Middle East and Africa Recycled Textile Market Analysis and Opportunities by 2027
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)
- Status : Published
- Report Code : TIPRE00017954
- Category : Chemicals and Materials
- No. of Pages : 88
- Available Report Formats :
- Last update date : February 05, 2021
2019 Market Size
US$ 403.85 Mn
Base year value
2027 Forecast
US$ 608.73 Mn
Projected by 2027
CAGR 2020-2027
5.4 %
Growth rate
Addressable Market
US$ 4,123.27 Mn
(2020-2027)
The recycled textile market in Middle East and Africa is expected to grow from US$ 403.85 million in 2019 to US$ 608.73 million by 2027; it is estimated to grow at a CAGR of 5.4% from 2020 to 2027.
South Africa, Saudi Arabia, UAE, and Rest of MEA are the major economies in Middle East and Africa. Rapid growth of the retail and automotive industry will boost its demand in the market. Textile and apparel retail industries are considered to be one of the fastest-growing industries, which significantly contribute towards the growth of the economy. The move towards worldwide retailing or remote shopping has driven the growth of fashion, textiles, and apparel industries, enabling customers to increasingly demand textile products. For instance, during the last 15 years, the production clothing for retail purposes have nearly doubled which is attributable to shift in consumer lifestyle coupled with increase in disposable income and rise in per capita sales in developing and developed economies. Further, the rise in foreign direct investments by leading manufacturers across emerging economies is also stipulating the demand for better form of textile products. All such factor has resulted in growth of retail industry in clothing and textile sector. The growth of these sectors is expected to generate more textile wastes, thereby, generating the demand for recycling of textile. Apart from clothing and apparel industries, automotive industry is also expected to positively influence market demand for recycled textile. The growth of automotive industry along with increased focus towards aesthetics of passenger vehicle and increased consumer spending towards vehicle appeal are altogether generating the demand for automotive textile products such as seat belt, nylon tyre cord, upholstery, car seat and body covers, automotive carpets, sunvisors/sunblinds and airbags and others. It has led to increased amount of automotive textile waste which generates the needs to be recycled. Thus all these factors are expected to positively impact its market growth.
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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the Middle East and Africa recycled textile market is expected to grow at a good CAGR during the forecast period.
Middle East and Africa Recycled textile Market Revenue and Forecast to 2027 (US$ Mn)
Middle East and Africa Recycled textile Market Segmentation
Middle East and Africa Recycled textile Market – By Type
- Recycled Cotton
- Recycled Wool
- Recycled Polyester
- Recycled Nylon
- Others
Middle East and Africa Recycled textile Market – By End- user Industry
- Automotive
- Retail
- Mining
- Others
Middle East and Africa Recycled textile Market, by Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Middle East and Africa Recycled textile Market-Companies Mentioned
- Kishco Group
- Anandi Enterprises
- Hyosung Corporation
- Leign Fibers Inc.
- Martex Fiber Southern Corporation
- Boer Group
Middle East and Africa Recycled Textile Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 403.85 Million |
| Market Size by 2027 | US$ 608.73 Million |
| CAGR (2020 - 2027) | 5.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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