The global recycled yarn market is expected to grow at a CAGR of 6.3 per cent from 2018 to 2025. Recycled yarn can be classified as recycled PET yarn, recycled cotton yarn, recycled nylon yarn and others in terms of raw material source. Recycled PET yarn is the major kind of recycled yarn due to the comparatively convenient source--PET bottles. Recycled PET yarn takes a 67.27 per cent share of the global recycled yarn market and the product is mainly produced in China.
The markets for recycled cotton yarn and recycled nylon yarn are more fragmented, with the US and European countries as the major producing areas. China is the biggest producer of recycled yarn. Major players are Far Eastern New Century Corporation, Haili Group, Cixi Xingke chemical fiber, Longfu Recycling Energy Scientech from China, Martex Fiber and Unifi from USA. The largest production areas of recycled yarn are China, US, Europe and India.
Recycled yarn refers to fibers recovered from waste plastic and part of natural fibers, then made into yarn. The market for recycled yarn is highly fragmented, with a series of manufacturers from transnational players to small private companies. Key regions are North America, Europe, China and Japan.