Press release
Global Textile Recycling Market Takes Off as Companies and Consumers Prioritize Sustainability and the Circular Economy to Tackle the Growing Waste Problem
Global textile recycling market was valued at US$ 5.8 Bn in 2021, projected to grow at an estimated CAGR of 3.8% over the forecast period.
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The industry is characterized by the presence of a large number of small and medium-sized enterprises that are involved in the collection and processing of textiles. However, the market is also dominated by a few large players who are focused on the development of new technologies for textile recycling.
One of the key trends in the textile recycling market is the increasing use of mechanical recycling, which involves breaking down textiles into fibers that can be used to produce new products. This method is more environmentally friendly and sustainable compared to traditional methods, and is expected to grow in popularity in the coming years. Another trend in the market is the increasing use of digital technologies, such as artificial intelligence and the Internet of Things, to improve the efficiency and accuracy of textile recycling processes. This has led to the development of innovative solutions, such as smart sorting systems that can automatically sort and categorize textile waste based on its composition and quality.
In addition, the growth of the fast fashion industry has also led to an increase in textile waste, providing a further boost to the textile recycling market. The rise in consumer awareness about the environmental impact of fast fashion is driving demand for more sustainable and environmentally friendly clothing and fashion products, further fueling the growth of the textile recycling market.
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List of Major Players in Textile Recycling Market Report are:
Infinited Fiber Company
Natural Fiber Welding, Inc
PurFi Global LLC
Renewcell AB
Retriever LLC
Shreeji Cotfab LTD
Sustainable Composites LLC
Tyton BioSciences
Worn Again Technologies
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Highlights of the Report
The new entrants and alternative products and services that pose a significant threat to the competitors in the future are highlighted in this report.
Business models adopted by the leading players for partnering with the other growing competitors
The report exploits unexplored market spaces that may enable the market participants to compete with the leading players.
It reviews the biggest competitors across various segments in the Textile Recycling
The report explores different buyers and sellers through the market's value chain.
The Textile Recycling market report has identified the specific categories of products that compete with the international marketplace giants.
The product categories that ensure high profit for the sellers and other participants are presented in the study.
The report puts together the key takeaways that the market participants can start implementing straight away.
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Global Textile Recycling Market Segmentation:
By Type of Textile Waste
Post-Industry Textile Wastes
Post-Consumer Textile Wastes
By Material Type
Cotton
Polymer/ Polyester
Nylon
Leather
Spandex
Wool
Others
By Application
Non-Woven
Automotive Interiors
Apparels and Footwear
Packaging
Others
By End Users
B2C
B2B
By Region:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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