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 observed in the historical period can be attributed to the expansion of emerging markets, urbanization, increased demand for man-made fibers, and government initiatives supporting 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%. Forecasted growth is attributed to global population growth, urbanization, e-commerce expansion, increased sportswear demand, and the rise of organized retail and social media influence. Key trends include the development of sustainable materials, digital platforms for supply chain efficiency, investments in sustainable manufacturing and IoT technology, and increased R&D and partnerships for new projects.
The expansion of the yarn, fiber, and thread market is attributed to factors such as emerging market growth, increasing disposable income, and advancements in technology. Disposable income, representing the funds available to individuals or households after deducting income taxes, plays a crucial role in driving market growth. As an illustration, in 2021, China's Bureau of Statistics reported an increase in Disposable Personal Income from 43,834 CNY in 2020 to 47,412 CNY in 2021, indicating a rise in disposable income. This surge in disposable income is a key driver propelling the growth of the yarn, fiber, and thread market.
The rapid expansion of e-commerce is a significant catalyst supporting the growth of the yarn, fiber, and thread market. E-commerce, involving online transactions of money and data, has brought transformative benefits to the industry by altering business operations and customer interactions. As of September 2022, the International Trade Administration reported that consumer eCommerce constitutes 30% of the UK's overall retail industry, a notable increase from 20% in 2020, generating over $120 billion in annual sales. The growing prevalence of online purchases is evident, with 82% of people in the UK making at least one online purchase in 2021. This rapid growth in e-commerce is a pivotal factor bolstering the expansion of the yarn, fiber, and thread market.
Major players in the yarn, fiber, and thread market are strategically prioritizing the development of sustainable materials to produce yarns, fibers, and textiles. These companies are actively working towards improving their environmental impact and reducing production costs by adopting sustainable materials. For instance, in April 2022, Evrnu, a US-based textile manufacturer, introduced 100% NuCycl r-lyocell, a high-performance, recyclable lyocell material derived entirely from cotton textile waste. This innovative fiber, crafted from recycled cotton textile waste, aims to surpass virgin cellulosic and plastic-based materials in performance while contributing significantly to environmental impact reduction and maintaining recyclability. Evrnu has enhanced the conventional lyocell manufacturing process, typically reliant on virgin wood, by incorporating textile waste into the production cycle. This adjustment aligns with Evrnu's commitment to sustainable practices within the existing manufacturing framework.
Technological advancements represent a prominent trend gaining traction in the yarn, fiber, and thread market. Major companies are directing their efforts towards developing smart fibers with applications in health and performance tracking. As an illustration, in May 2021, Nextiles, a US-based smart textiles company, launched smart fabrics designed for sports performance tracking applications. Nextiles' fabrics enable comprehensive biomechanics and biometric sensing on a single platform through their patent-protected manufacturing process. Leveraging conventional sewing machines and widely available threads such as spandex or nylon, Nextiles incorporates semi-conductive threads to measure mechanical changes based on multiple data points. The company differentiates its suite of data analytics by providing Newtonian measurements through its fabrics, including force, bending, stretching, velocity, and pressure, catering to the needs of athletes and teams seeking accurate performance insights. This focus on technological innovation underscores major companies' commitment to advancing the capabilities and functionalities of yarns, fibers, and threads in the market.
In March 2023, Reliance Industries Ltd (RIL), an India-based multinational conglomerate, successfully acquired Sintex Industries for $42.8 million. This strategic acquisition incorporates the textile and yarn portfolio of Sintex Industries into RIL's diverse offerings. Sintex Industries is an India-based manufacturer specializing in yarn production.
Major companies operating in the yarn, fiber and thread market report are 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.
Asia-Pacific was the largest region in the yarn, fibre, and thread 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. The countries 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.
The primary types of yarn, fiber, and thread manufacturing are regular and special varieties. Regular yarn and thread are predominantly used for sewing purposes. These products find applications in quilting, sewing, stitching, and embroidery, catering to end-users in sectors such as apparel, footwear and accessories, home interior, and others.
The yarn, fiber and thread market research report is one of a series of new reports that provides yarn, fiber and thread market statistics, including yarn, fiber and thread industry global market size, regional shares, competitors with a yarn, fiber and thread market share, detailed yarn, fiber and thread market segments, market trends and opportunities, and any further data you may need to thrive in the yarn, fiber and thread industry. This yarn, fiber and thread market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The yarn, fibre, and thread market include revenues earned by entities by getting used in knitting, weaving, and the production of textiles. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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%. Forecasted growth is attributed to global population growth, urbanization, e-commerce expansion, increased sportswear demand, and the rise of organized retail and social media influence. Key trends include the development of sustainable materials, digital platforms for supply chain efficiency, investments in sustainable manufacturing and IoT technology, and increased R&D and partnerships for new projects.
The expansion of the yarn, fiber, and thread market is attributed to factors such as emerging market growth, increasing disposable income, and advancements in technology. Disposable income, representing the funds available to individuals or households after deducting income taxes, plays a crucial role in driving market growth. As an illustration, in 2021, China's Bureau of Statistics reported an increase in Disposable Personal Income from 43,834 CNY in 2020 to 47,412 CNY in 2021, indicating a rise in disposable income. This surge in disposable income is a key driver propelling the growth of the yarn, fiber, and thread market.
