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The yarn market was estimated at around USD 34.55 billion in 2021, growing at a CAGR of nearly 5.9% during 2022-2030. The market is projected to reach approximately USD 57.8 billion by 2030.
A length of fibers is called a yarn. It is a continuous length of interlocking fibers used to make fabrics, as well as for knitting, crocheting, embroidery, and rope manufacturing. Both yarn (often referred to as balls of wool) and embroidery thread, which are purchased as long lengths, are used for sewing machines and embroidery. There are so many different fibers that may be used to create yarn. Both natural and synthetic fibers fall under this category. Cotton is the most widely used plant fiber. The synthetic polyester fiber is one of the two most widely used fibers, along with cotton. The primary drivers of market expansion are the rapid urbanization of the world's population and the industries' expanding needs. Demand for high-end materials like silk, viscose, and hemp is increased by the shift in customer preference toward inexpensive and comfortable clothes. Due to important qualities of both synthetic and natural yarn, blended forms of fiber are also experiencing massive growth in the market, supporting the expansion of the worldwide market. As people become more aware of the benefits of yarn, the industry is expected to experience significant expansion over the upcoming years. Positive market effects have also resulted from the rise in income throughout the key geographical areas. In addition, factors including rapid urbanization, increasing increase, and an expanding middle-class population with higher income levels are predicted to fuel market growth.
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A wide range of sectors have been impacted as the COVID-19 pandemic spread around the world. Worldwide factories have had to close their doors and turn off their equipment out of necessity. The textile sector, which is among the most labor-intensive in the world, has not been an exception. However, after the epidemic is gone, the global character of the textile sector and the widespread use of the items it supports position it for long-term prosperity. Textiles and related industries may provide a solution to job losses and financial difficulties in many of the nations that are struggling as a result of COVID-19.
Increased urbanization to accelerate the market’s growth
The two main drivers that are expected to propel market growth are the accelerated rate of urbanization and rising industrial demand. Demand for high-value materials like viscose, silk, and hemp is rising as consumers alter their preferences toward inexpensive and cozy clothes. Due to key characteristics of both synthetic and natural yarn, blended variants of fibers are also experiencing tremendous market expansion, creating new growth potential in the years to come.
Rising yarn demand
The growing demand for silk in the textile sector, shifting fashion trends, and expanding purchasing power in developing nations will all enhance yarn demand. The main growth engines of the worldwide market will be the developing countries, namely China and India, with both expanding by double digits. In the next days, China will grow to be a significant market for garments, with India coming in second. Silk is a truly eco-friendly product because it is made entirely of natural materials. Additionally, it is a long-lasting, skin-friendly, and healthy all-weather fabric. Silk consumption is anticipated to increase more quickly than other material types due to the expanding textile industry in emerging countries, which is raising people's purchasing power, and the material's user-friendliness.
Yarn Market: Segmentation Analysis
The yarn market is segmented into the source, material, and application. Based on source, the market for animal segment is estimated to lead the market during the forecast period. This is due to its shiny, smooth appearance. Animal yarn comes in many different varieties, including sheep, camels, yaks, and muskoxen, among others.
By material, the synthetic fiber segment is anticipated to dominant the yarn market during the forecast period. The majority of natural fibers are less durable than synthetic fibers, which also readily absorb various hues. Numerous synthetic fibers also provide consumer-friendly features including stretchability, waterproofing, and stain resistance. All fibers degrade and wear away due to sunlight, moisture, and human skin oils.
By application, the apparel segment is anticipated to dominant the yarn market during the forecast period. the huge demand for children's, women's, and men's clothing is to thank. One reason for the expansion of the clothes category is the short product life cycle, ephemeral fads, uncertain market trends, and buyers' propensity for impulse purchases.
Report Scope
| Attribute | Description |
|---|---|
| Base Year | 2021 |
| Forecast period | 2022-2030 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Billion |
| CAGR (2022 to 2030) | 5.9% |
| Segments Covered |
By Source |
The Asia-Pacific region, which currently commands the majority revenue share in the market, is anticipated to continue to rank among the most enticing throughout the projection year. The availability of inexpensive labor in the fabrication industries in China, India, and South Korea is projected to be one of the key factors impacting the expansion of the yarn business. Yarn, especially cotton and polyester yarn, is one of the most popular products in Asia-Pacific. Additional important factors driving the yarn industry in this region include rising disposable income, a movement in consumer behavior toward branded clothing, and a major shift in buying habits. Significant change is occurring in the yarn industry due to global sourcing and fierce price competition.
