By 2027, Europe Textile Recycling Market Will Reach US$ 1,646 Million Revenue
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The Europe textile recycling market size reached US$ 1,445 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,646 Million by 2027, exhibiting a growth rate (CAGR) of 2.2% during 2022-2027.
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Textile Recycling Industry Insight in Europe:
Recycled textiles are used fabrics, fibrous water materials, and scraps that can be recovered for reuse using various recycling techniques. Recycling of textiles is performed to treat textile waste and reuse the reclaimed fiber across various industrial bases. The recycling of these items presents several economic and environmental benefits, such as curbing the use of chemical dyes, reducing land and water pollution, and minimizing dependence on virgin fibers.
As a result, recycled textiles are extensively used across building, construction, apparel, retail, mining, automotive, and home furnishing industries.
Opportunities in Textile Recycling Industry:
The European Commission is undertaking several initiatives to promote the use of textile recycling and increase sustainability, which, in turn, is providing a considerable thrust to the market growth. Moreover, various recycling companies are taking initiatives and are introducing door-to-door pickup programs to promote textile recycling, which is bolstering the market growth.
Besides this, surging consciousness among consumers regarding reusing and recycling old clothes due to increasing environmental consciousness and burgeoning investments in research and development (R&D) activities are creating a positive outlook for the market in the region.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/europe-textile-recycling-market
Europe Textile Recycling Market 2022-2027 Competitive Analysis and Segmentation:
Market Segmentation For the Europe Textile Recycling Industry:
The report has segmented the Europe textile recycling market on the basis of product type, textile waste, distribution channel, end use and region.
Market by Product Type:
• Cotton Recycling
• Wool Recycling
• Polyester & Polyester Fibre Recycling
• Nylon & Nylon Fibre Recycling
Market by Textile Waste:
• Pre-consumer Textile
• Post-consumer Textile
Market by Distribution Channel:
• Online Channel
• Retail & Departmental Stores
Market by End Use:
• Home Furnishings
Market by Country Analysis:
• United Kingdom
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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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