Wool Market 2020 Analysis by Global Manufacturers – Pendleton Woolen Mills, Urbanara, Faribault Woolen Mill Co., New Zealand Wool Blankets Ltd, Barker Textiles

The global wool market is projected to grow at a CAGR of 4.6% for the forecast period(2020-2025).

The Wool Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

Globally traded commodity, and its market diversity is vast and ever-evolving. Apparel and fashion, athletic/sports and leisurewear, flooring, upholstery, and other interior textiles, the automotive and aviation industries. According to the International Wool Textile Organisation, a single sheep provides, in general, about 4.5 kg of wool per year, or the equivalent of more than 10 meters of fabric. With the technological advancement in the wool manufacturing industry, there is a rapid development of spinning and weaving tools leading to increased sales of clothing across the globe. Growth opportunity mainly lies with millennial consumers whose purchasing behavior, such as the preference for quality, authenticity, and transparency, is driving the market for wool. Various measures undertaken by the IWTO, a regulating authority for wool quality and traceability is fetching a higher price for the wool, thus encouraging the production.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Wool Market: Pendleton Woolen Mills, Urbanara, Faribault Woolen Mill Co., New Zealand Wool Blankets Ltd, Barker Textiles, SIA Klippan Saule, UAB Silkeborg

PORTLAND, Ore., Jan. 16, 2020 -- Pendleton Woolen Mills, the lifestyle brand with roots as a Pacific Northwest woolen manufacturer since 1863, announced that as of January 1, 2020, it has successfully re-acquired its outerwear license from Item House Inc. and has retained the team that has helped elevate Pendleton's outerwear line. This transaction is the culmination of a long and successful partnership for two Pacific Northwest companies. Pendleton is focused on leveraging the technical fabric and outerwear expertise of Item House to expand on Pendleton's history of innovation in fabric and apparel suited for the outdoors.

Item House has been a licensee of Pendleton's since 1999. The core Item House team will remain in Tacoma, Washington as a Pendleton Woolen Mills satellite office.

February 8, 2020: Faribault Woolen Mill gets new CEO, infusion of cash

Nine years after being brought back to life, the Faribault Woolen Mill Co. has a fresh infusion of cash and a new leadership team that pledges to bring more sales and perhaps a bit more flair to the 155-year-old company. Former Allen Edmonds turnaround chief Paul Grangaard is leading a new ownership group that plans to add more apparel and accessories to Faribault, which is one of two woolen manufacturers in America. Grangaard will join forces with Paul Mooty, who reopened the mill in 2011 and, with his family, has worked to shore up the decrepit factory and relaunch the label known for its signature wool blankets and throws. The name has been tweaked to add a tagline: Faribault Woolen Mill Co. — Since 1865.

Key Market Trends

Institutional Initiatives Ensuring the Quality is Driving the Production
According to the International Wool Textile Organisation (IWTO), in 2018, around 1.155 million kg of clean raw wool is produced by more than 1.177 billion sheep around the world, and this number rose by 2 million from 2017. The wool supply chain is long, with many stops en route from farm to fashion. To ensure transparency and to facilitate the flow of information about wool to assure buyers of the wool qualities being purchased, IWTO members have developed many traceability systems.

One such system is the National Wool Declaration Integrity Program. The National Wool Declaration is an industry initiative, recognized globally, for its transparency and traceability from the farm. The NWD Integrity Program (NWD-IP) is an extensive program of Desktop Audits and On-Farm Inspections with a single purpose: to build wool pipeline and consumer confidence in Australian wool. With all these initiatives put forth by the regulating authority, wool is fetching a higher price because sheep rearing for wool is also increasing. In 2018, China and Austalia shared a higher percentage of sheep under rearing, with 14% and 6% respectively, according to the IWTO.

Asia-Pacific Dominates the Market

Wool is a commodity traded globally, and its diversity in the market is vast and ever-evolving. With most of the wool sold with an IWTO Test Certificate, the buyer's confidence for quality is guaranteed. With the trend towards eco-friendly, sustainable, and biodegradable parameters in the apparel industry, demand for wool is growing worldwide as it provides comfort to the skin. Thus, the market is driven explicitly by Millennials and Y Generation. According to IWTO, in 2018, Australia, China, and New Zealand are the leading producer with a share of 23.4%, 15.5%, and 9.1%, respectively, of the total world production. According to ITC Trade, in 2019, China accounted for the highest export worth of USD 765,961 thousand, with a quantity of 44,763 metric tons sharing 38.9% of the total export.

Influence Of The Wool Market Report:

-Comprehensive assessment of all opportunities and risk in the Wool market.
- Wool market recent innovations and major events.
-A detailed study of business strategies for growth of the Wool market-leading players.
-Conclusive study about the growth plot of Wool market for forthcoming years.
-In-depth understanding of Wool market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Wool market.

The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/07202152546/wool-market-growth-trends-and-forecast-2020-2025?source=OpenPr&Mode=12

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The Wool Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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