Recycled Textiles Market Outlook Industry Size and Growth Forecast for 2027

According to a report by Allied Market Research, the global recycled textiles market was valued at $5.6 billion in 2019 and is projected to reach $7.6 billion by 2027, growing at a CAGR of 3.6% from 2020 to 2027. The report provides an in-depth analysis of investment opportunities, strategies, market drivers, challenges, and trends.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/6101

Key drivers for market growth include reduced CO2 emissions, lower water and energy consumption, and increased awareness among consumers and manufacturers. However, high processing costs and lower quality of recycled textiles pose challenges. Technological advancements in recycling are expected to create lucrative opportunities in the industry.

Covid-19 Impact:
The initial phase of the pandemic disrupted international trade and caused lockdowns, affecting the recycled textiles market. However, relaxations by governments are expected to help the market recover.

Market Segmentation:

By Type:

Recycled Polyester: Contributed nearly half of the total market revenue in 2019 and is expected to dominate by 2027.
Recycled Nylon: Anticipated to grow at the fastest CAGR of 4.0% during the forecast period.

By End-User Industry:

Retail: Accounted for more than 40% of the market share in 2019 and is projected to maintain its lead by 2027.
Automotive: Expected to grow at the fastest CAGR of 5.7% from 2020 to 2027.

By Region:

- Asia-Pacific: Held over one-third of the global market share in 2019.
- North America: Expected to grow at 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 employ strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their market position.

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

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

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.

This release was published on openPR.