Rising Retail Sales Of Wool Clothing Is A Catalyst For The Expanding Wool Market: Powering Innovation and Expansion in the Wool Market by 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Wool Market Size Growth Forecast: What to Expect by 2025?
The wool industry has experienced significant expansion in the past few years. The market which was worth $10.71 billion in 2024 is projected to rise to $11.61 billion in 2025, translating to a compound annual growth rate (CAGR) of 8.4%. The surge during the historic phase was linked to factors such as the demand from the textile sector, evolving fashion trends, and luxury clothing demand, as well as the warmth and insulation characteristics of wool, its traditional and cultural importance, and its status as a natural and sustainable fiber.

How Will the Wool Market Size Evolve and Grow by 2029?
It is anticipated that the wool market will experience considerable expansion in the coming years, reaching a value of $16.3 billion in 2029 with an 8.8% compound annual growth rate (CAGR). The projected expansion during this period is due to increased awareness in sustainable fashion, innovations in the manufacturing of wool blends, the prevalence of outdoor and active wear styles, global economic expansion, and efforts toward cultural rejuvenation and heritage conservation. Key trends for the forecast period encompass the prioritization of circular economy methods within the wool industry, emphasis on luxury and upscale wool products, incorporation of wool in eco-friendly home textiles, technological advancements in wool farming, and the emergence of wool products that are both biodegradable and compostable.

View the full report here:
https://www.thebusinessresearchcompany.com/report/wool-global-market-report

What Drivers Are Propelling the Growth of Wool Market Forward?
The wool market's expansion is anticipated to be fueled by the projected increase in retail clothing sales. The garment retail sector involves procuring attire from manufacturers for sale to consumers. Wool, a commonly used fabric in clothing production, sees increased demand with the purchase of woolen apparel, potentially spurring wool production and sale volumes. Moreover, the retail sales of woolen attire can enhance the public's awareness and visibility of wool as a textile, consequently raising its demand. Also, urbanization has amplified the need for retail clothing sales. For example, a statistical report released by the United States Census Bureau, a key US Federal Statistical System entity, noted in January 2023 that clothing and clothing accessory retail sales hit $26.00 billion in June 2022, marking a 34.11% growth. Consequently, the upswing in retail clothing sales is propelling the wool market's expansion.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9518&type=smp

Which Emerging Trends Are Transforming the Wool Market in 2025?
Innovation in product development is a salient trend gaining traction in the wool market. Prominent corporations in the wool market are prioritizing the creation of novel solutions to consolidate their market prominence. An example of this is in September 2024, when Filippa K, a womenswear firm based in Sweden, introduced the first wool clothing items embedded with advanced QR codes. These QR codes provide traceability data, tracking the journey from sheep farm to finished product. This endeavor is under the umbrella of The Fiber Traceability Initiative, a cooperative effort including Axfoundation, GS1 Sweden, and VirtualRouteZ, with the goal of constructing a sustainable and transparent wool supply chain.

What Are the Key Segments in the Wool Market?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9518&type=smp

Who Are the Key Players Shaping the Wool Market's Competitive Landscape?
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.

What Geographic Markets Are Powering Growth in the Wool Market?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9518

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

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 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 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.