Global Recycled PET FDY Yarn Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Recycled PET FDY Yarn Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Recycled PET FDY yarn is made by rolling recycled plastic bottles into pieces and wire-drawing. It can be recycled and effectively reduce carbon dioxide emissions, saving nearly 80% of energy compared to the conventional process of polyester fiber production.

Market Overview:

The latest research study on the global Recycled PET FDY Yarn market finds that the global Recycled PET FDY Yarn market reached a value of USD 321.66 million in 2022. It’s expected that the market will achieve USD 421.76 million by 2028, exhibiting a CAGR of 4.62% during the forecast period.

Due to the impact of COVID-19, the production of recycled PET FDY yarn industry is more difficult, mainly due to the shortage of upstream materials and labor of enterprises. The marketing price of recycled PET FDY yarn industry tends to decline due to the decrease of market orders and other reasons. As the front-end waste recycling is mainly carried out by residential communities and stores and supermarkets, social isolation measures after the outbreak of COVID-19 have made it difficult for the waste paper work in these two channels to operate normally, and logistics disruption caused by the epidemic blockade is also an important factor leading to supply problems. At the same time, the downstream end also shows a very pessimistic situation, which is embodied in: the operating rate of weaving enterprises is low to freezing point, and the purchasing enthusiasm of weaving enterprises is low.

The recovery of consumption in the post-epidemic era is expected to drive the active replenishment of inventory in all links of the garment industry chain, thus greatly driving the growth of demand for textile raw materials such as recycled PET FDY yarn. In 2020, due to the impact of the epidemic, the price spread of recycled PET FDY yarn fell to a low level. At present, recycled PET FDY yarn is benefiting from the recovery of filament demand and the promotion of upward cost, polyester filament price is in the recovery channel.

Market Drivers

Nowadays, polyester as a representative of chemical fiber products in daily life is taking an increasingly large proportion, but with the increasing shortage of natural resources such as oil and increasing demand, some experts predict that if new oil fields cannot be detected, the current oil well production can only last for several decades. Therefore, people began to focus on the production of recycled polyester fiber, that is, through the reprocessing of original polyester products, to get new recycled products, which can not only effectively use resources, but also protect the environment, reduce white pollution. With the development of recycled polyester industry, recycled polyester fiber and textile clothing produced from waste polyester bottles gradually become popular. The use of recycled polyester fiber fabric and clothing has become a fashion and has great market development potential.

Market Development Constraints

Many enterprises still is given priority to with producing low-grade padding and non-woven, in technology, personnel, equipment, product development, market development and sustained effort, lack of system management level is not high, cause production discontinuous, difficult to form large-scale production, and products are still mainly low-grade cotton type, filler and non-woven, The development of high value-added products such as functional filament products, high-grade knitted fabrics and high-grade home textile fabrics required by the market is insufficient, which cannot form a virtuous circle of industry development trend.

Region Overview:

Geographically, Asia Pacific held the largest market share -- 39.76% in 2022.

Company Overview:

Unifi, Zhejiang Haili Environmental Technology Co.,Ltd, Zhejiang Jiaren New Materials, Shandong Grand New Material Technology and Cixi Xingke Chemical Fiber are the five key players in the global Recycled PET FDY Yarn market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Recycled PET FDY Yarn market in the past 5 years.

Unifi

Unifi Inc. is one of the world's largest producers and processors of textured yarns. The company's primary business is the texturing, dyeing, twisting, covering, and beaming of multi-filament polyester and nylon yarns. Unifi's textured yarns are found in home furnishings, apparel, and industrial fabrics, automotive, upholstery, hosiery, and sewing thread.

Zhejiang Haili Environmental Technology Co.,Ltd

Zhejiang Haili Environmental Technology Co., Ltd. is a renewable polyester resources comprehensive utilization enterprise, the National Development and Reform Commission Double Hundred Project one hundred resources comprehensive utilization backbone enterprise, national green factory. The company mainly develops, produces and sells recycled polyester raw materials and differentiated polyester filament.

Segmentation Overview:

By type, White Yarn segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Clothing, with a market share of 57.32% in 2022.

Key Companies in the global Recycled PET FDY Yarn market covered in Chapter 3:

Longfu Recycling Energy Scientech
Zhejiang Haili Environmental Technology Co.,Ltd
Unifi
Thai polyester Co., Ltd.
perPETual Technologies GmbH
Jiangsu Zhongyuan Industrial Group Co., Ltd
Shandong Grand New Material Technology
Jinxia New Materials
Zhejiang Jiaren New Materials
Cixi Xingke Chemical Fiber

In Chapter 4 and Chapter 14.2, on the basis of types, the Recycled PET FDY Yarn market from 2018 to 2029 is primarily split into:

White Yarn
Black Yarn
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Recycled PET FDY Yarn market from 2018 to 2029 covers:

Clothing
Home Textile

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)