The global cotton yarn market size, which was estimated at US $ 54.78 billion in 2020, is expected to grow at a CAGR of 7.02 per cent reaching US $ 82.33 billion by 2026.
The cotton yarn market research report ‘Global Forecast to 2026 – Cumulative Impact of COVID-19’ by Research And Markets says that rapid urbanisation and demand for infrastructure coupled with urban construction, rising application in downstream industries and consumer awareness on the texture and applicability of pure cotton yarn are the drivers of the market dynamics,while the availability of synthetic fibres is restrained in this regard.
Vardhman Textiles Ltd., Grasim Industries Ltd., Ambika Cotton Mills, Damodar Group, KPR Mill Limited, Maharaja Shree Umaid Mills Limited, Nahar Spinning Mills, Nitin Spinners and Trident Group are some of the leading yarn-producing companies in India.
In another development, theStratview Research’s report on the fancy yarn market says the fancy yarn market is estimated to grow from US $ 4.5 billion in 2020 to US $ 6.3 billion by 2026 at a healthy CAGR of 5.8 per cent during the forecast period.
In India, companies like Siyaram’s Silk Mills, Sutlej Textiles and Industries Limited (India) and many others are offering such yarns.
