Global Yarn, Fiber And Thread Market Size 2024, Forecast To 2033
11 Mar, 2024
The yarn, fiber, and thread market has seen robust growth, progressing from $112.7 billion in 2023 to $120.84 billion in 2024, showcasing a compound annual growth rate (CAGR) of 7.2%. The growth in the historical period is linked to emerging market growth, urbanization, increased demand for man-made fibers, and government initiatives for the textile industry. Moving into 2028, the market is expected to sustain strong growth, reaching $154.11 billion at a consistent CAGR of 6.3%. The projected growth is influenced by global population growth and urbanization, increasing e-commerce, rising demand for sportswear, increased penetration of organized retail in developing economies, and growing social media penetration. Key trends in the forecast period encompass the development of fibers and yarns derived from biodegradable and sustainable materials, the implementation of digital platforms in the operational chain to reduce supply chain errors, investment in sustainable manufacturing technologies, the adoption of IoT technology to enhance the manufacturing process, and investment in new projects through research and development and partnerships activities.
Global Yarn, Fiber And Thread Market Key Driver
The yarn, fiber, and thread manufacturing market is experiencing growth attributed to emerging market expansion, rising disposable income, and technological advancements. Disposable income, the amount available for spending or saving after income taxes, is a key factor influencing the demand for yarn, fiber, and thread manufacturing. Yarn, a crucial element in fabric and needlecraft production, sees increased demand with growing disposable incomes. In 2021, according to the Bureau of Statistics of China, Disposable Personal Income in China increased from 43834 CNY in 2020 to 47412 CNY. This rise in disposable income contributes to the growth of the yarn, fiber, and thread manufacturing market, as indicated by the market size values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Yarn, Fiber And Thread Market ReportGlobal Yarn, Fiber And Thread Market Segments
The yarn, fiber and thread market covered in this report is segmented –
1) By Type: Regular Yarn, Fiber and Thread, and Special Yarn, Fiber and Thread
2) By End User: Apparel, Footwear and Accessories, Home Interior, Other End Users
3) By Application: Quilting, Sew and Stitch, Embroidery
By Geography:The regions covered in the yarn, fiber and thread market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the yarn, fibre, and thread manufacturing market in 2023. The regions covered in the yarn, fiber and thread market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Yarn, Fiber And Thread Industry Players
Sinopec Group, Toray Industries Inc., Reliance Industries, Alpek, Far Eastern New Century, Lenzing AG, Indorama Corporation, Teijin Limited, Eastman Chemical Company, DuPont, Weiqiao Textile Company Limited, Nisshinbo Textile Inc., Marubeni Corporation, Laxtons, Town End Alpacas, Ardalanish Mill, AMANN Group, Silkoplus German Embroidery Threads, Galleria Arben, Ametist, LOOMKNITS, STEKLONiT JSC, Texel Inc., INDUSTRIES 3R INC., Amtex (YARN) Manufacturing Inc., Fibrofill Inc., Wallace Workwear Inc., Lenrod Industries, Bermatex, Coats Bell, Saint Gobain Tape Solutions, Trelleborg Engineered Coated Fabrics, Albany International Corp., Unifi Inc., InPro Corporation, Dunmore Corp., Tex Tech Industries, Bally Ribbon Mills, Aurora Specialty Textiles Group Inc., Paramount Texteis, Fiacao Sao Bento S.A., Siltex Brasil Ltda, Textil Sao Joao, Grupo Argentino Del Color, Chenille Argentina SRL, Saudi Spinning & Textile Mill, Elasticos Yarns, The Yarn Room, Leena Egypt, AlSaraTex Co., Integrated Fibres Limited
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Yarn, Fiber And Thread Market Overview
Yarn, fiber, and thread manufacturing refers to the process of manufacturing spinning yarn from fibres, and threads for sewing, crocheting, embroidery, and other applications.
Yarn, Fiber And Thread Global Market Report 2023 provides data on the global yarn, fiber and thread market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The yarn, fiber and thread market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.