Global Fancy Yarn Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Fancy Yarn Market” was recently tracked by the in-house apparel research team of MarketResearch.biz and a report was generated to enable those in the particular field to gain clear and updated insights into what the current scenario is in the market. To track the global fancy yarn market report, the market was segmented on the basis of product type, raw material, application, and region. The report was further segmented country-wise, with each major country presented along with its respective region. Both, top-down and bottom-up approaches were applied. Intense focus is applied on company profiles and information offered is vital, and this is obtained thorough primary and secondary research efforts. The section offers detailed insights of the top 10 companies, and this includes solutions and services details, financial overview, segment overview, strategies, key developments such as mergers & acquisitions, joint ventures, product launches, business expansions, strategic agreements, and SWOT analysis.
Fancy yarns are used to improve the aesthetic appearance of fabrics. Majority of fancy yarns are produced by professional fancy spinners, and this is done using specifically designed or modified machines. Materials used for this purpose include wool, silk, cotton polyester, blend, nylon, etc.
End-products using fancy yarn could be textiles for women, men and children apparel and articles, and also carpets, curtains, and decorative materials.
Ever-changing modern fashion trends continues to drive demand for clothing, and this coupled with rising spending power among consumers are some of the major factors expected to drive growth of the global market.
Rising sales and production of fancy yarn owing to rising demand for end-products such as curtains, scarves, knitwear, party wear, and clothes in developed and developing countries is also expected to drive growth of the target market.
However, costs of fabric, yarn, and clothing manufacture costs are relatively high, and production speed is generally slower than that used to produce normal plain commodity yarn. These factors are expected to restrain growth of the global fancy yarn market to a certain extent.
Moreover, increasing demand for stylish and fashionable clothing in developed and developing countries is a key trend observed in the market.
Increasing technological advancements in knitting and weaving equipment and machinery coupled with increasing research and innovations in textile products is expected to create lucrative opportunities for players operating in the target market.
By Product Type:
Among the product type segments, the knop yarn segment is expected to account for major revenue share over the forecast period, while revenue from the chenille yarn segment is projected to register a substantial growth. This projected growth of the chenille yarn segment is due to properties of this material such as durability as well as soft to the touch, and it is used for blankets, scarves, towels, washcloth, shawls, garments and throws.
By Raw Material:
Among the raw material segments, the natural raw material segment is expected to dominate other raw material segments in the market in terms of revenue contribution, and is projected to maintain its position over the forecast period.
Among the application segments, the textile segment is expected to account for higher revenue share as compared to the other application segments in the global market. This can be attributable to increasing usage of textiles in the construction industry.
The Asia Pacific fancy yarn market is expected to account for a majority revenue share in the global market. Increasing production of textile and rising demand from the clothing industry in countries in the region, especially from India and China, is resulting in the high revenue share from this region.
The Europe fancy yarn market is estimated to register a significant growth rate during the forecast period. This can be attributable to increasing interest and demand for various types of fancy yarns in countries in this region.
Global Fancy Yarn Market: Segmentation
Segmentation by Product Type:
- Chenille Yarn
- Gimp Yarn
- Loop Yarn
- Knop Yarn
Segmentation by Raw Material:
Segmentation by Applications:
- Home Furnishing
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Loyal Textile Mills Ltd.
- Sutlej Textiles and Industries Ltd.
- Wuxi Tiantianrun Fancy Yarn Co., Ltd
- Jiangyin Huayi Yarn co., Ltd.
- Fatima Group
- Shri Damodar Yarn Manufacturing Pvt. Ltd.
- Classic Elite Yarns
- American Woolen Co.
- Sulochana Cotton Spinning Mills Pvt. Ltd.
- Rajvir Industries Limited
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