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Wool Market Report 2023-2032: Growth Rate, Trends, Size And Forecast | Südwolle Group GmbH, Brown Sheep Company Inc., Indorama Ventures Public Company Limited, Europa Wools Ltd., Xinao Textiles Inc.
Wool Market
Wool Market Size, Growth Rate, And Forecast
The global wool market size is expected to grow from $37.06 billion in 2022 to $38.87 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wool market size is expected to reach $45.05 billion in 2027 at a CAGR of 3.8%.
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Wool Market Drivers
Growth in retail sales of clothes is expected to propel the growth of the wool market going forward. Cloth retail is the business of purchasing clothing from manufacturers and selling it to customers. Wool is a popular fabric used in the production of clothes. Customers purchasing wool clothing raises demand for the material, which might lead to an increase in wool production and sales.
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Wool Market Segments
• By Type: Fine Wool (= 25 µ), Medium Wool (25 to 35 µ), Coarse Wool (= 35 µ).
• By Source: Merino Wool, Peruvian Highland Wool, Teeswater Wool, Shetland Wool, Cashmere Wool, Other Sources.
• By Application: Apparels, Interior Textiles.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Wool market.
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Wool Market Key Players
Major competitors in the wool market include Südwolle Group GmbH, Brown Sheep Company Inc., Indorama Ventures Public Company Limited, Europa Wools Ltd., Xinao Textiles Inc., Laxtons Limited, Blue Sky Fibers Inc., Amtex Yarn Manufacturing Inc.
The Business Research Company's "Global Wool Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Wool Market Include:
1. Executive Summary
2. Wool Market Characteristics
3. Wool Market Trends And Strategies
4. Wool Market - Macro Economic Scenario
5. Wool Market Size And Growth
……
26. Africa Wool Market
27. Wool Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wool Market
29. Wool Market Future Outlook and Potential Analysis
30. Appendix
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