Fairfield Market Research Recycled Yarn Market Size to Reach US$6.5 Bn By 2023

Recycled Yarn Market

Global Recycled Yarn Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Application Coverage, By Geographic Coverage and Leading Companies)

Published Date: Sep 2023 | Format: | No. of Pages: 230

Industry: Chemicals & Materials


Request Sample Request Customization

Global Recycled Yarn Market Forecast

  • Global recycled yarn market valuation to reach US$6.5 Bn by 2023-end
  • Recycled yarn sales to account for a significant CAGR of 7% during 2023 - 2030

Market Analysis in Brief

The demand for eco-friendly products and the rising public awareness of environmental issues have greatly accelerated the use of recycled yarn. Products that reduce waste and support circular economy principles are becoming increasingly popular as consumers become more aware of their environmental impact. Recycled yarn, made from post-consumer or post-industrial waste, provides a practical response to these issues by lowering the need for virgin resources and preventing textile waste from ending in landfills. Because the fashion and textile industry recognises its environmental impact, customer behaviour, and industry procedures have changed. Sustainable supply chain strategies are becoming increasingly important to manufacturers and brands. Recycled yarn fits these goals, enabling businesses to provide goods that appeal to environmentally concerned customers and show their dedication to ethical production. Implementing sustainable fashion methods and laws has further accelerated this trend, fueling demand for recycled yarn as a crucial component of sustainable product lines.

Recycled Yarn Market

In addition, technological developments in recycling methods have enhanced the quality and adaptability of recovered yarn, resolving earlier worries regarding functionality and appearance. Using cutting-edge methods, discarded textiles can be converted into premium yarns for various products, including home and fashion textiles. Because of this development, recycled yarn has a much wider range of potential uses, appealing to manufacturers and consumers.

Key Report Findings

  • The market for recycled yarn will demonstrate a significant expansion in revenue between 2023 and 2030.
  • Recycled yarn is enabling companies to produce products that appeal to customers concerned about the environment and demonstrate their commitment to ethical manufacturing.
  • Cotton yarn dominates with more than 50% market share while the largest sector, polyester yarn, will demonstrate the fastest growth by the end end of the forecast period.
  • Textile manufacturing holds a major market share, accounting for about 28% of revenue.
  • With a revenue share of over 50%, Asia Pacific is the recycled yarn industry's largest and fastest-growing market.
  • The second-largest market for recycled yarn, with a sales share of about 25%, is Europe.

Growth Drivers

Environmental Sustainability, and Circular Economy

The urgent global focus on environmental sustainability and the necessity to move to a circular economy are two major factors advancing the recycled yarn market. Consumers, corporations, and governments are giving sustainable methods that lessen the effects of industrial activity more importance as knowledge of environmental challenges grows.

To solve such issues, recycled yarn-made from post-consumer or post-industrial textile waste reduces the demand for virgin resources, conserves energy, and keeps textiles out of landfills. This motive is fueled by the realisation that the textile sector significantly contributes to waste and pollution, making using environmentally friendly alternatives a critical first step in reducing its environmental impact.

The concepts of recycling and reuse inherent in the manufacturing of recycled yarn are strongly aligned with the circular economy concept. A circular economy encourages continuous material recycling and regeneration rather than the linear "take, make, dispose off" approach, resulting in a closed loop where waste is reduced, and resources are saved. This idea is represented by recycled yarn, transforming used fabrics into fresh, useful goods.

The desire to promote a circular economy and make ecologically responsible decisions is driving an increase in demand for recycled yarn as governments establish legislation supporting sustainable practices and consumers become more aware of their purchasing choices.

Changing Consumer Preferences, and Ethical Consumption

Another important factor influencing the recycled yarn market is the evolution of consumer expectations and the rise of ethical consumption. Transparency, sustainability, and ethical sourcing are valued highly by contemporary consumers, who are increasingly looking for items that reflect their beliefs.

The popularity of recycled yarn is fueled by the need for textiles and clothing that convey a message of ethical manufacture in this market. People are actively looking for products that reduce environmental damage and support moral behavior as they become more aware of their purchases' social and environmental effects.

