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Recycled Natural Fibers Market - Forecast(2023 - 2028)
Recycled Natural Fibers Market Overview
The Recycled Natural Fibers market size is
estimated to reach a value of US$1.2 billion by the end of 2027 after growing at a CAGR of 5.8% during the forecast period 2022-2027.
Recycled natural fibers are the fibers obtained as a by-product when the fabric
waste of natural fibers such as cotton is mechanically broken down and used as
raw material in other products. Such fibers besides synthetic fibers such as
linen, polyester and nylon have high durability and insulating properties which
is creating a drive in their market demand. Major end-use industries such as
automotive, building & construction and textile use recycled natural fibers
for applications such as seat covers, cement paste and apparel manufacturing.
Factors such as the rapid increase in automotive production, growing
construction activities and bolstering growth in the medical & healthcare
sector are driving the growth of the recycled natural fibers industry. However,
the expensive nature of the recycling process is causing a restrain in the recycled natural fibers market growth, thereby negatively impacting the recycled natural fibers market
size. Recycled natural fibers demand decreased during the COVID-19 pandemic due
to the shutting down of factories, plants and sites of major end-users of the
fibers such as automotive, textiles and building & construction which
negatively impacted the recycled natural fibers industry outlook.
Recycled Natural Fibers Market Report Coverage
The report: “Recycled Natural Fibers Market Report
– Forecast (2022 – 2027)” by IndustryARC, covers an in-depth analysis of
the following segments in the Recycled Natural Fibers Industry.
Key Takeaways
- Asia-Pacific dominates the Recycled Natural Fibers market due to the region being the manufacturing hub for automotive and textiles which are major end-users of recycled natural fibers.
- High-performance properties of recycled natural fibers such as cotton in comparison to nylon & polyester are propelling their demand and usage in industrial sectors which has positively impacted the recycled natural fibers industry outlook.
- The growing usage of recycled cotton in cement paste has accelerated the demand for recycled natural fibers in the sector which has positively impacted the market growth during the forecast period.
- The expensive nature of the recycling process of natural fibers could hamper the production of recycled natural fibers, thereby negatively impacting the recycled natural fiber market size during the forecast period.
Recycled Natural Fibers Market Segment Analysis – by Type
Cotton held the largest share in the Recycled Natural Fibers
market share in 2021 and is forecasted to grow at a CAGR of 5.6% during the
forecast period 2022-2027. Recycled cotton has good durability and tensile
strength and unlike synthetic fibers such as nylon & polyester, it is
highly biodegradable. Due to such advantageous features, recycled cotton has
high industrial applicability in end-use industries such as textiles,
automotive and building & construction, where it is majorly used in seat
covers, cement & mortar and during manufacturing apparel & clothing
items. Rapid development & growth shown by these sectors over the years has
created a surge in the market demand for recycled cotton which has contributed
to the segment growth of recycled cotton during the forecast period.
Recycled Natural Fibers Market Segment Analysis – by End-use Industry
The Textile sector held the largest share in the Recycled
Natural Fibers market share in 2021 and is forecasted to grow at a CAGR of 5.9%
during the forecast period 2022-2027. Recycled natural fibers such as cotton have
high applicability in the textile sector, as such fibers are used in making
apparel & garment items. The textile sector has grown significantly over
the years on account of an increase in textile production resulting from high
demand. For instance, according to the Ministry of Industry and Information
Technology, China’s garment production output from January to February 2022,
stood at 4.14 billion pieces which showed a 1.4% increase compared to 2021 same
months. Furthermore, according to the Bureau of Economic Analysis, in Q3 of
2021, the textile and apparel production output of the US increased by 6.9% in
comparison to Q3 of 2020. With such an increase in production output of the textile
sector the demand and usage of recycled natural fibers for apparel and garments
are also anticipated to increase, thereby positively impacting the growth of the
recycled natural fibers market during the forecast period.
Recycled Natural Fibers Market Segment Analysis – by Geography
The Asia-Pacific held the largest share in the Recycled Natural Fibers market share up to 40% and is forecasted to grow at a CAGR of 6.1% during the forecast period 2022-2027. The high applicability of recycled natural fibers in the automotive, textile and building & construction sectors is significantly influencing its market demand in the region. Growing investment inflows coupled with rapid urbanization have resulted in the rapid growth of these sectors, thereby increasing their production output. According to the International Organization of Motor Vehicle Manufacturers, in 2021, China’s automotive production increased by 3% in comparison to 2020. Also, according to Japan’s Ministry of Land, Infrastructure, Transport and Tourism, in May 2022, construction orders in Japan increased by 19.5% in comparison to 2021 same month. Furthermore, according to the Indian Brand Equity Foundation, India’s textile and apparel market is expected to reach US$190 billion by 2025-2026. Such rapid development in the major end users of recycled natural fibers is anticipated to boost their demand, thereby boosting the growth of the recycled natural fibers market during the forecast period.
Recycled Natural Fibers Drivers
The Rapid Increase in Automotive Production:
Recycled natural fibers such as
cotton have high applicability in the automotive sector due to their
high insulation and good tensile strength which is used in making seat covers and
dashboards. Growing demand for automotive due to rapid urbanization and adoption
of upgraded technology in automotive manufacturing has increased automotive
production output. For instance, according to the International Organization of
Motor Vehicle Manufacturers, in 2021, the global automotive production stood at
80.1 million units showing a 3% increase in comparison to 2020. Furthermore,
according to the same data, automotive production in the US increased by 4% in
2021 in comparison to 2020 production. With the increase in the automotive
production output, the demand for recycled natural fibers such as cotton for
seat covers and dashboard applications has also increased, thereby boosting the
growth of the recycled natural fibers industry during the forecast period.
Bolstering Growth in Construction Sector:
Due to high absorbency, durability
and tensile strength recycled natural fibers are majorly used in cement paste
and mortar applications in the building & construction sector. Due to
growing construction projects and
investment inflows, the building & construction sector has grown
significantly. For instance, according to US Census Bureau, in June 2022, private
housing completion stood at 1,365,000 units showing a 1.4% increase in
comparison to June 2020. Furthermore, according to Germany’s Federal Statistical
Office, in January 2022,
the construction of
29,951 dwellings was permitted in Germany, showing an increase of 8.3% compared
to 2021 same month. Such an increase in construction output will boost the
demand and usage of recycled natural fibers in the building & construction
sector, thereby having a positive impact on the growth of the recycled natural
fibers industry.
Recycled Natural Fibers Market Challenge
Costly Nature of Recycling Process:
Recycled Natural Fibers especially
cotton have high industrial applicability in the automotive, building &
construction, textiles and medical & healthcare sectors. However, the
costly nature of the recycling process of these fibers results in their higher
prices in comparison to general manufactured fibers. Recycling being a dynamic
process requires the usage of modern waste segregation, cutting machines and
high-speed balers. The expensive nature of these machinery has resulted in
their lack of affordability by the small and medium size recycling firms which
has caused a restrain in the production output of the recycled natural fibers,
thereby negatively impacting the recycled natural fibers market size during the
forecast period.
Recycled Natural Fibers Industry Outlook
Technology launches, acquisitions
and R&D activities are key strategies adopted by players in the Recycled
Natural Fibers market. The top 10 companies in the Recycled Natural Fibers Market
are:
- Pistoni S.r.l
- Procotex
- Leigh Fibers Inc.
- Indorama Ventures
- Martex Fiber
- Polyfiber Industries Pvt. Ltd.
- Poole Company Inc.
- RSWM Ltd.
- Unifi Inc.
- Gama lplik
Recent Developments
- In January 2022, Bast Fiber Technologies entered into a definitive agreement to acquire Lumberton Cellulose LLC which is a natural fiber processing facility in Lumberton, North Carolina.
- In December 2021, New York-based company Blackstone announced the acquisition of Sustana Group which is a manufacturer of sustainable recycled fiber products.
- In December 2021, Klopman which is a European manufacturer of work-wear fabric launched a new fabric Luminex C50 RPES which is made from recycled polyester that has high visibility.
Relevant Reports
Report Code – CMR 63708
Report
Code – CMR 65361
Report Code – CMR 33653
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