Textile Recycling Market Size 2022-2027 | Share, Forecast, Industry Updates and Future Business Prospects

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 refers to the process through which old clothing and other textiles are retrieved for material recovery or reuse. The essential steps in the textile recycling process consist of the collection, donation, sorting, and processing of textiles, and then subsequent transportation to end users of employed rags, garments, or other recovered materials. At present, recycled textiles find wide applications across several end-use industries, including apparel, home furnishings, retail, automotive, mining, and construction.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/textile-recycling-market/requestsample

Textile Recycling Market Trends:

The growing environmental concerns regarding waste production represents one of the key factors driving the market growth. In line with this, the growing production of synthetic and polyester fabrics lead to the high emission levels of greenhouse gases (GHGs), thereby boosting the need for recycled fabrics on the global level. Moreover, the rising public awareness toward the importance of recycling old clothes, along with the increasing number of collection bins for cloth sorting, is contributing to the market growth. In addition to this, various recycling companies are launching informative initiatives regarding textile recycling along with introducing door-to-door pickup programs for old garments. This, in turn, is driving the market growth. Other factors, such as significant technological advancements and the introduction of eco-clothes that are made up of recycled textiles, plastics, and other organic raw materials, are creating a positive outlook for the market.

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

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2101&flag=E

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

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.

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.