Europe 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)

Europe 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)   

Number of Pages: 76

Market Introduction

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, increasing concerns related to disposal of textile waste is expected to create a significant demand for recycled textile in the coming years, which is further anticipated to drive the recycled textile market.

Market Overview and Dynamics

The recycled textile market in Europe is expected to grow from US$ 1432.21 million in 2019 to US$ 2,313.16 million by 2027; it is estimated to grow at a CAGR of 6.3% from 2020 to 2027. In recent years, there have been rising concerns related to the disposal of textile waste across the globe which may negatively impact the environment. The textile manufacturing mechanism is considered to be one of the chemical-intensive processes which generate a high volume of textile waste throughout its operations. The textile waste may be segregated into two groups, pre-consumer textile waste and post-consumer textile. The rise in amount of textile waste creates a burden on environment and generates the problem of effective disposal or incineration on existing landfills. According to an estimate, approximately 10–20% of all unused textile products are considered to be wasted. Further, the process of incineration emits organic substances such as heavy metals, dioxins, acidic gases and dust particles, which are considered as harmful to both humans and the environment. Also, the disposing of residual ash has also become a serious issue as it also contains a high concentration of toxic material. This is bolstering the growth of the recycled textile market.

In Europe, as per the recent data, Russia has recorded the highest number of COVID cases. Other than this, Spain, Germany, France and UK have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.

Key Market Segments

In terms of type, the recycled polyester segment accounted for the largest share of the Europe 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.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the recycled textile market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Khaloom Textile India Pvt. Ltd., Kishco Group, Anandi Enterprises, Hyosung Corporation, Leign Fibers Inc., Martex Fiber Southern Corporation, Renewcell AB, and Boer Group among others.

Reasons to buy report

• Understand the Europe Recycled textile market landscape and identify market segments that are likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive market landscape in Europe
• Efficiently plan mergers and acquisitions, and partnership deals in the Europe recycled textile market by identifying market segments with the most promising probable sales
• Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
• Obtain revenue forecast for market based on various segments for the period 2020-2027

Europe Recycled Textile Market Segmentation

Europe Recycled Textile Market- by Type

• Recycled Cotton
• Recycled Wool
• Recycled Polyester
• Recycled Nylon
• Others

Europe Recycled Textile Market- by End- user Industry

• Automotive
• Retail
• Mining
• Others

Europe Recycled Textile Market- by Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Company Profiles

• Khaloom Textile India Pvt. Ltd.
• Kishco Group
• Anandi Enterprises
• Hyosung Corporation
• Leign Fibers Inc.
• Martex Fiber Southern Corporation
• Renewcell AB
• Boer Group

List of Companies

1. Khaloom Textile India Pvt. Ltd.
2. Kishco Group
3. Anandi Enterprises
4. Hyosung Corporation
5. Leign Fibers Inc.
6. Martex Fiber Southern Corporation
7. Renewcell AB
8. Boer Group

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• Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Recycled Textile market, as well as those hindering it.
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