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Market Overview of Global Recycled Wool market:
According to our latest research, the global Recycled Wool market looks promising in the next 5 years. As of 2022, the global Recycled Wool market was estimated at USD 112.0 million, and it's anticipated to reach USD 153.27 million in 2028, with a CAGR of 5.37% during the forecast years.
Impacts from the short term
The new coronavirus has been considered a "pandemic" by the World Organization, and few countries can escape its effects. At present, the world's major consumer and production countries, such as the United States, Japan, the United Kingdom, and so on, are all trapped in the mire. Although isolation measures were not taken immediately in order not to affect economic development, the growing severity of the epidemic has affected the normal production of enterprises, as well as consumption, imports and exports between countries. The main consumption areas of Recycled Wool are some countries in Europe and Asia, which are also the hardest hit areas of the current epidemic. It is expected that the sales volume of Recycled Wool will not grow too much in the short term and may even shrink.
Impacts from the long term
In the long run, the market potential of Recycled Wool is huge. Recycled Wool material is made from waste recycling in line with people's environmental protection concept, and it is a part of the current popular circular economy, and it will continue to develop with the increasing development of circular economy. In addition, as some developing countries, led by China, refuse to accept waste from developed countries, this will force developed countries to solve their own waste, which will also bring certain opportunities to the Recycled Wool industry.
Region Overview:
In 2022, the share of the Recycled Wool market in Asia Pacific stood at 50.68%
.
Company Overview:
Novetex is one of the major players operating in the Recycled Wool market, holding a share of 13.40% in 2023.
Established in 1976 as part of the Novel Group, Novetex Textiles Limited is a yarn spinner with headquarter located in Hong Kong and spinning factories located in Zhuhai, southern China. The company's latest development is the Blillie System, a HK $1.5 million investment by Novetex Textiles Limited launched in 2019, which offers an innovative way for brands and companies looking to recover excess inventory, unused raw materials or textile scraps, Has been recognized in the global Innovation awards, won the Gold Medal at the Geneva International Exhibition of Inventions, and won the Bronze Award at the Hong Kong Green Innovation Awards 2019 (HKGIA).
Nuova Fratelli Boretti (NFB) is a company that uses recycled materials to make textiles.
Lanificio Becagli was founded in 1991. The Company's line of business includes manufacturing textile materials and products for clothing use.
Segmentation Overview:
By type, Reused Wool segment accounted for the largest share of market in 2022.
Application Overview:
The market's largest segment by application is the segment Retail, with a market share of 59.20% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Recycled Wool market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Recycled Wool Market Report:
Market Size Estimates: Recycled Wool market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Recycled Wool market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Recycled Wool market
Segment Market Analysis: Recycled Wool market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Recycled Wool market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Recycled Wool Market: Revenue and sales volume of major countries in each region
Recycled Wool Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Recycled Wool market in major regions.
Recycled Wool Industry Value Chain: Recycled Wool market raw materials & suppliers, manufacturing process, distributors, downstream customers
Recycled Wool Industry News, Policies & Regulations
Key players in the global Recycled Wool market are covered in Chapter 12:
Khaloom
Manteco
Lanificio Becagli
The Tartan Blanket Co.
Usha Yarns Ltd.
GEETANJALI WOOLLENS PRIVATE
Kishco Group
Nuova Fratelli Boretti (NFB)
Novetex
Leigh Fibers Inc.
In Chapter 2 and Chapter 15.1, based on types, the Recycled Wool market from 2018 to 2028 is primarily split into:
Reprocessed Wool
Reused Wool
In Chapter 3 and Chapter 15.2, based on applications, the Recycled Wool market from 2018 to 2028 covers:
Automotive
Retail
Mining
Building & Construction
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Recycled Wool market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028