Global recycled yarn market expected to grow 6.3% CAGR at 2023-2029 period
According to QY Research, The global Recycle Yarn market size is estimated to be worth US$ 4391.8 million in 2022 and is forecast to a readjusted size of US$ 6769.5 million by 2029 with a CAGR(Compound annual growth rate) of 6.3% during the forecast period 2023-2029.
The expansion of this market is driven by the growing consumer demand for environmentally friendly products and a heightened awareness of environmental concerns. The global market for recycled yarn is anticipated to be led by the recycled PET yarn segment, followed by the recycled cotton yarn and recycled nylon yarn segments.
Recycled Polyester Filament Yarn Market size was valued at USD 50.67 Billion in 2020 and is projected to reach USD 89.24 Billion by 2028, growing at a CAGR of 7.34% from 2021 to 2028.
In response to the global energy crises and the increasing demand for eco-friendly energy sources, polyester fibers have gained widespread usage in the textile sector due to their notable strength, durability, and cost-effectiveness.
A new method has been developed to recycle wastewater polyester bottles and transform them into fibers, subsequently employed in producing single jersey knitted fabrics. This innovative approach presents an economically and environmentally friendly solution by utilizing wastewater polyester bottles as a valuable resource for textile applications while ensuring that the resulting fabrics exhibit properties comparable to those made from virgin polyester.
Swiss spinning technology leader Saurer, along with partners Inovafil and Renewcell, has launched a significant initiative in the textile industry. Saurer showcased the spinning of Circulose, a new fiber made entirely from textile waste, using their advanced rotor, ring, and air-spinning systems at ITMA 2023.
Renewcell utilizes its patented process to recycle cellulosic-rich textile waste, including used cotton garments and production scraps. This innovative approach transforms the waste into a pristine material known as CIRCULOSE®, which is further processed into fibers and spun into new yarn for textile production.
Säntis Textiles, a Swiss-owned company based in Singapore, partnered with Temsan from Turkey to commercially produce RCO100 technology. This innovative technology enables the conversion of pre- and post-consumer cotton garment waste into 100% recycled yarns without chemical processes. These initiatives demonstrate notable advancements in sustainable textile production.
Recover, Rieter, and Polopiqué have joined forces to create high-quality ring-spun cotton yarns with more mechanically recycled fibers than was previously achieved. They developed a Ne 30 compact yarn comprising 40% recycled post-industrial fabric waste, above the average 20% recycled fibre content in recycled ring yarn manufacture.
The partnership uses a ring spinning method using Rieter’s comber and COMPACTdrum compacting device. Recycled cotton fibers are combined in a 50/50 ratio with virgin cotton, and unwanted short fibers and neps are successfully eliminated during combing. This improves yarn quality and the performance of the ring-spinning machine.
Franziska Häfeli, Rieter’s head of sales and marketing, expressed pride in the collaboration, emphasizing the importance of making recycling mainstream through spinning recycled fibers.