Recycled Textiles Market Growth Trends: Key Developments, Business Demand and Opportunities Forecast to 2027

The global recycled textiles market is on the rise, fueled by a reduction in CO2 emissions and water/energy consumption, as well as increased awareness among consumers and manufacturers. According to Allied Market Research, the market was valued at $5.6 billion in 2019 and is projected to reach $7.6 billion by 2027, with a compound annual growth rate (CAGR) of 3.6% from 2020 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (𝟏𝟗𝟒 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬): https://www.alliedmarketresearch.com/request-sample/6101

Recycled polyester dominates the market, holding a significant share in 2019, while Asia-Pacific emerged as the leading region during the same period. Despite the positive trends, challenges such as high processing costs and lower quality of recycled textiles hinder growth. However, technological advancements in the recycling process are expected to open up lucrative opportunities.

The COVID-19 pandemic initially disrupted the market due to international trade bans and lockdowns. Still, with governments easing restrictions, the market is poised for recovery.

The market is segmented by type, end-user industry, and region. Recycled polyester remains a dominant player, contributing to nearly half of the total market revenue in 2019, while recycled nylon is expected to exhibit the fastest CAGR of 4.0%.

In terms of end-user industries, the retail segment held over two-fifths of the market share in 2019 and is projected to lead by 2027. Meanwhile, the automotive segment is anticipated to experience the fastest CAGR of 5.7% from 2020 to 2027.

Geographically, Asia-Pacific led in 2019, accounting for more than one-third of the global market, while North America is expected to show the fastest CAGR of 4.1% from 2020 to 2027.

Key market players 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 players have employed various strategies, such as partnerships, expansions, collaborations, and joint ventures, to establish themselves in the industry.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/recycle-textile-market

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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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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