The global yarn market is growing at five per cent a year.
Innovations in the textile industry are one of the prime reasons driving the yarn market. Also, capacity expansions by vendors in the textile industry and personalisation and customisation of home textile products lead to sizable demand in the market.Continuous research and development, a thrust on innovation by textile companies in yarn and a thrust on sustainability are also contributing to more demand of various types of yarns.
The global wool yarn market is growing by four per cent a year. The increasing preference for upholstery fabrics among consumers to enhance the appearance of their home interiors is creating a lucrative impact on the wool yarn market, as wool yarn is used in the manufacturing of curtains, carpets etc. Owing to this, textile manufacturers are demanding raw materials such as wool yarn.
Thus the growing textile industry is acting as an influencing factor for the global wool yarn market.Increasing disposable income and per capita consumer spending on clothing and other textiles, coupled with the growing youth inclination toward fashion trends, has escalated the consumption of wool yarn. Growing retail sales infrastructure, such as malls, is creating a positive influence on the wool yarn market.