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

• 

   Request a Free Sample To Get More Information on this Market

KNITTING YARN MARKET OVERVIEW

The global knitting yarn market size stood at USD 4.7 billion in 2024 and is projected to reach USD 4.91 billion in 2025, growing further to USD 7.11 billion by 2033 at an estimated CAGR of 4.5%.

The knitting yarn market is one such segment in the global textile industry expected to grow due to the increasing popularity of knitting and crochet works. Knitting yarns, depending on their availability, can mainly be divided into the following: wool, cotton, acrylic, and blends, with each having its unique texture, durability, and applications in making garments, accessories, and home pieces. The demand for high-quality yarn just continues to increase with growing fashion and DIY projects using handmade products. This goes along with the innovations in colors, textures, and eco-friendly yarn types, which also define market growth.

COVID-19 IMPACT

"The knitting yarn market experienced growth due to COVID-19-driven DIY"

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

The knitting yarn market has exceptionally flourished as a consequence of the COVID-19 pandemic, encouraging more individuals to try knitting and crocheting as coping mechanisms for isolation and stress. Lockdowns and limited outdoor activities encouraged DIY crafts, which have caused a phenomenal rise in the demand for knitting yarns. All home-based hobby pursuits saw an increase in the sale of yarn used in clothing, accessories, and blankets. Investments were made up further by online shopping, during which most consumers would flock to stores and expect to have several types of yarn in stock for their craftwork.

LATEST TREND

"Market growth in eco-friendly yarns, plant-based options, and textures"

What new trends about wool Knitting Yarn Market Shape say most recently have now brought to a crescendo more search for eco-friendly and sustainable yarns. Most of such consumers now preferred organic cotton, bamboo, and recycled fibers, among others. One of the hot current trends is the increasing popularity of plant-based yarns, which for more and more crafters are alternatives to wool and synthetic fibers. Other requirements are that the yarns must be unique in texture or color, and they should be pretty green also for that specific usage in creative purposes of knitting themselves. On the top of all this, ever so gorgeous color palettes and multi-textured yarns keep catching the attention of knitters as they try to explore novel styles and designs.

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 are thick as well as tough; hence, they are best suited to make rugs, coats, and blankets. Would feel somewhat rough to use, but nevertheless, coarse wool yarns have excellent warmth and insulation. Coarse wools come from sheep breeds such as Icelandic or Cheviot. The popularity of these yarns increased because they could now be used for functional as well as decorative items.

• Medium Wools: Medium wools are neither that soft nor that strong. They fall in the middle and are handy for different knitting projects—from sweaters to scarves. They're generally Merino or Romney in their bloodline. The most fascinating part of medium wools is that they're known for being pretty darn elastic and shape-holding as well as exceptionally comfortable. There is, however, a certain growing trend with medium wools because they can be used quite well for everyday garments or in their newer form as more fashionable accessories.

• Fine Wools: They are the most delicate ones in terms of softness and luxurious feel. Fine wool will be fabric for the haute couture kind of fashions, such as their fine-knit sweaters and shawls. It is produced mainly from sheep like Merino that have very fine, extremely smooth fibers. Because fine wools are lightweight, breathable, and are superior insulators, they are very well fit for wearing in winter as well as in transitional seasons. The increasing trend for high-end, sustainable yarns has given further impetus to the market for fine wools.

By Application

Based on application, the global market can be categorized into Apparel and Blanket

• Apparel: This becomes one of these knitting yarn markets to close up areas that have been growing and are attributed to an increase in the numbers of knitters and crafters using yarn to make numerous types of clothing, such as sweaters, cardigans, and socks. The rise and increasing demand are for high-quality yarns, particularly those that are soft and tough, with consumers demanding comfort and style in their hand-knitted garments. Popular in apparel are fine and medium-weight yarns, a measure of the warmth, flexibility, and wearability they provide. It will be said that the most important reason for this supplement in yarn demand for apparel is the increase in DIY fashion and its popular trend in sustainable clothing. Nowadays, knitting yarn plays a very important part in the modern fashion industry with its ever-increasing importance for special, personal, and custom-made pieces.

• Blanket: The warmth of handmade, cozy blanket items is much sought after, and thereby a huge segment of the knitting yarn market is into the production of blankets. Thick, soft, and warm yarns like wool, acrylic, and blends mostly used for making blankets provide a cozy coverage against the cold. The popularity of such items has increased during the winter season when consumers can acquire personalized coverings for their homes. As a result of the trend toward DIY home decor and eco-friendly products, the rise in sustenance and organic yarns for blanket making has also become pronounced. Knitted, custom-made blankets have become a popular gift, propelling the market segment into greater heights.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

"Increased Demand for DIY Crafts"

The expansion of interest towards DIY crafts and handmade products has been a major booster of the knitting yarn market. More and more people are turning to knitting and crochet as hobbies owing to their gratification in creativity and relaxation. Knitting mania has skyrocketed through the avenue of social media, where various knitting tutorials and finished product communities exist for others to learn and engage in such practices. The demand, therefore, rises for various types of knitting yarns, especially those appropriate for making clothing, accessories, and home décor. Improved access to a growing number of online stores has made yarn easily accessible.

"Sustainable and Greener Choices"

Massive shifts toward sustainability and environmental conscientiousness are accelerating the demand for knitting yarns that are environmentally friendly. More and more consumers opt for organic, recycled, and plant-based fibers like bamboo, hemp, or even recycled wool. Environmental awareness is ignited by the idea of waste reduction, a smaller carbon footprint, and a more sustainable way of life in the textile industry. Yarn manufacturers are adjusting to this change and are currently offering a variety of eco-friendly options on the market, which attract both hobbyists and professional crafters alike. Not only does this trend support sustainability, but it also harbors potential for innovation that could arise from such opportunities in yarn production.

