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Pharmacy benefit management market
Linen Market REPORT OVERVIEW
The global linen market size was USD 719.3 million in 2021, as per our research, the market is projected to touch USD 2,169.47 million in 2031, exhibiting a CAGR of 11.2% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with linen experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Linen is a textile material which is made from fibers. The clothing material is laborious to manufacture, but the fiber is very absorbent.
The linen market is anticipated to witness a significant growth due to increased need for excessive comfort cloths. The fabrics are comfortable, lustrous, and durable compared to cotton. The fabric is less affected by sun, and heat. Linen clothes include trousers, shirts, blazers, and others. Further the fabric is used for towels, bedsheets, and table clothes. The fabric offers excessive comfort and quickly remove perspiration, which is the primary factor to accelerate market growth. Presence of several market players and increased investment by key players is estimated to flourish market progress. Rise in disposable income and high need for the fabric in clothing industry is anticipated to drive market progress. In addition, huge demand for the fabric among fashion designer is predicted to boost material adoption. On the contrary, high cost of the material and lack of elasticity is predicted to obstruct market growth. Also, creasing and breakage of threads is estimated to hinder market progress in the forthcoming years.
COVID-19 Impact: Closure of Clothing Stores and Lack of Manufacturing Activities to Hinder Market Progress
The spread of Coronavirus pandemic affected supply and chain of the market. Lower demand for clothing and lack of production activities to reduce market progress. Further, global shutting of shopping centers and social distance protocols to hat product demand during the pandemic period.
LATEST TRENDS
"Demand for Excessive Comfort Clothing among Population to Fuel Market Growth"
The factor is anticipated to drive market growth is high need for excessive comfort clothing. The material has ability to swiftly absorb and remove perspiration. The clothing is considering as high-quality, premium, and soft. The fabric is gaining popularity among clothing or textile sector. The fabric is widely used in the household for its diverse properties. Rise in disposable income and high need for the fabric in clothing industry is anticipated to drive market progress. In addition, huge demand for the fabric among fashion designer is predicted to boost material adoption. High demand for the fabric among growing population is anticipated to surge market progress.
Linen Market SEGMENTATION
- By Type
Based on type, the market is divided into long flax linen and short flax linen.
Long flax linen is expected to be the top part of the type segmentation
- By Application
Based on the application, the market is divided into clothing, table linen, decoration, bed linens, and other.
Clothing is expected to be the top part of application segmentation.
DRIVING FACTORS
"Increased Adoption of the Fabric in Men Clothing to Boost Market Growth"
The use of the fabric is high in a variety of men’s wear. The demand for luxury clothing for men is anticipated to fuel market growth. Demand for the material is estimated to expand due to high need for fine and soft clothing material. Linen is a textile material which is made from fibers. The clothing material is laborious to manufacture, but the fiber is very absorbent, which is estimated to attract more consumer. Wide range of the fabrics are used in women clothing as well. The fabric offers combination of appealing qualities with comfort. These factors are anticipated to drive market progress in the forthcoming years.
"Several Dynamics of the Material to Stimulate Market Progress"
The linen market is anticipated to witness a significant growth due to increased need for excessive comfort cloths. The fabrics are comfortable, lustrous, and durable compared to cotton. The fabric is less affected by sun, and heat. Linen clothes include trousers, shirts, blazers, and others. Further the fabric is used for towels, bedsheets, and table clothes. The fabric offers excessive comfort and quickly remove perspiration, which is the primary factor to accelerate market growth. Presence of several market players and increased investment by key players is estimated to flourish market progress. Rise in disposable income and high need for the fabric in clothing industry is anticipated to drive market progress.
RESTRAINING FACTORS
"High Cost of the Material and Lack of Elasticity to Obstruct Market Growth"
High cost of the material and lack of elasticity is predicted to obstruct market growth. Also, creasing and breakage of threads is estimated to hinder market progress in the forthcoming years.
Linen Market REGIONAL INSIGHTS
"Largest Manufacturer and Clients of the Linen Fabrics in Europe to Drive Market Share "
Europe is anticipated to account for the largest linen market share owing to largest manufacturer and clients of the linen fabrics. The clothing is considering as high-quality, premium, and soft. The fabric is gaining popularity among clothing or textile sector. The fabric is widely used in the household for its diverse properties. Rise in disposable income and high need for the fabric in clothing industry is anticipated to drive market progress. In addition, huge demand for the fabric among fashion designer is predicted to boost material adoption. High demand for the fabric among growing population is anticipated to surge market progress.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Kingdom
- Keshan Jinding (China)
- Huzhou Jinlongma (China)
- Xinshen Group (China)
- Haerbin Yanshou (China)
- Zhejiang Golden Eagle (China)
- Meriti Group
- Huzhou Goldrich Linen Textile (China)
- Qichun County Dongsheng Textile (China)
- Jiangsu Chunlong Flax Textile (China)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 719.3 Million in 2021 |
Market Size Value By |
US$ 2 Million by 2031 |
Growth Rate |
CAGR of 11.2% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the linen market expected to touch by 2031?
The global linen market size is expected to reach USD 2,169.47 million in 2031.
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What CAGR is the linen market expected to exhibit by 2031?
The linen market is expected to exhibit a CAGR of 11.2% by 2031.
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What are the driving factors of the linen market?
Drivers of this linen market are increased adoption of the fabric in men clothing and several dynamics of the material.
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Which are the top companies operating in the linen market?
Kingdom, Keshan Jinding, Huzhou Jinlongma, Xinshen Group, Haerbin Yanshou, Zhejiang Golden Eagle, Meriti Group, Huzhou Goldrich Linen Textile, Qichun County Dongsheng Textile, and Jiangsu Chunlong Flax Textile are the top companies operating in the linen market.