Global Textile Waste Management Market Size study & Forecast, by Waste (Hazardous, Plastic, Polyester, Other Wastes), By Service (Open dumping, Incineration, Landfill, Recycling), By End-user (Residential, Commercial, Industrial, Other End-Users), and Reg

Global Textile Waste Management Market Size study & Forecast, by Waste (Hazardous, Plastic, Polyester, Other Wastes), By Service (Open dumping, Incineration, Landfill, Recycling), By End-user (Residential, Commercial, Industrial, Other End-Users), and Regional Analysis, 2023-2030

Global Textile Waste Management Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Textile waste management refers to the process of effectively managing and handling textile waste generated by various sources, such as clothing and other textile products, to minimize their negative environmental and social impacts. It is the process and action necessary to manage trash from beginning to end. This includes waste management process monitoring and control as well as trash collection, transportation, treatment, and disposal. It also covers waste-related economic systems, technology, and regulation. The market growth is driven by factors such as the increasing number of government initiatives, and surging demand for recycled textiles, coupled with the rising textile waste generation.

In addition, the increasing advancements in recycling procedures are acting as a catalyzing factor for market growth across the globe. New industry research and improvements to recycling processes are anticipated to support market expansion. For instance, LIST Technology AG displayed an entirely recovered lyocell t-shirt at the International Conference on Cellulose Fibres in February 2022 as a significant advancement in the textile recycling industry. Thus, these aforementioned factors are propelling the growth of the Textile Waste Management Market during the estimated period. Moreover, the rising initiatives by the leading market players, as well as increasing innovation and technological developments present various lucrative opportunities over the forecasting years. However, the lack of awareness among the population and limited end-market demand for recycled textiles are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Textile Waste Management Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing investment in technological developments and the increasing depletion of clean water resources worldwide. Whereas, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as favorable government initiatives, increasing environmental awareness, and Rising textile waste generation in this region.

Major market player included in this report are:
Worn Again Technologies
Veolia Environnement S.A.
Boer Group
Re:NewCell
Pistoni S.r.l
Lenzing AG
Textile Recycling International Group
RE TEXTIL Deutschland GmbH
Hyosung Corporation
Infinited Fiber Company

Recent Developments in the Market:
 In January 2023, Re:NewCell, a Swedish business that recycles cellulosic textile waste and converts it into Circulose material, sent the first batch of dissolving pulp produced at its new Renewcell 1 factory to a customer. Sundsvall is a city in Sweden located about 230 miles north of Stockholm. The agreement is the most recent stage in the facility's journey to reaching its initial capacity of 60,000 tons annually.

Global Textile Waste Management 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 - Waste, Service, End-user, 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 product offerings of key players.

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

By Waste:
Hazardous
Plastic
Polyester
Other Wastes
By Service:
Open dumping
Incineration
Landfill
Recycling
By End-user:
Residential
Commercial
Industrial
Other End-Users
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
Veolia Environnement S.A.
Boer Group
Re:NewCell
Pistoni S.r.l
Lenzing AG
Textile Recycling International Group
RE TEXTIL Deutschland GmbH
Hyosung Corporation
Infinited Fiber Company

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