Recycled Textile Market Growth Steady at 6.2% CAGR to Reach US$ 9,365.04 Billion by 2027

Recycled Textile Market Size, Share, Growth, Industry Trends study provides details about the market dynamics affecting the market, Market scope, Market segmentation, and overlays shadow upon the leading market players highlighting the advantageous competitive landscape and trends prevailing over the years. Recycled Textile market report also provides a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Recycled Textile market to offer worthwhile insights and current scenario for making the right decision.

The recycled textile market was valued at US$ 5,855.39 million in 2019 and is projected to reach US$ 9,365.04 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027.

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The Segments and Sub-Section of Recycled Textile Market are shown below:

By Type (Recycled Cotton, Recycled Wool, Recycled Polyester, Recycled Nylon, and Others)

By End-user Industry (Automotive, Retail, Mining, and Others)

Market Insights

Rising Concerns Related to Disposal of Textile Waste

The textile manufacturing mechanism is considered to be one of the chemical intensive processes which generate a high volume of textile waste throughout its operations. The textile waste may be segregated into two groups, pre-consumer textile waste and post-consumer textile. The rise in amount of textile waste creates a burden on environment and generates the problem of effective disposal or incineration on existing landfills. According to an estimate, approximately 10-20% of all unused textile products are considered to be wasted. For instance, according to US EPA, in 2015, a total of 15.75 million tons of textiles were generated as municipal solid waste, of which 19% were incinerated, while 65 percent, ended in landfills. Further, a report by U.S. Environmental Protection Agency suggests that production and disposal of textiles results into greenhouse gas emissions. Further, the process of incineration emits organic substances such as heavy metals, dioxins, acidic gases and dust particles, which are considered as harmful to both humans and the environment. Also, the disposing of residual ash has also become a serious issue as it also contains a high concentration of toxic material. Hence, it is quite imperative to effectively manage of textile waste through reuse or recycling methods, which could promote environment sustainability. Under such situations, recycling of textile waste is considered to be a viable alternative, which helps to reduce burden on natural resource, minimizes the need for landfill space and helps in saving energy. Moreover, the stringent government legislations regulating the effective management of textile waste are potentially aimed to promote the use of textile recycling as a sustainable alternative to treat the impending problem related to waste.

Type Insights

Based on type, the recycled textile market is segmented into recycled cotton, recycled wool, recycled polyester, recycled nylon, and others. The recycled nylon segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. Recycled nylon is made from industrial plastics, waste fibers, discards from weaving mills, and post-consumer fishing nets. They are regenerated into new nylon, which has the same quality as that of virgin nylon. Nylon bags, nylon fabrics, and nylon carpets are also converted into recycled nylon for further use. A large proportion of the recycled nylon comes from the fishing nets. It acts as a great solution to divert ocean garbage. Recycling nylon is an expensive process as compared to nylon, but it offers many environmental benefits. By recycling nylon, one can eliminate discards and reduce the amount of greenhouse gas emissions from manufacturing. It lessens the dependence on petroleum as a raw material source. Using recycled nylon also helps in promoting new recycling streams for nylon products that are no longer in use. Most mechanically recycled materials are melted at high temperatures that end up destroying contaminants and transform the materials into reusable forms. Nylon melts at low temperatures while recycling, leaving the contaminants behind. Therefore, nylon requires to be carefully cleaned before recycling.

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End-User Industry Insights

Based on end-user industry, the recycled market is segmented into automotive, retail, mining and others. The automotive segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. Recycled textiles used in the automotive industry and have a large contribution in the production of automobile components. The use of recycled textiles in automotive applications includes visible components like floor coverings, upholstery, safety belts, and not visible to viewers recycled textiles like tubes and tapes, tyre cord, airbags components, and fibers. Recycled textiles are used in automotive industry owing to their tensile strength, abrasion, air permeability, compression resistance, elasticity, ease of cleaning, flame resistance and resistance to dynamic climatic conditions. Recycled cotton is used in seat stuffing or automotive insulation.

The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Recycled Textile market revenue by understanding the strategic growth approaches.

Leading Recycled Textile Market Players:

Anandi Enterprises
Chindi
Khaloom Textile India Pvt. Ltd.
Kishco Group
Usha Yarns Limited
Hyosung Corporation
Leigh Fibers Inc.
Martex Fiber Southern Corporation
Renewcell AB
Boer Group

Recycled Textile market - Global Analysis to 2028 is an exclusive and in-depth study which provides a comprehensive view of the market includes the current trend and future amplitude of the market with respect to the products/services. This report provides qualified research on the market to evaluate the key players by calibrating all the relevant products/services to understand the positioning of the major players in Recycled Textile market.

The report is a combination of qualitative and quantitative analysis of the virtual reality industry. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.

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This Study Report Offers Following Objectives:

Conjecture and examination of the worldwide Recycled Textile market deals, share, worth, status and figure
Break down the local just as nation level portions, share development for Global Recycled Textile
Investigation of Global Recycled Textile industry-driving makers/players.
Characterize and investigate the market rivalry scene, SWOT examination.
Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.
Examination of the Recycled Textile market by Type, by Application/end clients and district insightful.
Estimate and investigation of the Global Recycled Textile Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.
Investigate the critical driving elements, patterns which confine market development.
Portray the partner's chances in the market by recognizing the high development fragments.

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