Global Fancy Yarn Market Overview:
Fancy yarns are the yarns in which some deliberate decorative discontinuity or interruption is introduced, of either color or form, or of both color and form. This discontinuity is incorporated with the intention of producing an enhanced aesthetic effect. These yarns are mainly designed for their aesthetic appearance rather than performance. It has wide-ranging applications in apparel at all levels of the market. They are invariably used to create fashion fabrics. The materials used in the fancy yarn are cotton, nylon, silk, wool, polyester etc.
As per latest study released by AMA Research, the Global Fancy Yarn market is expected to see growth rate of 5.1%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Trend of Variety of Colors in Fancy Yarns
Market Growth Drivers:
High Value and High Margin Applications of Fancy Yarns, Increasing Modern Fashion Trends and Increased Disposable Income of the People in Developing Countries
Challenges:
Poor Performance and Higher Cost of the Yarns
Restraints:
Changing Fashion Trends may Hamper the Production
Opportunities:
Rising Demand for Stylish Clothing
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are Winning Textil (China), Rajvir Industries Limited (India), Jiangyin Huayi Yarn co., Ltd (China), Sharmanji Yarns Pvt. Ltd. (India), Loyal Textile Mills Ltd. (India), Kongkiat Textile Co Ltd (Japan), Sutlej Textiles and Industries Limited (India), Wuxi Tiantianrun Fancy Yarn Co., Ltd (China), Fatima Group Company (Pakistan) and Shri Damodar Yarn Manufacturing Pvt. Ltd. (India). Additionally, following companies can also be profiled that are part of our coverage like OTHER PLAYERS, Classic Elite Yarns (United States), Tongxiang Import and Export (China), Monticolor S.p.A. (Italy) and Sulochana Cotton Spinning Mills Pvt. Ltd. (India). Analyst at AMA Research see Indian Vendors to retain maximum share of Global Fancy Yarn market by 2030. Considering Market by Raw Material, the sub-segment i.e. Natural will boost the Fancy Yarn market.
Latest Market Insights:
In November 2022, The Fibre Co., a New Zealand yarn company, acquired Queensland Alpaca, an Australian alpaca fiber producer. This move aimed to secure a sustainable source of alpaca fiber for The Fibre Co.'s yarn production.
In March 2023, Rowan Yarns, a British yarn company, acquired the Icelandic yarn brand Íslópk Spinning Mill. This acquisition aimed to expand Rowan's product portfolio with Icelandic wool and strengthen its position in the luxury yarn market.
What Can be Explored with the Fancy Yarn Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fancy Yarn Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fancy Yarn
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fancy Yarn market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fancy Yarn market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fancy Yarn Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations, Research Institutes and End-user.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.