Textile Recycling Market to Worth US$ 6.7 Billion by 2032 | With a Striking 2.49% CAGR - IMARC Group

IMARC Group, a leading market research company, has recently releases report titled "Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032." The study provides a detailed analysis of the industry, including the global textile recycling market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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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