The recycled textile market was valued at US$ 5,855.39 million in 2019 and is projected to reach US$ 9,365.04 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027.
Recycled textile is old clothing or other unused textile that can be recovered for reuse or material recovery. In recent years, there have been rising concerns related to the disposal of textile waste across the globe which may negatively impact the environment. The demand for recycled textile is rising across the globe with a surge in demand from several end use industries including garments, fabrics automotive and others. Manufacturers recycle the used textile into better product, which could be used across diversified end use industries, have adopted several technologies. The recycling of resources can mainly be done with the help of thermal, mechanical and chemical techniques.
Europe has become a significant Recycled Textile market for the recycled textile on account of rising government initiatives in the region. Moreover, the growing demand of recycled textile products among the automotive industry provides a lucrative opportunity for the recycled textile market players operating in the market. Increase in the purchasing power coupled with changing lifestyle is one of the major driving factors for textile market growth in Europe region. In Europe nearly 15% of consumer-used clothing is recycled, while more than 75% of pre-use clothing is recycled by the manufacturers for industrial uses. The demand for the recycled textile in the Europe is growing at a highest pace over the past few years. The recycled textile producers are focusing on countries such as Germany, United Kingdom etc. which has led to a huge demand for recycled textile in the Europe region. Rising consumer focus towards a circular textiles economy is also expected to boost the market growth in the region to a greater extent.
The US, Brazil, India, Russia, South Africa, Mexico, Spain, and the UK are among the most affected countries in terms of confirmed cases and reported deaths as of August 2020. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry are one of the major industries suffering serious disruptions such as supply chain breaks, disruptions in manufacturing due to COVID-19 outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories in China and leading regions such as Asia Pacific and Europe are affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have greatly affected the global recycled textile market.
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Recycled Textile Market: Strategic Insights
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Recycled Textile Market: Strategic Insights
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Market Insights
Rising Concerns Related to Disposal of Textile Waste
The textile manufacturing mechanism is considered to be one of the chemical intensive processes which generate a high volume of textile waste throughout its operations. The textile waste may be segregated into two groups, pre-consumer textile waste and post-consumer textile. The rise in amount of textile waste creates a burden on environment and generates the problem of effective disposal or incineration on existing landfills. According to an estimate, approximately 10–20% of all unused textile products are considered to be wasted. For instance, according to US EPA, in 2015, a total of 15.75 million tons of textiles were generated as municipal solid waste, of which 19% were incinerated, while 65 percent, ended in landfills. Further, a report by U.S. Environmental Protection Agency suggests that production and disposal of textiles results into greenhouse gas emissions. Further, the process of incineration emits organic substances such as heavy metals, dioxins, acidic gases and dust particles, which are considered as harmful to both humans and the environment. Also, the disposing of residual ash has also become a serious issue as it also contains a high concentration of toxic material. Hence, it is quite imperative to effectively manage of textile waste through reuse or recycling methods, which could promote environment sustainability. Under such situations, recycling of textile waste is considered to be a viable alternative, which helps to reduce burden on natural resource, minimizes the need for landfill space and helps in saving energy. Moreover, the stringent government legislations regulating the effective management of textile waste are potentially aimed to promote the use of textile recycling as a sustainable alternative to treat the impending problem related to waste.
Type Insights
Based on type, the recycled textile market is segmented into recycled cotton, recycled wool, recycled polyester, recycled nylon, and others. The recycled nylon segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. Recycled nylon is made from industrial plastics, waste fibers, discards from weaving mills, and post-consumer fishing nets. They are regenerated into new nylon, which has the same quality as that of virgin nylon. Nylon bags, nylon fabrics, and nylon carpets are also converted into recycled nylon for further use. A large proportion of the recycled nylon comes from the fishing nets. It acts as a great solution to divert ocean garbage. Recycling nylon is an expensive process as compared to nylon, but it offers many environmental benefits. By recycling nylon, one can eliminate discards and reduce the amount of greenhouse gas emissions from manufacturing. It lessens the dependence on petroleum as a raw material source. Using recycled nylon also helps in promoting new recycling streams for nylon products that are no longer in use. Most mechanically recycled materials are melted at high temperatures that end up destroying contaminants and transform the materials into reusable forms. Nylon melts at low temperatures while recycling, leaving the contaminants behind. Therefore, nylon requires to be carefully cleaned before recycling.
End-User Industry Insights
Based on end-user industry, the recycled market is segmented into automotive, retail, mining and others. The automotive segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. Recycled textiles used in the automotive industry and have a large contribution in the production of automobile components. The use of recycled textiles in automotive applications includes visible components like floor coverings, upholstery, safety belts, and not visible to viewers recycled textiles like tubes and tapes, tyre cord, airbags components, and fibers. Recycled textiles are used in automotive industry owing to their tensile strength, abrasion, air permeability, compression resistance, elasticity, ease of cleaning, flame resistance and resistance to dynamic climatic conditions. Recycled cotton is used in seat stuffing or automotive insulation.
Anandi Enterprises, Chindi, Khaloom Textile India Pvt. Ltd., Kishco Group, amongst others are the key players present in the global recycled textile market. These companies are implementing new product development and mergers and acquisition strategies to enlarge the customer base and gain significant market share across the world, which, in turn permit the players to maintain their brand name globally.
