Stratview Research has published a new report on the Fancy Yarn Market. According to the research, the market is set to witness steady growth during 2021-2026. Changing modern fashion trends is a key factor boosting the demand for clothing, which along with increasing spending power by consumers further augment the market growth in the coming years.
The report on the market is segmented by Product (Snarl Yarn, Gimp Yarn, Loop Yarn, Knop Yarn, Others), By Raw Material (Natural, Synthetic), By Application (Textile, Home Furnishing, Others) and Region.
This market research report provides thorough knowledge about the upcoming trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Fancy Yarn Market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Market Overview:
Fancy yarns are primarily used to enhance the aesthetic appearance of fabrics. Most of these yarns are manufactured by professional fancy spinners which is done using specifically designed or modern machines. The materials used for yarn making including silk, nylon, wool, etc.
The Fancy Yarn Market is estimated to grow from USD 4.5 billion in 2020 to USD 6.3 billion by 2026 at a healthy CAGR of 5.8% during the forecast period.
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https://www.stratviewresearch.com/Request-Sample/2008/Fancy-Yarn-Market.html#form
What do we aim to solve with this report?
By delivering concise and pertinent industry information & outlook, we aim to assist the stakeholders in navigating through the decision-making terrain.
The report primarily aims at:
– Helping the user recognize innovative trends surrounding the Fancy Yarn Market.
– Finding out factors that assist the user in making practical business decisions.
– Highlighting the positive & negative influencers of the Fancy Yarn Market.
– Forecasting the sales, CAGR, and the dominant segments & sub-segments of the market.
– Analysing the key players/competitors in the market.
Key players:
Key players operating in the global Fancy Yarn Market are-
Filpucci Spa (Italy),
Filati G.B. Srl (Italy),
Ipeks Tekstil (Turkey),
Jiangyin Huayi Yarn Co., ltd (China),
Laxtons Limited (UK),
Siyaram’s Silk Mills Limited (India),
Sutlej Textiles and Industries Limited (India),
Kongkiat Textile Co ltd (Thailand),
Winning Textile Co Ltd. (Hong Kong), and
Softech Controls Pvt. Ltd. (India).
COVID-19 Impact on Fancy Yarn Market:
The COVID-19 outbreak has moderately affected the fancy yarn industry. Due to stringent lockdown and social distance norms, there is limited movement of people resulting in work from home policies with people stuck at home. Thus, there was relatively less shopping for fancy clothes requiring fancy yarn, thus affected the product demand. In addition, a limited workforce and temporary shutdown further affected its production.
TOC OF THE REPORT CLICK HERE:
https://www.stratviewresearch.com/2008/Fancy-Yarn-Market.html
Critical Questions Answered in the Report
What are the key trends in the Fancy Yarn Market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
What is the impact of COVID-19 on the Fancy Yarn Market?
What are the key strategies adopted by the major vendors to lead in the global Fancy Yarn Market?
What is the market share of top vendors?
Custom Research:
Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team at: +1-313-307-4176.
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