Post Consumers Yarns (Recycled Yarns) Market Size, Share, Growth, and Industry Growth by Type (Recycled PET Yarns, Recycled Cotton Yarns, Recycled Nylon Yarn, and Other), By Application (Clothing, Carpet, Car, Building, and Other), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Post Consumers Yarns (Recycled Yarns) Market REPORT OVERVIEW

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The global post consumer yarns (recycled yarns) market size was USD 8213 million in 2022 and market is projected to touch USD 14596.83 million by 2031, exhibiting a compound annual growth rate (CAGR) of 6.6% during the forecast period.

Post consumer yarns (recycled yarns) refer to the fibers from the recovery of waste plastic and part of the natural fibers, then convert into yarn.

Increased demand for recycled products among consumers is expected to surge market growth. High rate of adoption of recycled yarn from home textile, apparel, and industrial purposes. Further, these yarns are used for making clothes, carpets, and furnishing items for buildings and cars. Growing demand for organic-based yarns and extensive innovations in the production process are projected to drive market growth. High demand from the automotive sector and increased adoption of vehicles across worldwide are anticipated to accelerate market growth. Growing demand for eco-friendly products and government regulations to support recycled products are predicted to surge market growth over the forecast period. However, lack of availability and volatile raw material prices are anticipated to restrict the post consumer yarns (recycled yarns) market growth.

COVID-19 Impact: Closure of Industrial Activities to Hamper Market Growth

The market witnesses a negative growth during the pandemic period owing closure of industrial activities. Lockdown restrictions and travel ban worldwide impacted market growth. Supply and chain disruption and volatile in raw material prices hampered market growth. Shutdown of automotive and textile industries decline product adoption. Increased demand for employee safety and lack of labors during the pandemic period minimized market growth.

LATEST TRENDS 

"Growing Demand from Packing Industry to Stimulate Market Growth"

The yarns are extensively used as the main material for packing. Increased demand for packing and high demand for effective packing is projected to drive market growth. Further, PET yarns are used to make bottles and recycled cotton yarns are used to make bags. Such extensive use of the product is anticipated to surge market growth. Further, these yarns are used to create netting to keep products secure during shipment is predicted to expand market growth. The yarns are also used to provide extra sustainability and protection. In addition, the high demand for coating on paperboard and cardboard containers is predicted to expand post consumer yarns (recycled yarns) market growth over the forecast period.

Post Consumers Yarns (Recycled Yarns) Market SEGMENTATION

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• By Type

Based on type, the market is divided into, recycled cotton yarns, recycled PET yarns, recycled nylon yarn, and other.

Recycled PET yarns are estimated to be the leading part of type segmentation.

• By Application

Based on application, the market is classified into carpet, clothing, car, building, and other.

Clothing is estimated to be the leading part of application segmentation.

DRIVING FACTORS

"Increased Demand for Building Products to Accelerate Market Growth"

High demand for yarns in manufacturing building products such as roofing, insulation, and flooring. Growing construction activities and demand for house applications are projected to drive market growth. The recycled yarns are used to reduce greenhouse gas emissions and energy consumption. The adoption of the product helps to save money on construction costs. Further, recycled yarns help to conserve resources and increased demand to protect the environment These factors are expected to fuel market growth in the upcoming years. Recycling helps to reduce plastic pollution and government regulations to reduce plastic pollution and adopt eco-friendly products are anticipated to accelerate market growth. The use of yarns has environmental benefits over virgin materials which are predicted to propel post consumer yarns (recycled yarns) market progress.

"Increased Demand from Textiles Sectors to Foster Market Growth"

Increased awareness about the benefits of recycling clothes is estimated to surge market growth. The growing adoption of recycled cotton yarns in home furnishing and textiles products is projected to drive market growth. Increased adoption of nylon fiber yarns for industrial purposes such as trimmings, processing scraps, and cuttings.  The yarns help to reduce landfill waste and save energy for the manufacturing process. These factors are estimated to expand market growth in the forthcoming years. Growing demand for organic-based yarns and extensive innovations in the production process are projected to drive market growth. High demand from the automotive sector and increased adoption of vehicles worldwide are anticipated to accelerate post consumer yarns (recycled yarns) market growth. Rapid adoption of the product for its benefits in end-user industries is predicted to fuel market growth.

RESTRAINING FACTORS

"Lack of Availability and Volatile Raw Material Prices to Hamper Market Growth"

Lack of availability and volatile raw material prices are anticipated to restrict market growth.

Post Consumers Yarns (Recycled Yarns) Market REGIONAL INSIGHTS

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"Increased Demand for Recycled Products in North America to Drive Market Share "

North America is anticipated to account post consumer yarns (recycled yarns) market share owing to increased demand for recycled products. Growing adoption of the yarns in industrial use and rapid demand for building products are projected to drive market growth.

Asia Pacific is anticipated to witness second-largest market growth due to presence of major market players in the region. Growth in textile industries and high demand from packing industry. These factors are anticipated to accelerate post consumer yarns (recycled yarns) market growth in the upcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Martex Fiber (U.S.)
• Unifi (U.S.)
• Patrick Yarn Mill (U.S.)
• Aquafil (Italy) 
• Haksa Tekstil (
• Filatures Du Parc (France)
• RadiciGroup (Italy)
• APM Industries (India)
• Pashupati Polytex (India)
• Hyosung (South Korea)
• Nilit (Israel)
• LIBOLON (Taiwan)
• Far Eastern New Century Corporation (Taiwan)
• Haili Group (China)
• Cixi Xingke chemical fiber (China)
• Longfu Recycling Energy Scientech (China)
• Zhejiang Jiaren New Materials (China)
• Cixi Santai Chemical Fibre (China)
• Hangzhou Huaerli Chemical Fiber (China)
• Guangdong Qiusheng (China)
• Fujian Baichuan (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.