Recycled Plastic Fabric Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026


#5856

Transparency Market Research

$ 5795

Global Recycled Plastic Fabric Market: Overview

Recycled plastic fabric is broadly defined as collection of waste plastic fabrics that are recycled, processed with various technologies, and finally treated with chemicals and additives to produce a newer plastic fabric. Most companies create fabrics from plastic waste from oceans. This fabric is known as Oceania plastic fabric. It is finally converted into fibers by utilizing zero-waste 3D printing technology. Adidas, G-Star Raw, and Patagonia are some of the leading brands that produce fabrics from recycled wool and recycled polyester, which is made from fiber created from used plastic bottles, unusable manufacturing waste, and worn-out garments. For instance, Adidas AG, a leading manufacturer of shoes, clothing, and accessories, formed a partnership with Parley for the Oceans, an environmental organization, to produce running shoes made from 95% recycled ocean plastic, typically recycled polyester. In 2017, Adidas AG announced the production of one million pair of footwear using recycled plastic from coastal areas.

Global Recycled Plastic Fabric Market: Key Segments

The global recycled plastic fabric market can be segmented based on product and application. In terms of product, the global recycled plastic fabric market can be categorized into polyester terephthalate (PET), polyurethane, HDPE, LDPE, polypropylene, nylon, and others. Recycled polyester-based fabrics are ten times stronger than normal polyester fabrics and can resist the growth of fungi, mold, and bacteria. Based on application, the market can be classified into clothing, industrial, medical, and household & furnishing. Clothing is a leading application segment of the global recycled plastic fabric market. Rapid expansion of the textile industry across the globe and shift in demand toward sustainable products manufactured by leading companies such as Nike, Patagonia, and Otto Group to reduce energy and carbon emissions are expected to boost the segment during the forecast period. Medical application of recycled plastic fabrics is also expected to gain popularity due to rise in geriatric population and increase in demand for antimicrobial textiles. 

Increase in pollution and global warming due to rise in accumulation of plastics near coastal areas is anticipated to drive the recycled plastic fabric market during the forecast period. Utilization of recycled plastics for manufacturing fabrics aids in significant reduction in energy and carbon dioxide emissions. Recycling of plastic into fabrics is an expensive process as it contains harmful chemicals that may require further processing, making the process expensive and labor intensive. This is expected to restrain the market.

Global Recycled Plastic Fabric Market: Regional Outlook

In terms of geography, the recycled plastic fabric market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, North America and Europe are expected to lead the market during the forecast period. Rise in awareness regarding sustainable textile production is propelling demand for recycled plastics for textile production. Many companies in the U.S., Italy, Germany, etc. are joining hands with environmental organizations to recycle waste plastic bottles in order to create sustainable products. In addition, many fashion designers are also coming forward to adopt sustainable clothing to support the environment. The market in Asia Pacific is expected to expand at a rapid pace in the near future. Rise in population and rapid expansion in the textile industries in emerging economies such as India, China, etc. are some of the factors expected to fuel the market during the forecast period. Latin America and Middle East & Africa are less mature region of the market compared to other regions due to low product awareness. However, product awareness through brand promotion and capacity expansion by various textile producers is likely to boost sales in the regions during the forecast period.

Global Recycled Plastic Fabric Market: Key Players

Key players operating in the recycled plastic fabric market are Lenzing AG, Teijin Ltd, Foss Performance Materials, and Vivify Textiles.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.