The global demand for Wool Worsted Yarn Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Worsted yarns are made from high-quality wool. These yarns differ from other woolen yarn with regards to their weight, type, and quality. The fabric made from worsted woolen yarn is more robust, smoother, and more elegant than standard wool. Worsted wool yarns are produced from long-staple pasture wool of sheep breeds such as Teeswaters, Old Leicester Longwool, and Romney Marsh. These yarns are not carded; instead, they are washed, gilled, and combed using heated long-tooth metal combs, later oiled, and spun. As compared to standard woolen yarn, worsted woolen yarn tend to be more costly as the sheep from which the wool is taken of the higher breed. Also, the worsted fabric needs more processing; as a result, its price tends to increase. Worsted fabric is mainly used for men's suitings.
Market Dynamics
The market is primarily driven by high production and demand of textile fibre and a rapidly rising population and rising disposable income globally. In addition to this, growth in fashion trends among people is considered one of the vital factors that drive market growth. In terms of region, increasing foreign investment in the Asia Pacific contributes to the positive impact of market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of wool worsted yarn.
Market Segmentation
The entire wool worsted yarn market has been sub-categorized into product type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Tropical Worsted Wool
- Plain Weave Worsted Wool
By Application
- Clothing
- Upholstery Fabric
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for wool worsted yarn market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Wool Worsted Yarn Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the wool worsted yarn market include Südwolle Group, Shandong Hengtai Textile Co. Ltd., Indorama Ventures Public Company Limited, Henan First Textile & Apparel (Group) Co. Ltd., and JayaShree Textiles. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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