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Global Merino Wool Market: By Type: Worsted, Woollen; By Weave: Plain Weave, Twill; By Application: Woven, Knits; By End Use: Apparel, Innerwear, Socks, Home Textile, Other Accessories; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Merino Wool Market Outlook
The global merino wool industry reached a production volume of about 276 KMT in 2020. The industry is further expected to grow at a healthy rate in the forecast period of 2021-2026.
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Rising Demand in the Wool Industry Supporting the Merino Wool Market
The growth of the merino wool is primarily driven by the rising demand from the wool consuming countries. Australia and China are among the leading producers of merino wool. The economic growth in countries including China, Germany, Japan, France, Italy, the United States, United Kingdom, and Korea has been supporting the growth of the wool industry. The growing economies of these countries has resulted in an increased disposable income of the consumers, propelling the merino wool industry. Since the sustainability of the wool and textile industries has led to a large number of quick fashion clothing ending up in landfills due to short lifespans, it is expected that merino wool will be increasingly valued by discerning consumers. In addition, despite the addition of other natural fibres, such as cotton and silk, to the efficiency and sustainability sectors, the anti-odour benefits of merino wool would continue to boost the market growth.
Merino Wool: Industry Definition and Segmentation
Merino wool is unique because it absorbs the scent of bacteria, absorbing their smell, and preventing them from building up. This ensures that merino wool-odour resistant garments could be worn for longer without having to think about smelling. Among the most significant characteristics of merino wool is its resilience or endurance. It is also excellent at controlling body temperature, particularly when worn against the skin, due to its high crimp count. Moisture is wicked away from the body; the consumer stays warm and not too hot.
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Based on type, the industry can be divided into:
- Worsted
- Woollen
On the basis of weave, the market can be categorised as follows:
- Plain Weave
- Tropical Wool
- High-twist Wool
- Hopsack
- Twill
- Serge
- Worsted Flannel
- Prunelle
- Herringbone
- Cavalry Twill
- Others
It finds wide applications in the following:
- Woven
- Knits
The end-use for merino wool can be categorised as follows:
- Apparel
- Innerwear
- Socks
- Home Textile
- Other Accessories
The regional markets for merino wool can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Clothing Industry Bolstering the Market Growth
The growth of the industry is primarily being driven by the ever-rising clothing industry, especially wool industry. The clothing industry is also getting a boost due to the rising trend of online shopping among consumers due to the rising internet penetration, the availability of huge variety at good prices, along with the convenience. The growing economy of the regions also contribute significantly to the growth of the industry. Merino wool is highly demanded among consumers due to its premium quality, sustainability, and warmth. Other factors driving the growth of the industry include the rising population and the increasing disposable incomes of the consumers.
Key Industry Players in the Global Merino Wool Market
The report gives a detailed analysis of the following key players in the global merino wool market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Südwolle Group
- Brown Sheep Company, Inc.
- Indorama Ventures Public Company Limited
- Europa Wools Ltd.
- Xinao textiles inc.
- Yünsa A.S.
