Wool Market Overview

The report is titled as ‘Wool Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the wool market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The wool market is expected to grow at a significant rate in the near future.

The wool market size was valued at US$ 34.5 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.4% from 2020 to 2028.

Wool Market Definition

Wool, the outermost fibrous skin layer from sheep, is one of the most essential animal fibers utilized by the textile industry. Wool has served constantly for several millions of years for several different applications, felt being the foremost fabric made from the wool. Although the growing use of synthetic fibers in the current times has relatively diminished the importance of wool as a textile, wool remains as crucial as it is, in some sectors of the global markets.

The market diversity of wool is ever-evolving and vast as well as it is a worldwide traded commodity, across different industries such as sports/athletic and leisure wear, fashion and apparel, upholstery, flooring, and other interior textiles, the aviation and automotive industries. The wool industry is going through some considerable changes, which is expected to rejuvenate the global wool market over the coming years.

Wool Market Dynamics

Time and trends have the strange tendency to repeat itself. Same is the case with the wool industry that has been undergoing significant revolution over the last few years, as technological improvements in knitting and enhancements in fabric textures quality persist to articulate a fresh swing of aesthetic appreciation. But more essentially, one of the leading factors that is offering real growth opportunities for the wool industry is the changing lifestyle as well as purchasing behaviour of the consumers, especially the millennial consumers, across the world, consisting of preference for authenticity, quality, and transparency are attributes innate to wool. Owing to which, the global wool market is projected to rejuvenate rapidly in the years to come.

However, it is important to note that the production of wool and manufacturing of commodities comprising wool has reduced exponentially over the last few years due to the brisk advent and adoption of other synthetic fibres in the global markets as well as the arrival of less costly options has also affected the growth of the wool market.

Nevertheless, the growing number of consumers with altered lifestyle and buying preferences and willing to try new aesthetic products in conjunction with elevated disposable income is further expected to accelerate the growth of the global wool market in the forthcoming future.

In addition to that, there are many major players in the market who are aiming all their attention on how to leverage the existing attributes of the products and how to capitalize on the new demand, which is also expected to positively fuel the growth of the global wool market over the forecast period.

Moreover, merino wool – a natural fiber acquired from merino sheep – is appearing as a vital fabric for sportswear, athletic wear and even shoes, which in turn is resulting in higher investments and innovation are directed towards this specific source of wool. Furthermore, there is a rising trend among masses towards sporting athletic wear outside of gym, which is anticipated to propel the growth of the global wool market in the coming years.

Wool Market Segmentation

The global wool market is segmented on the basis of source, type, application and regions. On the basis of source, the wool market is segmented into Merino wool, Peruvian Highland wool, Teeswater wool, Shetland wool, Cashmere wool, and others. On the basis of type, the market is categorized into fine wool, medium wool, and coarse wool. Furthermore, the market is categorized on the basis of application into apparels, interior textiles, and floorings.

By Source

Merino Wool

Peruvian Highland Wool

Teeswater Wool

Shetland Wool

Cashmere Wool

Others

By Type

Fine Wool

Medium Wool

Coarse Wool

By Application

Apparels

Interior Textiles

Floorings

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

Wool Market Key Players

The global wool market is dominated by The Woolmark Company, Spykar Hometex, Minwool Rock Fibres Ltd., Milan Fabrics SRL, Top Mind SRL, Lanificio Botto Giuseppe & Figli SPA, Tessitura Monti SPA, Jindal Spinning Mills Ltd., Rock Wool Manufacturing Company, Kentwool Co. among others.

