Valued at $174.79 billion in 2023, the global woolen textiles market is projected to reach a value of $236.28 billion by 2032, growing at an expected CAGR of 4.4 per cent during the forecast period.
As per a study by Archive Market Research (AMR), woolen textiles encompass fabrics and material that is woolen or spun from wool, which is mainly procured from the sheep. Woolen textiles are known to be flexible, insulation-free, soft natured, durable and possessing the ability to absorb or repel moisture. Some of the products made from this material include sweaters, coats, scarfs, blankets, upholstery and carpets. It covers fashion accessories and home furnishing commodities.
As per the AMR study, some of the emerging trends in the woolen textiles market include an increasing concern for sustainability and responsible sourcing of the wool, innovations in material processing to make it softer and more versatile, and increasing the consumption of greens and natural textiles in the fashion industry. The industry also benefits from the 'luxury-consumer' or 'high-end' apparel consumers as well as the demands for permanent detailed fabrics in luxury and casual wears.
The AMR study classifies the global woolen textiles market into three product-based categories: Woolen Apparel, Woolen Blankets, Woolen Carpets. The report concludes with in-depth analysis of the business operations and financial structure of leading vendors in the Global Woolen Textiles market. It also includes information on various marketing channels and well-known distributors in this market. Overall, the study serves as a rich guide for established players and new players in this market.
