The Yarn, Fiber And Thread by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Yarn, Fiber And Thread, The yarn, fiber and thread market size has grown strongly in recent years. It will grow from $112.7 billion in 2023 to $120.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to emerging market growth, urbanization, increased demand for man-made fibers and government initiatives for the textile industry.
The yarn, fiber and thread market size is expected to see strong growth in the next few years. It will grow to $154.11 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to global population growth and urbanization, increasing e-commerce, increasing demand for sportwear, increasing penetration of organized retail in developing economies and increasing penetration of social media . Major trends in the forecast period include developing fibers and yarns derived from biodegradable and sustainable materials, implementing digital platforms in the operational chain to reduce supply chain errors, invest in sustainable manufacturing technologies, adopt iot technology to enhance the manufacturing process and invest in new projects through r&d and partnerships activities.
The growth in the yarn, fiber, and thread manufacturing market is due to emerging market growth, rising disposable income, and technology development. Disposable income refers to the amount of money that an individual or household has to spend or save after income taxes have been deducted. Yarn is a thread used for the production of fabrics and needlecraft. For instance, in 2021, according to the Bureau of Statistics of China, a China-based Government agency data, Disposable Personal Income in China increased to 47412 CNY in 2021 from 43834 CNY in 2020. Therefore, the rising disposable income is driving the growth of the yarn, fiber, and thread manufacturing market.
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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
Major companies operating in the yarn, fiber, and thread market are focusing on developing sustainable materials for making yarns, fibers, and textiles. Yarn, fiber and thread companies are focusing on improving their carbon footprint and reducing their production costs by turning to sustainable materials. For instance, in April 2022, Evrnu a US-based textile manufacturer launched high-performance, recyclable lyocell material made entirely from cotton textile waste, 100% NuCycl r-lyocell. This innovative fiber, which is made entirely of cotton textile waste, is intended to replace and outperform virgin cellulosic and plastic-based materials while providing significant impact reductions and maintaining recyclability. Evrnu has improved the current lyocell manufacturing process, which typically uses virgin wood to create this fiber, by processing textile waste. By adjusting its technologies to work with the current manufacturing framework
The yarn, fiber and thread market report table of contents includes:
1. Executive Summary
2. Yarn, Fiber And Thread Market Characteristics
3. Yarn, Fiber And Thread Market Trends And Strategies
4. Yarn, Fiber And Thread Market – Macro Economic Scenario
5. Global Yarn, Fiber And Thread Market Size and Growth
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26. South America Yarn, Fiber And Thread Market
27. Brazil Yarn, Fiber And Thread Market
28. Middle East Yarn, Fiber And Thread Market
29. Africa Yarn, Fiber And Thread Market
30. Yarn, Fiber And Thread Market Competitive Landscape And Company Profiles
Top Major Players:
- Sinopec Group
- Toray Industries Inc
- Reliance Industries
- Alpek
- Far Eastern New Century
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