Asia Pacific 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)
The recycled textile market in Asia Pacific is expected to grow from US$ 1954.48 million in 2019 to US$ 3081.10 million by 2027; it is estimated to grow at a CAGR of 6.0% from 2020 to 2027.
China, Japan, India, Australia, South Korea, and Rest of APAC are the major economies in Asia Pacific. Growing concerns regarding the disposal of textile waste will boost its demand in the market. 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. Hence, it is quite imperative to effectively manage of textile waste through reuse or recycling methods, which could promote environment sustainability. Under such situations, recycling of textile waste is considered to be a viable alternative, which helps to reduce burden on natural resource, minimizes the need for landfill space and helps in saving energy. Moreover, the stringent government legislations regulating the effective management of textile waste are potentially aimed to promote the use of textile recycling as a sustainable alternative to treat the impending problem related to waste. Thus all these factors are expected to positively impact its market growth.
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the COVID-19 would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, India has the highest number of COVID -19 confirmed cases.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the Asia Pacific recycled textile market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Recycled textile Market Revenue and Forecast to 2027 (US$ Mn)
Asia Pacific Recycled textile Market Segmentation
Asia Pacific Recycled textile Market – By Type
- Recycled Cotton
- Recycled Wool
- Recycled Polyester
- Recycled Nylon
- Others
Asia Pacific Recycled textile Market – By End- user Industry
- Automotive
- Retail
- Mining
- Others
Asia Pacific Recycled textile Market, by Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Asia Pacific Recycled textile Market- Companies Mentioned
- Chindi
- Khaloom Textile India Pvt. Ltd.
- Kishco Group
- Usha Yarns Limited
- Anandi Enterprises
- Hyosung Corporation
- Leign Fibers Inc.
- Martex Fiber Southern Corporation
- Renewcell AB
- Boer Group
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 Asia-Pacific PEST Analysis
4.3 Expert Opinion
5. Recycled Textiles Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Concerns Regarding the Disposal of Textile Waste
5.1.2 Rapid Growth of the Retail and Automotive Industry
5.2 Market Restraints
5.2.1 High Production Cost and Poor Quality of Recycled Textiles
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– Asia Pacific Market Analysis
6.1 Recycled Textile Market Overview
6.2 Asia Pacific Recycled Textiles Market–Revenue and Forecast to 2027 (US$ Mn)
7. Recycled Textile Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific 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 Asia Pacific 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 Asia-Pacific: Recycled Textile Market, by Key Country
9.1.1.1 Australia: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
9.1.1.1.1 Australia: Recycled Textile Market, by Type
9.1.1.1.2 Australia: Recycled Textile Market, by End-User Industry
9.1.1.2 China: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
9.1.1.2.1 China: Recycled Textile Market, by Type
9.1.1.2.2 China: Recycled Textile Market, by End-User Industry
9.1.1.3 India: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
9.1.1.3.1 India: Recycled Textile Market, by Type
9.1.1.3.2 India: Recycled Textile Market, by End-User Industry
9.1.1.4 Japan: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
9.1.1.4.1 Japan: Recycled Textile Market, by Type
9.1.1.4.2 Japan: Recycled Textile Market, by End-User Industry
9.1.1.5 South Korea: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
9.1.1.5.1 South Korea: Recycled Textile Market, by Type
9.1.1.5.2 South Korea: Recycled Textile Market, by End-User Industry
9.1.1.6 Rest of Asia-Pacific: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
9.1.1.6.1 Rest of Asia-Pacific: Recycled Textile Market, by Type
9.1.1.6.2 Rest of Asia-Pacific: Recycled Textile Market, by End-User Industry
10. Impact of COVID-19 Pandemic on Asia Pacific Recycled Textile Market
10.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 New Product Development
11.3 Others
12. Key Company Profiles
12.1 Chindi
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 Khaloom Textile India Pvt. Ltd.
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
12.3 Kishco Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.4 Usha Yarns Limited
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
12.5 Anandi Enterprises
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Hyosung Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 Leign Fibers Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Martex Fiber Southern Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.9 Renewcell AB
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 Boer Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Recycled Textiles Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. Australia: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)
Table 3. Australia: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)
Table 4. China: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)
Table 5. China: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)
Table 6. India: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)
Table 7. India: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)
Table 8. Japan: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)
Table 9. Japan: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)
Table 10. South Korea: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)
Table 11. South Korea: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)
Table 12. Rest of Asia-Pacific: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)
Table 13. Rest of Asia-Pacific: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)
Table 14. Glossary of Terms, Asia Pacific Recycled Textile Market
LIST OF FIGURES
Figure 1. Recycled Textiles Market Segmentation
Figure 2. Recycled Textiles Market Segmentation – By Country
Figure 3. Asia Pacific Recycled Textiles Market Overview
Figure 4. Recycled Polyester Segment Held Largest Share of Asia Pacific Recycled Textiles Market
Figure 5. China Country Held Largest Share of Asia Pacific Recycled Textiles Market
Figure 6. Asia Pacific Recycled Textiles Market, Industry Landscape
Figure 7. Asia-Pacific PEST Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 11. Asia Pacific Recycled Textiles Market Revenue Share, by Type (2019 and 2027)
Figure 12. Asia Pacific Recycled Cotton: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 13. Asia Pacific Recycled Wool: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 14. Asia Pacific Recycled Polyester: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 15. Asia Pacific Recycled Nylon: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 16. Asia Pacific Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 17. Asia Pacific Recycled Textiles Market Revenue Share, by End User Industry (2019 and 2027)
Figure 18. Asia Pacific Automotive: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Asia Pacific Retail: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Asia Pacific Mining: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Asia Pacific Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 22. Asia-Pacific: Recycled Textile Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. Australia: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 24. China: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 25. India: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 26. Japan: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 27. South Korea: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 28. Rest of Asia-Pacific: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 29. Impact of COVID-19 Pandemic in Asia Pacific Country MarketsSome of the leading companies are
- Chindi
- Khaloom Textile India Pvt. Ltd.
- Kishco Group
- Usha Yarns Limited
- Anandi Enterprises
- Hyosung Corporation
- Leign Fibers Inc.
- Martex Fiber Southern Corporation
- Renewcell AB
- Boer Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Recycled Textile market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Recycled Textile market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.