Press release
Wool Market Poised for 8.8 % Growth, Set to Hit $45.84 Billion by 2029
WoolMarket
The wool market is projected to grow, driven by an increase in retail sales of clothing. This sector involves buying apparel from manufacturers and offering it to customers, with wool being a common fabric choice. The purchase of woolen clothing by consumers escalates the demand for this raw material, potentially leading to an uptick in the production and sales of wool. In addition, the retail sale of woolen garments can heighten awareness and recognition of wool as a fabric, thus leading to a higher demand for wool-made items. The surge in urbanization has also enhanced the demand for retail clothing sales. For example, a statistical report released by the United States Census Bureau, a main agency of the US Federal Statistical System, revealed that retail sales for clothing and clothing accessories stood at $26.00 billion in June 2022, marking a 34.11% growth from January 2023. As a result of these factors, retail clothing sales are spurring the growth of the wool market.
Get Your Wool Market Report Here:
https://www.thebusinessresearchcompany.com/report/wool-global-market-report
What is the future CAGR of the wool market, and how will it impact industry expansion?
In recent times, a notable upswing has been observed in the wool market size. The market, which stood at $10.71 billion in 2024, is set to expand further to $11.61 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The surge experienced during the historic timeframe is largely credited to factors like the demand from the textile industry, evolving fashion trends, luxury apparel, warmth and insulation properties, its traditional and cultural importance, as well as the ongoing trend for natural and sustainable fibers.
In the forthcoming years, the wool market is predicted to experience notable expansion and is projected to reach $16.3 billion in 2029, with a compound annual growth rate (CAGR) of 8.8%. The anticipated growth during this period can be credited to an increased understanding of sustainable fashion, advancements in wool blends, trends in outdoor and activewear, worldwide economic development, cultural resurgence, and the advocacy of heritage. Foreseen trends for this period comprise the accentuation of circular economy practices in the wool sector, concentration on luxury and premium wool products, the integration of wool in sustainable domestic textiles, the implementation of technology in wool farming, and the launch of biodegradable and compostable wool items.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9518&type=smp
What are the most significant trends transforming the wool market today?
The emergence of product innovations has been identified as a key trend influencing the wool market. Major players in this market are concentrating on the creation of innovative solutions to bolster their standing. As an example, September 2024 saw the launch of the first wool garments fitted with next-gen QR codes by Filippa K, a womenswear brand based in Sweden. These QR codes offer traceability data directly from the sheep farm to the final product. This endeavor is an integral part of The Fiber Traceability Initiative, a joint project among Axfoundation, GS1 Sweden, and VirtualRouteZ, which is focused on the establishment of a transparent and sustainable wool value chain.
Which key market segments comprise the wool market and drive its revenue growth?
The wool market covered in this report is segmented -
1) By Type: Fine Wool (= 25 μ), Medium Wool (25 to 35 μ), Coarse Wool (= 35 μ)
2) By Source: Merino Wool, Peruvian Highland Wool, Teeswater Wool, Shetland Wool, Cashmere Wool, Other Sources
3) By Application: Apparels, Interior Textiles
Subsegments:
1) By Fine Wool (= 25 μ): Merino Wool, Superfine Wool, Cashmere
2) By Medium Wool (25 to 35 μ): Medium Merino Wool, Corriedale Wool, Dorset Wool
3) By Coarse Wool (= 35 μ): Crossbred Wool, Coarse Shetland Wool, Longwool Breeds
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9518
What regions are at the forefront of wool market expansion?
Asia-Pacific was the largest region in the wool market in 2024. Western Europe is expected to be the fastest-growing region in the global wool market report during the forecast period. The regions covered in the wool market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the wool market?
Major companies operating in the wool market include Indorama Ventures Public Company Limited, Loro Piana S.P.A., Xinao Textiles Inc., Marzotto Group, Südwolle Group GmbH, Merinotex, National Spinning Co Inc., Pendleton Woolen Mills, Icebreaker, Carolina Mills Inc., Botto Giuseppe SpA, Abraham Moon & Sons Ltd., James Johnston & Company of Elgin Limited, Todd & Duncan Ltd., Kentwool Co, Schoeller GmbH & CoKG, Bower Roebuck & Co Ltd., Jiangsu Unitex Co Ltd., Harris Tweed Hebrides, Amtex Yarn Manufacturing Inc., Brown Sheep Company Inc., Europa Wools Ltd., Tahki Stacy Charles Inc., Zegna Baruffa Lane Borgosesia S.p.A., The Woolmark Company, Laxtons Limited, Blue Sky Fibers Inc., Fox Brothers & Co Ltd., Zhangjiagang Shepherd Inc., Mallalieus Ltd., Filatura Di Grignasco Spa, FRATELLI PIACENZA S.P.A.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=9518&type=smp
What Is Covered In The Wool Global Market Report?
