The Fleece Knitting Yarn market will register an 8.8% CAGR in terms of revenue, the global market size will reach US$ 1237.5 million by 2027.
Fleece is a soft, smooth and warm textile material which resembles wool in terms of its appearance and texture. It is prepared from polyester, polyamide and acrylic fibres and is utilized for various purposes such as knitted garments, blankets, protective clothing, carpeting and upholstery. In addition, it can be used in different types of clothing such as jackets, sweaters, hats, scarves, gloves, socks and vests. The properties of fleece include shrink resistance and wrinkle resistance as it stretches easily thus eliminating the need for ironing. Moreover, this fabric does not have any natural oils or waxes thus it dries faster than wool products. Rapid urbanization fueled by industrialization has created a vast demand for everyday essentials such as clothing and furniture. This is one of the primary drivers fueling the global demand for fleece knitting yarn.
The report also assesses the key opportunities in the Fleece Knitting Yarn market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Fleece Knitting Yarn Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Top Key players in the Fleece Knitting Yarn Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Fleece Knitting Yarn Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Hengyuanxiang, MEZ Crafts, Karbel Group, Erdos Group, Artyarns, Brown Sheep Company, Snow Lotus Group, Shibui Knits, Blacker Yarns, Malabrigo
IOC confirms no forced labor involved in Beijing Games outfits
Following concerns from U.S. lawmakers, the International Olympic Committee (IOC) confirmed Wednesday that no forced labor was involved in the production of Beijing Winter Games uniforms.
The United States' Congressional-Executive Commission on China (CECC) said earlier this month it was worried that suppliers Anta Sports and Hengyuanxiang Group (HYX Group) were using cotton from the Xinjiang region.
"Cotton produced in the XUAR (Xinjiang Uyghur Autonomous Region) is synonymous with forced labor and the systematic repression that takes place there," the letter said, echoing accusations of abuses against the Uyghur ethnic group.
Washington has alleged genocide, but China denies that and says it is the victim of a Western smear campaign.
The IOC said in a statement late on Wednesday that it had conducted third-party due diligence on its suppliers of the uniforms for staff, officials and volunteers at the Feb. 4-20 Games.
What are the major Applications, Types and Regions for Fleece Knitting Yarn Market?
Fleece Knitting Yarn Market is segmented based on the type, applications, companies and regions.
By Type, Fleece Knitting Yarn Market has been segmented into
By Application, Fleece Knitting Yarn Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Fleece Knitting Yarn Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America has been dominating the global Fleece Knitting Yarn Market and the scenario is anticipated to remain unchanged over the forecast period. The U.S. and Canada are the major contributors to the growth of raw knitting yarn market in this region. Increasing demand for comfortable fashionable apparels from consumers in these countries has been driving the North America Fleece Knitting Yarn Market significantly. Asia Pacific is expected to grow at the fastest rate owing to the increasing disposable income of the population, growing demand for knitwear, and growing awareness about the health benefits of woolen garments during the forecast period. Europe is expected to register an increase in revenue over the next five years due to growing use of environmentally sustainable products.
Fleece Knitting Yarn Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Fleece Knitting Yarn Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 8.8% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Hengyuanxiang, MEZ Crafts, Karbel Group, Erdos Group, Artyarns, Brown Sheep Company, Snow Lotus Group, Shibui Knits, Blacker Yarns, Malabrigo |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 93 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Fleece Knitting Yarn Market?
The Fleece Knitting Yarn Market is growing at a CAGR of 8.8% over the next 5 years.
Who are the key players in Fleece Knitting Yarn Market?
Hengyuanxiang, MEZ Crafts, Karbel Group, Erdos Group, Artyarns, Brown Sheep Company, Snow Lotus Group, Shibui Knits, Blacker Yarns, Malabrigo
What are the significant types of Fleece Knitting Yarn Market?
Coarse Wools, Medium Wools, Fine Wools
What are the major end-use applications of Fleece Knitting Yarn Market?
Apparel, Blanket, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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