Spun Yarn

Spun Yarn

Global Spun Yarn Market to Reach 83.3 Million Tons by 2030

The global market for Spun Yarn estimated at 62.4 Million Tons in the year 2023, is expected to reach 83.3 Million Tons by 2030, growing at a CAGR of 4.2% over the analysis period 2023-2030. Cotton Yarn, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach 47.9 Million Tons by the end of the analysis period. Growth in the Polyester Yarn segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at 16.6 Million Tons While China is Forecast to Grow at 6.3% CAGR

The Spun Yarn market in the U.S. is estimated at 16.6 Million Tons in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 17.4 Million Tons by the year 2030 trailing a CAGR of 6.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.8% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Global Spun Yarn Market - Key Trends and Drivers Summarized

Spun yarns are long, continuous strands of interlocked fibers used in the production of textiles, sewing, crocheting, knitting, weaving, embroidery, and rope making. Thread, a specific type of spun yarn, is designed for hand or machine sewing. These yarns can be crafted from various natural or synthetic fibers.  The industry has transitioned from traditional spinning methods to state-of-the-art technologies, enhancing efficiency, quality, and sustainability. Innovations such as automated spinning machinery, advanced fiber processing technologies, and digital monitoring systems have enhanced the efficiency and quality of yarn production. These advancements reduce labor costs, increase production speed, and improve the consistency and strength of the yarn. Additionally, developments in fiber blending and processing enable manufacturers to create high-performance yarns with specific characteristics tailored to various applications, from high-end fashion to industrial textiles. As a result, the ability to produce specialized yarns that meet diverse consumer demands is a major growth driver in the spun yarn market.

The growing consumer and industry focus on sustainability is a significant trend driving the spun yarn market. There is an increasing demand for eco-friendly and sustainable textiles made from organic, recycled, or biodegradable fibers. Consumers are becoming more environmentally conscious, seeking products that have a lower environmental impact throughout their lifecycle. This has led to the adoption of sustainable practices in yarn production, such as using organic cotton, recycled polyester, and other eco-friendly materials. Additionally, innovations in sustainable dyeing and finishing processes are reducing the environmental footprint of yarn production. Brands that prioritize sustainability are gaining favor among consumers, thereby boosting the demand for spun yarn made from sustainable sources.

The versatility of spun yarn is expanding its applications across multiple industries, further driving market growth. In the fashion and apparel sector, spun yarn is essential for producing a wide range of garments, from everyday wear to high-fashion items. The increasing popularity of athleisure and performance wear, which require high-strength and durable yarns, is also contributing to market expansion. Beyond fashion, spun yarn is widely used in home textiles, such as upholstery, curtains, and bedding, where the demand for high-quality, aesthetically pleasing, and durable fabrics is growing. Additionally, the industrial sector utilizes spun yarn in products such as ropes, nets, and filters, highlighting its importance in various technical and functional applications.

Select Competitors (Total 53 Featured) -

• Aarti International Ltd.
• Far Eastern New Century Corporation
• Huvis
• Hyosung Group
• Nitin Spinners Limited
• Reliance Industries Limited
• Trident Group
• Zhejiang Hailide New Material Co., Ltd.
• Zhejiang Unifull Industrial Fibre Co., Ltd.

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