Recycled Textiles Market Worth $7.6 Billion by 2027 | An Exclusive Study on Upcoming Trends and Growth Opportunities

Based on region, 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.

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Allied Market Research published a new report, titled, "Global Recycled Textiles Market by Type (Recycled Cotton, Recycled Wool, Recycled Polyester, Recycled Nylon, and Others), and End-user Industry (Automotive, Retail, Mining, Building & Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Increase in the global adoption of textile due to rise in population and the lower cost of recycled textile propel the global recycled textile market growth. Benefits including wastewater saving and energy saving drive the market. However, lack of consumer awareness, lack of equipment, and higher processing costs hinder the market growth.

This makes it important to understand the practical implications of the Recycled textiles market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.

As per the report published by Allied Market Research, the global recycled textile market generated $5.6 billion in 2019 and is expected to reach $7.6 billion by 2027, growing at a CAGR of 3.6% from 2020 to 2027.

KEY MARKET PLAYERS:

The report provides the SWOT analysis of the key market players including KHALOOM TEXTILES INDIA PVT. LTD., MARTEX FIBER SOUTHERN CORP., RE:NEWCELL AB, ANANDI ENTERPRISES, GEBRUEDER OTTO GMBH & CO. KG, LEIGH FIBERS INC. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.

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Based on type, 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.

NEED FOR THE REPORT:

The current situation of pandemic makes it very important for the stakeholders in the Recycled textiles market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.

Based on the end-user industry, the retail segment contributed to more than two-fifths of the total market share in 2019, and is predicted to lead by the end of 2027. The automotive segment, however, would manifest the fastest CAGR of 5.7% from 2020 to 2027.

KEY OFFERINGS OF THE REPORT:

Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.

Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.

Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.

Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.

Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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