Global Recycle Yarn Market Insights Forecasts to 2033

• The Global Recycle Yarn Market Size was estimated at USD 4.72 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 8.09% from 2023 to 2033
• The Worldwide Recycle Yarn Market Size is expected to Reach USD 10.28 Billion by 2033
• North America is expected to Grow the fastest during the forecast period.

The Global Recycle Yarn Market Size is expected to Grow from USD 4.72 Billion in 2023 to USD 10.28 Billion by 2033, at a CAGR of 8.09% during the forecast period 2023-2033. The recycled yarn market is growing because of increasing consumer demand for sustainable textiles, advancement in recycling technology, and environmental regulations. Key drivers include the adoption of eco-friendly fashion, cost savings, and the shift towards a circular economy in textile production.

Market Overview

The recycle yarn market produces and uses yarns created from recycled fibres, which can be either post-consumer or post-industrial waste textiles. It reduces the adverse impact that textile production has on the environment since it will recycle the fibres which otherwise would have ended up in landfills. Recycled yarns can be utilized for a wide range of applications such as clothes, home textiles, and industrial textiles. Moreover, the increasing awareness of sustainability, the preference of consumers for eco-friendly products, and the increasing regulations of the government regarding textile waste are the primary drivers of the recycled yarn market. Technological advancement in recycling, cost benefits, and the growth of sustainable fashion further increase demand. The shift towards a circular economy and expansion in emerging markets are also the main reasons behind the growth of the market as businesses and consumers give more importance to recycled materials in textile production.

Furthermore, the opportunities in the recycled yarn market are in increasing applications of products in automotive and industrial textiles and innovation in fiber blending and customization. There is an increased trend in collaborations between brands and recycling facilities that increase the availability and quality of recycled yarn for different applications.

For instance, in August 2024, UNIFI, Inc. the industry-leading innovator in recycled and synthetic yarn, officially launched two new products, which made its circular REPREVE offering the biggest portfolio of regenerated performance polyester in the world. Powered by the company's proprietary Textile Takeback process, UNIFI now introduces white-dyeable filament yarn and revolutionary insulation material called ThermaLoop - a major step forward in textile-to-textile recycling, scalable in nature.

Report Coverage

This research report categorizes the global recycle yarn market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global recycle yarn market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global recycle yarn market.

Driving Factors

Increasing demand from consumers for sustainable and eco-friendly products, growing textile waste, and the emphasis on a circular economy drive the recycled yarn market. Improvements in recycling technologies improve the quality and efficiency of the yarn. Brand sustainability goals and government waste regulation policies further stimulate the adoption of recycled yarns, driving growth. Environmental concerns are also making consumers increasingly more aware of their need for sustainable textile solutions.  For instance, in January 2022, Renewcell launched Circulose for fashion brands is made from recovered textile waste. It offers a biodegradable alternative to viscose rayon.

Restraining Factors

The challenges in this market include a higher cost of processing, lower availability of good raw materials, and inconsistent supply chains. Other challenges include poor consumer perception regarding the quality and durability of products made from recycled yarn and poor infrastructure for mass recycling.

Market Segmentation

The recycle yarn market share is classified into type, application.

• The recycled PET yarn segment dominated the market in 2023 and is projected to grow at a CAGR during the forecast period.

Based on the type, the recycle yarn market is divided into recycled PET yarn, recycled cotton yarn. Among these, the recycled PET yarn segment dominated the market in 2023 and is projected to grow at a CAGR during the forecast period. The reasons are mainly due to the massive consumption of PET in the textile industry, the high proportion of plastic waste, and the increasing demand from consumers for environmentally friendly products. Recycled PET yarn has strength, versatility, and value, making it very suitable for many applications: from fashion to sportswear and home textiles. Moreover, recycling technology improvement made it more economical to manufacture, which contributed to its higher market share.

• The clothing segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the recycle yarn market is divided into carpet, clothing. Among these, the clothing segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. It is being driven by growing consumer demand for sustainable fashion and the adoption of higher sustainability standards from manufacturers. The rising popularity of environmentally friendly or recycled content in garments, especially in apparel and activewear, is giving a boost to market growth. The surge in new circular fashion initiatives and governments mandating sustainability also supports the quicker adoption of recycled yarn in clothing.

Regional Segment Analysis of the Recycle Yarn Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the majority share of the recycle yarn market over the predicted timeframe.

Europe is anticipated to hold the majority share of the recycle yarn market over the predicted timeframe. The factor behind this is a strong commitment by the region to sustainability, severe environmental restrictions, and a high demand for eco-friendly products. Leaders in promoting recyclable materials in the textile industry are the European countries, including Germany, the UK, and France. Moreover, these countries have also adopted circular economy practices, coupled with a flourishing fashion and textile industry that increasingly incorporates recycled yarn into their production, further improving market growth.

North America is expected to grow at the fastest CAGR in the recycle yarn market during the forecast period. It is driven by increased consumer awareness about sustainability, high demand for green products, and initiatives from brands to embrace recycled materials. The U.S. and Canada have been leaders in promoting sustainable practices, which have been supplemented by government policies and an expanding circular economy, accelerating the adoption of recycled yarn in textiles.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global recycle yarn market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• APM Industries Limited
• Cixi Xingke Chemical Fiber Co., Ltd.
• Coats Group PLC
• Ecological Textiles
• Far Eastern New Century Corporation
• Filature Du Parc
• Hilaturas Ferre S.A.
• Jinjiang Xinglilai Yarns Co., Ltd.
• Martex Fiber
• Pashupati Polytex Pvt. Ltd.
• Rajiv Group Pvt. Ltd.
• Sulochana Cotton Spinning Mills Pvt. Ltd.
• Unifi, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2023, Indorama Ventures Public Co Ltd, located in Bangkok and majority-owned by Indians, invested USD 150 million in three PET recycling plants in India, with plans to begin commercial production in 2026.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global recycle yarn market based on the below-mentioned segments: 

Global Recycle Yarn Market, By Type

• Recycled PET Yarn
• Recycled Cotton Yarn

Global Recycle Yarn Market, By Application

• Carpet
• Clothing

Global Recycle Yarn Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa