Textile Recycling Market Size To Hit US$ 6.1 Billion by 2028 | IMARC Group

According to the latest report by IMARC Group, titled "Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global textile recycling market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.85% during 2023-2028.

Textile recycling involves reprocessing old clothing, fibrous waste materials, and scraps from various sources, including carpets, clothes, furniture, footwear, and other non-durable items. It provides numerous economic and environmental benefits, including reduced dependence on virgin fibers, minimized land and water pollution, and lower use of chemical dyes. In addition to this, it promotes sustainable and responsible production and consumption practices, which are becoming increasingly important in the current global climate. They offer comparable quality and performance while also providing environmental benefits that can help companies meet sustainability goals and regulations. As a result, they are widely used in various end-use industries, including automotive, apparel, retail, building, construction, mining, and home furnishings.

𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/textile-recycling-market/requestsample

Textile Recycling Market Trends:

The rising awareness among consumers about the negative environmental impacts of waste incineration has led to a significant surge in demand for recycled clothing, which is one of the key factors driving the market growth. Additionally, the emergence of eco-friendly clothing options and the integration of automation technologies in the recycled textile industry are fueling the market growth. In line with this, key market players are actively engaged in collecting post-consumer clothing materials and installing attractive cloth bins in public parks and other high-traffic areas. This strategy has proven to be highly effective in boosting consumer participation, further propelling the market growth.

Textile Recycling Market 2023-2028 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

Key highlights of the report:                                                           

Market Performance (2017-2022)
Market Outlook (2023-2028)
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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