The recycled yarn has appeal due to its advantages for the environment and the story it tells customers. Each article of clothing made from recycled yarn tells how abandoned fabrics were transformed into usable clothing items. Customers who value items with a purpose will identify emotionally with this narrative, forging a link between the product and its sources.

The need for recycled yarn is also amplified by the growing influence of millennial and Gen Z consumers, who place a high value on sustainability and social responsibility and push firms to reflect these ideals in their products.

Growth Challenges

Quality and Performance Variability

The inherent variety in quality and performance that can result from employing different recycled material sources is one of the noteworthy limitations affecting the market for recycled yarn. The recycled yarn is made from various post-consumer or post-industrial waste products, such as used textiles, plastics, and clothes. The recycled yarn's physical and mechanical characteristics, including tensile strength, colour consistency, and texture, may vary due to the variety of the source materials. Although technological developments have enhanced the processing of recycled materials, it is still difficult to guarantee uniform quality and performance across several batches.

The quality of the recycled yarn created from recycled clothing materials can be affected by elements including the fibre mix, wear and tear, and the original textiles' dyeing procedures. Like recycled plastics, the composition and processing techniques used to turn plastic waste into yarn can affect the yarn's look and mechanical characteristics. Due to this variability, manufacturers may face difficulties in producing goods that live up to customer and industry standards and expectations.

Variations in quality and performance may impact applications for recycled yarn towards the end of its useful life. The inherent differences in recycled yarn may limit its appropriateness for some applications that call for particular performance characteristics, such as tensile strength for construction materials or colour consistency for textiles. To ensure that items match the necessary criteria, brands and manufacturers might need to invest in additional testing and quality control procedures, complicating the production process and perhaps increasing costs.

Overview of Key Segments

Cotton Yarn Sought-after with Sustained Preference for Natural Fibre

The cotton yarn segment is the largest among the recycled yarn types. This popularity can be attributable to several factors, all of which contribute to the high demand for recycled cotton yarn. Cotton is a popular natural material with a long history in the textile business. Due to qualities like breathability, comfort, and adaptability, it is a popular choice for various products, from garments to home textiles. Because recycled cotton yarn can offer eco-friendly substitutes while preserving cotton's natural properties, its demand has increased as sustainability becomes a top issue.

Furthermore, there is increased interest in sustainable alternatives due to the enormous environmental effect of conventional cotton cultivation. Pesticides are used in traditional cotton farming and other water-intensive techniques that degrade the land. By reusing post-consumer or post-industrial cotton waste, recycled cotton yarn allays these worries while saving precious resources and lowering the demand for new cotton cultivation.

With multiple strong factors, the PET yarn segment stands out as the recycled yarn market's fastest-growing category. A novel approach to the problems associated with plastic waste is provided by polyethylene terephthalate (PET) yarn, which is produced from recycled plastic bottles. The urgent need to minimise single-use plastics and the growing global concern about plastic pollution are two major factors influencing the explosive rise of PET yarn.

Industries and consumers alike are seeking ways to reuse and recycle plastic materials to turn them into useful resources, as plastic waste has become a serious environmental problem. PET yarn is a good example of this strategy because it converts used plastic bottles into useful, adaptable yarn for various textile applications.

Growing Awareness for Sustainability To Aid Market Growth

The textile manufacturing/clothing sector is the largest among the divided applications in the recycled yarn market. Consumers are increasingly looking for environmentally friendly alternatives when purchasing as public knowledge of environmental challenges and sustainable practices rises.

By reusing post-consumer or post-industrial textile waste, lowering the need for virgin materials, and keeping textile waste out of landfills, recycled yarn provides a solution that meets this requirement. This movement drives the popularity of recycled yarn in garment applications in customer preferences toward sustainability.

Within the recycled yarn market, the building and construction segment stands out as the one that is expanding the fastest thanks to several strong factors. The recycled yarn is used in building materials like ropes, nets, textiles, and reinforcement offering a creative approach to environmentally friendly construction methods. The rapidly expanding emphasis on resource efficiency and environmental responsibility in the building sector is one of the major factors causing recycled yarn to grow so quickly in this market.

