The Yarn Market is being driven by Growing demand for textiles in developing economies
The Yarn Market is expected to grow at a CAGR of 5.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 39.9 billion. The global yarn market witnesses significant competition among major players, who are continually innovating to stay ahead. Product enhancements focusing on improved efficiency and advanced properties are becoming increasingly prevalent in the industry. To maintain their competitive edge and market share, companies are heavily investing in new technologies and inventions. For instance, in May 2025, HUGO BOSS launched NovaPoly, a groundbreaking recycled polyester yarn. Produced in collaboration with Jiaren Chemical Recycling and NBC LLC, this innovative yarn utilizes both manufacturing scrap and post-consumer textile waste, addressing the environmental concern of microplastic pollution in the fashion sector.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
206 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
Market growth 2025-2029 |
USD 39.9 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
4.9 |
Key countries |
China, India, US, Vietnam, Indonesia, Bangladesh, Germany, Brazil, UK, and Turkey |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Yarn Market is undergoing significant transformations with a focus on textile waste management and recycling technologies. Smart textiles and wearable technology are at the forefront, integrating industrial sewing machines, cutting and sewing, pattern grading, and CAD/CAM systems. Innovations include 3D printing, digital printing, and textile simulation. Transparency, ethical sourcing, and labor standards are prioritized, alongside product lifecycle management and fashion trends. Global trade, import/export, industry regulations, safety standards, and product certifications shape the market. Intellectual property, joint ventures, industry associations, and trade shows also play crucial roles.
The global textile market encompasses a broad spectrum of textile products, including yarns with varying counts and fiber contents, as well as spun yarns, woven fabrics, and knit fabrics. Excluding apparel, accessories, luxury goods, and footwear, the textiles sector generates substantial revenue. According to Technavio, market expansion will be propelled by the burgeoning demand for geotextiles. These synthetic, permeable textiles, fabricated using polymers such as polyester, polypropylene, polyethylene, and polyamides, are essential for infrastructure development and environmental protection applications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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