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Global sewing thread market growing at three per cent

The global sewing thread market is expected to grow at a CAGR of 3.6 per cent between 2019 and 2025. Apparel and footwear industries are driving the thread market. More and more consumers are buying garments at lower prices in both developed and developing economies, which is also propelling the global sewing thread industry. The significantly high production of affordable apparel globally is anticipated to further fuel the sewing thread market in future.

The global sewing thread market is segmented into natural and synthetic. The natural segment is sub-segmented into cotton, silk, wool etc. The synthetic segment includes rayon, polyester, nylon etc. In terms of revenue, the synthetic segment dominated the market in 2018 due to its advantages such as superior resistance to chemicals, tenacity, and higher abrasion resistance. In terms of application, the market is segmented into apparel, footwear, bedding and mattress, luggage and bags, and others. The apparel segment dominated the sewing thread market in 2018 in terms of revenue, due to the growing apparel and garment industry globally.

The European apparel industry is anticipated to show significant growth in future owing to constantly changing fashion trends and the popularity of sports and athletic footwear across the region.