The global Yarn market is segmented as follows:
By Source
By Material
By Application
By Region/Geography
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Source
4.3.2. Market Attractiveness Analysis By Material
4.3.3. Market Attractiveness Analysis By Application
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increased urbanization to accelerate the market’s growth
5.2.2. Rising yarn demand
5.3. Restrains
5.3.1. Strict regulations
5.4. Opportunities
5.4.1. Rising population demand
6. Global Yarn Market Analysis and Forecast, By Source
6.1. Segment Overview
6.2. Animal
6.3. Chemical
6.4. Plant
6.5. Others
7. Global Yarn Market Analysis and Forecast, By Material
7.1. Segment Overview
7.2. Natural Fiber
7.3. Synthetic Fiber
8. Global Yarn Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Apparel
8.3. Home Textile
8.4. Industrial
8.5. Others
9. Global Yarn Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. Australia
9.4.5. South Korea
9.4.6. Rest of Asia-Pacific
9.5. Latin America
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Rest of South America
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
9.6.3. Egypt
9.6.4. Kuwait
9.6.5. Saudi Arabia
9.6.6. Rest of Middle East & Africa
10. Global Yarn Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Yarn market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Source Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Huntingdon Yarn Mill, Inc
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Material Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Parkdale Mills Inc
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Material Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Vardhman Textiles Ltd.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Material Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Weiqiao Textile Company Ltd
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Material Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Huvis Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Material Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Stoll America Knitting Machinery
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Material Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Family Yarns Inc
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Material Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Grasim Industries Ltd
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Material Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Texpro SpA
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Material Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Huntingdon Yarn Mill
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Material Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Yarn Market, By Source, 2022-2030(USD Billion)
2. Global Animal Yarn Market, By Region, 2022-2030(USD Billion)
3. Global Chemical Yarn Market, By Region, 2022-2030(USD Billion)
4. Global Plant Yarn Market, By Region, 2022-2030(USD Billion)
5. Global Others Yarn Market, By Region, 2022-2030(USD Billion)
6. Global Yarn Market, By Material, 2022-2030(USD Billion)
7. Global Natural Fiber Yarn Market, By Region, 2022-2030(USD Billion)
8. Global Synthetic Fiber Yarn Market, By Region, 2022-2030(USD Billion)
9. Global Yarn Market, By Application, 2022-2030(USD Billion)
10. Global Apparel Market, By Region, 2022-2030(USD Billion)
11. Global Home Textile Yarn Market, By Region, 2022-2030(USD Billion)
12. Global Industrial Yarn Market, By Region, 2022-2030(USD Billion)
13. Global Others Yarn Market, By Region, 2022-2030(USD Billion)
14. Global Yarn Market, By North America, 2022-2030(USD Billion)
15. North America Yarn Market, By Source, 2022-2030(USD Billion)
16. North America Yarn Market, By Material, 2022-2030(USD Billion)
17. North America Yarn Market, By Application, 2022-2030(USD Billion)
18. U.S. Yarn Market, By Source, 2022-2030(USD Billion)
19. U.S. Yarn Market, By Material, 2022-2030(USD Billion)
20. U.S. Yarn Market, By Application, 2022-2030(USD Billion)
21. Canada Yarn Market, By Source, 2022-2030(USD Billion)
22. Canada Yarn Market, By Material, 2022-2030(USD Billion)
23. Canada Yarn Market, By Application, 2022-2030(USD Billion)
24. Mexico Yarn Market, By Source, 2022-2030(USD Billion)
25. Mexico Yarn Market, By Material, 2022-2030(USD Billion)
26. Mexico Yarn Market, By Application, 2022-2030(USD Billion)
27. Europe Yarn Market, By Source, 2022-2030(USD Billion)
28. Europe Yarn Market, By Material, 2022-2030(USD Billion)
29. Europe Yarn Market, By Application, 2022-2030(USD Billion)
30. Germany Yarn Market, By Source, 2022-2030(USD Billion)
31. Germany Yarn Market, By Material, 2022-2030(USD Billion)
32. Germany Yarn Market, By Application, 2022-2030(USD Billion)
33. France Yarn Market, By Source, 2022-2030(USD Billion)
34. France Yarn Market, By Material, 2022-2030(USD Billion)
35. France Yarn Market, By Application, 2022-2030(USD Billion)
36. U.K. Yarn Market, By Source, 2022-2030(USD Billion)
