesses the chance to stand out from their competition.
• Growth of D2C Selling and Internet Retail: The ecommerce sphere opens up many new opportunities for the Korean Velvet industry. Global online retail markets provide manufacturers with the chance to reach more people and introduce a wider variety of velvet goods. Businesses can strengthen their connection to customers through direct selling, making it possible to provide bespoke or limited edition velvet items. The widespread adoption of online shopping offers new opportunities for businesses to explore new territories, fostering growth of the Korean Velvet industry.
• Collaborations with International Designers and Brands: Joint efforts with prestigious global designers and fashion companies like Gucci, Versace, and others offer additional potential growth opportunities for Korea’s velvet producers. With the increasing global demand for high-quality velvet, collaborating with reputable designers can enhance the brand image and recognition in the market. Moreover, Korean velvet can gain exposure in different markets, enhancing its international allure.
Regarding the Korean velvet market, there’s plenty of luxury fashion, home decoration, and personalization business opportunities. By adopting sustainability, e-commerce, and high-end collaboration strategies, manufacturers have an opportunity for success in the growing international velvet market.
Korean Velvet Market Driver and Challenges
Korean velvet market growth is impacted by various innovators and challengers. Everything from advances in technology to the public’s desire for greener options influence this fledgling market. Although the market continues to grow, various elements are defining its direction.
The factors responsible for driving the korean velvet market include:
1. Improvements in Technology Related to Production: The quality and flexibility of Korean velvet has been enhanced with the advent of newer technologies in digital textile printing and weaving. These breakthroughs allow manufacturers to create more complex, strong, and colorful velvet fabrics to meet different Stylistic and decorative tendencies of consumers. As it is clear, the future improvement of production processes will propel the market growth.
2. Increased Global Thirst for Eco-Friendly Fabrics: The increasing demand for eco-friendly fabrics profoundly influences the Korean velvet market. Environmentally friendly Korean velvet made of organic cotton, recycled materials, and low-impact dyes is gaining popularity among eco-friendly consumers. Those producers accepting eco-friendly technologies have great opportunities to participate in growing market portions and extend their target audience.
3. Surge In Spending on Luxury Items: The surge in spending on luxurious items in the world, especially in new economies, is increasingly resultant in demand for lavish velvet fabrics. Consumers in the US, China, and India are willing to spend money on luxurious curtains, and other fabric accessories made of premium velvet Korean fabric. The willingness of consumers to splurge on luxurious goods positively impacts the Korean Velvet market.
4. Cultural Influence of K-pop and K-fashion: As K-pop and K-fashion gain more global attention, the demand for Korean velvet is skyrocketing, particularly in the fashion and luxury home goods industries. The growth of pop Korean culture has opened up new markets for Korean velvet, both in soft furnishing and clothing manufacturing. This influence in culture is fostering the spurt of demand for Korean velvet in the global market.
5. Expanding International Trade: The Korean velvet market is kept alive by the widespread increase in trade and e-commerce. Businesses are selling their products online and are gaining access to previously untapped areas, like Europe, North America, and Southeast Asia. The Korean velvet market is profiting from the surge in international trade as well as the cross-border consumption of Korean velvet goods.
Challenges in the korean velvet market are:
1. High Production Costs: The cost of producing Korean velvet that is organic or made out of recycled materials is very high. This makes it difficult for manufacturers to keep prices affordable while attempting to fulfill demand. For many small businesses, high production costs pose a threat to profits and slow down expansion into new markets.
2. Competing Markets: Silk and cotton velvet fabrics, along with other global velvet producing regions, pose a strong competitive threat along Korean velvet market. Design, quality, and sustainability are three key factors that manufacturers need to focus on to be able to compete in sutured market.
3. Limited Accessibility of Resources: Sourcing raw materials for crafting and the distribution of the finished goods is always a challenging task which directly affects the Korean velvet market. Manufacturing delays due to global shipping lags and the unavailability of quality materials affect timelines and contribute to unfulfilled demand from consumers.
The market is benefitting from increased demand from the global pop industry, new technological innovations, and the necessity for sustainable fabrics. On the other hand, these markets are under severe pressure because of the existing supply chain issues, drastic pricing, and fierce competition. In order for the Korean velvet market to keep growing, the market needs to remedy this imbalance.
List of Korean Velvet Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies korean velvet companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the korean velvet companies profiled in this report include-
• Hari Har Fashion
• Changshu Tianying
• Changshu Henggang Textile
• Changshu Sunycle Textile
• Haining FengCai Textile
• Haining Oushida Warp Knitting
• Wujiang Qinchuang Textile
Korean Velvet Market by Segment
The study includes a forecast for the global korean velvet market by type, application, and region.
