Global Textile Recycling Market Size By Material Type (Cotton, Wool, Polyester, And Polyamide), By Source (Apparel Waste, Automotive waste, Home furnishing Waste), By Process (Chemical ,Mechanical ), By Geographic Scope And Forecast

Textile Recycling Market Size And Forecast

Textile Recycling Market size was valued at USD 5.2 Billion in 2024 and is projected to reach USD 6.1 Billion by 2031, growing at a CAGR of 2.85% during the forecast period 2024-2031.

Rising environmental issues and social awareness about textile recycling mainly drive the increasing need for recycled textiles. The increased production of polyester and synthetic fabrics has negatively impacted greenhouse gases because of high emissions. Therefore, the need for textile recycling and the scope of the Global Textile Recycling Market will boost in the future. The Global Textile Recycling Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Textile Recycling Market Definition

Focusing on the name textile recycling is the process of reprocessing and reusing scraps, old clothing, and waste materials. These materials are recovered from damaged or discarded clothes, furniture fabrics, tires, footwear, carpets, and other non-durable items such as sheets and towels. Textile recycling offers excellent benefits, including environmental benefits such as eliminating water and land pollution, less dependence on virgin fibers, restraining chemical dyes, and sustainable consumption of water and energy resources. Textile recycling has emerged as an efficient method for sustainable development in the clothing industry.

Due to such benefits, recycled textiles are widely applied across several end-use industries, including clothing, home furnishings, and other industrial sectors, such as mining, retail, automotive, building, construction, etc. The average life span of apparel; gets shorter, and textile and clothing waste production increases. Landfill disposal and incineration, which results in greenhouse gas emissions, significantly impact the environment. According to government bodies, recycling textiles primarily lowers greenhouse gas emissions and stimulates economic growth. Furthermore, the new advancements in recycling practice and ground-breaking research in the field are projected to stretch market expansion.

Global Textile Recycling Market Overview

Textile waste recycling? It's all about keeping our planet healthy! Upcycling, in particular, is a cool way to recycle because it really helps save water, raw materials, and energy. Plus, it's way better for the environment than burning old clothes or just tossing them in a landfill. Think about itRecycling textiles means we don't need to make as much stuff from scratch, and that can make a huge difference. All of this is expected to help the Global Textile Recycling Market grow. And hey, people are starting to realize how important it is to recycle old clothes! That, combined with more and more places to drop off our used clothing, is really helping the market take off.

And hey, guess what? A bunch of recycling companies are now getting into textile recycling! Some are even doing door-to-door pickups for your old clothes. They're also getting creative about grabbing those post-consumer materials, like putting cloth bins in parks, parking lots, shopping centers, even on sidewalks – you know, all the places you see people. But, with more people and more spending, we're also creating more textile waste, which is becoming a real headache. That's why you're seeing government folks and private groups starting to take textile recycling seriously, seeing it as a way to tackle waste problems and push for a circular economy in the country.

Global Textile Recycling Market Segmentation Analysis

The Global Textile Recycling Market is segregated based on Material Type, Source, Process, And Geography.

Textile Recycling Market, By Material Type

• Cotton
• Wool
• Polyester
• Polyamide

Based on Material Type, the market is segmented into cotton, wool, polyester, and polyamide. The cotton category is anticipated to lead the global market because recycled cotton minimizes textile waste and takes considerably fewer resources than traditional or organic cotton, making it a sustainable option.

Textile Recycling Market, By Source

• Apparel Waste
• Automotive waste
• Home furnishing Waste
• Others

Based on Source , the market is segmented into apparel waste, automotive waste, home furnishing waste, and others. Apparel waste is expected to account for the highest share of the market. This waste is produced by the leftover fabric at the time of manufacturing, damaged, rejected, and discarded clothes and shoes by consumers.

Textile Recycling Market, By Process

• Chemical
• Mechanical

based on Process, the market is segmented into chemical and mechanical processes. The mechanical segment took over the highest share of the market. This is because many players in the market recycle textiles using mechanical methods comparatively more than chemical processes.

Textile Recycling Market, By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Based on Geography, the Global Textile Recycling Market is divided into Asia Pacific, North America, the Middle East, Europe, and Latin America. Asia Pacific is anticipated to have a high growth rate in the forecast period. The regions such as India and China are big textile manufacturing hubs, so recycling is also present.

Key Players

The “Global Textile Recycling Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are American Textile Recycling Service, Anandi Enterprises, Boer Group Recycling Solutions, Infinite Fiber Company, ICollect GmbH, Patagonia, Retex Textiles, Prokotex, Pure Waste Textiles, Unifi Inc. and others.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2023, Zara collaborated with Circ to introduce a womenswear collection made from recycled polyester and lyocell separated from blended textile waste.
• In June 2020, the PET recycling facility of AG Resinas Ltd was taken over by Indorama Ventures Public Company Limited. The company took a 100% equity stake.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Textile Recycling Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Textile Recycling Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

We'll take a good, hard look at the market, breaking it down by different groups based on things like money and even stuff that's not about money. You'll get the market value (in USD Billion) for each part and smaller part we identify. We'll also point out which region and segment is likely to grow the quickest and be the biggest. Plus, we'll analyze each geographic area, looking at how much of the product/service is used there and what's influencing the market in each place. Expect a competitive landscape view, including who's on top, what new services or products have launched, what partnerships have formed, and who's expanding or acquiring whom – all within the last five years. We'll give you detailed company profiles that include an overview, insights, benchmarking against other products, and a SWOT analysis for the major players. We'll also share our thoughts on where the market is now and where it's headed, considering recent changes, growth chances, what's helping it grow, and what's holding it back in both new and established areas. We'll even dig into the market from different angles using Porter's five forces and give you insight through a Value Chain analysis. Expect a look at the market's dynamics and where the growth opportunities lie in the coming years, plus 6 months of analyst support after the sale.

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