Global Yarn Market Expected To Grow At 5.1% CAGR

Worldwide textile yarn market is projected to grow at a CAGR of 5.1 percent to reach US $18.5 billion by 2028 from $14.4 billion in 2023.

“China is expected to account for the largest market share in Asia-Pacific in 2023,” Report Linker informed.

“The increasing global population, coupled with urbanisation trends, has a direct impact on the textile yarn market. As more people move to urban areas, the demand for textiles and textile products rises, creating a higher demand for textiles,” it added

While garments will continue to have the largest share among application of yarns, home textiles segment is also projected to grow during the forecast period.