Fleece Knitting Yarn market Size 2021 | Is Projected to Reach USD 1521.3 Mn With 8.3% CAGR by 2027

SAN JOSE, Calif. - April 12, 2021 - PRLog -- The global Fleece Knitting Yarn market generated revenue of around USD 835.2 million in 2020 and anticipated to grow at a CAGR of over 8.3 % during the forecast period from 2021 to 2027 to reach around USD 1521.3 million in 2027.

Fleece obtained from the sheep are processed to make fleece knitting yarns. Woolen processing and worsted processing utilize scouring, carding, gilling, combing, drafting, spinning and twisting for creating knitting yarns. Fleece Knitting Yarns have distinct permeability of water vapor and unique thermal insulation. These yarns are used for manufacturing winter clothes, blankets and other house hold products due to their comforting and thermal properties.

Key Trends in Global Fleece Knitting Yarn Market

Increasing use of wool in fast fashion and athleisure garments

The increasing emphasis on circular economy and reduction of petroleum-based fibers have created opportunity for wool in the fast fashion segment. Though wool is costlier than the petroleum-based fibers, renewability and being the natural fabric, it is finding more demand in fast fashion.  The higher quality of the yarns helps the wool based apparels to last longer. The elasticity of the woolen fibers helps apparels to extend up to 30% without causing damage. Wool has the capacity to absorb moisture, neutralizing odour and breathe.  These properties make fleece knitting yarn an ideal activewear, athleisure and outdoor clothing material.  It is recyclable and bio-degradable. The increasing importance of fitness is driving the demand for flexible athleisure garments.

Impact of COVID 19 on Global Fleece Knitting Yarn Market

COVID 19 had a significant impact on the revenue generation of Fleece Knitting Yarn market. Due to the COVID 19 pandemic, most of the governments have imposed stringent regulation regarding mobility of people, products and functioning of the industrial units. The lockdown has affected the production of fleece knitting yarn and the products based on it. COVID 19 has caused a decline of 20.2% in total revenue generated by the global Fleece Knitting Yarn market (https://www.credenceresearch.com/report/fleece-knitting-y...), when compared to that in 2019.

Global Fleece Knitting Yarn Market Competitive Landscape

Most prominent players in the global Fleece Knitting Yarn market include Artyarns, Blacker Yarns, Brown Sheep Company, Erdos Group, Hengyuanxiang, Karbel Group, Malabrigo, MEZ Crafts, Shibui Knits, and Snow Lotus Group. The report covers very detailed profiles of these key players.

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