PUBLISHER: The Business Research Company | PRODUCT CODE: 1754834
PUBLISHER: The Business Research Company | PRODUCT CODE: 1754834
Yarn, fiber, and thread are fundamental components in the textile industry, serving as the building blocks for a wide array of fabric-based products. Yarn is a continuous strand of twisted fibers used in knitting, weaving, and sewing to create textiles. Fiber refers to raw materials, either natural like cotton and wool or synthetic like polyester and nylon, that are spun into yarn. Thread is a type of yarn specifically designed for sewing and stitching applications. These materials are utilized by various end-users, including apparel manufacturers, home interior producers, and artisans involved in quilting, embroidery, and other crafts.
The global yarn, fiber and thread market was valued at $76,472.85 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 4.00%.
Increased Demand For Sustainable And Eco-Friendly Textiles
The increased demand for sustainable and eco-friendly textiles fueled the growth of the yarn, fiber and thread market during the historic period. Sustainable and eco-friendly textiles refer to fabrics and materials produced using environmentally responsible processes, renewable resources, and ethical practices that minimize carbon footprint, reduce waste, and promote ecological balance. The increased demand for sustainable and eco-friendly textiles is driven by factors such as rising consumer awareness, stringent environmental regulations, and corporate sustainability initiatives, with consumer awareness playing a crucial role as individuals actively seek environmentally responsible products, influencing market trends and driving the adoption of sustainable practices in the textile industry. Yarn, fiber, and thread are essential in this demand surge, as their composition, whether organic, recycled, or biodegradable, determines the sustainability credentials of the final textile products, reinforcing the industry's commitment to eco-conscious manufacturing. For instance, in December 2024, according to the Textile Exchange, a US-based nonprofit organization, the share of natural fibers produced through sustainability programs saw a modest increase in 2022, with cotton rising from 25% in 2021 to 27%, wool from 3% to 4.3%, and certifications such as SustainaWOOL (GREEN and GOLD) and Climate Beneficial also growing from around 3% to 4.3%, reaching notably high adoption rates in regions like the Falkland Islands (Malvinas) (74%), South Africa (53%), Uruguay (35%), and Argentina (21%). Therefore, the increased demand for sustainable and eco-friendly textiles drove the growth of the yarn, fiber and thread market.
Innovative Recycled Polyester Advancing Sustainability And Circularity In Textiles
Companies in the yarn, fiber, and thread market are prioritizing innovation by developing sustainable products like recycled performance polyester. This initiative aims to enhance large-scale fiber recycling and decrease reliance on virgin materials. Recycled performance polyester (rPET) is a durable and versatile synthetic fabric produced from recycled PET plastic bottles and other waste materials. It offers a lower environmental impact than virgin polyester by reducing resource consumption and emissions while maintaining comparable performance qualities. For instance, in August 2024, UNIFI, Inc., a United States-based textile solutions provider, launched circular REPREVE filament yarn and ThermaLoop insulation, expanding its portfolio of sustainable fiber innovations. These advanced materials, produced through the proprietary Textile Takeback process, utilize 100% recycled polyester feedstock with at least 50% textile waste, ensuring high performance while reducing reliance on virgin resources. By integrating traceable and environmentally certified recycled fibers into global supply chains, this launch reinforces UNIFI's commitment to advancing circularity and enhancing sustainability in the textile industry.
The global yarn, fiber and thread markets are fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 12.99% of the total market in 2023.
Yarn, Fiber And Thread Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global yarn, fiber and thread market as it emerges from the COVID-19 shut down.
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? The yarn, fiber and thread market global report from The Business Research Company 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 history and forecasts market growth by geography. It places the market within the context of the wider yarn, fiber and thread market; and compares it with other markets.