The global demand for Recycle Yarn Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Recycled yarn can be defined as converting waste yarn into yarn that can be reused in textile products. It is also known as reclaimed yarn, regenerated yarn, or shoddy. Recycling yarn is a sustainable alternative to disposal and prevents unnecessary wastage. Yarn waste comes from pre-consumer and post-consumer sources. Pre-consumer waste includes scraps created by yarn and fabric by-products, while post-consumer includes garments, upholstery, towels, and household items to be repurposed.
Market Dynamics
The global recycles yarn market is at its emerging stage. Sustainability continues to be a significant driver of the market. The demand for recycled yarns is escalating as the fashion industry is getting more sustainable. The recycled yarn is a topic of attraction in the textile industry. Growing interest from manufacturers, brands, and retailers and rising fabric waste burden is encouraging the market's growth. Many traditional yarn manufacturers have begun making recycled yarns out of both pre-consumer and pre-consumer waste. The enormous volume of sources is produced through pre-consumer waste, such as cutting scraps. However, labor-intensive work of separating yarn waste due to various color shades and blends is hampering the market growth and same acting as a challenge.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of recycle yarn .
Market Segmentation
The entire recycle yarn market is segmented and each segment is analyzed exclusively. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Recycled PET Yarn
- Recycled Cotton Yarn
- Recycled Nylon Yarn
By Application
- Carpet
- Clothing
- Car
- Building
- Other
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for recycle yarn market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Recycle Yarn Market by Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the recycle yarn market include Martex Fiber, Filatures Du Parc, Patrick Yarn Mill, Unifi, Haksa Tekstil, Patagonia, APM INDUSTRIES, Hilaturas Ferre, Ecological Textiles, Radici Partecipazioni SpAS. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
METHODOLOGY:
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.