Textile Recycling Market Update Report 2024| Industry Trends, Demand, Leading Companies and Segmentation till 2031/ Lenzing Group, Birla Cellulose, BLS Ecotech, The Woolmark Company, iinouiioLitd., Ecotex Group

Global textile recycling market is anticipated to grow at a moderate CAGR of 3.9% during the forecast period (2024-2031). The increasing awareness and concern regarding environmental sustainability is a key factor driving the global textile recycling market. Due to demand from consumers, brands are also understanding the necessity of implementing sustainable practices. Recycled textiles offer a waste-free alternative to satisfy market demand for textiles while protecting the environment. For instance, according to the earth.org, 92 million tonnes of textile waste is produced every year. Government policies on textile recycling and a focus on circular economy models also foster textile recycling industry expansion.

ERP (European Recycling Platform), a pan-European organization that deals throughout the country with the regulation-compliant management of waste electrical and electronic equipment, batteries and accumulators, has announced the establishment of the ERP Italia Textile Consortium in anticipation of the entry into force of the new European directive for the proper recycling of textile waste. The goal of the project is to achieve 50% recycling of Italy's textile waste by 2035.

This non-profit entity aims to ensure the management of compliance obligations in textile waste management as defined under the Extended Producer Responsibility Principle (EPR) and other obligated entities operating in Italy. This is the first Italian textile waste recycling consortium with a truly European scope. Precisely because of its membership in a global group spread across 18 countries with 41 collective collection systems, the Consortium can play a crucial role in making the sector more sustainable, considering that the amount of textile waste such as garments, home furnishing fabrics and footwear is expected to increase by +63% by 2030.

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Market Coverage

The market number available for - 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

Segment Covered-

· By Material

· By Textile Waste

· By Process

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- includes include Lenzing Group, Birla Cellulose, BLS Ecotech, The Woolmark Company, iinouiioLitd., Ecotex Group, among others.

Textile Recycling Market Report Segment

By Material

• Cotton

• Polyester

• Wool

• Polyamide

• Nylon

By Textile Waste

• Pre-consumer

• Post-consumer

By Process

• Mechanical

• Chemical

By End-User

• Automotive Waste

• RetailWaste

• MiningWaste

• Building & Construction Waste

• Apparel Waste

• Home Furnishings Waste

• Industrial Waste

A full Report of Textile Recycling Market is Available @ https://www.omrglobal.com/industry-reports/textile-recycling-market

Textile Recycling Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Boer Group

• Ecotex Group

• Green City Recycling Ltd.

• Hyosung Group

• icollect

• iinouiioLitd.

• Jeplan, Inc.

• Martex Fiber

• Onward Kashiyama

• PistoniS.r.l

• RE TEXTIL

• RenewCell

• Textile Recycling International,

• The Boer Group

• Unifi Inc.

• Uniqlo

• Zhejiang Jiaren New Materials

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2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

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