Knitting Yarn Market Size, Share, Growth, and Industry Analysis, By Type (Coarse Wools, Medium Wools and Fine Wools), By Application (Clothing, Blanket and Others) and Regional Forecast to 2033

KNITTING YARN MARKET REPORT OVERVIEW

Knitting Yarn Market Size was estimated at USD 1265.13 million in 2024 and it is expected to grow from USD 1273.11 million in 2025 to USD 1289.19 million by 2033. The Market CAGR (growth rate) is expected to be around 0.63% during the forecast period (2025 - 2033).

Knitting yarn is significant in developing fabric through the use of loops, needles and the connection of both. It is available in different materials and each material differs from the other in characteristics. Wool is a natural fibre that provides warmth and elasticity for stretch fabrics for body con dresses and so on whilst cotton provides durability and is great for summer clothing and home textiles. Linen gives durability to the fabric but it may be somewhat rigid while silk as we all know gives a rich and smooth texture to the fabric. Acrylic, polyester and nylon fabrics are some of the manmade fibers due to their being cheap to manufacture and use extensively. While acrylic is the most common fibre, polyester is known to have lesser shrinkage and stretching properties, and nylon is added to the fabric to provide it with more strength and flexibility.

The knitting yarn falls under various classifications based on its weight, which further decides the thickness of the fabric with stitches per inch. Although it may range from lace or super-fine weight to bulky weight, the thin fabrics are made from lace weight and the thick ones are from superfine or bulky weight. The number of plies strands twisted also determines the yarn characteristics because the degree of twist controls yarn characteristics. While single-ply yarns are a bit softer, they are not as strong, the more plies there are in yarn, such as 2-ply or 3-ply, the stronger it will be with much smoother stitching and sharper stitch definition. The weight and ply relate to how thick the yarn is and how many strands of the yarn are twisted together are very important factors in choosing yarns for your knits and ensuring the correct texture, look and strength in what people work on.

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COVID-19 Impact: Pandemic caused disruptions in manufacturing and logistics which restrained the market

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Due to the disruptions in manufacturing and supply chains, supplies were very much affected by the pandemic and hence the knitwear industry. As a yarn trading town majorly shut down because of the virus, yarns and other necessities could not be distributed. This disruption resulted in a slow production process and high company costs since supply chains had to be disrupted. Raw materials became hard to obtain for factories hence retarding the overall production and supply of knitwear in the international market. These disruptions had ripple effects that led to increased lead times and higher prices for finished products within the market.

LATEST TRENDS

"Consumer shift towards natural and sustainable fibers to foster the market"

The knitting yarn market is experiencing a constant shift with the focus on organic and non-synthetic products due to the global quest for sustainability and fair trade. This trend implies the tendency to use organic products and many knitters prefer to use organic materials when choosing yarns, such as wool, cotton, linen and silk, which are high quality and environmentally friendly. However, the market is showing the new opportunities that are opened with the launch of yarns based on other natural and recycled fibers such as bamboo and hemp, and also recycled materials as produced from an ecological point of view. These sustainable yarns are progressing with the scope of innovating new opportunities for fabricating fashionable, ethical clothes, which will be more significant to a specific community of consumers. It also indicates that this shift will probably influence the knitting yarn business in the future.

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KNITTING YARN MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Coarse Wools, Medium Wools and Fine Wools.

• Coarse Wools: Coarse wools, sourced from sheep breeds such as Romney and Corriedale, are valued for their durability and strength, making them ideal for robust fabrics used in outerwear, heavy blankets, carpets and upholstery. Their thicker strands offer excellent insulation, perfect for cold-weather garments. As demand grows for durable and functional textile applications, the market will grow similarly.

• Medium Wools: These medium wools are derived from Merino sheep and provide a well-balanced softness and durability, making them suitable for use in sweaters and scarves. They have exceptional elasticity and warmth, from fashion to functional garments. This segment has been witnessing huge demand due to the rise in demand for comfortable yet fashionable clothing. As consumers would majorly opt for high-quality and soft fabrics, that’s why the growth in this segment is bound to be huge.

• Fine Wools: Fine wools derived from Merino and Cashmere sheep are highly valued for their fineness, lightness of weight and warmth without bulk, hence, making them ideal for luxury garments such as fine sweaters and shawls. Developing interest in soft, high-end textiles drives the fine wool market. More and more producers work on sustainable and ethical methods to better accord with the consumer trend towards ""green"" products.

By Application

Based on application the global market can be categorized into Clothing, Blanket and Others.

• Clothing: The clothing segment leads the knitting yarn market, driven by demand for stylish and functional garments. Yarns run from lightweight cotton to luxurious wool right for different styles and seasons. Of late, interest in DIY fashion has been gaining much attention due to the interest displayed by young consumers. More interest is thus shown in knitting apparel. Sustainability has become more critical now and interest is therefore demonstrated in innovative yarns with unusual textures and eco-friendly options.

