The cotton yarn segment, derived from plant sources, is poised to capture the largest market share in 2023, leading the way in the textile yarn industry.
Cotton yarn has maintained a prominent position due to its exceptional properties and sustained demand in the textile sector. Especially favored in the clothing industry, cotton yarn is renowned for its comfort and breathability, making it the preferred choice for a wide range of garments including t-shirts, jeans, dresses, shirts, and innerwear. The demand for cotton yarn remains consistently high in the clothing sector.
During the forecast period, the home textile segment is expected to experience
e significant growth in the application segment. Home textiles encompass a diverse range of products such as bedding, curtains, upholstery fabrics, towels, rugs, and more, which enhance the aesthetic appeal and functionality of residential spaces. China is projected to hold the largest market share in the Asia-Pacific region in 2023.
Leveraging its substantial manufacturing capacity, well-established textile industry, and cost-effective production, China is well-positioned to meet both domestic and international demand for textile yarns.
In summary, the cotton yarn segment is set to dominate the textile yarn market, while the home textile segment shows promising growth, and China leads the market in the Asia-Pacific region.
