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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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