Press release
List of Top Companies Operating in the Global Textile Recycling Market 2023
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.
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The escalating demand for recycled materials, on account of the growing environmental concerns towards the detrimental impact of waste incineration, heavy industrial discharges from textile mills, and depletion of raw materials, including silk and wool, is among the key factors stimulating the textile recycling market. Moreover, the increasing production of synthetic and polyester fabrics has led to high emission levels of greenhouse gases, thereby propelling the market growth. Besides this, the growing public awareness of the importance of recycling old clothes and the rising number of collection bins for cloth sorting are acting as significant growth-inducing factors. Furthermore, the top companies, such as Anandi Enterprises, American Textile Recycling Service, Boer Group Recycling Solutions, I:Collect GmbH, Infinited Fiber Company, and Unifi, Inc. are entering into strategic collaborations to automate business processes with the more heightened economic output, which is positively influencing the global market. Apart from this, the introduction of eco-clothes that are made up of recycled materials, plastics, and other organic raw materials have helped in waste reduction, resulted in minimal landfill space, and low dependency on virgin resources, including cotton and wool is anticipated to fuel the textile recycling market over the forecasted period.
Some of the Top Key players in the Textile Recycling Market
• Anandi Enterprises
• American Textile Recycling
• Boer Group Recycling Solutions
• I: Collect
• Infinited Fiber Company
• 6. Patagonia
• Prokotex
• Pure Waste Textiles
• Retex Textiles Inc.
• Unifi Inc.
Explore Complete Blog by IMARC Group: https://www.imarcgroup.com/textile-recycling-companies
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/textile-recycling-market
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Website: https://www.imarcgroup.com
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.
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.
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.
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