Recycled Textiles Market: Analysis of Industry Growth Opportunities, Trends, and Forecasts 2027

The global recycled textiles market is experiencing significant growth, driven by increasing awareness among consumers and manufacturers regarding sustainability. The reduction of CO2 emissions, along with decreased water and energy consumption, further fuels this trend. In 2019, the market was valued at $5.6 billion and is projected to reach $7.6 billion by 2027, achieving a CAGR of 3.6% from 2020 to 2027, according to a report by Allied Market Research.

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

Market Insights

Market Segmentation:

- By Type: The recycled polyester segment dominated the market in 2019, accounting for nearly half of the total revenue. This trend is expected to continue through 2027, with the recycled nylon segment projected to grow at the fastest rate of 4.0% during the forecast period.

- By End-User Industry: The retail sector held over two-fifths of the market share in 2019 and is anticipated to maintain its lead by 2027. Meanwhile, the automotive industry is expected to grow at the fastest CAGR of 5.7% from 2020 to 2027.

- By Region: Asia-Pacific captured the largest share in 2019, generating more than one-third of the global market. However, North America is projected to exhibit the highest growth rate, with a CAGR of 4.1% from 2020 to 2027.

Challenges and Opportunities:

While the recycled textiles market is thriving, it faces challenges such as high processing costs and the perception of lower quality in recycled products. However, ongoing technological advancements in recycling processes are expected to open new lucrative opportunities for growth.

Key Market Players

Prominent players in the recycled textiles industry include:

- Chindi
- Kishco Group
- Leigh Fibers Inc.
- Anandi Enterprises
- Khaloom
- Usha Yarns Ltd.
- Hyosung TNC Co. Ltd.
- Martex Fiber
- Otto Garne
- Renewcell AB

These companies are actively employing strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their positions in the market.

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

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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.