Recycled Textiles Market to Exhibit a Remarkable 3.6% CAGR: Industry Share, Size, Demand, Trend, Business Growth and Forecast, 2027

Reduced CO2 emissions and water & energy consumption and rise in awareness amongst consumers and manufacturers fuel the growth of the global recycled textiles market. Based on type, the recycled polyester segment held the major share in 2019. Based on region, on the other hand, Asia-Pacific garnered the major share in the same year.

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The recycled polyester segment held nearly half of the total market revenue in 2019, and is expected to lead the global recycled textile market by 2027. On the other hand, the recycled nylon segment is expected to exhibit the fastest CAGR of 4.0% from 2020 to 2027.

COVID-19 impact analysis:

The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The recycled textiles market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the recycled textiles market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the recycled textiles market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.

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Asia-Pacific was responsible for the highest share in 2019, contributing to more than one-third of the global recycled textile market. On the other hand, North America would manifest the fastest CAGR of 4.1% from 2020 to 2027. The report also covers the market of North America and Europe.

The key market players analyzed in the global recycled textiles market report include Chindi, Kishco Group, Leigh Fibers Inc., Anandi Enterprises, Khaloom, Usha Yarns Ltd., Hyosung TNC Co. Ltd., Martex Fiber, Otto Garne, and Renewcell AB. These market players have taken recourse to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

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