Report : Middle East and Africa Recycled Textile Market Forecast to 2027 - COVID-19 Impact and Analysis- By Type (Recycled Cotton, Recycled Wool, Recycled Polyester, Recycled Nylon, and Others), By End-user Industry (Automotive, Retail, Mining, and Others)
Retail Segment to Dominate Middle East and Africa Recycled Textile Market during 2020–2027
According to a new market research study on “Middle East and Africa Recycled Textile Market Forecast to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, and End- user Industry,” is expected to reach US$ 608.73 million by 2027 from US$ 403.85 million in 2019. The market is estimated to grow at a CAGR of 5.4% from 2020 to 2027. The report provides trends prevailing in the Middle East and Africa recycled textile market along with the drivers and restraints pertaining to the market growth. Rising concerns related to disposal of textile waste are the major factor driving the growth of the Middle East and Africa recycled textile market. However, issues associated with the high processing cost and lower quality of recycled textile hinder the growth of Middle East and Africa recycled textile market.
The Middle East and Africa market for Recycled Textile market is segmented into type, end-user industry, and country. Based on type, the market is segmented into recycled cotton, recycled wool, recycled polyester, recycled nylon, and others. In 2019, the recycled polyester segment held the largest share Middle East and Africa recycled textile market. 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.
Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus.
Kishco Group, Anandi Enterprises, Hyosung Corporation, Leign Fibers Inc., Martex Fiber Southern Corporation, and Boer Group are among the leading companies in the Middle East and Africa Recycled Textile market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in January, 2018 Leigh Fiber Inc. has announced signing a letter of intent to acquire JE Herndon Company, Kings Mountain, North California. The firm reprocesses textile fibers and byproducts primarily connected to the cotton industry. The acquisition complements the overall service and product offerings by adding to the capacity and geographic presence.
Middle East and Africa Recycled Textile Market – By Type
- Recycled Cotton
- Recycled Wool
- Recycled Polyester
- Recycled Nylon
Middle East and Africa Recycled Textile Market – By End- user Industry
Middle East and Africa Recycled Textile Market – By Country
- South Africa
- Saudi Arabia
- Rest of MEA
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