Restraining Factor

"High cost of premium yarns limits market growth, especially regionally"

The Knitting Yarn Market Growth is majorly hit with restraining factors, high among which is the high cost of premium knitting yarns, especially those that come from natural fiber such as wool, alpaca, and cashmere. Such types of yarn are expensive in most cases because the production costs incurred incorporate sources and processes plus the practice of ethical farming. Hence, they get a little priced in the price-sensitive sectors as well as in novices in knitting. Price differences between premium and synthetic types might limit the market growth, especially in those regions having low disposable income as well. This factor might also limit the availability of sustainable yarns for many of the consumers.

Opportunity

"Market growth is driven by e-commerce, online communities, and digitalization"

Growth in the knitting yarn market is through the expansion of online platforms and e-commerce. Knitting yarn is available through these digital channels as the public embraces online shopping. E-commerce platforms provide an opportunity for yarn brands to go global with diverse varieties of yarn, including specialty and green options. Social media and online knitting communities have also nurtured consumer interaction and knowledge sharing, driving up demand. The shift towards digitalization has the potential to make hitherto underserved niche markets available to established and new brands alike. Therein lies the potential for tremendous growth.

Challenge

"Volatility in raw material prices challenges knitting yarn market growth"

One of the major challenges faced by the knitting yarn market is volatility in raw material prices, especially natural fibers such as wool and cotton. Price changes are due to reasons like bad weather conditions, disruption to supply chains, etc., and changes in global demand. Hence, yarn manufacturers face challenges with not having consistent prices, which may have a negative effect on profit margins and a company's pricing strategy. The turbulence may also discourage one from purchasing high-quality, natural yarns and turn to cheaper, inferior alternatives. Manufacturers ought to handle all the challenges properly in order to maintain an uninterrupted supply and competitive prices.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

KNITTING YARN MARKET REGIONAL INSIGHTS

• North America

"The North America knitting yarn market grows due to premium, sustainable demand"

The North American knitting yarn market has its strong roots because consumers fill it, knitting culture is considered stronger, and the DIY crafting interest is rising. The region also boasts well-enabled retail networks and a strong online presence, providing access to a huge variety of yarn options. Of these countries, North America is hugely influenced in knitting yarn market growth through the United States Knitting Yarn Market, as it accounts for a large part of the industry and involves consumers who seek more premium, high-quality, and eco-friendly yarns as demand increases. Further, the emerging trend of sustainability towards handmade fashion in the country is adding its stream into a growing market. Also, the considerable part of having a crafter community with many platforms online is a great boost towards a growing market as well.

• Europe

"Europe's knitting yarn market growth is driven by sustainability and innovation"

Europe has a key Knitting Yarn Market Share, based largely on customer tradition in knitting and textile craftsmanship. Their hunger for high-quality, eco-friendly yarns has grown as consumers have shifted to more sustainable alternatives, like organic cotton and wool. The United Kingdom, Germany, and Italy have big knitting communities, with intense activity in DIY fashion and home decor. Besides that, Europe's healthy yarn manufacturing sector can provide consumers with different products for their different needs. While the European market continues to encourage and define itself through sustainability and innovation, it is also a decisive factor for its growth and power.

• Asia

"Asia's knitting yarn market grows with production, consumption, and demand"

Asia adds a great value contribution to the knitting yarn market through production and consumption. The countries that mainly produce yarn India and China now house a stockpile of diverse cheap products for both the domestic and international markets. Over the years, an increased level of consumption of knitted yarn has been attained because of the growing popularity of knitting and crochet as a pastime in parts of Asia, such as Japan, South Korea, and India. Also, e-commerce and other online communities engaged in an interest in crafts have extended the reach of these yarn manufacturers in Asia to forge improved demand in the market. An emerging middle class in the region and an interest in sustainable products will continue driving the demand for varied yet high-quality yarns.

KEY INDUSTRY PLAYERS

"Key industry players drive market growth through innovation, sustainability, and partnerships"

The key industry players are significantly affecting the knitting yarn market in terms of creating and innovating offerings while influencing consumer choices. Major yarn manufacturers are making efforts to develop high-quality, sustainable, and eco-friendly yarns that meet the ever-increasing demand for environment-friendly products. These companies also spend a portion of their budget on advanced production technologies to improve yarn texture, durability, and color variety. In addition, these companies are also seen engaging in marketing and collaboration activities with crafting influences for increasing visibility over the online platforms as well as partnerships with retail outlets. By providing a wide range of products, including luxury, affordable, and even specialized yarns, it increased the size of the cake and the international reach of the market.

List of Top Knitting Yarn Companies

• Hengyuanxiang (CHINA)
• MEZ Crafts (GERMANY)
• Karbel Group (TURKEY)
• Erdos Group (CHINA)
• Artyarns (U.S)

KEY INDUSTRY DEVELOPMENTS

June 2022:A recent industrial development in the knitting yarn market occurred when Huvis, a South Korean company, entered into a business agreement with Jakomo in June 2022 to promote the use of eco-friendly products. This collaboration allowed Huvis to provide non-toxic, substance-free staple fiber products, aligning with the growing demand for sustainable yarn solutions. This initiative is an example of how companies are increasingly focusing on environmentally friendly practices to meet consumer preferences for eco-conscious products in the knitting yarn industry.

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.