Asia Pacific Textile Recycling Market Analysis by Product Type, Textile Waste, Distribution Channel, End Use and Country 2023-2028

IMARC Group has recently released a new research study titled "Asia Pacific Textile Recycling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The Asia Pacific textile recycling market size reached US$ 1.72 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.04 Billion by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Industry Insight:

Textile recycling represents the method of reprocessing and reusing scraps, fibrous waste materials, and old clothes. Common sources of these materials include discarded clothes, tires, carpets, furniture, footwear, and other non-durable goods, such as sheets and towels. Textile recycling offers environmental and economic benefits, including reducing water and land pollution, preventing the use of chemical dyes, and minimizing the dependence on virgin fibers. As a result, this procedure finds widespread applications across various sectors, such as industrial, home furnishing, apparel, non-woven, etc., across the region. 

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Market Growth Drivers:

The rising environmental concerns and the elevating demand for recycled materials to decline in waste incineration, depletion of raw materials, and heavy industrial discharges from mills are among the primary factors driving the Asia Pacific textile recycling market. Besides this, the launch of favorable policies by the government bodies to promote the reuse of fabrics and old garments is further augmenting the market growth. Moreover, the introduction of eco-clothes made of recycled textiles, plastics, and other organic raw materials is also catalyzing the market across the APAC. Apart from this, the growing popularity of door-to-door pickup of old apparel and the installation of cloth collection bins in public places are acting as significant growth-inducing factors. Additionally, the escalating shift towards home materials, owing to their comfort and associated benefits, is also stimulating the market growth. Furthermore, the development of various advanced technologies by the leading companies for performing automated sorting out applications is anticipated to propel the Asia Pacific textile recycling market over the forecasted period.  

Key Report Segmentation:

The report has segmented the market into the following categories:

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

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