The Recycled Fabric Market is projected to achieve a value of USD 11.67 Billion in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 26.35 Billion by 2033 with a CAGR of 4.1% during the forecast period 2024-2033.
Recycled fabric, also known as eco-friendly fabric or sustainable fabric, is textile material created by processing and reusing discarded or post-consumer textile products to reduce waste and minimize the environmental impact of the textile industry. Recycled fabric can be made from various sources, including old clothing, textile waste, and post-industrial textile scraps.
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Consumers are increasingly aware of the environmental impact of the fashion industry. A 2023 survey by We Market Research found that 98% of Americans overestimate the actual amount of discarded textiles that are recycled. However, a majority of respondents (76%) believe it is very or extremely important that companies increase the amount of recycled materials they use to make clothing.
Consumers are willing to pay more for clothes made from recycled materials. A 2023 Accenture survey found that more than half of consumers said they would pay more for sustainable products designed to be reused or recycled. Nearly two-thirds (66%) of respondents said they would be willing to pay more for clothes made from recycled polyester, these perception is set to bring a positive trend for the overall growth of recycled fabric market.
Consumers are interested in the ethical and sustainability practices of fashion brands. A 2023 Fashion Revolution survey found that the majority of people think it is important that fashion brands have ethical (72%) and sustainability (80%) certifications.
Segments:
Market, By Product Type
- Recycled Polyester Staple Fiber
- Recycled Polyester Filament Yarn
Market, By Fabric Type
- Recycled Polyester Fleece
- Recycled Polyester Knits
- Recycled Polyester Woven
- Recycled Polyester Nonwovens
Market, By Recycling Process
- Mechanical Recycling
- Chemical Recycling
- Blended Fabrics
Market, By End-Use
- Apparel
- Home Textiles
- Automotive
- Industrial
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Competitive Analysis
Lenzing Group, Birla Cellulose, Hyosung TNC, Unifi, Inc. and Patagonia, Inc.
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