• Blanket: The handmade, cosy home textiles are the stuff of this segment's growth. Knitting yarns used for blankets focus on warmth and softness, fleece and wool always come to the top of the list. There is a comfort factor and a touch of personalization associated with knitted blankets that are expected to be highly in demand during colder months.

• Others: The ""Others"" category covers a range of applications, including accessories, toys and decorative items. Yarns here are selected for attributes such as durability for toys or visual appeal for decorations. The rising interest in crafting has expanded this market, fostering creativity. Innovative yarns blending functionality with aesthetics are increasingly popular and as crafting communities grow, demand for unique and versatile yarns continues to rise.

DRIVING FACTORS

"Increasing interest in crafting by consumers as a measure of expanding the market"

The increasing trend in crafting activities has significantly contributed to the global knitting yarn market growth. There are a lot of people who have picked knitting as a pastime activity that helps them to be free from stress and makes them refreshing, as a result, there has been a boost in the consumption of yarns. This trend is further complemented by the availability of knitting tutorials and resources that help beginners to learn and practice knitting. With the constant increase in the popularity of crafting, the need for various types of knitting yarns is also anticipated to grow. This increases the market not only in size but also with new ideas and directions for yarn products and designing of yarn products thus leading to better and more category five markets. This is mainly because consumer interest and available learning resources have attached anticipation and evolvement towards the market.

"Increasing use of social media platforms to extend the market"

The availability of various social media platforms has helped drive the knitting yarn market forward by creating thriving knitting communities where people can share works in progress or completed projects, ideas and inspiration. The multiple platforms create friendly communities where new crafters can come and try knitting and apply various tricks and fabric types. Social media helps in promoting knitting projects and this will encourage others to learn knitting and using yarns which creates demand for different yarns. Also, social media is equally effective in marketing new yarn products and trends as well as creating awareness of new yarn in the market among others. The mutual correlation between social media usage and the development of the market thus continues to drive the steady growth of the knitting yarn business.

RESTRAINING FACTORS

"Problem of shifting consumption patterns is a major threat to the market"

The fluctuating trends among consumers are a key factor that affects the knitting yarn market due to the flexibility of trends. Since consumers’ preferences are always changing, they require producers to come up with new products frequently that are in line with the changing fashion trends and this can be quite a complex and expensive process. Market coverage should always be up to date thus constant market investigation and changes in yarn collections can cause budget tensions and profitability issues. Besides, consumer tastes fluctuate over time, which is detrimental for the company as yarns that have been produced and kept in stock are probably to lose consumer appeal in the following months and years. In this regard, it requires that clothing manufacturers be strategically innovative to cater for its changes while at the same time leveraging their flexibility to invest in yarns that may not appeal to customer’s changing demands.

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KNITTING YARN MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America dominate the market due to the demand of high technology yarns"

North America dominates the global knitting yarn market share where a continually increasing demand for new innovative yarn products is dominated by technology. Consumers in this region demand yarns with better performance aspects such as better strength, better handle and specific end uses such as therapeutic effects e.g. moisture management or use of natural fibers. Technological advancements help create new yarn blends and production methods that meet changing market standards. This demand for innovation is seen in the observed enlargement in the range of yarns that meet the requirements of being fashionable at the same time. Further, a faster evolution in the manufacturing techniques and fiber makes yarn available of high quality and varied types that, in turn, boost the market and fulfil the expectations of the customer who is more conscious about fashion.

KEY INDUSTRY PLAYERS

"Key industry players are engaging in strategic collaborations to develop advanced technologies for wider market opportunities"

Key industry players in the knitting yarn industry are involving themselves in strategic collaborations to enhance growth and development in the production department. These collaborations are aimed at improving the efficiency, quality and sustainability of yarn production through the creation of innovative technologies. Industry players who have developed a close relationship with the end-using industries including the apparel and home textile industries, make it easy for them to notice certain market niches and consumer tendencies. This creates a possibility of developing yarn solutions that are focused on the particular application needs and, therefore, the products remain characteristic and adequate to the competition. Furthermore, such alliances promote the exchange of information and assets, or in other words, technology updates, meaning that organisations can work and improve their performance up to the mark with the technologically enabled trends. With the focus on their innovative products to meet the market needs, these partnerships are especially important in keeping up with the constantly changing market.

List of Market Players Profiled

• Artyarns (U.S.)
• Brown Sheep (U.S.)
• Shibui Knits (U.S.)
• Malabrigo (Uruguay and Peru)
• Blacker Yarns (U.K.)
• MEZ Crafts (Germany)
• Karbel Group (Turkey)
• Erdos Group (China)
• Snow Lotus Group (China)
• Hengyuanxiang (China)

INDUSTRIAL DEVELOPMENT

August 2024: A prototype 3D knitting machine developed at Carnegie Mellon University transforms traditional textile fabrication into ""solid knitting,"" creating dense, layered knit objects such as furniture. This innovative machine weaves in three dimensions, potentially revolutionizing on-demand manufacturing. The concept could enable decentralized furniture making, where items are created, disassembled, and reassembled using minimal yarn, promoting sustainability and efficiency.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.