MMC Overview on Wool Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the wool market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of wool

Advantages of wool

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Wool Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Wool Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Wool Market Snapshot

2.4.    Global Wool Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Wool Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Wool Assessment and Analysis

3.1.    Wool Impact Analysis 

3.2.    Actions to encourage use of Wool

3.3.    Wool Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Wool Market

4.1.    Impact Analysis of Covid-19 on the global Wool market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Fluctuation in Production

4.5.    Volatility In Price 

4.6.    Effect On The Overall Trade 

4.7.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Wool Market, By Source

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Source

5.1.2.    BPS Analysis, By Product & Source

5.2.    Market Revenue (US$Mn) and Forecast, By Source

5.2.1.    Merino Wool 

5.2.2.    Peruvian Highland Wool 

5.2.3.    Teeswater Wool 

5.2.4.    Shetland Wool

5.2.5.    Cashmere Wool

5.2.6.    Others

5.3.    Global Wool Market Attractiveness Index, By Source

6.    Global Wool Market, By Type

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Type

6.1.2.    BPS Analysis, By Type

6.2.    Market Revenue (US$Mn) and Forecast, By Type

6.2.1.    Fine Wool

6.2.2.    Medium Wool

6.2.3.    Coarse Wool

6.3.    Global Wool Market Attractiveness Index, By Type

7.    Global Wool Market, By Application

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Application

7.1.2.    BPS Analysis, By Application

7.2.    Market Revenue (US$Mn) and Forecast, By Application

7.2.1.    Apparels

7.2.2.    Interior Textiles

7.2.3.    Floorings

7.3.    Global Wool Market Attractiveness Index, By Application

8.    Global Wool Market, By Region

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Region

8.1.2.    BPS Analysis, By Region

8.2.    Market Revenue (US$Mn) and Forecast, By Region

8.2.1.    North America

8.2.2.    Latin America

8.2.3.    Europe

8.2.4.    Asia Pacific

8.2.5.    Middle East 

8.2.6.    Africa

8.3.    Global Wool Market Attractiveness Index, By Region

9.    North America Wool Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market Revenue (US$Mn) and Forecast, By Country

