Press release
Textile Recycling Market to Worth US$ 6.7 Billion by 2032 | With a Striking 2.49% CAGR - IMARC Group
Report Highlights
How big is the textile recycling market?
The global textile recycling market size reached US$ 5.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2032, exhibiting a growth rate (CAGR) of 2.49% during 2024-2032.
What is Textile Recycling?
Textile recycling involves reprocessing discarded clothing, fibrous waste materials, and scraps. It mainly recovers materials from items, such as carpets, furniture, clothes, and footwear, as well as other non-durable goods. Textile recycling has numerous economic and environmental benefits, including reducing dependence on virgin fibers, minimizing land and water pollution, and curbing the use of chemical dyes, due to which it is largely employed in the automotive, apparel, retail, building and construction, mining, and home furnishings applications. By utilizing recycled textiles, companies can reduce their carbon footprint while lowering costs and improving their sustainability practices.
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What are the growth prospects and trends in the textile recycling industry?
Textile recycling involves reprocessing discarded clothing, fibrous waste materials, and scraps. It mainly recovers materials from items, such as carpets, furniture, clothes, and footwear, as well as other non-durable goods. Textile recycling has numerous economic and environmental benefits, including reducing dependence on virgin fibers, minimizing land and water pollution, and curbing the use of chemical dyes, due to which it is largely employed in the automotive, apparel, retail, building and construction, mining, and home furnishings applications. By utilizing recycled textiles, companies can reduce their carbon footprint while lowering costs and improving their sustainability practices.
Who are the key players operating in the industry?
The report covers the major market players including:
Anandi Enterprises
American Textile Recycling
Boer Group Recycling Solutions
I: Collect
Infinited Fiber Company
Patagonia
Prokotex
Pure Waste Textiles
Retex Textiles Inc.
Unifi Inc.
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 Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
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Media Contact:
IMARC Group
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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.
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.
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.
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