The latest report published by IMARC Group, titled “textile recycling market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the Textile Recycling Market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Overview:
The global textile recycling market reached a value of US$ 5.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.86 Billion by 2027, exhibiting at a CAGR of 2.6% during 2022-2027. Textile recycling represents the method of reprocessing and reusing old clothing, scraps, and fibrous waste materials. These materials are usually recovered from discarded clothes, carpets, furniture, tires, footwear, and other non-durable goods, such as towels and sheets. Textile recycling offers various environmental and economic benefits, including minimizing land and water pollution, reducing dependence on virgin fibers, curbing usage of chemical dyes, etc. As a result, it has emerged as an essential method for sustainability development in the apparel industry. On account of these benefits, recycled textiles have extensive applications across several end-use sectors, such as apparel, home furnishings, retail, automotive, mining, construction, etc.
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Market Trends and Drivers:
The growing production of synthetic and polyester fabrics has led to high emission levels of greenhouse gases, which is among the key factors stimulating the textile recycling market. Furthermore, the rising public awareness towards recycling old clothes and the inflating number of collection bins for cloth sorting are also propelling the market growth. Moreover, the launch of informative initiatives regarding textile recycling and the introduction of door-to-door pickup programs for old garments are further catalyzing the global market. Apart from this, the expanding adoption of 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, is also driving the market growth. Besides this, the increasing penetration of automation in the recycled textile industry is expected to positively influence the textile recycling market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Report Scope of Textile Recycling Market:
|
Report Features |
Details |
|
Base Year of the Analysis |
2021 |
|
Historical Period |
2016-2021 |
|
Forecast Period |
2022-2027 |
|
Units |
US$ Billion |
|
Segment Coverage |
Product Type, Textile Waste, Distribution Channel, End Use, Region |
Textile Recycling Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global textile recycling market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape with Key Players:
- Anandi Enterprises
- American Textile Recycling
- Boer Group Recycling Solutions
- I: Collect
- Infinited Fiber Company
- Patagonia
- Prokotex
- Pure Waste Textiles
- Retex Textiles Inc.
- Unifi Inc.
Key Market Segmentation:
The report has segmented the global textile recycling market on the basis of product type, textile waste, distribution channel, end use and region.
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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Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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