Using recycled resources like yarn aligns with these goals as the building industry is pressured to lessen its carbon footprint and reduce waste output. The construction industry's regulatory frameworks and sustainability standards influence the adoption of environmentally friendly building materials. Several nations and regions have established guidelines that promote or require using recycled and sustainable materials in construction projects.

Growth Opportunities Across Regions

Asia Pacific Retains Top Spot with Rapidly Evolving Textile Industry

Asia Pacific appears as the largest segmented region in the recycled yarn market. This importance can be ascribed to several factors supporting the region's high demand for recycled yarn. First, several of the world's most populated nations are found in the Asia Pacific area, such as China, and India, which have sizable textile factories and customer bases.

As governments, businesses, and consumers work to address the environmental effects of fast fashion and textile waste, the sheer size of textile production and consumption in these nations drives the demand for sustainable alternatives, such as recycled yarn.

The Asia-Pacific region's expanding middle class and rising disposable incomes have also raised consumer awareness of environmental issues and increased consumer desire to purchase eco-friendly goods.

Consumer desire for textiles that lower the carbon and waste footprint of the business is rising as customers become more aware of the social and ecological effects of their decisions. These customers identify with recycled yarn because it offers a practical and approachable answer to their demand for sustainable fashion solutions.

Europe Surges Ahead in Line with Rising Environmental Consciousness

In the market for recycled yarn, Europe stands out as experiencing the quickest growth due to several strong factors. First, environmental and sustainability awareness has a long history in Europe. The demand for recycled yarn has increased as ethical production, and responsible consumption becomes more important to European consumers.

Recycled yarn offers a practical way for businesses and customers to embrace circular economy principles and minimise their carbon footprint. Furthermore, the adoption of recycled materials across industries has been accelerated by Europe's strict legislation and standards for sustainability, recycling, and environmentally friendly production methods.

The fashion and textile industries are no exception, with European brands and producers working to adhere to customer preferences and regulatory standards. The use of recycled yarn assists these organisations in keeping their promises to cut waste, conserve resources, and lessen adverse environmental effects.

Recycled Yarn: Competitive Landscape

Some of the leading players at the forefront in the recycled yarn space include Amerex Ecological Textiles, Unifi Manufactring, Inc., Hyosung TNC, APM Industries, LIBOLON, Martex Fiber, Patagonia, NILIT, Patrick Yarn Mill, Inc., and Haksa Tekstil.

Recent Notable Developments

Recently in 2023, Hyosung TNC, a South Korea-based company primarily engaged in the fibre business, introduced an array of its eco-friendly fibre goods at OR (Outdoor Retailer) Show 2023 held in Salt Lake City, USA. At the event, Hyosung TNC presented the Regen Ocean Nylon recycled from abandoned fishing nets, the main culprit of plastic-based pollution of the ocean; as well as the Regen Ocean Robic fibre made from Regen Ocean Nylon.

In May 2023, H&M debuted a brand-new "Conscious" line of recycled clothing. Recycled materials, such as recycled yarn, created the range. The goal of the Conscious line is to lessen H&M's environmental effect.

In April 2023, leading outdoor apparel brand Patagonia debuted its brand-new "Common Threads" recycled clothing collection. Recycled materials, such as recycled yarn, created the range. Patagonia's Common Threads collection will lessen the company's environmental effects

In March 2023, Martex Fiber, a well-known producer of cotton yarn, introduced their brand-new "Ecolution" recycled cotton yarn. Cotton waste is used to create evolution. It is a 100% recycled yarn that is equally supple, robust, and long-lasting as virgin cotton. Ecolution is a more environmentally friendly yarn since it sends less waste to landfills.

