Recycled Yarn Market

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.

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