Global fancy yarn market expected to grow to $8.67 billion by 2033, driven by demand for unique products.

From GlobeNewswire: 2024-08-21 20:00:00

The Global Fancy Yarn Market is expected to grow from USD 5.39 billion in 2023 to USD 8.67 billion by 2033, with a 4.87% CAGR. Fancy yarns, also known as fashion or novelty yarns, create distinctive effects in fabrics with added fibers, color, and texture. Consumers in fashion and home decor sectors are driving demand for unique and stylish products.

The chenille yarn segment is projected to dominate the market, offering a velvet-like texture to textiles. The garment industry segment is expected to have the highest market share, promoting innovation in material and production techniques for various clothing styles. Europe leads the fancy yarn market, while Asia Pacific shows the highest CAGR due to its strong fashion and textile industries.

Key players in the fancy yarn market include Filpucci Spa, Coats Group plc, Unifi, Inc., and Toray Industries, Inc. The market is highly competitive, with companies focusing on product development, partnerships, and acquisitions. The report provides a detailed analysis of the market landscape, current news, and developments within the industry.

The Global Fancy Yarn Market is segmented by type (Chenille Yarn, Gimp Yarn, Loop Yarn, Knop Yarn, Slub Yarn, and Others) and application (Garment Industry, Garment Accessory, Carpet, and Others). Regions analyzed include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Spherical Insights & Consulting offers comprehensive market research and consulting services to assist businesses in achieving their objectives.



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