Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Source (Animal, Chemical, Plant), By Material (Natural Fiber, Synthetic Fiber), By Material (Natural Fiber, Synthetic Fiber), By Application (Apparel, Home Textile, Industrial) And Competitive Landscape
Product Code: ETC436640 | Publication Date: Nov 2022 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Latin America Yarn Market |
Forecast period | 2025-2031 |
CAGR | 5.3% |
Growing Sector | Apparel |
Latin America Yarn Market report thoroughly covers the market by source, material, application and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Latin America yarn market is expected to reach USD 22.8 billion by 2030, growing at a CAGR of 5.3% during the forecast period (2024-2030). The increasing use of yarn in various end-use industries such as textile, fashion, and home décor is driving this growth. Additionally, rising disposable income, changing consumer preferences towards sustainable and organic products, and government initiatives promoting textile industry growth are further contributing factors.
The yarn market in Latin America has been experiencing significant growth over the years. This growth has been primarily driven by the growing demand for textile and garment products. The region's expanding population and rising standard of living have also fueled the yarn market's expansion.
According to 6Wresearch, Latin America Yarn Market size is expected to grow at a significant CAGR of 5.3% during 2025-2031. Latin America's yarn market is growing quickly due to factors like population growth, rising disposable incomes, and more urbanization. The demand for a wide range of textile items, including clothing, home textiles, and technical textiles, is rising throughout the region, which is home to more than 600 million people. The region's growing middle class, which is more interested in high-end, environmentally friendly textiles, particularly those made of wool and other natural fibers, is another factor driving this expansion. Furthermore, local manufacturers are being prompted to use eco-friendly materials and cutting-edge manufacturing techniques by the worldwide movement towards sustainable fashion. These elements are pressuring regional producers to spend money on high-quality yarns and cutting-edge manufacturing techniques in order to satisfy changing consumer demands. The yarn market in Latin America has a lot of room to grow when these factors come together.
Aditya Birla Group, Braskem, Invista, Vicunha Textil S.A., and Coltejer S.A. are some of the major companies in the Latin American yarn business. These businesses have made a name for themselves in the area and are always spending money on R&D to improve the products they sell.
Through a variety of efforts, such as export promotion campaigns, tax breaks for investments, and investment subsidies, Latin American governments are actively assisting their textile sectors. While Colombia's "Plan National Exporter" attempts to increase textile exports by assisting local companies in breaking into international markets, Brazil's "National Technical Training Program for the Textile and Garment Industry" addresses the lack of competent personnel. These programs boost the local textile industry's competitiveness by fostering innovation, increasing manufacturing capabilities, and raising the caliber of output. Latin America is thus making a name for itself as a major force in the world textile market.
Latin America's yarn market is expected to rise steadily due to increased consumer demand and encouraging government policies. For those involved in the industry, the drive toward sustainability and eco-friendliness, especially with recycled fibers, opens up new possibilities. Technological developments are also making it possible to produce premium yarns at a reasonable price, which is driving up market expansion. Future trends in the textile industry will be shaped by advancements in yarn production and an emphasis on sustainability. Businesses who adopt these trends and invest in sustainable practices will have an advantage over competitors in this exciting industry.
According to Dhaval, Research Manager, 6Wresearch, Latin America's plant-based yarn market is growing with an increased consumer demand for environmentally friendly goods and official backing for natural fibers. Spinning technology breakthroughs have raised the caliber of yarns made from materials including cotton, flax, and bamboo.
The natural fiber sector is anticipated to lead the Latin American yarn market. This is explained by both the growing regional production of natural fibers like cotton and wool as well as the growing customer desire for sustainable and eco-friendly products.
The Latin America Yarn Market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Yarn Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Yarn Market Revenues & Volume, 2021 & 2031F |
3.3 Latin America Yarn Market - Industry Life Cycle |
3.4 Latin America Yarn Market - Porter's Five Forces |
3.5 Latin America Yarn Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Latin America Yarn Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Latin America Yarn Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Latin America Yarn Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.9 Latin America Yarn Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latin America Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Yarn Market Trends |
6 Latin America Yarn Market, 2021 - 2031 |
6.1 Latin America Yarn Market, Revenues & Volume, By Source, 2021 - 2031 |
6.2 Latin America Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
6.3 Latin America Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
6.4 Latin America Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
7 Brazil Yarn Market, 2021 - 2031 |
7.1 Brazil Yarn Market, Revenues & Volume, By Source, 2021 - 2031 |
7.2 Brazil Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
7.3 Brazil Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
7.4 Brazil Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Mexico Yarn Market, 2021 - 2031 |
8.1 Mexico Yarn Market, Revenues & Volume, By Source, 2021 - 2031 |
8.2 Mexico Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
8.3 Mexico Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
8.4 Mexico Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Argentina Yarn Market, 2021 - 2031 |
9.1 Argentina Yarn Market, Revenues & Volume, By Source, 2021 - 2031 |
9.2 Argentina Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
9.3 Argentina Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
9.4 Argentina Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Rest of Latin America Yarn Market, 2021 - 2031 |
10.1 Rest of Latin America Yarn Market, Revenues & Volume, By Source, 2021 - 2031 |
10.2 Rest of Latin America Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
10.3 Rest of Latin America Yarn Market, Revenues & Volume, By Material, 2021 - 2031 |
10.4 Rest of Latin America Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Latin America Yarn Market Key Performance Indicators |
12 Latin America Yarn Market - Opportunity Assessment |
12.1 Latin America Yarn Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Latin America Yarn Market Opportunity Assessment, By Source, 2021 & 2031F |
12.3 Latin America Yarn Market Opportunity Assessment, By Material, 2021 & 2031F |
12.4 Latin America Yarn Market Opportunity Assessment, By Material, 2021 & 2031F |
12.5 Latin America Yarn Market Opportunity Assessment, By Application, 2021 & 2031F |
13 Latin America Yarn Market - Competitive Landscape |
13.1 Latin America Yarn Market Revenue Share, By Companies, 2024 |
13.2 Latin America Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |