What is Global Recycled Yarn Market?
The Global Recycled Yarn Market is a fascinating and rapidly evolving sector that focuses on the production and distribution of yarn made from recycled materials. This market is a response to the increasing global demand for sustainable and eco-friendly products. The recycled yarn is produced from discarded textiles, plastic bottles, and waste materials, which are processed and spun into new yarn. This process not only reduces waste but also saves energy and resources compared to traditional yarn production methods. The recycled yarn market is a part of the larger textile industry and includes various types of yarn such as recycled PET yarn, recycled cotton yarn, and recycled nylon yarn.
Recycled PET Yarn, Recycled Cotton Yarn, Recycled Nylon Yarn in the Global Recycled Yarn Market:
Recycled PET Yarn is made from recycled polyethylene terephthalate (PET), commonly found in plastic bottles. This type of yarn is durable, resistant to water and UV rays, making it suitable for outdoor and sportswear. Recycled Cotton Yarn, on the other hand, is made from post-industrial and post-consumer cotton waste. It is soft, breathable, and highly absorbent, making it ideal for clothing and home textiles. Lastly, Recycled Nylon Yarn is made from discarded nylon products. It is strong, elastic, and resistant to abrasion, making it perfect for swimwear, activewear, and hosiery. These different types of recycled yarns cater to a wide range of applications and consumer needs, contributing to the growth of the Global Recycled Yarn Market.
Carpet, Clothing, Car, Building, Other in the Global Recycled Yarn Market:
The Global Recycled Yarn Market finds its usage in various sectors such as carpet, clothing, car, building, and others. In the carpet industry, recycled yarn is used to produce eco-friendly and durable carpets. The clothing industry uses recycled yarn to manufacture sustainable and comfortable garments. In the automotive sector, recycled yarn is used in the production of car interiors, seat covers, and other components. The building industry uses recycled yarn in the production of insulation materials, geotextiles, and other construction materials. Other uses of recycled yarn include making reusable shopping bags, home textiles, and industrial fabrics. The versatility and eco-friendly nature of recycled yarn make it a popular choice in these sectors.
Global Recycled Yarn Market Outlook:
Looking at the market outlook, in 2022, the Global Recycled Yarn Market was valued at a significant US$ 4391.8 million. The market is expected to experience a steady growth, with projections indicating that by 2029, it could reach a value of US$ 5500.7 million. This suggests a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period from 2023 to 2029. This steady growth can be attributed to the increasing awareness and demand for sustainable and eco-friendly products among consumers. The market's growth is also driven by technological advancements in recycling processes and the support of government policies promoting sustainability.
| Report Metric | Details |
| Report Name | Recycled Yarn Market |
| Accounted market size in 2023 | US$ 4553.4 million |
| Forecasted market size in 2029 | US$ 5500.7 million |
| CAGR | 3.2 |
| Base Year | 2023 |
| 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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| Sales 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 |
