Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the wool market grown over the years?

There has been robust growth in the wool market size in recent years. This is projected to increase from $10.71 billion in 2024 to $11.61 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.4%. The historical growth period can be tied back to factors such as the demand within the textile industry, fashion trends, luxury apparel, warmth and insulation attributes, tradition and cultural importance, and the trend towards natural and sustainable fibers.

What Is the forecasted market size and growth rate for the wool market?

Get your wool market report here!

https://www.thebusinessresearchcompany.com/report/wool-global-market-report

What are the major factors driving growth in the wool market?

The expansion of the wool market is anticipated to be fueled by an increase in the retail sales of clothes. The cloth retail industry involves buying garments from manufacturers and selling them directly to consumers. Wool, a popular material in cloth manufacturing, sees its demand rise as more customers purchase wool clothing. This increase in demand may trigger a growth in wool production and sales. Moreover, the retail sales of woolen garments can raise the profile and knowledge of wool as a fabric, potentially increasing demand for more woolen products. Additionally, the increase in urbanization has pushed the demand for clothing retail sales higher. For example, a report from the United States Census Bureau, a primary agency of the US Federal Statistical System, showed that in January 2023, clothing and clothing accessory retail sales in June 2022 were valued at $26.00 billion, indicating a growth of 34.11%. Thus, the rise in retail sales of clothes is fueling the expansion of the wool market.

What key areas define the segmentation of the global 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

Get your free sample now – explore exclusive market insights:

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

What are the top market players propelling the growth of the wool industry?

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 are the key trends shaping the future of the wool market?

Prominent firms in the wool market are 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.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9518

What regions are dominating the wool market growth?

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.

Browse Through More Similar Reports By The Business Research Company:

Industrial Machinery Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/industrial-machinery-global-market-report

Adhesives Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/adhesives-global-market-report

Woodworking And Paper Machinery Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/woodworking-and-paper-machinery-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: