Recycled Polyester Textiles Market Trends, Regulations And Competitive Landscape Outlook to 2027
Global Recycled Polyester Textile Market: Introduction
Polyester is a manmade fiber, synthesized from petrochemical products by the polymerization process. A majority of polyester used in textile is polyethylene terephthalate (PET). 60% of the PET produced globally is used to make fibers for textiles and about 30% is used to manufacture bottles. The annual global production of textile grade virgin polyester is estimated to require about 70 million barrels of oil. This necessitates the adoption of recycling solutions to reduce environmental damage. Recycled Polyester Textile (rPET) is recovered from end-of-life apparels, bottles, and other polyester products. The energy required for the production of rPET is lesser than that required for virgin polyester. It can be either mechanically or chemically recycled, with feedstock consisting of either pre- or post-consumer waste that can no longer be used for its intended purpose.
Global Recycled Polyester Textile Market: Trends
Recycled polyester-based fabrics are ten times stronger than normal polyester fabrics and can resist the growth of fungi, mold, and bacteria. Using recycled polyester reduces the dependence on petroleum as raw material for global fabric needs. Diverting used PET bottles to recycling plants prevents them from landing into landfills, and thus reduces soil contamination and air and water pollution. The textile apparel and garments created from recycled polyester is continuously recyclable for multiple cycles without any quality degradation, which minimizes wastage. Rapid growth of the textile industry across the globe and rise in demand for sustainable products manufactured by leading companies such as Nike, Patagonia, and Otto Group to reduce energy and carbon emissions are expected to boost the recycled polyester textiles market during the forecast period. However, currently, there are many industrial challenges poised for recycling polyester textiles. Solving quality issues through contaminations of various additives such as antioxidants, pigments, stabilizers or anti-blocking agent, and shortening of polymer chain at de-polymerization stage and ensuring constant industrial feedstock and closing the loop by fostering feedstock from textile pre- and post-consumer waste is a critical task. Moreover, recycling of polyester has not yet reached economical scale of production. These challenges are still to be overcome at the factory level and also in the global recycled polyester textiles market.
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Global Recycled Polyester Textile Market: Segmentation
Based on application, the global recycled polyester textile market can be divided into clothing, medical textiles, and others. In terms of region, the recycled polyester textiles market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Based on consumption, North America and Europe are expected to lead the recycled polyester textiles market during the forecast period. Rise in awareness regarding sustainable textile production is propelling the demand for recycled polyester textiles for sustainable textile production. Many companies in countries such as the U.S., Italy, and Germany are working together with environmental organizations to recycle waste plastic bottles to create sustainable products. Additionally, many fashion designers are adopting sustainable clothing to support the environment. The recycled polyester textiles market in Asia Pacific is anticipated to expand at a rapid pace in the near future. Rise in population and rapid growth of the textile industry in emerging economies such as India and China are some of the factors that are expected to fuel the recycled polyester textiles market during the forecast period. Latin America and Middle East & Africa are less mature region of the recycled polyester textiles market due to low product awareness. However, product awareness through brand promotion and capacity expansion by various textile producers are likely to boost sales in these regions during the forecast period.
Global Recycled Polyester Textile Market: Key Players
Key players operating in the recycled polyester textiles market include Lenzing AG, Teijin Ltd, Foss Performance Materials, and Vivify Textiles.
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