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

The global Threads market reached a value of about USD 4.70 billion in 2021. The industry is projected to grow at a CAGR of around 3.2% in the forecast period of 2022-2027 to reach a value of about USD 5.67 billion by 2027.

The global Threads industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rising demand for threads is driving the industry due to their application in minimally invasive facial procedures paired with their employment in other industrial sectors. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.

Industry Definition and Segmentation

Thread is a filament, a twisted-together collection of filaments, or a filamentous length made by spinning and twisting tiny textile fibres into a continuous strand. It is a long, thin piece of cotton, silk, or other material used for various purposes. The Threads industry report comprises segments by type (industrial threads and household savings threads) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific is the largest market due to the increased acceptance of aesthetic operations and an elderly population in the region. In addition, the presence of significant market participants in this region has allowed it to become a leader. Due to increased awareness of the advantages of cosmetic thread procedures, particularly in South Korea, China, and Japan, Asia-Pacific is anticipated to expand at the fastest rate throughout the projection period. In addition, as medical tourism grows in this region, the cosmetic threads industry will have additional potential to grow.

The market is being driven by the growing demand for aesthetic threads in the surgical industry. Aesthetic thread is used in facelift skin procedures where the surgeon removes loose skin by stitching instead of surgery. As it is a minimally invasive procedure, it is gaining traction among consumers propelling the industry's growth. Furthermore, the rising geriatric population paired with the low cost of the process is giving the market a significant thrust. Other factors such as rapid urbanisation, economic growth, and increased consumer awareness are propelling the industry’s growth.

However, the growing advancements in the medical sector allowing for facial procedures without the requirement of threads are likely to act as a market restraint.

Best Procurement Practices

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

Category Management Studies

Cotton threads are manufactured from plant cellulose and are used to sew textiles such as linen, rayon, and cotton-made plants. For synthetics and stretch knits, nylon and polyester threads are chosen. The only threads manufactured from a single yarn or single-ply are nylon and polyester. After spinning, the specialised thread is also treated according to its intended application. Garments composed of water-repellent fabric are also sewed using treated thread. For ornamentation, metallic thread is employed. Mending thread is created in the same varieties as spool thread, but it comes in shorter lengths, making it more cost-effective to buy a tiny amount. Upholstery thread is strengthened so that it may be used to upholster furniture. Its polar opposite is an invisible thread, which is exceedingly delicate and robust since it is composed of nylon. Light- to medium-weight synthetic textiles are sewn with invisible thread. Other specialist threads, such as needlepoint, are designed for ornamental stitching.

Wide Range of Application of the Product, Further Driving the Procurement of Threads

The industry is being propelled by the growing application of the product in a wide range of industries, including automotive, home furnishing, and luggage, among others. Due to this, the high demand for superior quality products has increased, thus, resulting in an increased demand for speciality threads. These are used in manufacturing automobile airbags and tea bags, among others boosting demand in the sector. It is also employed in producing protective safety clothing in the military industry, furthering the product's expansion. In addition, the introduction of new technological advancements, such as anti-microbial threads, fibre optic threads, etc., is creating new market opportunities for the key players resulting in the industry's development.

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 Threads Industry Report

• Coats Plc.
• Vardhman A&E Threads
• American & Efird LLC
• Ningbo Veken Elite Group Co., Ltd.
• Amann & Sohne Gmbh & Co.

Market Landscape

The market is highly fragmented, with most production in North American nations. To get a stronger position in the cosmetic threads market, manufacturers are focused on product distribution, collaboration agreements with other industry competitors, and approvals. As part of their expansion plan, they are getting into cooperation arrangements to maximise income from the market.

Key Initiatives by Companies

• Menarini Group, an Italian pharmaceutical business, introduced Definisse threads, fillers, and peels by ReLife in the United Kingdom in October 2020. Definisse threads contain bidirectional and convergent barbs and are made of a polylactic acid/caprolactone combination. They cause the fibroblasts in the body to produce extracellular matrix and collagen in the skin.
• After getting permission from Health Canada, Sinclair Pharma introduced Silhouette InstaLift in Canada in March 2020. InstaLift gives an instant lift while boosting the body's natural collagen synthesis to improve volume over time, with benefits lasting up to two years, thanks to innovative micro-suspension technology.