What is the value of pure wool in the global market?
The largest market share in the pure wool market is held by Sheep wool. This is mainly because of its versatile properties such as insulation, durability, resistance to fire and retains its shape after washing. Among the countries, China holds the largest market share of wool in the pure wool market of around 60 percent. After sheep wool, merino wool also contributes to the global pure wool market. The fabrics made from merino wool are very fine and are ultra-soft in nature, hence they are used in manufacturing performance base layers, hiking socks and ski socks. The largest producer of merino wool is Australia while China is the largest consumer of merino wool. After Australia and China, India is the third-largest producer of pure wool.
The global market of pure wool is segmented into three categories:
• Based on Type of Wool: Sheep Wool, Merino Wool, Mohair Wool, Angora Wool, Cashmere Wool, Alpaca Wool
• Based on Application: Woven, Non-Woven
• Based on Region: North America (United States, Canada and Mexico), Europe (Germany, UK, France, Italy, Russia and Turkey etc.), Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam), South America (Brazil etc.), Middle East and Africa (Egypt and GCC Countries).
Among the regions, the Asia-Pacific region dominated the share in the pure wool market by more than 40 percent. Few of the leading manufacturers of pure wool include 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, etc.