•Market Size Forecast: Examine the wool market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the wool market for a structured understanding.
•Key Players Overview: Analyze major players in the wool market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the wool market.
•Segment Contributions: Evaluate how different segments drive overall growth in the wool market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the wool market.
•Industry Challenges: Identify potential risks and obstacles affecting the wool market.
•Competitive Landscape: Review strategic developments in the wool market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wool Market Poised for 8.8 % Growth, Set to Hit $45.84 Billion by 2029 here
News-ID: 3913682 • Views: …
More Releases from The Business Research Company
Analysis of Key Market Segments Influencing the Extraterrestrial Legal Systems M …
Exploring the Future of Extraterrestrial Legal Systems
As humanity advances its presence beyond Earth, the need for specialized legal frameworks governing activities in outer space is becoming increasingly critical. The extraterrestrial legal systems market is set to expand rapidly, driven by the complexities of managing property rights, regulatory compliance, and dispute resolution in off-world environments. Let's delve into the anticipated market value, key players, significant trends, and the main segments shaping…
Emerging Growth Trends Driving Expansion in the Explosion Proof Cabins Market
The explosion proof cabins market is set to experience significant growth over the coming years, driven by increasing industrial safety demands and technological advancements. This market's evolution is shaped by emerging materials, innovative designs, and expanding applications, which all contribute to the rising adoption of explosion-resistant cabins in hazardous environments.
Forecast of the Explosion Proof Cabins Market Size by 2030
The explosion proof cabins market is projected to reach a value of…
Market Structure, Emerging Trends, and Key Player Analysis of the Electronic Pay …
The electronic payload fairing separation system market is poised for impressive expansion as innovations and technological advancements continue to reshape space launch operations. This report delves into the anticipated market size, key players, emerging trends, and segment classifications, offering a comprehensive overview of this specialized aerospace sector.
Projected Market Size and Growth Trajectory for Electronic Payload Fairing Separation Systems
The market for electronic payload fairing separation systems is forecasted to achieve substantial…
Leading Companies Fueling Growth and Innovation in the Dual Mode Microwave Seeke …
The dual mode microwave seeker market is positioned for significant expansion over the coming years, driven by a range of technological advancements and increasing defense requirements. This segment plays a crucial role in modern warfare and missile guidance, with innovation and integration shaping its future trajectory. Let's explore the current market size, key drivers, major players, and segmentation of this specialized industry.
Projected Market Growth for the Dual Mode Microwave Seeker…
More Releases for Wool
Rising Retail Sales Of Wool Clothing Is A Catalyst For The Expanding Wool Market …
The Wool Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Wool Market Size and Its Estimated Growth Rate?
Over the past few years, the wool industry has seen solid growth. The market size, which is projected to rise from $10.71 billion in…
U.S. Wool Market to Reach $555.6M by 2032, Driven by Demand for Merino Wool | Pe …
The U.S. wool market is projected to grow from US$ 419.4 million in 2025 to US$ 555.6 million by 2032, with a CAGR of 4.1%. Key drivers include the rising demand for high-quality wool in winter clothing, with Merino wool gaining traction due to its lightweight, soft, and high-performance qualities, especially in activewear. Brands like Patagonia and Smartwool are capitalizing on this trend. The market also benefits from growing interest…
Glass Wool and Rock Wool Market Insights, Forecast to 2029
The global Glass Wool and Rock Wool market is projected to grow from US$ million in 2023 to US$ million by 2029, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-18J13388/Global_Glass_Wool_and_Rock_Wool_Market_Insights_Forecast_to_2029
The US & Canada market for Glass Wool and Rock Wool is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during…
Building Thermal Insulation Material Sales Global Market For 2017: By Product Ty …
Researchmoz added Most up-to-date research on "Building Thermal Insulation Material Sales Global Market For 2017: By Product Type - Glass Wool, Stone Wool, PU Foam & Polyisocyanurate" to its huge collection of research reports.
This report studies sales (consumption) of Building Thermal Insulation Material in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each…
Global Slag Wool Market 2017 - Paroc, Hebei Huaneng Zhongtian, Changyi Jiayuan J …
Slag Wool market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability also lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
In this report, the global Slag Wool market is valued at USD XX million in 2016 and is expected to reach USD XX…
Pure Wool Sales Market 2017 by Manufacturers - Pure Collection, The Wool Company …
Global Pure Wool Industry is an in-depth report that offers a unique mix of specialist industry knowledge and the region-wise research expertise. The report delivers the market size and the trends for each sector.
Download Free Sample Report @ http://www.fiormarkets.com/report-detail/34477/request-sample
The report on Global Pure Wool market begins with an overview of the market. The report details the historical data of the Global Pure Wool market along with the current scenario. Then…
