Press release
Recycled Textiles Market Surviving the Shift Future-Proofing Your Business with Market Size Insights
According to a report published by Allied Market Research, the global recycled textiles market reached $5.6 billion in 2019 and is expected to reach $7.6 billion by 2027, with a compound annual growth rate (CAGR) of 3.6% from 2020 to 2027. The report offers a comprehensive analysis of various aspects such as investment opportunities, strategies, drivers, market size, competitive landscape, and evolving trends.
Download Sample PDF (194 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/6101
The growth of the global recycled textiles market is primarily driven by factors such as reduced CO2 emissions, decreased water and energy consumption, and increased awareness among consumers and manufacturers. However, challenges such as high processing costs and lower quality of recycled textiles hinder the market growth to some extent. Nonetheless, advancements in recycling technologies are expected to create lucrative opportunities in the industry.
The initial phase of the COVID-19 pandemic caused disruptions in international trade and imposed worldwide lockdowns, impacting the global recycled textiles market. However, with governments easing restrictions and implementing relaxations, the market is expected to recover gradually.
The recycled polyester segment accounted for nearly half of the total market revenue in 2019 and is projected to maintain its dominance by 2027. Meanwhile, the recycled nylon segment is expected to grow at the fastest CAGR of 4.0% during the forecast period.
In terms of end-user industries, the retail segment held the largest market share in 2019 and is expected to continue leading the market by 2027. Conversely, the automotive segment is anticipated to witness the fastest growth with a CAGR of 5.7% from 2020 to 2027.
Geographically, Asia-Pacific dominated the market in 2019, contributing more than one-third of the global recycled textiles market. However, North America is expected to exhibit the fastest CAGR of 4.1% from 2020 to 2027. The report also provides insights into the markets of North America and Europe.
Key market players analyzed in the report 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 adopted various strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their presence in the industry.
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.
Download Sample PDF (194 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/6101
The growth of the global recycled textiles market is primarily driven by factors such as reduced CO2 emissions, decreased water and energy consumption, and increased awareness among consumers and manufacturers. However, challenges such as high processing costs and lower quality of recycled textiles hinder the market growth to some extent. Nonetheless, advancements in recycling technologies are expected to create lucrative opportunities in the industry.
The initial phase of the COVID-19 pandemic caused disruptions in international trade and imposed worldwide lockdowns, impacting the global recycled textiles market. However, with governments easing restrictions and implementing relaxations, the market is expected to recover gradually.
The recycled polyester segment accounted for nearly half of the total market revenue in 2019 and is projected to maintain its dominance by 2027. Meanwhile, the recycled nylon segment is expected to grow at the fastest CAGR of 4.0% during the forecast period.
In terms of end-user industries, the retail segment held the largest market share in 2019 and is expected to continue leading the market by 2027. Conversely, the automotive segment is anticipated to witness the fastest growth with a CAGR of 5.7% from 2020 to 2027.
Geographically, Asia-Pacific dominated the market in 2019, contributing more than one-third of the global recycled textiles market. However, North America is expected to exhibit the fastest CAGR of 4.1% from 2020 to 2027. The report also provides insights into the markets of North America and Europe.
Key market players analyzed in the report 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 adopted various strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their presence in the industry.
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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
