Global Textile Recycling Market Size study & Forecast, by Material (Cotton, Polyester, Wool, Polyamide, Other) by Source (Apparel Waste, Home Furnishing Waste, Automotive Waste, Other), by Process (Mechanical, Chemical) and Regional Analysis, 2023-2030

Global Textile Recycling Market Size study & Forecast, by Material (Cotton, Polyester, Wool, Polyamide, Other) by Source (Apparel Waste, Home Furnishing Waste, Automotive Waste, Other), by Process (Mechanical, Chemical) and Regional Analysis, 2023-2030

Global Textile Recycling Market is valued approximately USD 4.63 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.20% over the forecast period 2023-2030. Textile recycling refers to the process of reusing or reprocessing textile materials to create new products, rather than disposing of them as waste. It involves collecting used textiles, such as clothing, household textiles, and industrial fabrics, and transforming them into recycled fibers or other materials that can be used in various applications. The Textile Recycling Market is expanding because of factors such as rising environmental concern about textile waste production and rising government initiatives.

Rising environmental awareness regarding the generation of textile waste and rising societal awareness of textile recycling are expected to propel market expansion. The Environmental Protection Agency (EPA) estimates that 5% of landfill space is used up by textile waste. The average amount of textiles produced annually in the US is 25 billion pounds, or 82 pounds per person. The Council for Textile Recycling also estimates that the average American discards about 70 pounds of textiles per year. Thus, rising environmental concerns is driving the market growth. In addition, increasing consumer awareness regarding textile recycling and rising product innovation activities is creating lucrative growth to the market. However, contamination and quality issues and lack of awareness stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Textile Recycling Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to factors such as rising government support, increasing initiatives for recycling textiles, and more. Asia Pacific is expected to grow significantly during the forecast period, due to growing government programme for managing textile waste, growing environmental concerns about the effects of textile waste, and continued development of cutting-edge technologies for recycling textiles.

Major market player included in this report are:
Worn again technologies
Lenzing Group
Birla Cellulose
BLS Ecotech
The Woolmark Company
iinouiio Ltd
Ecotex Group
The Boer Group
Unifi, Inc.

Recent Developments in the Market:
In April 2023, In partnership with Circ, Zara debuted a collection of women's clothes made from recycled polyester and lyocell, which was obtained from various types of textile waste.

Global Textile Recycling Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Material, Source, Process, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Material offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Material:
Cotton
Polyester
Wool
Polyamide
Other

By Source:
Apparel Waste
Home Furnishing Waste
Automotive Waste
Other

By Process:
Mechanical
Chemical

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Worn again technologies
Lenzing Group
Birla Cellulose
BLS Ecotech
The Woolmark Company
iinouiio Ltd
Ecotex Group
The Boer Group
Unifi, Inc.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.