Press release
Recycled Fibers Market Growing at 7.3% CAGR To Reach US$ 52.74 Billion From 2025 to 2034
Recycled Fibers Market
"Recycled Fibers Market Size, Share, Trends, & Industry Analysis Report: By Material (Synthetic Recycled Fibers and Natural Recycled Fibers), By End Use, and By Region - Market Forecast, 2025-2034."
The report analyzes the market to register a compound annual growth rate (CAGR) of 7.3% during 2025-2034. The market was valued at USD 26.12 billion in 2024 and is projected to grow to USD 52.74 billion by 2034.
Market Introduction:
Recycled fibers are textile materials derived from previously used or discarded fabrics, garments, or industrial textile waste. These materials are processed and reused in the production of new fabrics or products. The recycling process involves collecting, sorting, cleaning, and mechanically or chemically processing the materials to extract usable fibers. Common recycled fibers include cotton, polyester, wool, and nylon. Recycled fibers contribute to significant environmental benefits by enabling the use of materials that would otherwise end up in landfills. These fibers are increasingly being used in the fashion, automotive, home furnishings, and construction industries.
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Market Dynamics:
Advancements in Recycling Processes:
The introduction of advanced techniques like chemical recycling, advanced mechanical processing, and fiber regeneration technologies have led to significant improvements in the quality, strength, and versatility of recycled fibers. These improvements allow recycled fibers to meet or exceed the performance standards of virgin fibers. That way, these fibers are suitable for a wider range of high-value applications.
Rising Adoption in Textile and Apparel Industry:
The rapid growth of the textile and apparel industry, along with the growing adoption of recycled fibers, is driving market expansion. Recycled fibers are increasingly being adopted by fashion retailers seeking to lower their environmental footprint while maintaining design and quality standards. In addition, the fast-paced nature of the textile industry encourages the use of cost-effective and scalable raw materials, making recycled fibers an attractive option.
Market Key Players:
The major market participants are leveraging advanced technologies and strategic investments to strengthen their positions.
A few of the major market participants include:
• Aditya Birla Management Corporation Pvt. Ltd.
• BLS Ecotech Ltd
• Boer Group
• Carbios
• CuRe Technology
• Ecotex Gesellschaft für Textilverwertung und Handel GmbH
• Evrnu
• HYOSUNG
• Indorama Ventures Public Company Limited
• Lenzing AG
• Patagonia, Inc.
• Procotex
• Recover Textile Systems, S.L.
• Reliance Industries Limited
• UNIFI, Inc.
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Recycled Fibers Market Report Highlights:
• In terms of material, the synthetic recycled fibers segment held the largest recycled fibers market share in 2024, driven by its versatile applications in textiles, automotive, and construction industries.
• Based on end use, the automotive segment is projected to experience the highest growth rate in the coming years, driven by increasing industry emphasis on lightweight, eco-friendly, and economically viable materials for vehicle production.
• In 2024, Asia Pacific accounted for the largest revenue share of the market, supported by its robust manufacturing sector, growing textile industry, and government emphasis on sustainability.
• North America is expected to experience the fastest market growth, propelled by stringent environmental regulations, higher recycling targets, and strong consumer preference for eco-friendly products.
Segmental Analysis:
By Material Outlook (Revenue, USD Billion, 2020-2034)
• Synthetic Recycled Fibers
• Natural Recycled Fibers
By End Use Outlook (Revenue, USD Billion, 2020-2034)
• Textile & Apparel
• Automotive
• Construction
• Others
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Regional Assessment:
The report provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific led the global market in 2024. The regional market dominance is attributed to its strong manufacturing base and expanding textile industry. The growing government focus on sustainable practices further contributes to the regional market dominance.
North America is projected to witness the fastest growth from 2025 to 2034. This is primarily due to strict environmental regulations and increased recycling targets. In addition, increased consumer demand for sustainable products drives robust market growth in the region.
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