In the forecast period from 2021 to 2028, the plant-based textile yarn market is projected to expand at a rate of 4.40%. The rising demand for textile yarn for home textiles, apparel and other industrial purposes, which in the forecast period of 2021-2028 will act as a driver for the plant-based textile yarn market.
Global Plant-Based Textile Yarn Market Scope and Market Size
Plant-based textile yarn market is segmented on the basis of type, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the plant-based textile yarn market is segmented into natural yarn, artificial yarn, and others. Natural yarn has been further segmented as plant yarn, and animal yarn. Animal yarn has been further sub segmented into silk yarn, and wool yarn. Plant yarn has been further sub segmented into cotton yarn, flax yarn, hemp yarn, jute yarn, and ramie yarn. Artificial yarn has been further segmented into polyester, nylon, acrylic, and viscose. Artificial yarn products will account for the largest share in the market due to the rising usages of the products in blended varieties.
- Based on application, the plant-based textile yarn market is segmented into apparel, home textile, industrial, and other applications. Other applications have been further segmented into medical and sports applications.
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Market Analysis and Insights: Global Plant-Based Textile Yarn Market
A textile yarn is a strand of fibres or filaments that are natural or synthetic. In the textile industry, textile yarns are primarily used for the manufacture of clothing, home textiles, medical, and sports goods.
Increasing number of innovations in the production process of the product along with growth of the various end-use industries across the globe, rapid urbanization as well as industrialization, changing consumer preferences towards affordable and comfortable clothing such as silk, viscose, hemp, and others are some of the major as well as insightful factors which will likely to augment the growth of the plant-based textile yarn market in the projected timeframe of 2021-2028. On the other hand, growing demand for organic based yarns along with development of new varieties and blends which will further contribute by generating immense opportunities that will led to the growth of the plant-based textile yarn market in the above mentioned projected timeframe.
Stringent rules and regulations along with volatility in the prices of raw material which will likely to act as market restraints factor for the growth of the plant-based textile yarn in the above mentioned projected timeframe. High inventory holding cost, trans-pacific partnership, maintaining quality through scattered channels along with direct government assistance to raw material producers which will become the biggest and foremost challenge for the growth of the market.
Plant-Based Textile Yarn Market Country Level Analysis
Plant-based textile yarn market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the plant-based textile yarn market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Plant-Based Textile Yarn Market Share Analysis
Plant-based textile yarn market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plant-based textile yarn market.
Leading Brands in Plant-Based Textile Yarn Market
The major players covered in the plant-based textile yarn report are Parkdale Mills, Inc.; VARDHMAN GROUP; Huvis; Grasim Industries Limited.; Raymond Limited; Weiqiao Textile Company Limited.; TORAY INDUSTRIES, INC.; Bonar Yarns Fabrics Ltd; Thai Rayon Public Company Limited; Aksa; Asahi Kasei Corporation.; Barnhardt Natural Fibers.; Celanese Corporation; Far Eastern New Century Corporation; FORMOSA TAFFETA CO., LTD.; Indorama Ventures Public Company Limited.; FiberVisions, L.P.; KURARAY CO., LTD.; PT Polychem Indonesia Tbk; Reliance Industries Limited.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Plant-based textile yarn market
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