Fancy Yarn Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis

The fancy yarn market was estimated at USD 5.1 billion in 2023 and is likely to grow at a CAGR of 5.70% during 2023-2028 to reach USD 6.73 billion in 2028.

Market Drivers:
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.
Growing demand for end-products such as scarves, curtains, party wear, and knitwear in developed and emerging countries further spurs the product demand.
However, the cost of fancy yarn ad fabric is relatively high and the production speed is relatively slower to produce normal plain commodity yarn, thus hinders the industry growth.