The global textile yarn market is projected to reach USD 18.5 billion by 2028 from USD 14.4 billion by 2023, at a CAGR of 5.1% during the forecast period in terms of value. The market has witnessed significant growth and established its dominance in the global textile industry. With the ever-increasing demand for textiles and a variety of applications, the market has experienced a surge in production and consumption of yarns. According to OECD, Asia’s share of total middle-class consumer spending worldwide will be 42% by 2020, which may rise to 59% by 2030. Thus, as the middle-class population expands and consumer spending power rises, individuals have more disposable income to spend on various goods, including textiles and clothing. This increased purchasing power directly translates into higher demand for textile products, which, in turn, drives the demand for textile yarns.