Global Recycled PET Fiber Market by Type (Recycled PET Filament, Recycled PET Staple Fiber), By Application (Apparel and Fashion, Home Furnishing, Filtration, Construction, Automotive, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Recycled PET Fiber Market size is projected to grow at a CAGR of 4.7% during the forecast period, between 2021 and 2028. It is estimated to be worth US$4.86 billion by 2028 from US$3.24 billion in 2021. The growth of this market is driven by various factors such as increasing environmental concerns among consumers and manufacturers, increasing disposable incomes in emerging economies, favorable government policies for recycling plastic waste into fibers, etc.

Recycled PET Fiber is a new type of fiber made from recycled plastic bottles. The process starts with an end-of-life bottle that has had its original contents removed and been cleaned down to the raw resin, which is called RDF (residuals derived fuel). This material is then blown into long fibers where it becomes like wool or cotton in softness. These are spun into roving for knitting yarn or fabric, cut up as staple fiber, thermally bonded together as sheeting, or molded into pellets for other production processes—all without any use of water or toxic chemicals.

On the basis of Types, the market is segmented into Recycled PET Filament and Recycled PET Staple Fiber.

Recycled PET Filament:

PET filament is a continuous thermoplastic polymer, made by drawing polyester fibers. PET filaments are used to create textiles or plastic films that can be recycled again and again because they don’t degrade easily in nature thanks to their high molecular weight. These materials are also more environmentally friendly than many other plastics since they contain no chlorine, which makes them 100% recyclable.

Recycled PET Staple Fiber:

Recycled PET staple fiber is a type of recycled polyester that has been processed to make it into long, continuous fibers. The key difference between this product and other types of recycled polyester fibers is its length, which ranges from about 0.25 inches (0.64 centimeters) up to several feet in some cases. Recycled PET filament can be woven or spun just like virgin polymer materials, but because of the strong nature of these filaments, they are often used for non-woven applications such as carpeting and automotive headliners as well as insulation products for home building construction projects.

On the basis of Application, the market is segmented into Apparel and Fashion, Home Furnishing, Filtration, Construction, Automotive, and Others.

Apparel and Fashion:

Recycled PET Fiber is used in Apparel and Fashion. The recycling process includes washing it with water, separating the fibers from other materials such as polymers. It can be then spun into yarns or woven into fabrics or garments for use in clothing manufacturing.

Home Furnishing:

The home furnishing segment is the fastest-growing application of recycled PET fiber; it accounted for more than 37% in 2017. The demand can be attributed to the surging popularity of sustainable lifestyles and green building, which are leading consumers to choose products with lower environmental impact. Home furnishings covered by this category include furniture such as sofas, chairs, tables, and beds made from recycled materials that have served their initial purpose. These items may also serve dual purposes when they are incorporated into other living spaces or used outside homes, like patio sets or outdoor seating arrangements.

Filtration:

The primary application of recycled PET fiber is in the manufacturing of filter materials. The fibers are used to remove impurities from water and provide a clean drinking supply, as well as filter out particles that may be harmful to human health. These filters are found in refrigerators, air conditioners, washing machines, cars, and many other places where it might not be possible or desirable for people to drink unfiltered tap water straight from the source.

Construction:

Construction is one of the sectors that make use of recycled PET fiber. For example, a company called BPB Plastics Inc., in Ontario, Canada has been using post-consumer plastic bottle waste for their products and services to be used as building materials. They do this by turning them into boards which can then be used for floors or siding for buildings. The result after being processed are boards with properties including durability and lightness which provide great insulation when combined together with windows or door frames. Recycled bottles can also be turned into panels to form walls; however, they have not yet had much demand due to their high cost against new construction methods such as drywall sheets.

Automotive:

Recycled PET Fiber is used in Automotive applications, such as seat belts and airbags. Demand for these products has been continuously increasing due to their high strength, good rigidity, and low weight properties when compared to other materials like nylon or polyester. With rising demand from various automotive manufacturers coupled with lower manufacturing costs because of the availability of waste material, there are huge opportunities available for the global recycled PET fiber industry.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In the Asia Pacific, China dominates the market for both application segments (filament and staple fiber). The country's dominance can be attributed mainly because of its large population base which boosts demand for clothing items made out of natural fibers that are not sustainable like cotton or polyester; hence recyclable materials like recycled PET filaments are always preferred over virgin plastics. There is also increased investment by leading brands in order to increase their production capacity in China, thereby resulting in higher consumption rates across the country.

Growth Factors For The Global Recycled PET Fiber Market:

The market is expected to witness growth due to the increasing demand for eco-friendly products. In addition, there has been a significant increase in awareness about environmental conditions and natural resource depletion. Moreover, these types of fibers are recyclable which also accounts for their popularity with manufacturers who aim at reducing their carbon footprint. The rise in disposable income globally augurs well for this industry as consumers can invest more in clothes that offer quality yet have better longevity and provide value without compromising sustainability issues.

Up Market Research published a new report titled “Recycled PET Fiber Market research report which is segmented by Types (Recycled PET Filament, Recycled PET Staple Fiber), By Applications (Apparel and Fashion, Home Furnishing, Filtration, Construction, Automotive, Others), By Players/Companies Unifi, Martex Fiber, JB ECOTEX, Inocycle, Nirmal Fibres, Komal Fibers, Jiangyin Chemical Fiber, Aquafil, Weifang Haotian Chemical Fiber, Ningbo Dafa Chemical Fiber, Shanghai Polytex, Zhejiang Haili Envieromental, Cixi Xingke Chemical Fiber, Zhejiang Jiaren New Materials, Hangzhou Huaerli Chemical Fiber, Longfu Recycling Energy Scientech, Guangdong Qiusheng, Fujian Baichuan, Suzhou Bausda Chemical Fiber”. 

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Recycled PET Fiber Market Report Segments:

The market is segmented by Type Recycled PET Filament, Recycled PET Staple Fiber and By Application Apparel and Fashion, Home Furnishing, Filtration, Construction, Automotive, Others.

Some of the companies that are profiled in this report are:

1. Unifi
2. Martex Fiber
3. JB ECOTEX
4. Inocycle
5. Nirmal Fibres
6. Komal Fibers
7. Jiangyin Chemical Fiber
8. Aquafil
9. Weifang Haotian Chemical Fiber
10. Ningbo Dafa Chemical Fiber
11. Shanghai Polytex
12. Zhejiang Haili Envieromental
13. Cixi Xingke Chemical Fiber
14. Zhejiang Jiaren New Materials
15. Hangzhou Huaerli Chemical Fiber
16. Longfu Recycling Energy Scientech
17. Guangdong Qiusheng
18. Fujian Baichuan
19. Suzhou Bausda Chemical Fiber

Recycled PET Fiber Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Recycled PET Fiber Market

Overview of the regional outlook of the Recycled PET Fiber Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Recycled PET Fiber Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Recycled PET Fiber Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Recycled PET Filament

                2. Recycled PET Staple Fiber

                1. Apparel and Fashion

                2. Home Furnishing

                3. Filtration

                4. Construction

                5. Automotive

                6. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Recycled PET Fiber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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• Understanding Competition Scenario
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Reasons to Purchase the Recycled PET Fiber Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.