#Textile #floor #coverings , such as rugs, are created from materials like wool, cotton, silk, or synthetic fibers. They give both home and #business areas coziness, comfort, and style.With a forecasted compound annual growth rate #CAGR of roughly 4.75% from 2023 to 2029, the global rug market is expected to reach a valuation of nearly $19.66 billion in 2022. #Urbanization , growing affluence, and consumer interest in #homedecor are the main drivers of growth.Rug demand is increased by the growing residential construction industry, particularly in developing nations. The market is driven by consumers' inclination for customized home design, and #ecommerce platforms enable easy rug shopping.