What is Global Recycle Yarn Market?
The Global Recycle Yarn Market is an expansive and dynamic sector that focuses on the production and distribution of yarn made from recycled materials. This market is a response to the growing need for sustainable and eco-friendly alternatives in the textile industry. The yarn produced in this market is made from various recycled materials such as PET bottles, discarded clothing, and waste from textile industries. The process involves collecting these materials, sorting them based on their type and color, and then transforming them into yarn through a series of mechanical and chemical processes. This yarn is then used to produce a wide range of products, from clothing to carpets, offering a sustainable alternative to traditional yarn. The Global Recycle Yarn Market is not just about producing eco-friendly products; it's also about reducing waste, conserving resources, and contributing to a circular economy where waste is minimized and resources are used in a more efficient and sustainable manner.
Recycled PET Yarn, Recycled Cotton Yarn, Recycled Nylon Yarn in the Global Recycle Yarn Market:
The Global Recycle Yarn Market is segmented into three main product types: Recycled PET Yarn, Recycled Cotton Yarn, and Recycled Nylon Yarn. Recycled PET Yarn is made from recycled polyethylene terephthalate (PET) bottles. This type of yarn is durable, resistant to wrinkles, and has a similar feel to traditional polyester yarn. Recycled Cotton Yarn is made from discarded cotton clothing and textile waste. This yarn is soft, breathable, and ideal for producing comfortable clothing. Recycled Nylon Yarn is made from discarded nylon products such as fishing nets and carpets. This type of yarn is strong, elastic, and resistant to abrasion, making it suitable for producing durable products such as carpets and upholstery. Each of these product types offers a unique set of properties, making them suitable for different applications.
Carpet, Clothing, Car, Building, Others in the Global Recycle Yarn Market:
The Global Recycle Yarn Market finds its application in various sectors such as Carpet, Clothing, Car, Building, and Others. In the Carpet sector, recycled yarn is used to produce eco-friendly carpets that are durable and easy to maintain. In the Clothing sector, recycled yarn is used to produce a wide range of clothing items, from casual wear to high-end fashion. This not only reduces the environmental impact of the clothing industry but also offers consumers a sustainable choice. In the Car sector, recycled yarn is used to produce car interiors such as seat covers and floor mats. In the Building sector, recycled yarn is used to produce insulation materials and other building materials. The Others sector includes various other applications such as home textiles, industrial textiles, and more.
Global Recycle Yarn Market Outlook:
The Global Recycle Yarn Market is a rapidly growing sector with a promising future. In 2022, the market was valued at US$ 4391.8 million and is expected to reach US$ 6769.5 million by 2029, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period 2023-2029. China is the largest market for recycled yarn, accounting for about 60% of the global market. The United States follows China with a market share of about 15%. In terms of product types, Recycled PET Yarn is the largest segment, accounting for about 67% of the market. This data indicates the growing demand for recycled yarn and the potential for growth in this market.
| Report Metric | Details |
| Report Name | Recycle Yarn Market |
| Accounted market size in 2022 | US$ 4391.8 in million |
| Forecasted market size in 2029 | US$ 6769.5 million |
| CAGR | 6.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Martex Fiber, Unifi, Patagonia, Patrick Yarn Mill, Ecological Textiles, Hilaturas Ferre, Haksa Tekstil, Filatures Du Parc, Radici Partecipazioni SpA, APM INDUSTRIES, Pashupati Polytex, HYOSUNG, Nilit, LIBOLON, Far Eastern New Century Corporation, Haili Group, Cixi Xingke chemical fiber, Longfu Recycling Energy Scientech, Zhejiang Jiaren New Materials, Shandong Grand New Material Technology, Cixi Santai Chemical Fibre, Zhonglang Group, Hangzhou Huaerli Chemical Fiber |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
