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The yarn market size is forecast to increase by USD 39.9 billion at a CAGR of 5.3% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The yarn industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The natural segment is estimated to witness significant growth during the forecast period. Yarn production encompasses a diverse range of natural and synthetic fibers, with textile machinery playing a crucial role in processing these raw materials. Natural fibers, such as cotton, silk, linen, wool, hemp, and jute, are derived from plant and animal sources. Cotton, obtained from the cotton plant, is widely used in producing garments, apparel, and industrial textiles. Wool, sourced from sheep, is known for its flexibility, resilience, insulation properties, and thermal stability, making it ideal for woolen clothing. Silk, a protein filament spun by silkworms, is renowned for its luxurious softness, durability, and quick-drying nature. It is utilized in various applications, including clothing, tussah materials, and upholstery.
The global silk market experiences steady growth due to its suitability for all climatic conditions and the demand for high-end textiles. Synthetic fibers, like polyester, nylon, and acrylic, are produced using textile chemicals and machinery. They offer advantages such as abrasion resistance, moisture wicking, and UV resistance. Spinning machines are essential in producing both natural and synthetic yarns, with varying yarn counts and textures. Finishing machines and textile testing are integral parts of the yarn production process, ensuring quality control and enhancing the desired properties of the yarn. Eco-friendly dyes and recycled fibers contribute to the circular economy by reducing waste and minimizing the environmental impact.
Industrial textiles, including medical textiles and technical textiles, are increasingly in demand due to their unique properties, such as flame retardancy, tensile strength, and water repellency. Core spun yarn and ply yarn are essential components in producing knit fabric and woven fabric, which are used extensively in garment manufacturing. The supply chain for yarn production involves raw materials, textile chemicals, and various machinery, with textile design playing a significant role in creating innovative and functional textiles. The market for yarn continues to evolve, driven by advancements in technology and the growing demand for sustainable and high-performance textiles. Sustainability practices are increasingly highlighted, with producers adopting fair trade cotton and ethical production methods.
The Natural segment was valued at USD 67.00 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 62% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market experienced significant activity in 2024, with APAC leading the consumption due to the region's abundant supply of raw materials and a large consumer base. Natural fibers, polyesters, nylon, and others are in high demand in this region, which hosts numerous yarn companies. China, India, Japan, Pakistan, South Korea, and Bangladesh are key contributors, benefiting from low-cost labor, a rural population that relies on farming, and favorable climatic conditions. China emerged as the world's leading textile consumer in 2023, driven by the demand for textiles in fashion and household applications. Textile machinery plays a crucial role in the yarn production process, with dyeing machines, spinning machines, finishing machines, and pattern making equipment essential for producing high-quality yarn.
Eco-friendly dyes, fiber optics, and antimicrobial properties are gaining popularity, reflecting the market's shift towards sustainability. Technological advancements, such as air jet texturing and false twist texturing, contribute to improved product quality and efficiency. Fiber content, yarn count, and tensile strength are critical factors influencing yarn selection for various applications, including industrial textiles, home textiles, medical textiles, and technical textiles. These textiles require specific properties, such as abrasion resistance, moisture wicking, uv resistance, flame retardancy, and water repellency. The circular economy is gaining traction, with recycled fibers and heat setting processes becoming increasingly important. Textile testing, textile design, garment manufacturing, and ply yarn production are interconnected processes that ensure the production of superior textiles.
Knit fabric and woven fabric are popular choices for various applications, with spun yarn serving as the base material. Shrinkage control is essential to maintain product consistency and customer satisfaction. In summary, the market is characterized by the use of various raw materials, advanced technologies, and diverse applications. The region's unique advantages and evolving consumer preferences are shaping the market dynamics and trends. The market is experiencing growth due to the rising trend of knitting and other fiber crafts for health and wellness benefits.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The yarn market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the yarn market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, yarn market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alok Industries Ltd. - This company specializes in the production and distribution of a diverse range of textile solutions such as yarn.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve, driven by dynamic market trends and advancements in technology. The textile industry's supply chain is undergoing significant changes, with a growing emphasis on eco-friendly practices and sustainable raw materials. Organic cotton, a popular choice for environmentally-conscious consumers, is increasingly used in yarn production. Textile testing plays a crucial role in ensuring product quality, with flame retardancy and abrasion resistance being key considerations. Recycled fibers are gaining traction, contributing to the circular economy and reducing waste. Heat setting processes optimize yarn properties, enhancing tensile strength and moisture wicking capabilities. Core spun yarn, textile chemicals, and natural fibers are integral components of the yarn manufacturing process.
Technological advancements, such as false twist texturing and air jet texturing, enable the production of innovative textiles with unique properties like UV resistance and antimicrobial properties. Industrial textiles, including home furnishings, medical textiles, and technical textiles, are diverse applications for yarn. Spun yarn, ply yarn, knit fabric, and woven fabric are transformed into various products through garment manufacturing processes. The integration of water repellent and shrinkage control technologies further expands the possibilities for yarn applications. Raw materials, including synthetic fibers, continue to influence market trends. The textile industry's ongoing evolution reflects the interconnected nature of various processes, from yarn production to textile design and finishing.
The dynamic market landscape underscores the importance of continuous innovation and adaptability.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Yarn Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
206 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
Market growth 2025-2029 |
USD 39.9 billion |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
4.9 |
Key countries |
China, India, US, Vietnam, Indonesia, Bangladesh, Germany, Brazil, UK, and Turkey |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Source
10 Market Segmentation by Application
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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