The Global Recycled Yarn is Segmented as Below:

By Type

  • Polyester Yarn
  • Cotton Yarn
  • Nylon Yarn
  • Miscellaneous

By Application

  • Home Decor
  • Textile Manufacturing
  • Automotive
  • Building & Construction
  • Miscellaneous

By Geographic Coverage

  • North America 
    • U.S. 
    • Canada 
  • Europe 
    • Germany
    • U.K.
    • France
    • Italy
    • Turkey
    • Russia
    • Rest of Europe 
  • Asia Pacific 
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America 
    • Brazil 
    • Mexico 
    • Argentina
    • Rest of Latin America 
  • Middle East & Africa  
    • GCC 
    • South Africa
    • Egypt
    • Nigeria
    • Rest of the Middle East & Africa

1. Executive Summary
    1.1. Global Recycled Yarn Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, by Volume/Value, 2022
    1.5. Analyst Recommendations

2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
           2.2.1. Drivers
           2.2.2. Restraints
           2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. Porter’s Five Forces Analysis
    2.5. Covid-19 Impact Analysis
           2.5.1. Supply
           2.5.2. Demand
    2.6. Impact of Ukraine-Russia Conflict
    2.7. Economic Overview
           2.7.1. World Economic Projections
    2.8. PESTLE Analysis

3. Global Recycled Yarn Market Outlook, 2018 - 2030
    3.1. Global Recycled Yarn Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
           3.1.1. Key Highlights
                 3.1.1.1. Polyester Yarn
                 3.1.1.2. Cotton Yarn
                 3.1.1.3. Nylon Yarn
                 3.1.1.4. Misc.
    3.2. Global Recycled Yarn Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           3.2.1. Key Highlights
                 3.2.1.1. Home Decor
                 3.2.1.2. Textile Manufacturing
                 3.2.1.3. Automotive
                 3.2.1.4. Building & Construction
                 3.2.1.5. Misc.
    3.3. Global Recycled Yarn Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
           3.3.1. Key Highlights
                 3.3.1.1. North America
                 3.3.1.2. Europe
                 3.3.1.3. Asia Pacific
                 3.3.1.4. Latin America
                 3.3.1.5. Middle East & Africa

