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Asia Pacific Textile Recycling Market Size, Demand, Trends, Growth and Forecast 2023-2028
Asia Pacific Textile Recycling Market Report 2023-2028
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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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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