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Global Textile Recycling Market Report 2023: Heavy Industrial Discharges from Textile Mills Drives Growth - ResearchAndMarkets.com

The "Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global textile recycling market size reached US$ 5.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 6.1 Billion by 2028, exhibiting a CAGR of 2.7% during 2022-2028.

Companies Mentioned

  • Anandi Enterprises
  • American Textile Recycling Service
  • Boer Group Recycling Solutions
  • I:Collect GmbH
  • Infinited Fiber Company
  • Patagonia
  • Prokotex
  • Pure Waste Textiles
  • Retex Textiles
  • Unifi Inc.

Textile recycling refers to the method of reprocessing and reusing old clothing, scraps, and fibrous waste materials. Generally, these materials are recovered from discarded clothes, carpets, furniture, tires, footwear, and other non-durable goods, such as towels and sheets. Textile recycling offers several environmental and economic benefits, such as reducing land and water pollution, minimizing dependence on virgin fibers, curbing usage of chemical dyes, and optimum consumption of energy and water.

In recent times, it has emerged as an effective method for sustainability development in the apparel industry. Owing to these benefits, recycled textiles find wide applications across several end-use industries, including apparel, home furnishings, and other industrial sectors, such as retail, automotive, mining, building, construction, etc.

The increasing demand for recycled textile is primarily driven by the rising environmental concerns towards the detrimental impact of waste incineration, heavy industrial discharges from textile mills, and depletion of raw materials, such as silk, wool, etc. Furthermore, the growing production of synthetic and polyester fabrics have led to the high emission levels of greenhouse gases, thereby fueling the need for recycled fabrics on a global level.

Apart from this, the growing public awareness towards the importance of recycling old clothes coupled with the increasing number of collection bins for cloth sorting, have further propelled the market growth. Additionally, various recycling companies are launching informative initiatives regarding textile recycling along with introducing door-to-door pickup programs for old garments.

Furthermore, these companies are also adopting innovative strategies for picking up post-consumer clothing materials by installing attractive cloth bins in public places such as parking spaces, parks, shopping malls, walkways, and other high visibility locations. In addition to this, several technological upgradations supported by the rising penetration of automation in the recycled textile industry have also catalyzed the market growth.

For instance, Textile for Textile (T4T), an eco-innovation initiative by the European Commission, has led to the introduction of near-infrared (NIR)-spectroscopy technology for performing automated sorting applications in the recycled textile sector.

Moreover, the emergence of eco-clothes that are made up of recycled textiles, plastics, and other organic raw materials have helped in waste reduction and resulted in minimal landfill space, and low dependency on virgin resources, such as cotton and wool. All the above-mentioned factors will continue to fuel the growth of the global textile recycling market in the coming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global textile recycling market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, textile waste, distribution channel and end-use.

Breakup by Product Type:

  • Cotton Recycling
  • Wool Recycling
  • Polyester & Polyester Fiber Recycling
  • Nylon & Nylon Fiber Recycling
  • Others

Breakup by Textile Waste:

  • Pre-consumer Textile
  • Post-consumer Textile

Breakup by Distribution Channel:

  • Online Channel
  • Retail & Departmental Store

Breakup by End-Use:

  • Apparel
  • Industrial
  • Home Furnishings
  • Non-woven
  • Others

Key Questions Answered in This Report

1. What was the global textile recycling market size in 2022?

2. What will be the global textile recycling market outlook during the forecast period 2023-2028?

3. What is the impact of COVID-19 on the global textile recycling market?

4. What are the major global textile recycling market drivers?

5. What are the major global textile recycling market trends?

6. What is the global textile recycling market breakup by product type?

7. What is the global textile recycling market breakup by textile waste?

8. What is the global textile recycling market breakup by distribution channel?

9. What is the global textile recycling market breakup by end use?

10. What are the major regional markets in the global textile recycling industry?

11. Who are the leading global textile recycling industry players?

For more information about this report visit https://www.researchandmarkets.com/r/cur2mp

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