North America 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)
North America 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: 58
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, 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.
Market Overview and Dynamics
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.
Key Market Segments
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.
Major Sources and Companies Listed
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.
Reasons to buy report
- Understand the North America 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 North America
- Efficiently plan mergers and acquisitions, and partnership deals in the North America 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
North America Recycled Textile Market Segmentation
North America Recycled Textile Market- by Type
- Recycled Cotton
- Recycled Wool
- Recycled Polyester
- Recycled Nylon
- Others
North America Recycled Textile Market- by End- user Industry
- Automotive
- Retail
- Mining
- Others
North America Recycled Textile Market- by Country
- US
- Canada
- Mexico
Company Profiles
- Kishco Group
- Hyosung Corporation
- Leign Fibers Inc
- Martex Fiber Southern Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Recycled Textiles Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Expert Opinion
5. Recycled Textiles Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Concerns Related to Disposal of Textile Waste
5.1.2 Rapid Growth of the Retail and Automotive Industry
5.2 Market Restraints
5.2.1 High Processing Cost and Lower Quality of Recycled Textile
5.3 Market Opportunities:
5.3.1 Shift Towards Sustainability along with Eco-friendly Initiatives by Manufacturers
5.4 Future Trends:
5.4.1 Technological Advancements in Recycling Process
5.5 Impact Analysis
6. Recycled Textile– North America Market Analysis
6.1 Recycled Textile Market Overview
6.2 Recycled Textiles Market–Revenue and Forecast to 2027 (US$ Mn)
7. Recycled Textile Market Analysis – By Type
7.1 Overview
7.2 North America Recycled Textiles Market, By Type (2019 and 2027)
7.3 Recycled Cotton
7.3.1 Overview
7.3.1.1 Recycled Cotton: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
7.4 Recycled Wool
7.4.1 Overview
7.4.1.1 Recycled Wool: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
7.5 Recycled Polyester
7.5.1 Overview
7.5.1.1 Recycled Polyester: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
7.6 Recycled Nylon
7.6.1 Overview
7.6.1.1 Recycled Nylon: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.1.1 Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
8. Recycled Textiles Market Analysis – By End User Industry
8.1 Overview
8.2 North America Recycled Textiles Market, By End User Industry (2019 and 2027)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Retail
8.4.1 Overview
8.4.2 Retail: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Mining
8.5.1 Overview
8.5.2 Mining: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.1.1 Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
9. Recycled Textile Market – Country Analysis
9.1 Overview
9.1.1 North America: Recycled Textile Market, by Key Country
9.1.1.1 US: Recycled Textile Market–Revenue, and Forecast to 2027 (US$ Mn)
9.1.1.1.1 US: Recycled Textile Market, by Type
9.1.1.1.2 US: Recycled Textile Market, by End-User Industry
9.1.1.2 Canada: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
9.1.1.2.1 Canada: Recycled Textile Market, by Type
9.1.1.2.2 Canada: Recycled Textile Market, by End-User Industry
9.1.1.3 Mexico: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Mexico: Recycled Textile Market, by Type
9.1.1.3.2 Mexico: Recycled Textile Market, by End-User Industry
10. Impact of COVID-19 Pandemic on North America Recycled Textile Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Merger and Acquisition
11.2 New Product Development
12. Key Company Profiles
12.1 Kishco Group
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Hyosung Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Leign Fibers Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Martex Fiber Southern Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Recycled Textiles Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. US: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)
Table 3. US: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)
Table 4. Canada: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)
Table 5. Canada: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)
Table 6. Mexico: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)
Table 7. Mexico: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)
Table 8. Glossary of Terms, North America Recycled Textile Market
LIST OF FIGURES
Figure 1. Recycled Textiles Market Segmentation
Figure 2. Recycled Textiles Market Segmentation – By Country
Figure 3. North America Recycled Textiles Market Overview
Figure 4. Recycled Polyester Segment Held Largest Share of North America Recycled Textiles Market
Figure 5. US Country Held Largest Share of North America Recycled Textiles Market
Figure 6. North America Recycled Textiles Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. North America Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 11. North America Recycled Textiles Market Revenue Share, by Type (2019 and 2027)
Figure 12. North America Recycled Cotton: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 13. North America Recycled Wool: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 14. North America Recycled Polyester: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 15. North America Recycled Nylon: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 16. North America Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 17. North America Recycled Textiles Market Revenue Share, by End User Industry (2019 and 2027)
Figure 18. North America Automotive: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 19. North America Retail: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 20. North America Mining: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 21. North America Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 22. North America: Recycled Textile Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. US: Recycled Textile Market–Revenue, and Forecast to 2027 (US$ Mn)
Figure 24. Canada: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 25. Mexico: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 26. Impact of COVID-19 Pandemic in North American Country MarketsSome of the leading companies are:-
- Kishco Group
- Hyosung Corporation
- Leign Fibers Inc
- Martex Fiber Southern Corporation