Korean Velvet Market by Type [Value from 2019 to 2031]:
• Polyester Velvet
• Silk Velvet
Korean Velvet Market by Application [Value from 2019 to 2031]:
• Clothing
• Home Textile
• Others
Korean Velvet Market by Region [Value from 2019 to 2031]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Korean Velvet Market
The Korean velvet market has experienced significant changes in the United States, China, Germany, India, and Japan. Because of its soft and appealing look, velvet is becoming popular in numerous fields such as fashion, interior décor, and furniture upholstery. Interest in Korean velvet products around the world is being driven by the increased demand for high-quality fabrics as well as the growing influence of Korean culture. These trends show a major shift in consumer behavior towards the adoption of luxurious and practical sustainable fabrics, such as those in Korea’s apparel and home decoration industry.
• United States: The market velvet in Korea is slowly gaining popularity in America because of the increasing demand for sophisticated and luxurious fabrics in fashion and home décor. Korean velvet which is known for its vibrant colors and smooth texture is now being used in a wide range of goods from clothing to furniture. Due to the increase in popularity of green products, consumers in America are demanding more velvet made with organic or recycled materials. There has also been an increased interest in Korean products due to the rise of K-pop culture and K-fashion. Along with this, the American market is also revitalizing the use of velvet by incorporating edgy prints and textures into their designs.
• China: The demand for Korean velvet products, especially in fashion and interior decoration, is on the rise in China. With the middle class in China growing, there is a greater thirst for international and premium fabric brands. Korean velvet is widely utilized in high fashion items like clothes, accessories, and even in upholstery because of its garment quality and luxurious appeal. Korean culture has had a huge impact on Chinese consumers because of K-drama and K-pop, so there is a higher demand for Korean velvet. Also, the shift towards sustainable fabrics is encouraging Korean velvet manufacturers to come up with eco-friendly types of Korean velvet, which increases its desirability even more.
• Germany: In Germany, Korean velvet is becoming fashionable in the upscale clothing and luxury home decoration industries. It is becoming increasingly common for top German designers to incorporate Korean velvet into their fashion pieces because of its superb quality and elegant finish. The material’s versatility and luxurious appeal have made it a favorite for use in clothing as well as upholstery. With an increasing focus on quality, German customers are shifting towards velvet made from organic or recycled fibers, which is sustainable. This trend reflects the growing demand for socially responsible and ethically sourced materials in Germany. As Germany’s lavish market grows, the need for Korean velvet is predicted to soar.
• India: With the growth of interest in premium fabric in both fashion and interior design, the demand for Korean velvet is increasing in India. Consumers in India are becoming conscious of global trends, so Korean velvet is considered a symbol of luxury and class. It is becoming popular among high-end fashion categories like accessories, bridal wear, evening gowns and other clothing. Moreover, Korean velvet is also used for luxury home décor items such as cushions and curtains. This demand is being fueled by the increasing middle class and disposable income, as more consumers are willing to spend money on high-quality imported fabrics, like Korean velvet.
• Japan: Japan has for a long time been a market for luxury and finely crafted textiles, and now Korean velvet is emerging as a highly demanded and sophisticated fabric. Its texture and aesthetic qualities and appeal are deeply embedded in Korean culture. Currently, Korean velvet is used in a wide range of fashion and interior design applications. In fashion, it is observed in both modern and traditional attire, while in home decor, it is being used in lavish furniture pieces and decor accessories. The Japanese market is increasingly focusing on sustainable products, which is boosting the production of eco-friendly velvet made from organic cotton and other sustainable fibers in Japan.
Features of the Global Korean Velvet Market
Market Size Estimates: Korean velvet market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Korean velvet market size by type, application, and region in terms of value ($B).
Regional Analysis: Korean velvet market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the korean velvet market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the korean velvet market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for korean velvet market?
Answer: The global korean velvet market is expected to grow with a CAGR of 5.5% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the korean velvet market?
Answer: The major drivers for this market are the rising global interest in premium fabric, the increasing interest in sustainable textile, and the growing fashion industry influence.
Q3. What are the major segments for korean velvet market?
Answer: The future of the korean velvet market looks promising with opportunities in the clothing and home textile markets.
Q4. Who are the key korean velvet market companies?
Answer: Some of the key korean velvet companies are as follows:
• Hari Har Fashion
• Changshu Tianying
• Changshu Henggang Textile
• Changshu Sunycle Textile
• Haining FengCai Textile
• Haining Oushida Warp Knitting
• Wujiang Qinchuang Textile
Q5. Which korean velvet market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, silk velvet is expected to witness higher growth over the forecast period due to the growing demand in the luxury segment.
Q6. In korean velvet market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period due to the increasing refers to a more gradual & continuous expansion.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the korean velvet market by type (polyester velvet and silk velvet), application (clothing, home textile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Korean Velvet Market, Korean Velvet Market Size, Korean Velvet Market Growth, Korean Velvet Market Analysis, Korean Velvet Market Report, Korean Velvet Market Share, Korean Velvet Market Trends, Korean Velvet Market Forecast, Korean Velvet Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.