Fancy Yarn Market

Fancy Yarn Market Size, Share, Trends, Growth, and Industry Analysis, By Raw Material (Synthetic and Natural), By Product Type (Loop Yarn, Knop Yarn, Chenille Yarn, Gimp Yarn, and Others), By Applications (Home Furnishing, Textile, and Others), Regional Analysis and Forecast 2032.

Manufacturing & Construction | April 2024 | Report ID: EMR00819 | Pages: 253

Global Fancy Yarn market size was USD 5.45 billion in 2023 and the market is projected to touch USD 8.38 billion by 2032, at a CAGR of 4.9% during the forecast period.

 

The Fancy Yarn refer to complex network of threads, including different yarns that are made with special effects to make fabrics look more beautiful. Fancy yarns stand out because of their interesting textures, colours, and patterns, which make textiles look and feel better. These yarns are made to meet the changing needs of the fashion and textile industries, where being creative and coming up with new ideas is really important. Fancy yarns give designers and makers a lot of choices, from bouclé to chenille, to make clothes, furniture, and home textiles that are really attractive.

Over the past few years, the Global Fancy Yarn market has experienced steady growth due to an increasing consumer inclination towards unique and trendy products. This shift is partly driven by the significant impact of social media in spreading trends quickly, encouraging consumers to look for distinctive and appealing designs. Moreover, the availability of fancy yarn products through various online retail platforms has broadened the global reach, giving consumers access to a wide range of choices. With the rising importance of sustainability, manufacturers are now more focused on utilizing eco-friendly materials and production methods to meet the growing demand for ethically sourced and environmentally friendly goods. Even though the Global Fancy Yarn market faces obstacles like changing raw material costs and shifting consumer tastes, it is set to keep growing due to advancements and inventiveness in the textile sector.

 

Global Fancy Yarn report scope and segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 5.45 Billion

Projected Market Value (2032)

USD 8.38 Billion

Base Year

2023

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Raw Material, By Product Type, By Applications, & Region.

Segments Covered

By Raw Material, By Product Type, By Applications, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Fancy Yarn dynamics

The Global Fancy Yarn market is constantly changing due to various factors such as consumer preferences, technological improvements, and economic changes. Consumer tastes and fashion trends dictate the demand for fancy yarns, as people look for special and attractive fabrics to showcase their individual style. There is also a rising emphasis on sustainability and ethical practices in the market, leading manufacturers to use eco-friendly materials and methods to meet the changing demands of consumers.

Modern advancements in technology, like improved spinning methods and digital printing for yarn, are changing the fancy yarn sector by allowing companies to make more detailed and unique designs with better accuracy and efficiency. This not only improves the quality of products but also makes production faster and cheaper. Economic elements such as material costs, currency changes, and global conflicts also play a role in the industry, affecting the way supply chains work and how prices are set. Even with these difficulties, the Global Fancy Yarn market is growing due to ongoing efforts to be creative, innovative, and sustainable in the textile field.

 

Global Fancy Yarn drivers

  • Increasing Consumer Demand for Unique Textiles

The increasing demand for unique and stylish products is a key factor driving the Global Fancy Yarn market. Consumers in the fashion and home decor industries are looking for textiles that are different and showcase their personal style choices. Fancy yarns, which come in a variety of textures, colours, and patterns, allow designers and manufacturers to create visually appealing products that meet these needs. With social media platforms influencing consumer preferences, there is a growing desire for distinctive textiles that will continue to fuel growth in the fancy yarn market.

  • Technological Advancements in Yarn Manufacturing

The Global Fancy Yarn market is experiencing growth due to advancements in yarn manufacturing processes. Techniques like air-jet spinning and compact spinning are enhancing the quality and efficiency of fancy yarn production. Digital yarn printing technology is allowing for precise and intricate designs to be printed on yarns, giving designers more creative options. These technological improvements are not only enhancing product quality but also boosting production capabilities, leading to reduced lead times and costs.

 

Restraints:

  • Fluctuating Raw Material Prices

The Global Fancy Yarn market faces challenges due to fluctuations in raw material prices like cotton, wool, and synthetic fibres. Factors such as supply and demand shifts, weather conditions, and geopolitical tensions can lead to unstable prices, affecting production costs and profits for manufacturers.

  • High Manufacturing Costs and Limited Scalability

The high manufacturing costs associated with fancy yarn production, coupled with limited scalability compared to conventional yarns, present challenges for market growth. The intricate designs and specialty effects characteristic of fancy yarns require complex manufacturing processes and specialized equipment, which can drive up production costs. Additionally, the customization and small-batch production often associated with fancy yarns can limit scalability and hinder economies of scale.

 

Opportunities:

  • Growing Demand for Sustainable and Eco-Friendly Yarns

The rising awareness among consumers about environmental issues and sustainability is creating a big chance for the Global Fancy Yarn market. With more people looking for ethically sourced and eco-friendly products, there is a higher need for fancy yarns made from sustainable materials and produced using environmentally conscious methods. Manufacturers can take advantage of this opportunity by using eco-friendly fibres like organic cotton, recycled polyester, and biodegradable materials, and integrating sustainable production practices into their supply chain.