Recycled Textile Market Regional Insights
The regional trends and factors influencing the Recycled Textile Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Recycled Textile Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Recycled Textile Market Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 5.86 Billion |
| Market Size by 2027 | US$ 9.37 Billion |
| Global CAGR (2019 - 2027) | 6.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Recycled Textile Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Recycled Textile Market are:
- Chindi
- Khaloom Textile India Pvt. Ltd
- Kishco Group
- Usha Yarns Limited
- Anandi Enterprise
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Recycled Textile Market top key players overview
Report Spotlights
- Progressive industry trends in the global recycled textile market help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global recycled textile market from 2017 to 2027
- Estimation of global recycled textile demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and global recycled textile demand
- Market trends and outlook coupled with factors driving and restraining the growth of the global recycled textile market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global recycled textile market growth
- Global recycled textile market size at various nodes of market.
- Detailed overview and segmentation of the global recycled textile market, as well as its dynamics in the industry
- Global recycled textile market size in various regions with promising growth opportunities
Global Recycled Textile Market, by Type
- Recycled Cotton
- Recycled Wool
- Recycled Polyester
- Recycled Nylon
- Others
Global Recycled Textile Market, by End-User Industry
- Automotive
- Retail
- Mining
- Others
Company Profiles
- Anandi Enterprises
- Chindi
- Khaloom Textile India Pvt. Ltd.
- Kishco Group
- Usha Yarns Limited
- Hyosung Corporation
- Leigh Fibers Inc.
- Martex Fiber Southern Corporation
- Renewcell AB
- Boer Group
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , End-user Industry and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Rising concerns related to the disposal of textile waste across the globe which may negatively impact the environment. The textile manufacturing mechanism is considered to be one of the chemical-intensive processes which generate a high volume of textile waste throughout its operations. The textile waste may be segregated into two groups, pre-consumer textile waste and post-consumer textile. The rise in amount of textile waste creates a burden on environment and generates the problem of effective disposal or incineration on existing landfills. According to an estimate, approximately 10–20% of all unused textile products are considered to be wasted. For instance, according to US EPA, in 2015, a total of 15.75 million tons of textiles were generated as municipal solid waste, of which 19% were incinerated, while 65 percent, ended in landfills.
Based on end user industry, the global recycled textiles market is segmented into automotive, retail, mining and others. The worldwide production of apparel and textile fibers has increased, owing to the tremendous rise in the global population. This has resulted in the generation of a high amount of textile wastes. In order to ensure sustainability and reduce the environmental impact, the textile and retail sectors have resorted to the recycling of textiles, which is a method of reusing and reprocessing used clothing, fibrous material, and clothing scraps from the manufacturing processes. Unwearable textiles are treated as damaged textiles and are processed in the factories as rags. The rags are collected and sent to the flocking and wiping industries.
The recycled nylon emerged as the fastest growing segment in the global market. Recycled nylon is made from industrial plastics, waste fibers, discards from weaving mills, and post-consumer fishing nets. They are regenerated into new nylon, which has the same quality as that of virgin nylon. Nylon bags, nylon fabrics, and nylon carpets are also converted into recycled nylon for further use. A large proportion of the recycled nylon comes from the fishing nets. It acts as a great solution to divert ocean garbage.
On the basis of type, the recycled textiles market is categorized into recycled cotton, recycled wool, recycled polyester, recycled nylon and others. In 2019, the recycled polyester segment dominated the market by accounting for 33.0% of the total market share. Over the period of the time, it has been observed that the consumption of polyester has been increased, which has perpetually increased the amount of waste. This propels the need to recycle polyester which helps to save energy and promote environment sustainability. Further, the textile produced from recycled polyester has the potential of being recycled repeatedly without posing any effect on the quality of the material. Also, the use of recycled polyester eliminates the dependency on petroleum as a raw material for the manufacture of fabrics. The manufactures involved in the business of recycled textiles mainly use closed-loop processes to refine old polyester into raw materials used for the production of new garments and other items.
The major players operating in the global recycled textile market are companies such as Gebrueder Otto Gmbh and Co. kg, Leigh Fibers Inc., Martex Fiber Southern Corp, Re NewcellAB, and Khaloom Textiles India Pvt. Ltd.
During the forecast period, Asia Pacific is anticipated to account for the largest share in the global recycled textile market, followed by Europe. The largest market share of the Asia Pacific region is primarily attributable to the growth of recycled textile market in China and the country currently holds 28.0% market share in Asia Pacific region. Fashion is the second most polluting industry in operation internationally, and the increasing pollution concerns in China has also influenced the recycled textile industry in the country. Rapid urbanization coupled with shift in lifestyle and rise in disposable income amongst consumer have altogether driven the demand for textile, leading to rise in amount of textile waste in the region. Hence, recycling of textile waste has been adopted as a suitable alternative amongst developed and developing economies of the region to keep in line with objective of environment sustainability.
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The List of Companies - Recycled Textile Market
- Chindi
- Khaloom Textile India Pvt. Ltd
- Kishco Group
- Usha Yarns Limited
- Anandi Enterprise
- Boer Group
- Hyosong Corporation
- Leigh Fibers Inc.
- Martex Fiber Southern Corporation
- Renewcell AB
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