Report Feature
Recycled POY Yarn Trends and Forecast
The future of the global recycled POY yarn market looks promising with opportunities in the apparel and industrial markets. The global recycled POY yarn market is expected to grow with a CAGR of 16.0% from 2024 to 2030. The major drivers for this market are growing demand for sustainable textiles, increasing preference for eco-friendly products, and rising demand for this yarn in various industries, such as textiles, automotive, and home furnishings.• Lucintel forecasts that 50D is expected to witness the highest growth over the forecast period.
• Within this market, apparel is expected to witness the higher growth.
• Europe is expected to witness highest growth over the forecast period.
United States: Target Corporation announced targets to increase the use of recycled POY yarns in their textile products, aligning with sustainability goals. India: Reliance Industries Limited invested in recycling technologies for PET bottles, a major source of raw material for POY yarn production. China: Zhejiang Hengyi Group expanded production capacity for recycled POY yarns to cater to the growing demand in Asia-Pacific markets. Germany: H&M Group committed to sourcing a significant percentage of their textiles from recycled materials, including POY yarns, by a specified target year. A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Recycled POY Yarn by Segment
The study includes a forecast for the global recycled POY yarn by type, application, and region.Recycled POY Yarn Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• 50D
• 75D
• 150D
• Others
Recycled POY Yarn Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Apparels
• Industrial
• Others
Recycled POY Yarn Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Recycled POY Yarn Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies recycled POY yarn companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the recycled POY yarn companies profiled in this report include-• Haili Environmental Technology
• Eastern Shenghong
• Aditya Birla Yarn
• LIBOLON
• Revalyu Recycling
Recent Development in the Recycled POY Yarn Market
Zhejiang Hengyi Group: Expanded production capacity for recycled POY yarns, emphasizing quality control measures and eco-friendly production processes. Reliance Industries Limited: Invested in advanced recycling infrastructure to increase the availability of recycled PET (polyethylene terephthalate) for POY yarn production, contributing to a circular economy model. Aditya Birla Group: Collaborated with fashion designers to create collections using sustainable textiles made from recycled POY yarns, promoting eco-friendly fashion trends. Target Corporation: Announced plans to source a significant portion of their textile products from recycled materials, including POY yarns, as part of their sustainability commitments. H&M Group: Committed to increasing the use of recycled materials in their textile supply chain, including recycled POY yarns, to reduce environmental impact and promote sustainable fashion practices.Features of the Global Recycled POY Yarn Market
Market Size Estimates: Recycled POY yarn market size estimation in terms of value ($B). Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions. Segmentation Analysis: Recycled POY yarn market size by type, application, and region in terms of value ($B). Regional Analysis: Recycled POY yarn market breakdown by North America, Europe, Asia Pacific, and Rest of the World. Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the recycled POY yarn market. Strategic Analysis: This includes M&A, new product development, and competitive landscape of the recycled POY yarn market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.FAQ
Q1. What is the growth forecast for recycled POY yarn market? Answer: The global recycled POY yarn market is expected to grow with a CAGR of 16.0% from 2024 to 2030. Q2. What are the major drivers influencing the growth of the recycled POY yarn market? Answer: The major drivers for this market are growing demand for sustainable textiles, increasing preference for eco-friendly products, and rising demand for this yarn in various industries, such as textiles, automotive, and home furnishings. Q3. What are the major segments for recycled POY yarn market? Answer: The future of the recycled POY yarn market looks promising with opportunities in the apparel and industrial markets. Q4. Who are the key recycled POY yarn market companies? Answer: Some of the key recycled POY yarn companies are as follows:• Haili Environmental Technology
• Eastern Shenghong
• Aditya Birla Yarn
• LIBOLON
• Revalyu Recycling Q5. Which recycled POY yarn market segment will be the largest in future? Answer: Lucintel forecasts that 50D is expected to witness the highest growth over the forecast period. Q6. In recycled POY yarn market, which region is expected to be the largest in next 5 years? Answer: Europe is expected to witness highest growth over the forecast period. Q7. Do we receive customization in this report? Answer: Yes, Lucintel provides 10% customization without any additional cost.
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Buy Now
Choose a license that fits your team. Instant PDF delivery.
Prices exclude taxes. Instant delivery. Custom licensing available on request.
Key Questions
- • What are some of the most promising, high-growth opportunities for the recycled POY yarn market by type (50D, 75D, 150D, and others), application (apparels, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to Recycled POY Yarn Market, Recycled POY Yarn Market Size, Recycled POY Yarn Market Growth, Recycled POY Yarn Market Analysis, Recycled POY Yarn Market Report, Recycled POY Yarn Market Share, Recycled POY Yarn Market Trends, Recycled POY Yarn Market Forecast, Recycled POY Yarn Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
