Asia Pacific Textile Recycling Market Size, Top Company Analysis, Statistics 2022, Business Challenges and Opportunities by 2027

According to the latest report by IMARC Group, titled "Asia Pacific Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the Asia Pacific textile recycling market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Asia Pacific textile recycling market size reached US$ 1.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2 Billion by 2027, exhibiting a growth rate (CAGR) of 3.16% during 2022-2027.

Industry Overview and Application:

Textile recycling refers to the method of reusing and reprocessing fibrous waste materials, scraps, fabrics, etc. These materials consist of discarded footwear, furniture, clothes, carpets, tires, or other non-durable goods. Textile recycling offers various environmental and economic benefits, such as optimum energy and water consumption, reducing dependence on virgin fibers, curbing chemical dyes, minimizing land and water pollution, etc.

Download Free Sample of the Report: https://www.imarcgroup.com/asia-pacific-textile-recycling-market/requestsample

Market Trends and Drivers:

The rising environmental concerns towards the emission of greenhouse gases during the manufacturing of polyester and synthetic fabrics are driving the Asia Pacific textile recycling market. Moreover, the elevating demand for recycled textiles to reduce waste incineration, depletion of raw materials, heavy industrial discharges from textile mills, etc., is also augmenting the market growth. Additionally, numerous non-government organizations (NGOs) and recycling companies are undertaking several initiatives to promote textile recycling in the region. Some of these initiatives include the installation of cloth collection bins across public places and door-to-door pickup of old garments. Furthermore, the introduction of eco-clothes made out of recycled plastics, textiles, and other organic raw materials is anticipated to bolster the market growth in the coming years.

Asia Pacific Textile Recycling Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the Asia Pacific textile recycling market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Asia Pacific textile recycling market on the basis of product type, textile waste, distribution channel, end use and country.

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 Country:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others

Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/asia-pacific-textile-recycling-market

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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