- Laxtons Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Merino Wool Market Analysis
8.1 Key Industry Highlights
8.2 Global Merino Wool Historical Market (2016-2020)
8.3 Global Merino Wool Market Forecast (2021-2026)
8.4 Global Merino Wool Market by Type
8.4.1 Worsted
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Woollen
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Merino Wool Market by Weave
8.5.1 Plain Weave
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.1.4 Breakup by Type
8.5.1.4.1 Tropical Wool
8.5.1.4.1.1 Market Share
8.5.1.4.1.2 Historical Trend (2016-2020)
8.5.1.4.1.3 Forecast Trend (2021-2026)
8.5.1.4.2 High-twist Wool
8.5.1.4.2.1 Market Share
8.5.1.4.2.2 Historical Trend (2016-2020)
8.5.1.4.2.3 Forecast Trend (2021-2026)
8.5.1.4.3 Hopsack
8.5.1.4.3.1 Market Share
8.5.1.4.3.2 Historical Trend (2016-2020)
8.5.1.4.3.3 Forecast Trend (2021-2026)
8.5.2 Twill
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.2.4 Breakup by Type
8.5.2.4.1 Serge
8.5.2.4.1.1 Market Share
8.5.2.4.1.2 Historical Trend (2016-2020)
8.5.2.4.1.3 Forecast Trend (2021-2026)
8.5.2.4.2 Worsted Flannel
8.5.2.4.2.1 Market Share
8.5.2.4.2.2 Historical Trend (2016-2020)
8.5.2.4.2.3 Forecast Trend (2021-2026)
8.5.2.4.3 Prunelle
8.5.2.4.3.1 Market Share
8.5.2.4.3.2 Historical Trend (2016-2020)
8.5.2.4.3.3 Forecast Trend (2021-2026)
8.5.2.4.4 Herringbone
8.5.2.4.4.1 Market Share
8.5.2.4.4.2 Historical Trend (2016-2020)
8.5.2.4.4.3 Forecast Trend (2021-2026)
8.5.2.4.5 Cavalry Twill
8.5.2.4.5.1 Market Share
8.5.2.4.5.2 Historical Trend (2016-2020)
8.5.2.4.5.3 Forecast Trend (2021-2026)
8.5.2.4.5 Others
8.6 Global Merino Wool Market by Application
8.6.1 Woven
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Knits
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.7 Global Merino Wool Market by End Use
8.7.1 Apparel
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Innerwear
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Socks
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Home Textile
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.5 Other Accessories
8.8 Global Merino Wool Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 Russia
9.2.3.2 Other CIS Countries
9.2.3.3 Spain
9.2.3.4 France
9.2.3.5 Germany
9.2.3.6 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 Australia
9.3.3.2 China
9.3.3.3 New Zealand
9.3.3.4 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Argentina
9.4.3.2 Uruguay
9.4.3.3 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 South Africa
9.5.3.2 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.1 Overview
12.2 Detailed Process Flow
12.3 Operations Involved
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Südwolle Group
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Brown Sheep Company, Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Indorama Ventures Public Company Limited
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Europa Wools Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Xinao textiles inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Yünsa A.S.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Laxtons Limited
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Industry Events and Developments
List of Figures and Tables
1. Global Merino Market: Key Industry Highlights, 2016 and 2026
2. Global Merino Historical Market: Breakup by Type (KMT), 2016-2020
3. Global Merino Market Forecast: Breakup by Type (KMT), 2021-2026
4. Global Merino Historical Market: Breakup by Weave (KMT), 2016-2020
5. Global Merino Market Forecast: Breakup by Weave (KMT), 2021-2026
6. Global Merino Historical Market: Breakup by Application (KMT), 2016-2020
7. Global Merino Market Forecast: Breakup by Application (KMT), 2021-2026
8. Global Merino Historical Market: Breakup by End Use (KMT), 2016-2020
9. Global Merino Market Forecast: Breakup by End Use (KMT), 2021-2026
10. Global Merino Historical Market: Breakup by Region (KMT), 2016-2020
11. Global Merino Market Forecast: Breakup by Region (KMT), 2021-2026
12. North America Merino Historical Market: Breakup by Country (KMT), 2016-2020
13. North America Merino Market Forecast: Breakup by Country (KMT), 2021-2026
14. Europe Merino Historical Market: Breakup by Country (KMT), 2016-2020
15. Europe Merino Market Forecast: Breakup by Country (KMT), 2021-2026
16. Asia Pacific Merino Historical Market: Breakup by Country (KMT), 2016-2020
17. Asia Pacific Merino Market Forecast: Breakup by Country (KMT), 2021-2026
18. Latin America Merino Historical Market: Breakup by Country (KMT), 2016-2020
19. Latin America Merino Market Forecast: Breakup by Country (KMT), 2021-2026
20. Middle East and Africa Merino Historical Market: Breakup by Country (KMT), 2016-2020
21. Middle East and Africa Merino Market Forecast: Breakup by Country (KMT), 2021-2026
22. Global Merino Market Structure
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