Recycled Fabric Market Overview:
The Recycled Fabric Market is expected to increase linearly and reach a value of USD 26.35 billion by 2033, with a compound annual growth rate (CAGR) of 4.1% from 2024 to 2033. The market is currently expected to reach a value of USD 11.67 billion in 2023.
In order to minimize waste and the environmental impact of the textile industry, recycled fabric, sometimes referred to as eco-friendly fabric or sustainable fabric, is made by processing and reusing post-consumer or discarded textile items. There are many different materials that can be used to make recycled fabric, such as used clothes, textile waste, and post-industrial textile scraps.
Clothes made of recycled materials might command a higher price from customers. According to a 2023 Accenture survey, over 50% of customers stated they would be willing to pay a premium for environmentally friendly products that are made to be recycled or reused. The assumption that nearly two-thirds (66%) of respondents would be ready to pay extra for clothing made of recycled polyester is expected to have a favourable impact on the market’s overall growth for recycled fabrics.
Ask for FREE Sample Report PDF: https://wemarketresearch.com/sample-request/recycled-fabric-market/1361
Market Dynamics:
The idea of a circular economy—in which materials and goods are made with recycling and reuse in mind—is gaining popularity. According to estimates, up to 99% of the resources used in the textile sector may be saved by making the shift to a circular economy.
Demand for certified recycled fabrics is increased by eco-certifications that guarantee the sustainability and safety of textile products, such as OEKO-TEX and GOTS (Global Organic Textile Standard).
Because of this, rising environmental consciousness and changing consumer preferences are likely to fuel an increase in the demand for recycled fabric over the forecast period.
The fashion business is notorious for having a large negative influence on the environment, especially when it comes to greenhouse gas emissions and water usage. The textile industry is thought to be accountable for 8–10% of the world’s carbon emissions, surpassing the combined emissions from international shipping and aviation.
Market Product Type Analysis:
In the upcoming years, it is anticipated that recycled polyester staple fibre will continue to hold a larger market share than recycled polyester filament yarn. This is so that a greater variety of textile goods may be produced with RPSF, which is more adaptable. Furthermore, RPSF is usually less expensive than RPFY.
However, as demand for performance clothing made from recycled materials rises, the market share of recycled polyester filament yarn is anticipated to expand in the upcoming years.
Get Customized Report @ https://wemarketresearch.com/customization/recycled-fabric-market/1361
Market Segments:
Market, By Product Type:
- Recycled Polyester Staple Fibber
- Recycled Polyester Filament Yarn
Market, By Fabric Type:
- Recycled Polyester Fleece
- Recycled Polyester Knits
- Recycled Polyester Woven
- Recycled Polyester Nonwovens
Market, By Recycling Process:
- Mechanical Recycling
- Chemical Recycling
- Blended Fabrics
Market, By End-Use:
- Apparel
- Home Textiles
- Automotive
- Industrial
Regional Market Analysis:
With more than 45% of the global market share, recycled fabrics are most popular in Asia Pacific. Numerous factors contribute to this, such as the sizeable textile and apparel industry in the area, consumer awareness of environmental issues rising, and government programs encouraging the use of recycled materials.
With more than 30% of the global market share, North America is the second-biggest market for recycled fabrics. The market for recycled fabric has grown in North America due to government restrictions aimed at reducing textile waste, growing consumer demand for sustainable products.
With more than 20% of the worldwide recycled fabric market, Europe is the third-biggest market. The robust environmental consciousness of European customers and the government initiatives that encourage it are credited with driving the market for recycled cloth.
With more than 5% of the worldwide market share for recycled fabrics, South America, the Middle East, and Africa are relatively smaller markets.
Competitive Analysis:
- Lensing Group
- Birla Cellulose
- Hyosung TNC
- Unifi, Inc.
- and Patagonia, Inc.
Buy This Report Here @ https://wemarketresearch.com/purchase/recycled-fabric-market/1361?license=single
About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
Mr. Robbin Joseph
Corporate Sales, USA
We Market Research
USA: +1-724-618-3925
Websites: https://wemarketresearch.com/
Email: [email protected]