The rapid expansion of e-commerce is a significant catalyst supporting the growth of the yarn, fiber, and thread market. E-commerce, involving online transactions of money and data, has brought transformative benefits to the industry by altering business operations and customer interactions. As of September 2022, the International Trade Administration reported that consumer eCommerce constitutes 30% of the UK's overall retail industry, a notable increase from 20% in 2020, generating over $120 billion in annual sales. The growing prevalence of online purchases is evident, with 82% of people in the UK making at least one online purchase in 2021. This rapid growth in e-commerce is a pivotal factor bolstering the expansion of the yarn, fiber, and thread market.
Major players in the yarn, fiber, and thread market are strategically prioritizing the development of sustainable materials to produce yarns, fibers, and textiles. These companies are actively working towards improving their environmental impact and reducing production costs by adopting sustainable materials. For instance, in April 2022, Evrnu, a US-based textile manufacturer, introduced 100% NuCycl r-lyocell, a high-performance, recyclable lyocell material derived entirely from cotton textile waste. This innovative fiber, crafted from recycled cotton textile waste, aims to surpass virgin cellulosic and plastic-based materials in performance while contributing significantly to environmental impact reduction and maintaining recyclability. Evrnu has enhanced the conventional lyocell manufacturing process, typically reliant on virgin wood, by incorporating textile waste into the production cycle. This adjustment aligns with Evrnu's commitment to sustainable practices within the existing manufacturing framework.
Technological advancements represent a prominent trend gaining traction in the yarn, fiber, and thread market. Major companies are directing their efforts towards developing smart fibers with applications in health and performance tracking. As an illustration, in May 2021, Nextiles, a US-based smart textiles company, launched smart fabrics designed for sports performance tracking applications. Nextiles' fabrics enable comprehensive biomechanics and biometric sensing on a single platform through their patent-protected manufacturing process. Leveraging conventional sewing machines and widely available threads such as spandex or nylon, Nextiles incorporates semi-conductive threads to measure mechanical changes based on multiple data points. The company differentiates its suite of data analytics by providing Newtonian measurements through its fabrics, including force, bending, stretching, velocity, and pressure, catering to the needs of athletes and teams seeking accurate performance insights. This focus on technological innovation underscores major companies' commitment to advancing the capabilities and functionalities of yarns, fibers, and threads in the market.
In March 2023, Reliance Industries Ltd (RIL), an India-based multinational conglomerate, successfully acquired Sintex Industries for $42.8 million. This strategic acquisition incorporates the textile and yarn portfolio of Sintex Industries into RIL's diverse offerings. Sintex Industries is an India-based manufacturer specializing in yarn production.
Major companies operating in the yarn, fiber and thread market report are 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.
Asia-Pacific was the largest region in the yarn, fibre, and thread 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. The countries 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.
The primary types of yarn, fiber, and thread manufacturing are regular and special varieties. Regular yarn and thread are predominantly used for sewing purposes. These products find applications in quilting, sewing, stitching, and embroidery, catering to end-users in sectors such as apparel, footwear and accessories, home interior, and others.
The yarn, fiber and thread market research report is one of a series of new reports that provides yarn, fiber and thread market statistics, including yarn, fiber and thread industry global market size, regional shares, competitors with a yarn, fiber and thread market share, detailed yarn, fiber and thread market segments, market trends and opportunities, and any further data you may need to thrive in the yarn, fiber and thread industry. This yarn, fiber and thread market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The yarn, fibre, and thread market include revenues earned by entities by getting used in knitting, weaving, and the production of textiles. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Yarn, Fiber and Thread Market Characteristics3. Yarn, Fiber and Thread Market Trends and Strategies32. Global Yarn, Fiber and Thread Market Competitive Benchmarking33. Global Yarn, Fiber and Thread Market Competitive Dashboard34. Key Mergers and Acquisitions in the Yarn, Fiber and Thread Market
4. Yarn, Fiber and Thread Market - Macro Economic Scenario
5. Global Yarn, Fiber and Thread Market Size and Growth
6. Yarn, Fiber and Thread Market Segmentation
7. Yarn, Fiber and Thread Market Regional and Country Analysis
8. Asia-Pacific Yarn, Fiber and Thread Market
9. China Yarn, Fiber and Thread Market
10. India Yarn, Fiber and Thread Market
11. Japan Yarn, Fiber and Thread Market
12. Australia Yarn, Fiber and Thread Market
13. Indonesia Yarn, Fiber and Thread Market
14. South Korea Yarn, Fiber and Thread Market
15. Western Europe Yarn, Fiber and Thread Market
16. UK Yarn, Fiber and Thread Market
17. Germany Yarn, Fiber and Thread Market
18. France Yarn, Fiber and Thread Market
19. Italy Yarn, Fiber and Thread Market
20. Spain Yarn, Fiber and Thread Market
21. Eastern Europe Yarn, Fiber and Thread Market
22. Russia Yarn, Fiber and Thread Market
23. North America Yarn, Fiber and Thread Market
24. USA Yarn, Fiber and Thread Market
25. Canada Yarn, Fiber and Thread Market
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
31. Yarn, Fiber and Thread Market Other Major and Innovative Companies
35. Yarn, Fiber and Thread Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Yarn, Fiber and Thread Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on yarn, fiber and thread market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for yarn, fiber and thread? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: Sinopec Group; Toray Industries Inc.; Reliance Industries; Alpek; Far Eastern New Century
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 120.84 Billion |
| Forecasted Market Value ( USD | $ 154.11 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 51 |