 

Segment Overview

  • By Raw Material

By raw materials, is segmented into synthetic fibres such as polyester, nylon, and acrylic, offer manufacturers versatility in terms of colour, texture, and performance characteristics. Synthetic fibres can imitate natural fibres in appearance and texture, often at a lower cost and with less maintenance. However, natural fibres like cotton, wool, and silk are favoured for their luxurious feel and eco-friendly appeal. Additionally, natural fibres have properties like moisture-wicking and temperature regulation, making them perfect for various high-end yarn uses.

  • By Product Type

By product types, the market is segmented into loop yarns feature loops along their length, creating a textured and three-dimensional surface that adds visual interest to fabrics. Knop yarns have unique irregularly shaped protrusions known as 'knops' along the yarn strand, giving textiles a whimsical and playful touch. Chenille yarns are soft and fuzzy in texture, commonly used for upholstery and decorative trims due to their luxurious look. Gimp yarns have a coiled or twisted construction that adds structure and embellishment to fabrics, especially in embroidery and decorative stitching.

  • By Application

By applications, the market is segmented into home furnishing represents a significant market section for fancy yarns, including upholstery fabrics, curtains, carpets, and decorative pillows. The unique textures and vibrant colours of fancy yarns have the power to elevate simple home decor into stunning pieces that elevate the visual charm of living areas. Within the textile industry, fancy yarns are a key component in clothing and fashion accessories, spanning from cozy sweaters and chic scarves to trendy handbags and stylish hats.

The flexibility of fancy yarns grants designers the ability to craft unique and cutting-edge attire that catches the eye in a saturated market. Moreover, fancy yarns serve a variety of purposes in diverse fields such as automotive interiors, industrial textiles, and crafts, where their decorative and practical attributes are highly sought after.

 

Global Fancy Yarn Overview by Region

In the fancy yarn industry, North America and Europe are considered mature markets due to high demand for quality and stylish textiles. These regions have a strong textile industry, refined consumer tastes, and a focus on innovation and sustainability. On the other hand, Asia Pacific countries like China, India, and Japan are becoming key players in the fancy yarn market. This growth is driven by industrialization, urbanization, and a growing middle-class population with more disposable income.

The region boasts a large manufacturing base, ample raw materials, and a skilled workforce, positioning it as a centre for textile production and exports. Latin America, such as Brazil and Mexico, plays a significant role in the global fancy yarn market due to its dynamic fashion industry and increasing interest in distinctive and stylish textiles. The Middle East and Africa also have a growing market for fancy yarns, driven by factors like rising investments in textile production, higher consumer spending on luxury items, and a preference for high-quality fabrics.

 

 

Global Fancy Yarn market competitive landscape

Major companies in the market include yarn manufacturers such as Coats Group plc, Unifi, Inc., Indorama Ventures Public Company Limited, and Nilit Ltd., among others. These companies compete based on factors such as price, product range, distribution network, and brand reputation. Additionally, strategic partnerships, mergers, and acquisitions are common strategies employed by players to expand their market presence and gain a competitive edge. With a focus on meeting evolving consumer preferences and sustainability requirements, companies are investing in research and development to develop eco-friendly fibres and production processes. Furthermore, collaborations with fashion designers and textile manufacturers are facilitating the creation of innovative and trendsetting fancy yarn products.

Key Players:

  • Coats Group plc
  • Unifi, Inc.
  • Indorama Ventures Public Company Limited
  • Nilit Ltd.
  • Toray Industries, Inc.
  • Shandong Shengrui Group Co., Ltd.
  • Huvis Corporation
  • Filatura C4 S.p.A.
  • Supreme Corporation
  • Koninklijke Ten Cate BV

 

Scope of global Fancy Yarn report

Global Fancy Yarn report segmentation

ATTRIBUTE

DETAILS

By Raw Material

  • Synthetic
  • Natural

By Product Type

  • Loop Yarn
  • Knop Yarn
  • Chenille Yarn
  • Gimp Yarn
  • Others

By Applications

  • Home Furnishing
  • Textile
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Fancy Yarn size and forecast: To identify and estimate the market size for global Fancy Yarn market segmented By Raw Material, By Product Type, By Applications, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Fancy Yarn
  • Market Influencing Factors: To find out the factors which are affecting the market of global Fancy Yarn among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Fancy Yarn forecast period is 2024 - 2032.
According to global Fancy Yarn research, the market is expected to grow at a CAGR of ~ 4.9% over the next eight years.
The possible segments in global Fancy Yarn are based on By Raw Material, By Product Type, By Applications, & by region.
The expected market size for Global Fancy Yarn is USD 8.38 billion in 2032.
The major players in the market are Coats Group plc, Unifi, Inc., Indorama Ventures Public Company Limited, Nilit Ltd., Toray Industries, Inc., Shandong Shengrui Group Co., Ltd., Huvis Corporation, Filatura C4 S.p.A., Supreme Corporation, and Koninklijke Ten Cate BV.
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