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Asia-Pacific leads in global textile yarn market: Report

The Asia-Pacific region is the leader in the international textile yarn market followed by North America with polyester and cotton being the widely used textile yarn products, notes a report, which sees changing consumption pattern, rising population, disposable income and the rise in demand for clothing and home furnishing products in the Asia-Pacific as the major growth factors.

Increasing investment from big brand manufacturers in the US and Canada is expected to propel growth of the North American market, however, the markets in Latin America and the Middle East are expanding exponentially following the developing apparel industry and high levels of product development, says a report by US-based Zion Market Research. Rapid urbanisation and shift in consumer preference towards affordable and comfortable clothing have enhanced the demand for high-value fabrics such as viscose, silk, and hemp.

Blended varieties of fibres are seeing extensive growth due largely to important features of artificial and natural yarn thus opening up new growth opportunities for the industry. Experts say instability in production of plant and animal source yarn and the strict regulation imposed on the trade of textile yarn products are hindrances.

 
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