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Global demand for sewing threads to reaches $5,627 million by 2026

As per Global Sewing Threads Market report from Facts and Factors, global demand for the sewing threads is anticipated to reach around US$ 5,627 million by 2026. The anticipated CAGR for the market is around 4 per cent from 2020 to 2026.

Synthetic category in the type segment held 65 per cent market share in 2018. Demand for synthetic threads is anticipated to increase owing to its advantages such as superior resistance to chemicals, tenacity, and higher abrasion resistance. In addition, the environmental conditions and microorganisms such as insects, bacteria, and mildew have no effect on synthetic fibers, thus significantly increasing its applications in the textile industry and apparel.

In application segment, the apparel category accounted for almost 39 per cent market share in 2018 and is anticipated to grow over the forecast period owing to growing fashion industry and trends. High disposable income and Westernisation will surge demand for apparel.

Asia Pacific accounted for almost 48 per cent of the market in 2018. Growing textile and export activities in China are anticipated to help the global sewing threads market boom during the forecast period. The textile industry has become one of the key pillars for China in terms of the economy due to the low labor cost, high investments, easy availability of raw materials, growing e-commerce.

 
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