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Global Merino Wool Industry Report: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; by Application; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Industry Events and Developments; Manufacturing Process; Competitive Landscape, 2022-2027

Merino Wool Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices


The global Merino Wool market reached a value of about USD 160.3 billion in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a value of about USD 197 billion by 2027.

The global Merino Wool industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing popularity of the commodity among consumers due to its properties is primarily driving the industry. The Asia Pacific is the highest category spender by region that is driving the demand for the Merino Wool industry.

Industry Definition and Segmentation

Merino wool is a popular fabric material derived from Merino sheep and is both affordable and durable. Like all varieties of wool, Merino wool is very absorbent, water-resistant, and insulative. It can absorb bacteria's odour, neutralising it and preventing it from accumulating. The Merino Wool industry report comprises segments by Type (Worsted, Woollen), Weave (Plain Weave (Tropical Wool, High-twist Wool, Hopsack), Twill (Serge, Worsted Flannel, Prunelle, Herringbone, Cavalry Twill, Others), Application (Woven, Knits), End-Use (Apparel, Innerwear, Socks, Home Textile, Other Accessories) and Region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

The Asia Pacific Regions are Driving the Growth of the Industry

The Asia Pacific region holds the largest share in the industry as China is one of the significant wool producers. In addition, the region's economic development is further boosting the market's development.

The industry is propelled by the growing demand for wool from wool-consuming countries. Australia and China are regions with the highest production of wool. The rise of the wool sector has been aided by economic growth in nations such as China, Germany, Japan, France, Italy, the United States, the United Kingdom, and Korea. As a result, the market is expanding. Furthermore, despite the entrance of alternative natural fibres to the efficiency and sustainability sectors, such as cotton and silk, the anti-odour properties of merino wool are boosting the market's development. The properties of the wool-like great quality, durability, and warmth are gaining traction among consumers, further propelling the industry. Consumers widely sought it because of its superior quality, sustainability, and comfort.

Best Procurement Practices

The global Merino Wool industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Merino Wool regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Merino sheep wool is sometimes referred to be "greasy" because it retains the oils from the sheep's skin. After that, the oily wool is cleaned, graded, and carded into long, thin threads. Now that the strings have been carded, they may be spun. Different grades of merino wool are turned separately and then placed onto reels to be woven. If a merino fabric only has one colour, it may be dyed after the yarn has been woven or knit into the fabric.

Growing Expansion of the Garment Industry, Further Driving the Merino Wool Market

The market is being aided by the garment business, particularly the wool sector. In addition, the growing popularity of online shopping among customers, owing to factors like increased internet penetration, the availability of a large variety at reasonable costs, and convenience, is furthering the industry's expansion. As the wool and textile industries' sustainability has resulted in many rapid fashion garments ending up in landfills owing to their short lifespans, customers are shifting towards merino wool. The increased expertise across industries also presents a huge market potential for major companies. Other factors such as growing population, rise in disposable incomes, economic developments, and higher spending power are likely to impact the market positively.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Merino Wool Industry Report

  • Südwolle Group
  • Brown Sheep Company, Inc.
  • Indorama Ventures Public Company Limited
  • Europa Wools Ltd.
  • Xinao textiles inc.

Market Landscape

Key tactics players use in the market include product launches, mergers and acquisitions, joint ventures, and regional expansions. Increased expertise across industries also presents a huge market potential for major companies in the merino wool industry.

Key Initiatives by Companies

  • Südwolle, the world leader in worsted yarn spinning, has announced the F/W 2023/24 line, which is sustainable, responsible, natural, recycled, and high-performance. In the F/W 2023/24 collection, the idea of seasonality is becoming increasingly hazy in favour of more functional categories in terms of performance, sustainability, new content, and style.

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 (2017-2021) 
    8.3    Global Merino Wool Market Forecast (2022-2027)
    8.4    Global Merino Wool Market by Type
        8.4.1    Worsted 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Woollen
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
            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 (2017-2021)
                    8.5.1.4.1.3    Forecast Trend (2022-2027)
                8.5.1.4.2    High-twist Wool
                    8.5.1.4.2.1    Market Share
                    8.5.1.4.2.2    Historical Trend (2017-2021)
                    8.5.1.4.2.3    Forecast Trend (2022-2027)
                8.5.1.4.3    Hopsack
                    8.5.1.4.3.1    Market Share
                    8.5.1.4.3.2    Historical Trend (2017-2021)
                    8.5.1.4.3.3    Forecast Trend (2022-2027)
        8.5.2    Twill
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
            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 (2017-2021)
                    8.5.2.4.1.3    Forecast Trend (2022-2027)
                8.5.2.4.2    Worsted Flannel
                    8.5.2.4.2.1    Market Share
                    8.5.2.4.2.2    Historical Trend (2017-2021)
                    8.5.2.4.2.3    Forecast Trend (2022-2027)
                8.5.2.4.3    Prunelle
                    8.5.2.4.3.1    Market Share
                    8.5.2.4.3.2    Historical Trend (2017-2021)
                    8.5.2.4.3.3    Forecast Trend (2022-2027)
                8.5.2.4.4    Herringbone
                    8.5.2.4.4.1    Market Share
                    8.5.2.4.4.2    Historical Trend (2017-2021)
                    8.5.2.4.4.3    Forecast Trend (2022-2027)
                8.5.2.4.5    Cavalry Twill
                    8.5.2.4.5.1    Market Share
                    8.5.2.4.5.2    Historical Trend (2017-2021)
                    8.5.2.4.5.3    Forecast Trend (2022-2027)
                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 (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Knits
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Innerwear
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Socks 
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Home Textile
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        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    Key Indicators for Demand
    10.4    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

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Key Questions Answered in the Report

The global Merino Wool market size was valued at USD 160.3 billion in 2021 in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3%.

The significant demand for sustainable clothing is one of the essential drivers of the Merino Wool market growth.

Südwolle Group, Brown Sheep Company, Inc., Indorama Ventures Public Company Limited, Europa Wools Ltd., and Xinao textiles inc. are some of the key companies in the market.

The Asia Pacific region of the Merino Wool industry holds a significant share in the market.

Analyst Review

The global Merino Wool market attained a value of USD 160.3 billion in 2021, driven by the growing demand for wool from wool-consuming countries. The properties of the wool-like great quality, durability, and warmth are gaining traction among consumers, further propelling the industry. Aided by the garment business, the growing popularity of online shopping among customers, owing to factors like increased internet penetration, the availability of a large variety at reasonable costs, and the convenience, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3%. The market is projected to reach USD 197 billion by 2027. Some of the leading players in the industry are Südwolle Group, Brown Sheep Company, Inc., Indorama Ventures Public Company Limited, Europa Wools Ltd., and Xinao textiles inc.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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