Recycle Yarn Market Size Forecast to Reach $5 Billion by 2025
Posted on Aug 3 2020 10:20 AM "Sustainability and Rising Environmental Concerns Driving the Growth of Recycle Yarn Market." Recycle Yarn Market size is forecast to reach $5 billion by 2025, after growing at a CAGR of 6.5% during 2020-2025. The recycled yarn is a continuous length of synthetic fibers fabricated from the unused or waste products generated by textile industries. Recycling the yarn helps in waste management and makes the world, a better place to live. An increase in demand for a high-quality apparel with good durability and strength across various applications like automotive, building, and other industries is driving the growth of recycle yarn market globally. Moreover, government awareness programs and steps towards sustainability such as buyback schemes for PET bottles is also contributing to the growth of recycle yarn market size. Type of Fiber- Segment Analysis Based on type, the recycle PET yarn segment holds the largest share of more than 35% in the recyc...