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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Merino Wool Market Size
The global merino wool industry reached a production volume of about 304 KMT in 2023. The market is projected to grow at a CAGR of 0.4% between 2024 and 2032, reaching a value of 311.68 KMT by 2032.
Merino Wool Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global merino wool market attained a volume of nearly 304 KMT in 2023.
The major market drivers include the growing textile sector, the surging availability of merino wool at cost-effective prices, and the increasing economic growth of developing countries.
The key trends guiding the market growth are the rising trend of internet shopping, the surging population, and the growing usage of natural fibres in in the textile sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of merino wool are worsted and wollen.
The major segments based on weaves of merino wool considered in the market report are plain weave and twill.
The various applications of merino wool include woven and knits.
The several end uses of merino wool are apparel, innerwear, socks, home textile, among other accessories.
The major players in the market are Südwolle Group, Brown Sheep Company, Inc., Indorama Ventures Public Company Limited, Europa Wools Ltd., Xinao textiles inc., Yünsa A.S., and Laxtons Limited, among others.
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