Asia Pacific Textile Recycling Market Size, Demand, Trends, Growth and Forecast 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", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. 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.

What is the value of the Asia Pacific textile recycling market?

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.

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Textile recycling is a technique of reprocessing, recovering, remaking, or reusing used rugs, fibrous materials, clothing, or yarn into new, value-added products. Textile waste is separated into pre-consumer and post-consumer waste and sorted into five categories derived from a pyramid model. It helps reduce water and land pollution, optimize the consumption of water and energy, and minimize dependence on virgin fibers. As a result, textile recycling finds extensive application in automotive, apparel, construction, retail, and mining sectors across the Asia Pacific region.

What are the emerging trends in the Asia Pacific textile recycling industry?

One of the key factors driving the Asia Pacific textile recycling market growth is the rising environmental concerns regarding greenhouse gas (GHG) emissions during the manufacturing of synthetic and polyester fabrics and the shifting consumer preference toward home textiles. Moreover, several non-government organizations (NGOs) and recycling companies in the region are undertaking umpteen initiatives to promote textile recycling, which is positively supporting the market growth.

Furthermore, the introduction of eco-friendly clothes made from recycled textiles, plastics, and other organic raw materials is providing a significant boost to the market growth. Additionally, the fueling focus on sustainability has compelled key companies in the region to adopt a sustainable and eco-friendly production approach by investing heavily in research and development (R&D) activities, which is acting as another factor accelerating the market growth.

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What is included in market 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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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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