North America Recycled Textile Market
No. of Pages: 86 | Report Code: TIPRE00017952 | Category: Chemicals and Materials
No. of Pages: 86 | Report Code: TIPRE00017952 | Category: Chemicals and Materials
Recycled textiles are old, used fabrics or other unused textiles that can be recovered for reuse with the help of various recycling techniques. Recycling of textiles is done to treat textile waste and reuse the reclaimed fibre across diversified industrial base, which helps to save natural resources and contribute to environment sustainability. In current era, they have significantly contributed to the growth of the textile recycling industry. Today sustainability has become the need for modern times. Thus, the shift towards sustainability along with eco-friendly initiatives by manufacturers is expected to create a significant demand for recycled textile in the coming years, which is further anticipated to drive the recycled textile market.
The recycled textile market in North America is expected to grow from US$ 1559.00 million in 2019 to US$ 2575.39 million by 2027; it is estimated to grow at a CAGR of 6.6% from 2020 to 2027. Now-a-days, sustainability is considered to be at the forefront of major strategies, initiatives and planning in the textile industry. The importance of sustainability is not just understood from ecological point of view, but also from economical aspect. In the current era, every stage in textile industry starting, i.e. from fiber production to shipping is suitably aligned with the objective of sustainability as focal point. The increased focus over ecological balance has driven the concept of the sustainable development. The future of sustainable textile is based upon its ability to minimize the use of natural resources and mobilizing the concept of reusing and recycling of products to minimize overall waste. In the textile industry, the companies are heading towards adoption of an eco-friendly and sustainable production approach by investing in better R&D activities so as to optimize resource consumption and promote environmental benefits. This is bolstering the growth of the recycled textile market.
The U.S has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the chemical and materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
In terms of type, the recycled polyester segment accounted for the largest share of the North America recycled textile market in 2019. Based on end-user industry, the recycled textile market is divided into automotive, retail, mining, and others. Retail is expected to be the fastest growing segment over the forecast period.
A few major primary and secondary sources referred to for preparing this report on the recycled textile market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Kishco Group, Hyosung Corporation, Leign Fibers Inc, and Martex Fiber Southern Corporation among others.
Strategic insights for the North America Recycled Textile provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1559.00 Million |
| Market Size by 2027 | US$ 2575.39 Million |
| Global CAGR (2020 - 2027) | 6.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Recycled Textile refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Some of the leading companies are:-
The North America Recycled Textile Market is valued at US$ 1559.00 Million in 2019, it is projected to reach US$ 2575.39 Million by 2027.
As per our report North America Recycled Textile Market, the market size is valued at US$ 1559.00 Million in 2019, projecting it to reach US$ 2575.39 Million by 2027. This translates to a CAGR of approximately 6.6% during the forecast period.
The North America Recycled Textile Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Recycled Textile Market report:
The North America Recycled Textile Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Recycled Textile Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Recycled Textile Market value chain can benefit from the information contained in a comprehensive market report.
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