Europe Recycled Textile Market Outlook and Strategic Insights by 2027

The recycled textile market in Europe is expected to grow from US$ 1,432.21 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.

Germany, France, Italy, UK, Russia, and Rest of Europe are the major economies in Europe. Shift towards sustainability along with eco-friendly initiatives by manufacturers will boost its demand in the market. 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. Further, the shift towards sustainable future coupled with eco-friendly taken by initiatives by manufacturers is altogether expected to provide opportunity for market growth. Thus all these factors are expected to positively impact its market growth.

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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the Europe recycled textile market is expected to grow at a good CAGR during the forecast period.

Europe Recycled textile Market Revenue and Forecast to 2027 (US$ Mn)

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

Europe Recycled textile Market-Companies Mentioned

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

Europe Recycled Textile Report Scope