Market Overview

The global textile yarn market size was valued at USD 13.8 billion in 2022 and is projected to reach USD 19.2 billion by 2033, growing at a CAGR of 5.1 % during the forecast period. 

Textile Yarn Market: Description

The global textile yarn market refers to the industry involved in the production, processing, and distribution of various types of yarn used in textile manufacturing. Yarn is a continuous strand of fibres, either natural or synthetic, that is twisted or spun together to form a cohesive thread. It is an essential raw material in the textile industry, used for knitting, weaving, and other fabric production processes.

The global textile yarn market caters to a wide range of end-use industries, including apparel, home textiles, technical textiles, automotive textiles, and industrial textiles. Apparel and home textiles, such as garments, bedding, towels, and upholstery, are the major segments driving the demand for textile yarn. Technical textiles, used in sectors like healthcare, construction, and agriculture, also contribute to the market's growth.

Report Scope

 Textile Yarn Market: Description

The global textile yarn market refers to the industry involved in the production, processing, and distribution of various types of yarn used in textile manufacturing. Yarn is a continuous strand of fibres, either natural or synthetic, that is twisted or spun together to form a cohesive thread. It is an essential raw material in the textile industry, used for knitting, weaving, and other fabric production processes.

The global textile yarn market caters to a wide range of end-use industries, including apparel, home textiles, technical textiles, automotive textiles, and industrial textiles. Apparel and home textiles, such as garments, bedding, towels, and upholstery, are the major segments driving the demand for textile yarn. Technical textiles, used in sectors like healthcare, construction, and agriculture, also contribute to the market's growth.

The market is influenced by various factors, including fashion trends, consumer preferences, economic conditions, and technological advancements. Sustainability and eco-friendly practices are gaining prominence, leading to the development of yarns made from recycled fibres or organic sources. Moreover, innovations in spinning techniques, such as compact spinning and rotor spinning, have improved yarn quality and production efficiency.

Textile yarn offers excellent strength and durability, depending on the fibre type and yarn construction. This makes it suitable for applications where robustness and longevity are crucial, such as in heavy-duty fabrics, upholstery, and technical textiles. Yarns with higher tensile strength and resistance to wear and tear provide enhanced product performance and longevity.

The textile yarn market allows for customization and innovation in terms of fibre blends, colours, finishes, and textures. Manufacturers can develop yarns with specific properties, such as moisture-wicking, flame-retardant, antibacterial, or UV-protective properties, to cater to specialized applications. The ability to customize yarns enables the production of unique and value-added textile products.

Textile Yarn Market: Key Trends

·         Sustainable and Eco-friendly Yarns:

There is a growing demand for sustainable and eco-friendly yarns in the textile industry. Consumers are increasingly concerned about the environmental impact of textile production and are seeking products made from recycled fibres, organic fibres, and other sustainable materials. Manufacturers are responding to this trend by offering yarns with eco-friendly certifications and adopting sustainable production practices.

·         Technological Advancements:

The textile yarn market is witnessing continuous technological advancements. Innovations in spinning techniques, machinery, and processes are leading to improved yarn quality, higher production efficiency, and cost-effectiveness. Automation and digitalization are also playing a significant role in enhancing manufacturing processes, optimizing yarn production, and reducing waste.

Textile Yarn Market: Segmental Analysis

By Source

·         Animal

·         Chemical

·         Plant

·         Others

By Material

·         Natural Fibre

·         Synthetic Fibre

By Application

·         Apparel

·         Home Textile

·         Industrial

·         Others

Textile Yarn Market: Geographical landscape

The Asia-Pacific region is a significant player in the global textile yarn market. Countries such as China, India, Bangladesh, Vietnam, and Indonesia are major textile manufacturing hubs. These countries have a large population, low labor costs, and well-established textile industries, making them favorable destinations for textile production. The region's strong presence in textile manufacturing contributes to the growth of the textile yarn market in terms of both production and consumption.

North America, including the United States and Canada, is a prominent market for textile yarn. The region has a well-developed textile industry, comprising both large-scale manufacturers and small and medium-sized enterprises. North America is known for its technical textile production, which requires specialized yarns with specific properties. The region also focuses on sustainability and the use of eco-friendly yarns, driving the demand for sustainable and recycled fibres.

Europe has a long-standing history in the textile industry and continues to play a vital role in the global textile yarn market. Countries like Germany, Italy, the United Kingdom, and France are known for their textile manufacturing expertise and high-quality yarn production. The region emphasizes product innovation, sustainability, and luxury textiles. European consumers have a preference for premium-quality yarns, driving the demand for specialty and high-performance yarns.

The Middle East and Africa region have witnessed significant growth in the textile industry in recent years. Countries like Turkey, Egypt, Morocco, and South Africa are emerging as key players in the textile yarn market. The region benefits from its proximity to key markets, favorable trade agreements, and growing investments in textile manufacturing. The Middle East is known for its production of high-quality synthetic yarns, while Africa has a rich heritage in cotton production.

Textile Yarn Market: Impact of COVID

The pandemic led to disruptions in the textile yarn supply chain. Lockdown measures, factory closures, and transportation restrictions in various countries affected the production, distribution, and delivery of textile yarn. The closure of manufacturing units and reduced workforce availability resulted in delays and shortages of raw materials, impacting the overall supply chain. The global textile industry experienced a decline in demand during the pandemic. With retail stores temporarily closed and consumer spending reduced, the demand for textiles and textile products, including yarn, decreased significantly. The decline in demand affected the production and sales of textile yarn, leading to decreased revenues for manufacturers.

The pandemic influenced consumer preferences and purchasing behavior. Comfortable and functional clothing gained prominence as people spent more time at home and prioritized comfort over fashion. This shift in consumer preferences impacted the demand for certain types of textile yarn, with a greater focus on yarns suitable for casual and loungewear rather than formal or high-fashion garments.

The pandemic highlighted the importance of sustainability in the textile industry. Consumers became more conscious of the environmental impact of their purchases and showed a greater preference for sustainable and eco-friendly products. This increased emphasis on sustainability influenced the demand for eco-friendly yarns and accelerated the adoption of recycled and organic fibres.

Textile Yarn Industry Leaders

Some of the key players operating across the textile yarn market are Parkdale Mills Incorporated, Hengli Group, Kairuide Hulding Co Ltd., Vardhman Textiles Limited, Birleik Koyunlulular Mensucat TIC. V., Weiqiao Textile Company Limited, E SAN., Low & Bonar Plc., Raymond Limited, Huvis Corporation, Grasim Industries Limited.

Textile Yarn Market: Regional Scope

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

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