COVID-19 Impact Analysis on Fancy Yarn Market
Transparency Market Research delivers key insights on the global fancy yarn market. In terms of value, the global fancy yarn market is estimated to expand at a CAGR of ~6% during the forecast period 2020 to 2030, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global fancy yarn market report.
In the report, TMR predicts that the global fancy yarn market would be largely driven by increasing demand for fashion fabrics, rapid expansion of the middle-class population, and changing consumer preferences regarding fashion and clothing. These factors are expected to boost the market during the forecast period.
According to the fancy yarn market report, the product type segment has been divided into spiral yarn, gimp yarn, loop yarn, snarl yarns, knob yarns, slub yarn, and others. In terms of fiber, the fancy yarn market has been segregated into cotton, wool, silk, polyester, rayon, and others. Cotton, polyester, and various other synthetic & blended fibers are most commonly used to make different types of fancy yarns.
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Based on price range, the fancy yarn market has been classified into low, medium, and high. Based on end use, the global fancy yarn market has been split into fashion clothing, knitwear, ties, furnishings, curtains, upholstery, and others. As per the distribution channel, the global fancy yarn market has been bifurcated into online and offline. Companies are offering wide and exclusive range of fancy yarns through distributors and retailer networks.
The style conscious younger generation is increasingly investing in fashion clothing and always looking for diversified offerings. Fashion fabrics are used in knitwear, outwear, and men’s jackets, among others. Hence, it plays a crucial role in driving the fancy yarn market. Therefore, the rising importance and demand for fashion fabrics in furnishing projects, women’s clothing materials, and men’s suiting materials is expected to fuel the worldwide market growth of fancy yarns.
Fancy Yarn Market: Prominent Regions
Asia Pacific was the dominant and fastest growing market for fancy yarn in the year 2019. China and India are major markets for fancy yarn in the Asia Pacific region and are responsible for the growth of the fancy yarn market in the region in recent years. The evolution of the textile industry and rise in usage of fancy yarn in different industries are anticipated to drive the overall sales of fancy yarns in the near future.
Fancy Yarn Market: Key Players
Key players operating in the global fancy yarn market include Filpucci Spa, Filati G.B. Srl, Ipeks Tekstil, Jiangyin Huayi Yarn Co., ltd, Laxtons Limited, Siyaram’s Silk Mills Limited, Sutlej Textiles and Industries Limited, Kongkiat Textile Co ltd, Winning Textile Co Ltd., Softech Controls Pvt. Ltd., PinterCaipo, Skaat Machine Works India Pvt. Ltd., Saurer AG, and Rieter.