4. North America Recycled Yarn Market Outlook, 2018 - 2030
    4.1. North America Recycled Yarn Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
           4.1.1. Key Highlights
                 4.1.1.1. Polyester Yarn
                 4.1.1.2. Cotton Yarn
                 4.1.1.3. Nylon Yarn
                 4.1.1.4. Misc.
    4.2. North America Recycled Yarn Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           4.2.1. Key Highlights
                 4.2.1.1. Home Decor
                 4.2.1.2. Textile Manufacturing
                 4.2.1.3. Automotive
                 4.2.1.4. Building & Construction
                 4.2.1.5. Misc.
           4.2.2. Market Attractiveness Analysis
    4.3. North America Recycled Yarn Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           4.3.1. Key Highlights
                 4.3.1.1. U.S. Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 4.3.1.2. U.S. Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 4.3.1.3. Canada Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 4.3.1.4. Canada Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
           4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Recycled Yarn Market Outlook, 2018 - 2030
    5.1. Europe Recycled Yarn Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
           5.1.1. Key Highlights
                 5.1.1.1. Polyester Yarn
                 5.1.1.2. Cotton Yarn
                 5.1.1.3. Nylon Yarn
                 5.1.1.4. Misc.
    5.2. Europe Recycled Yarn Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           5.2.1. Key Highlights
                 5.2.1.1. Home Decor
                 5.2.1.2. Textile Manufacturing
                 5.2.1.3. Automotive
                 5.2.1.4. Building & Construction
                 5.2.1.5. Misc.
           5.2.2. BPS Analysis/Market Attractiveness Analysis
    5.3. Europe Recycled Yarn Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           5.3.1. Key Highlights
                 5.3.1.1. Germany Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 5.3.1.2. Germany Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 5.3.1.3. U.K. Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 5.3.1.4. U.K. Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 5.3.1.5. France Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 5.3.1.6. France Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 5.3.1.7. Italy Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 5.3.1.8. Italy Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 5.3.1.9. Turkey Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 5.3.1.10. Turkey Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 5.3.1.11. Russia Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 5.3.1.12. Russia Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 5.3.1.13. Rest of Europe Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 5.3.1.14. Rest of Europe Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
           5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Recycled Yarn Market Outlook, 2018 - 2030
    6.1. Asia Pacific Recycled Yarn Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
           6.1.1. Key Highlights
                 6.1.1.1. Polyester Yarn
                 6.1.1.2. Cotton Yarn
                 6.1.1.3. Nylon Yarn
    6.2. Asia Pacific Recycled Yarn Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           6.2.1. Key Highlights
                 6.2.1.1. Home Decor
                 6.2.1.2. Textile Manufacturing
                 6.2.1.3. Automotive
                 6.2.1.4. Building & Construction
                 6.2.1.5. Misc.
           6.2.2. BPS Analysis/Market Attractiveness Analysis
    6.3. Asia Pacific Recycled Yarn Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           6.3.1. Key Highlights
                 6.3.1.1. China Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 6.3.1.2. China Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 6.3.1.3. Japan Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 6.3.1.4. Japan Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 6.3.1.5. South Korea Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 6.3.1.6. South Korea Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 6.3.1.7. India Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 6.3.1.8. India Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 6.3.1.9. Southeast Asia Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 6.3.1.10. Southeast Asia Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 6.3.1.11. Rest of Asia Pacific Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 6.3.1.12. Rest of Asia Pacific Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
           6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Recycled Yarn Market Outlook, 2018 - 2030
    7.1. Latin America Recycled Yarn Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
           7.1.1. Key Highlights
                 7.1.1.1. Polyester Yarn
                 7.1.1.2. Cotton Yarn
                 7.1.1.3. Nylon Yarn
                 7.1.1.4. Misc.
    7.2. Latin America Recycled Yarn Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           7.2.1. Key Highlights
                 7.2.1.1. Home Decor
                 7.2.1.2. Textile Manufacturing
                 7.2.1.3. Automotive
                 7.2.1.4. Building & Construction
                 7.2.1.5. Misc.
           7.2.2. BPS Analysis/Market Attractiveness Analysis
    7.3. Latin America Recycled Yarn Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           7.3.1. Key Highlights
                 7.3.1.1. Brazil Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 7.3.1.2. Brazil Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 7.3.1.3. Mexico Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 7.3.1.4. Mexico Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 7.3.1.5. Argentina Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 7.3.1.6. Argentina Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 7.3.1.7. Rest of Latin America Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 7.3.1.8. Rest of Latin America Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
           7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Recycled Yarn Market Outlook, 2018 - 2030
    8.1. Middle East & Africa Recycled Yarn Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
           8.1.1. Key Highlights
                 8.1.1.1. Polyester Yarn
                 8.1.1.2. Cotton Yarn
                 8.1.1.3. Nylon Yarn
                 8.1.1.4. Misc.
    8.2. Middle East & Africa Recycled Yarn Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           8.2.1. Key Highlights
                 8.2.1.1. Home Decor
                 8.2.1.2. Textile manufacturing
                 8.2.1.3. Automotive
                 8.2.1.4. Building & Construction
                 8.2.1.5. Misc.
           8.2.2. BPS Analysis/Market Attractiveness Analysis
    8.3. Middle East & Africa Recycled Yarn Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           8.3.1. Key Highlights
                 8.3.1.1. GCC Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 8.3.1.2. GCC Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 8.3.1.3. South Africa Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 8.3.1.4. South Africa Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 8.3.1.5. Egypt Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 8.3.1.6. Egypt Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 8.3.1.7. Nigeria Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 8.3.1.8. Nigeria Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
                 8.3.1.9. Rest of Middle East & Africa Recycled Yarn Market by Type, Value (US$ Bn), 2018 - 2030
                 8.3.1.10. Rest of Middle East & Africa Recycled Yarn Market, by Application, Value (US$ Bn), 2018 - 2030
           8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
    9.1. Type vs Application Heatmap
    9.2. Manufacturer vs Application Heatmap
    9.3. Company Market Share Analysis, 2022
    9.4. Competitive Dashboard
    9.5. Company Profiles
           9.5.1. Ecological Textiles
                 9.5.1.1. Company Overview
                 9.5.1.2. Type Portfolio
                 9.5.1.3. Financial Overview
                 9.5.1.4. Business Strategies and Development
           9.5.2. Unifi Manufacturing, Inc.
                 9.5.2.1. Company Overview
                 9.5.2.2. Type Portfolio
                 9.5.2.3. Financial Overview
                 9.5.2.4. Business Strategies and Development
           9.5.3. Hyosung TNC
                 9.5.3.1. Company Overview
                 9.5.3.2. Type Portfolio
                 9.5.3.3. Financial Overview
                 9.5.3.4. Business Strategies and Development
           9.5.4. APM Industries
                 9.5.4.1. Company Overview
                 9.5.4.2. Type Portfolio
                 9.5.4.3. Financial Overview
                 9.5.4.4. Business Strategies and Development
           9.5.5. LIBOLON
                 9.5.5.1. Company Overview
                 9.5.5.2. Type Portfolio
                 9.5.5.3. Financial Overview
                 9.5.5.4. Business Strategies and Development
           9.5.6. Martex Fiber
                 9.5.6.1. Company Overview
                 9.5.6.2. Type Portfolio
                 9.5.6.3. Financial Overview
                 9.5.6.4. Business Strategies and Development
           9.5.7. Patagonia, Inc.
                 9.5.7.1. Company Overview
                 9.5.7.2. Type Portfolio
                 9.5.7.3. Financial Overview
                 9.5.7.4. Business Strategies and Development
           9.5.8. NILIT
                 9.5.8.1. Company Overview
                 9.5.8.2. Type Portfolio
                 9.5.8.3. Business Strategies and Development
           9.5.9. Patrick Yarn Mill, Inc.
                 9.5.9.1. Company Overview
                 9.5.9.2. Type Portfolio
                 9.5.9.3. Financial Overview
                 9.5.9.4. Business Strategies and Development
           9.5.10. Haksa Tekstil
                 9.5.10.1. Company Overview
                 9.5.10.2. Type Portfolio
                 9.5.10.3. Financial Overview
                 9.5.10.4. Business Strategies and Development

