IMARC Group, a leading market research company, has recently releases report titled Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global textile recycling market size share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the textile recycling market?
Report Attributes | Details |
Market Size in 2022 | US$ 5.2 Billion |
Market Forecast in 2028 | US$ 6.1 Billion |
Growth rate (2023 to 2028) | CAGR of 2.85% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is Textile Recycling?
Textile recycling involves reprocessing discarded clothing, fibrous waste materials, and scraps. It mainly recovers materials from items, such as carpets, furniture, clothes, and footwear, as well as other non-durable goods. Textile recycling has numerous economic and environmental benefits, including reducing dependence on virgin fibers, minimizing land and water pollution, and curbing the use of chemical dyes, due to which it is largely employed in the automotive, apparel, retail, building and construction, mining, and home furnishings applications. By utilizing recycled textiles, companies can reduce their carbon footprint while lowering costs and improving their sustainability practices.
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What are the growth prospects and trends in the textile recycling industry?
Textile recycling involves reprocessing discarded clothing, fibrous waste materials, and scraps. It mainly recovers materials from items, such as carpets, furniture, clothes, and footwear, as well as other non-durable goods. Textile recycling has numerous economic and environmental benefits, including reducing dependence on virgin fibers, minimizing land and water pollution, and curbing the use of chemical dyes, due to which it is largely employed in the automotive, apparel, retail, building and construction, mining, and home furnishings applications. By utilizing recycled textiles, companies can reduce their carbon footprint while lowering costs and improving their sustainability practices.
Who are the key players operating in the industry?
The report covers the major market players including:
- Anandi Enterprises
- American Textile Recycling
- Boer Group Recycling Solutions
- I: Collect
- Infinited Fiber Company
- Patagonia
- Prokotex
- Pure Waste Textiles
- Retex Textiles Inc.
- Unifi Inc.
What is included in market segmentation?
The report has segmented the market into the following categories
Breakup by Product Type:
- Cotton Recycling
- Wool Recycling
- Polyester Polyester Fibre Recycling
- Nylon Nylon Fibre Recycling
- Others
Breakup by Textile Waste:
- Pre-consumer Textile
- Post-consumer Textile
Breakup by Distribution Channel:
- Online Channel
- Retail Departmental Stores
Breakup by End Use:
- Apparel
- Industrial
- Home Furnishings
- Non-woven
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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