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 leads to environmental sustainability. Upcycling is a significant recycling process that maximizes water resource conservation, raw materials, and energy. It even minimizes the negative ecological impact; textile recycling lowers the harmful environmental effect compared to textile incineration and landfill disposal. With the replacement of items produced from primary resources, resource recovery can result in various environmental advantages. All the above-mentioned factors are expected to bolster the expansion of the Global Textile Recycling Market over the forecast period. Apart from this, the increasing public awareness of the significance of recycling old clothes and the growing number of dumping bins for cloth sorting has further supported the market growth.

Additionally, several recycling companies are introducing textile recycling initiatives and door-to-door pickup programs for old garments. Furthermore, these companies are merging creative strategies for picking up post-consumer clothing materials by keeping cloth bins in public places such as parks, parking, shopping complexes, footpaths, and other high-visibility locations. Moreover, the surging population and the rising consumer investment capability are estimated to develop textile waste and result in worries about its wastage and management. Various government authorities and private organizations are taking textile recycling seriously as one of the solutions for tackling challenges related to textile waste management and circulating the adoption of 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

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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