The global textile yarn market is weaving a strong growth story, projected to increase from USD 14.4 billion in 2023 to USD 18.5 billion by 2028, growing at a CAGR of 5.1 percent. As consumer expectations evolve and industries demand more from materials, textile yarns are undergoing a transformation—blending sustainability with performance.
Rising Demand from a Growing Middle Class
One of the strongest growth catalysts is the expanding middle class in emerging economies. As more individuals move into higher income brackets, the appetite for affordable, fashionable clothing rises. This is directly boosting the consumption of textile yarns, particularly in high-volume apparel manufacturing markets.
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Innovation at the Core: Smart and Sustainable Yarns
Yarn isn’t what it used to be. Technological advancements have ushered in a new generation of yarns with enhanced properties—including moisture-wicking, antimicrobial, and eco-friendly features. These innovations are fueling demand for technical textiles in industries such as:
- Apparel and activewear
- Healthcare and hygiene
- Automotive interiors
- Aerospace components
Spotlight on Plant-Based Yarns: Sustainability Takes Center Stage
The plant-based yarn segment is set to grow at the fastest rate during the forecast period. This surge is driven by the global push toward sustainability and eco-conscious consumption. Natural yarns made from cotton, hemp, bamboo, and linen are:
- Biodegradable and renewable
- Lower in carbon footprint
- Gaining favor with environmentally aware consumers
As the fashion and textile industries pivot toward circularity and transparency, plant-based yarns are becoming mainstream.
Polyester Remains a Market Powerhouse
While natural yarns are making headlines, polyester yarn, a key player in the artificial yarn category, continues to dominate the market in 2023. Its popularity is rooted in:
- Exceptional durability and strength
- Resistance to wear, wrinkles, and stretching
- Cost-efficiency, especially for large-scale production
Polyester’s versatile performance and affordability make it a preferred choice across home textiles, fashion, and industrial applications.
Turkey: Europe’s Textile Yarn Powerhouse
In 2023, Turkey is expected to hold the largest textile yarn market share in the textile yarn space. The country boasts:
- A highly skilled workforce
- Modern infrastructure and advanced technologies
- Cost-effective production capabilities
Turkey’s strategic position and reputation for quality are positioning it as a leading supplier for Europe and beyond.
Leading Players Driving the Yarn Revolution
Several major global textile yarn players are shaping the market landscape, including:
- Celanese Corporation (US)
- Asahi Kasei Corporation (Japan)
- Toray Industries, Inc. (Japan)
- Indorama Ventures (Thailand)
- Vardhman Textiles Limited (India)
- Weiqiao Textile (China)
- Raymond and Grasim (India)
- Kipas Holding (Turkey)
These companies are innovating across the value chain—from raw material sourcing to yarn engineering—to meet the evolving needs of industries and consumers alike.