9.2.1.    U.S. Wool Market

9.2.2.    Canada Wool Market

9.3.    North America Wool Market, By Source

9.3.1.    Merino Wool 

9.3.2.    Peruvian Highland Wool 

9.3.3.    Teeswater Wool 

9.3.4.    Shetland Wool

9.3.5.    Cashmere Wool

9.3.6.    Others

9.4.    North America Wool Market Revenue (US$Mn) and Forecast, By Type

9.4.1.    Fine Wool

9.4.2.    Medium Wool

9.4.3.    Coarse Wool

9.5.    North America Wool Market Revenue (US$Mn) and Forecast, By Application

9.5.1.    Apparels

9.5.2.    Interior Textiles

9.5.3.    Floorings

9.6.    North America Wool Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Source

9.6.3.    By Type

9.6.4.    By Application

10.    Latin America Wool Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    Brazil Wool Market

10.2.2.    Mexico Wool Market

10.2.3.    Rest Of Latin America Wool Market

10.3.    Latin America Wool Market, By Source

10.3.1.    Merino Wool 

10.3.2.    Peruvian Highland Wool 

10.3.3.    Teeswater Wool 

10.3.4.    Shetland Wool

10.3.5.    Cashmere Wool

10.3.6.    Others

10.4.    Latin America Wool Market Revenue (US$Mn) and Forecast, By Type

10.4.1.    Fine Wool

10.4.2.    Medium Wool

10.4.3.    Coarse Wool

10.5.    Latin America Wool Market Revenue (US$Mn) and Forecast, By Application

10.5.1.    Apparels

10.5.2.    Interior Textiles

10.5.3.    Floorings

10.6.    Latin America Wool Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Source

10.6.3.    By Type

10.6.4.    By Application

11.    Europe Wool Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    U.K. Wool Market

11.2.2.    Germany Wool Market

11.2.3.    Italy Wool Market

11.2.4.    France Wool Market

11.2.5.    Spain Wool Market

11.2.6.    Russia Wool Market

11.2.7.    Rest Of Europe Wool Market

11.3.    Europe Wool Market, By Source

11.3.1.    Merino Wool 

11.3.2.    Peruvian Highland Wool 

11.3.3.    Teeswater Wool 

11.3.4.    Shetland Wool

11.3.5.    Cashmere Wool

11.3.6.    Others

11.4.    Europe Wool Market Revenue (US$Mn) and Forecast, By Type

11.4.1.    Fine Wool

11.4.2.    Medium Wool

11.4.3.    Coarse Wool

11.5.    Europe Wool Market Revenue (US$Mn) and Forecast, By Application

11.5.1.    Apparels

11.5.2.    Interior Textiles

11.5.3.    Floorings

11.6.    Europe Wool Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Source

11.6.3.    By Type

11.6.4.    By Application

12.    Asia Pacific Wool Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    China Wool Market

12.2.2.    India Wool Market

12.2.3.    Japan Wool Market

12.2.4.    Australia and New Zealand Wool Market

12.2.5.    South Korea Wool Market

12.2.6.    Rest of Asia Pacific Wool Market

12.3.    Asia Pacific Wool Market, By Source

12.3.1.    Merino Wool 

12.3.2.    Peruvian Highland Wool 

12.3.3.    Teeswater Wool 

12.3.4.    Shetland Wool

12.3.5.    Cashmere Wool

12.3.6.    Others

12.4.    Asia Pacific Wool Market Revenue (US$Mn) and Forecast, By Type

12.4.1.    Fine Wool

12.4.2.    Medium Wool

12.4.3.    Coarse Wool

12.5.    Asia Pacific Wool Market Revenue (US$Mn) and Forecast, By Application

12.5.1.    Apparels

12.5.2.    Interior Textiles

12.5.3.    Floorings

12.6.    Asia Pacific Wool Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Source

12.6.3.    By Type

12.6.4.    By Application

13.    Middle East Wool Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    GCC Countries Wool Market

13.2.2.    Israel Wool Market

13.2.3.    Rest Of Middle East Wool Market

13.3.    Middle East Wool Market, By Source

13.3.1.    Merino Wool 

13.3.2.    Peruvian Highland Wool 

13.3.3.    Teeswater Wool 

13.3.4.    Shetland Wool

13.3.5.    Cashmere Wool

13.3.6.    Others

13.4.    Middle East Wool Market Revenue (US$Mn) and Forecast, By Type

13.4.1.    Fine Wool

13.4.2.    Medium Wool

13.4.3.    Coarse Wool

13.5.    Middle East Wool Market Revenue (US$Mn) and Forecast, By Application

13.5.1.    Apparels

13.5.2.    Interior Textiles

13.5.3.    Floorings

13.6.    Middle East Wool Market Attractiveness Index

13.6.1.    By Country

13.6.2.    By Source

13.6.3.    By Type

13.6.4.    By Application

14.    Africa Wool Market Analysis and Forecast, 2020–2028

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    South Africa Countries Wool Market

14.2.2.    Egypt Wool Market

14.2.3.    North Africa Wool Market

14.2.4.    Rest of Africa Wool Market

14.3.    Africa Wool Market, By Source

14.3.1.    Merino Wool 

14.3.2.    Peruvian Highland Wool 

14.3.3.    Teeswater Wool 

14.3.4.    Shetland Wool

14.3.5.    Cashmere Wool

14.3.6.    Others

14.4.    Africa Wool Market Revenue (US$Mn) and Forecast, By Type

14.4.1.    Fine Wool

14.4.2.    Medium Wool

14.4.3.    Coarse Wool

14.5.    Africa Wool Market Revenue (US$Mn) and Forecast, By Application

14.5.1.    Apparels

14.5.2.    Interior Textiles

14.5.3.    Floorings

14.6.    Africa Wool Market Attractiveness Index

14.6.1.    By Country

14.6.2.    By Source

14.6.3.    By Type

14.6.4.    By Application

15.    Competitive Landscape

15.1.    Company Profiles

15.1.1.    The Woolmark Company

15.1.1.1.    Company Overview

15.1.1.2.    Financial Overview

15.1.1.3.    Key Developments

15.1.1.4.    Strategies

15.1.1.5.    Product Analysis

15.1.2.    Spykar Hometex

15.1.3.    Minwool Rock Fibres Ltd.

15.1.4.    Milan Fabrics SRL

15.1.5.    Top Mind SRL

15.1.6.    Lanificio Botto Giuseppe & Figli SPA

15.1.7.    Tessitura Monti SPA

15.1.8.    Jindal Spinning Mills Ltd.

15.1.9.    Rock Wool Manufacturing Company

15.1.10.    Kentwool Co.

16.    Acronyms