37. U.K. Yarn Market, By Material, 2022-2030(USD Billion)
38. U.K. Yarn Market, By Application, 2022-2030(USD Billion)
39. Italy Yarn Market, By Source, 2022-2030(USD Billion)
40. Italy Yarn Market, By Material, 2022-2030(USD Billion)
41. Italy Yarn Market, By Application, 2022-2030(USD Billion)
42. Spain Yarn Market, By Source, 2022-2030(USD Billion)
43. Spain Yarn Market, By Material, 2022-2030(USD Billion)
44. Spain Yarn Market, By Application, 2022-2030(USD Billion)
45. Rest of Europe Yarn Market, By Source, 2022-2030(USD Billion)
46. Rest of Europe Yarn Market, By Material, 2022-2030(USD Billion)
47. Rest of Europe Yarn Market, By Application, 2022-2030(USD Billion)
48. Asia Pacific Yarn Market, By Source, 2022-2030(USD Billion)
49. Asia Pacific Yarn Market, By Material, 2022-2030(USD Billion)
50. Asia Pacific Yarn Market, By Application, 2022-2030(USD Billion)
51. Japan Yarn Market, By Source, 2022-2030(USD Billion)
52. Japan Yarn Market, By Material, 2022-2030(USD Billion)
53. Japan Yarn Market, By Application, 2022-2030(USD Billion)
54. China Yarn Market, By Source, 2022-2030(USD Billion)
55. China Yarn Market, By Material, 2022-2030(USD Billion)
56. China Yarn Market, By Application, 2022-2030(USD Billion)
57. India Yarn Market, By Source, 2022-2030(USD Billion)
58. India Yarn Market, By Material, 2022-2030(USD Billion)
59. India Yarn Market, By Application, 2022-2030(USD Billion)
60. Australia Yarn Market, By Source, 2022-2030(USD Billion)
61. Australia Yarn Market, By Material, 2022-2030(USD Billion)
62. Australia Yarn Market, By Application, 2022-2030(USD Billion)
63. South Korea Yarn Market, By Source, 2022-2030(USD Billion)
64. South Korea Yarn Market, By Material, 2022-2030(USD Billion)
65. South Korea Yarn Market, By Application, 2022-2030(USD Billion)
66. Rest of Asia-Pacific Yarn Market, By Source, 2022-2030(USD Billion)
67. Rest of Asia-Pacific Yarn Market, By Material, 2022-2030(USD Billion)
68. Rest of Asia-Pacific Yarn Market, By Application, 2022-2030(USD Billion)
69. Latin America Yarn Market, By Source, 2022-2030(USD Billion)
70. Latin America Yarn Market, By Material, 2022-2030(USD Billion)
71. Latin America Yarn Market, By Application, 2022-2030(USD Billion)
72. Brazil Yarn Market, By Source, 2022-2030(USD Billion)
73. Brazil Yarn Market, By Material, 2022-2030(USD Billion)
74. Brazil Yarn Market, By Application, 2022-2030(USD Billion)
75. Argentina Yarn Market, By Source, 2022-2030(USD Billion)
76. Argentina Yarn Market, By Material, 2022-2030(USD Billion)
77. Argentina Yarn Market, By Application, 2022-2030(USD Billion)
78. Rest of Latin America Yarn Market, By Source, 2022-2030(USD Billion)
79. Rest of Latin America Yarn Market, By Material, 2022-2030(USD Billion)
80. Rest of Latin America Yarn Market, By Application, 2022-2030(USD Billion)
81. Middle East and Africa Yarn Market, By Source, 2022-2030(USD Billion)
82. Middle East and Africa Yarn Market, By Material, 2022-2030(USD Billion)
83. Middle East and Africa Yarn Market, By Application, 2022-2030(USD Billion)
84. UAE Yarn Market, By Source, 2022-2030(USD Billion)
85. UAE Yarn Market, By Material, 2022-2030(USD Billion)
86. UAE Yarn Market, By Application, 2022-2030(USD Billion)
87. South Africa Yarn Market, By Source, 2022-2030(USD Billion)
88. South Africa Yarn Market, By Material, 2022-2030(USD Billion)
89. South Africa Yarn Market, By Application, 2022-2030(USD Billion)
90. Egypt Yarn Market, By Source, 2022-2030(USD Billion)
91. Egypt Yarn Market, By Material, 2022-2030(USD Billion)
92. Egypt Yarn Market, By Application, 2022-2030(USD Billion)
93. Kuwait Yarn Market, By Source, 2022-2030(USD Billion)
94. Kuwait Yarn Market, By Material, 2022-2030(USD Billion)
95. Kuwait Yarn Market, By Application, 2022-2030(USD Billion)
96. Saudi Arabia Yarn Market, By Source, 2022-2030(USD Billion)
97. Saudi Arabia Yarn Market, By Material, 2022-2030(USD Billion)
98. Saudi Arabia Yarn Market, By Application, 2022-2030(USD Billion)
99. Rest of Middle East Yarn Market, By Source, 2022-2030(USD Billion)
100. Rest of Middle East Yarn Market, By Material, 2022-2030(USD Billion)
101. Rest of Middle East Yarn Market, By Application, 2022-2030(USD Billion)
List of Figures
1. Global Yarn Market Segmentation
2. Yarn Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Yarn Market Attractiveness Analysis By Source
9. Global Yarn Market Attractiveness Analysis By Material
10. Global Yarn Market Attractiveness Analysis By Application
11. Global Yarn Market Attractiveness Analysis By Region
12. Global Yarn Market: Dynamics
13. Global Yarn Market Share By Source(2022 & 2030)
14. Global Yarn Market Share By Material(2022 & 2030)
15. Global Yarn Market Share By Application(2022 & 2030)
16. Global Yarn Market Share by Regions (2022 & 2030)
17. Global Yarn Market Share by Company (2021)
By Source
By Material
By Application
By Region/Geography
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