10. Appendix
    10.1. Research Methodology
    10.2. Report Assumptions
    10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2018 - 2022

2023 - 2030

Value: US$ Million

 

REPORT FEATURES

DETAILS

Type Coverage

  • Polyester Yarn
  • Cotton Yarn
  • Nylon Yarn
  • Miscellaneous

Application Coverage

  • Home Décor
  • Textile Manufacturing
  • Automotive
  • Building & Construction
  • Miscellaneous

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • Ecological Textiles
  • Unifi Manufacturing, Inc.
  • Hyosung TNC
  • APM Industries
  • LIBOLON
  • Martex Fiber
  • Patagonia, Inc.
  • Nilit
  • Patrick Yarn Mill, Inc.
  • Haksa Tekstil 

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Recycled Yarn Market

Recycled yarn is a type of yarn made from post-consumer or post-industrial textile waste, such as discarded clothing or fabric scraps. It is produced by collecting, sorting, and processing these materials into fibers, which are then spun into yarn. Recycled yarn finds application across a wide range of industries, including fashion and apparel, home textiles, automotive, and more. It is employed in products such as clothing, blankets, carpets, and upholstery.

The growth of the global recycled yarn market is primarily driven by increasing environmental awareness and sustainability initiatives. Consumers and businesses are seeking eco-friendly alternatives to traditional textiles, which has led to a surge in demand for recycled yarn.

Some challenges in the recycled yarn market include the consistency of quality and colour in recycled fibers, as well as the consistently growing need for advanced recycling technologies. Additionally, competition from non-recycled alternatives and the cost of recycling processes remain the longstanding challenges impeding market expansion.

The global recycled yarn market is growing in regions with strong sustainability commitments, such as North America, Europe, and Asia Pacific. These regions have a significant presence of manufacturers and consumers interested in eco-friendly products. The report identifies the largest market for recycled yarn sales in Asia Pacific.

The future of the recycled yarn market looks promising, with a continued focus on sustainability and circular economy practices. Advances in recycling technology, increased consumer awareness, and government regulations supporting sustainable practices are expected to further boost market growth. By the end of this decade, the market for recycled yarn will possibly touch US$2 billion on the revenue scale.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
Fairfield Quality assured
Fairfield Confidentiality assured
Fairfield Custom research services