Textile Recycling Market Size and Industry Trends 2027: Share, Growth, Opportunity and Forecast

According to the latest report by IMARC Group, titled "Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," 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.

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.

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Textile Recycling Market Trends:

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.

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.

Some of these key players include:

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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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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