Dublin, June 19, 2025 (GLOBE NEWSWIRE) — The “Yarn, Fiber and Thread Market Opportunities and Strategies to 2034” has been added to ResearchAndMarkets.com’s offering.
The yarn, fiber, and thread market, valued at $97.13 billion in 2024, is projected to reach $133.42 billion by 2029, growing at a robust CAGR of 6.55%. By 2034, the market is expected to further expand to $170.42 billion, driven by various factors, including the rise of athleisure, sportswear, and the continued growth of e-commerce and online retail platforms.
During the historic period from 2019-2024, market growth was supported by increased textile exports and demand for sustainable textiles, alongside initiatives favoring the fashion industry. However, unstable raw material prices and synthetic competition posed challenges. Looking ahead, a decline in traditional weaving practices and labor shortages could potentially constrain market expansion.
Regionally, Asia-Pacific held a dominant market share in 2024, valued at $68.36 billion (70.38%). The Middle East and Africa are expected to exhibit the fastest growth, with anticipated CAGRs of 16.43% and 8.96%, respectively, while Asia-Pacific and Western Europe are set to grow at CAGRs of 6.14% and 4.54%.
The market remains fragmented, with small players proliferating. In 2023, the top ten competitors accounted for 12.99% of the total market. Sinopec Group led with a 2.61% share, followed by Reliance Industries Ltd. with 2.33%, and others such as Alpek S.A.B. de C.V and Toray Industries Inc. The market is segmented by type into regular and special yarn, and by end-users into apparel, footwear, and home interiors. Regular yarn dominated in 2024, while special yarn is anticipated to be the fastest-growing segment, reflecting a CAGR of 7.71% from 2024-2029.
Apparel emerges as the largest segment across applications, projected to experience rapid growth, propelled by the demand for fast fashion and technological advancements in high-performance yarns. Opportunities for growth by type highlight regular yarn as a key focus, projected to contribute $93.9 billion of global annual sales by 2029.
Strategic partnerships and innovations in recycled polyester are set to enhance market sustainability. The focus is on expanding offerings in emerging markets, optimizing pricing strategies, and digital engagement to capture new consumer bases. Sustainable yarns, specifically embroidery, are identified as high-growth opportunities.
Major Market Trends
- Strategic Partnerships Driving Sustainability and Circular Economy in Textiles
- Innovative Recycled Polyester Advancing Sustainability and Circularity in Textiles
- Innovative High-Performance Textile Yarns Enhance Durability and Sustainability in Fabrics
- Sustainable Filament Yarn Revolutionizing Eco-Friendly Textile Manufacturing Worldwide
Key Mergers and Acquisitions
- Spiber Inc. Announced a Partnership With Botto Giuseppe
- Brickle Group Acquired Family Yarns Inc.
- Sistema.bio Acquired Inclusive Energy (IE)
- RSWM Limited Acquired Ginni Filaments Ltd.
Companies Featured
- Sinopec Group
- Reliance Industries Ltd.
- Alpek S.A.B. de C.V
- Toray Industries Inc.
- Teijin Limited
- Eastman Chemical Company
- Lenzing AG
- Indorama Corporation
- DuPont de Nemours Inc.
- Parkdale Mills Inc.
- Toray Industries (India) Private Limited
- Far Eastern New Century
- Weiqiao Textile Co., Ltd
- Nisshinbo Textile Inc.
- Marubeni Corporation
- Saint Gobain Tape Solutions
- Trelleborg Engineered Coated Fabrics
- Unifi Inc.
- Tex Tech Industries
- Huvis
- Kuraray Co., Ltd
- Indorama Ventures
- Asahi Kasei Corporation
- Vardhman Textiles Ltd
- Grasim Industries Limited
- Hengli Group Co., Ltd
- Arvind | Advanced Materials Limited
- Indo-Rama Synthetics
- RSWM Limited
- Colossustex Private Limited
- Raymond Ltd
- Ambika Cotton Mills Limited
- Damodar Group
- HuaFang Group
- KPR Mill Limited
- Maharaja Shree Umaid Mills Limited
- Nitin Spinners Limited
- Alok Industries Limited
- Filatex India Limited
- Rifil SA
- Aditya Birla Group
- Glanzstoff Group
- LPP SA
- Coats Romania SRL
- Silvania Worsted Spinning
- Yarnea S.R.L.
- Amann Romania S.R.L.
- Schoeller Textiles AG
- Sintex Company, Inc.
- KORDARNA Plus a.s.
- Tollegno 1900 S.p.A.
- REPREVE
- Brickle Group
- Evrnu
- Shalag US
- Roswell Textiles
- EQ3
- Texel Inc.
- INDUSTRIES 3R INC.
- Amtex (YARN) Manufacturing Inc.
- Fibrofill inc.
- Wallace Workwear Inc.
- Lenrod Industries
- Bermatex
- Coats Bell Div. of Coats Canada Inc.
- Albany International Corp.
- InPro Corporation
- Dunmore Corp.
- Fabrico
- Bally Ribbon Mills
- Aurora Specialty Textiles Group, Inc.
- Regitex
- Globe Thread Canada (GTC)
- Laxer Fiber Company Limited
- Great Northern Knitters Incorporation
- Belfast Mini Mills, Ltd.
- Paramount Texteis
- Fiacao Sao Bento S.A. (Brazil)
- Siltex Brasil Ltda
- Textil Sao Joao
- Grupo Argentino Del Color
- Chenille Argentina SRL
- Albaad group
- Yarns Dubai
- Mattex Yarns
- United Textiles Aratex Group
- Saudi Spinning & Textile Mill
- Harvest Group
- Elasticos Yarns
- The Yarn Room
- Leena Egypt
- AlSaraTex Co.
- Integrated Fibres Limited
For more information about this report visit https://www.researchandmarkets.com/r/8ee0lq
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- Yarn, Fiber and Thread Market
