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Turning waste into opportunity, the Textile Recycling Market is igniting a movement toward sustainable fashion, breathing new life into discarded fabrics in the U.S., Europe, China, India, and Brazil.

10-17-2024 01:56 PM CET | Energy & Environment

Press release from: Bonafide Research

The global textile recycling market is anticipated to cross USD 6 Billion by 2029 with 4.54% CAGR by 2024-29.

The global textile recycling market is anticipated to cross USD 6 Billion by 2029 with 4.54% CAGR by 2024-29.

Textile recycling is an increasingly vital process in our efforts to combat environmental degradation and resource depletion. With the fashion industry being one of the largest polluters globally, finding sustainable solutions for managing textile waste has never been more crucial. The textile industry generates millions of tons of waste each year, much of which ends up in landfills. This waste is a significant concern due to the environmental impact of textiles, which often contain synthetic fibers like polyester that can take hundreds of years to decompose. Additionally, the production of new textiles involves resource-intensive processes, including water use, energy consumption, and chemical treatments. Recycling textiles helps mitigate these environmental impacts by diverting waste from landfills, reducing the need for virgin materials, and lowering greenhouse gas emissions. According to the research report, "Global Textile Recycling Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 6 Billion by 2029, increasing from USD 5.06 Billion in 2023. The market is expected to grow with 4.54% CAGR by 2024-29. By reducing the volume of textile waste sent to landfills, recycling helps lower the environmental footprint of the fashion industry. It conserves natural resources, such as water and energy, that would otherwise be required for producing new textiles. Textile recycling helps decrease pollution associated with textile production. This includes reducing the discharge of harmful chemicals and dyes into waterways and lowering greenhouse gas emissions. The textile recycling industry creates jobs and fosters economic growth. It supports a growing market for recycled textiles and can drive innovation in sustainable fashion and materials.

Cotton's predominance in textile recycling stems from its relatively straightforward recycling process, attributed to its natural fiber structure. Unlike synthetic fibers, which often involve complex chemical treatments and blend compositions that complicate recycling, cotton is a single-fiber material that can be more easily processed. When recycled, cotton fibers can be mechanically shredded and re-spun into new yarns with minimal degradation in quality. This allows for the production of recycled cotton fabrics that retain much of the desirable characteristics of virgin cotton, such as softness and durability. Additionally, cotton's biodegradability and widespread use in the fashion industry contribute to its prominence in recycling efforts. Apparel waste is at the forefront of the textile recycling industry due to its sheer volume and consistent availability, driven by the high turnover rate of fashion products and consumer habits. Each year, millions of garments are discarded, either because they are out of style, worn out, or no longer needed, resulting in a large and relatively steady supply of textiles for recycling. This abundance of apparel waste provides a valuable opportunity for recycling facilities to collect, sort, and process these materials into new products. The infrastructure for handling apparel waste is well-developed, with numerous collection programs, donation centers, and recycling initiatives focused specifically on garments.

For more insights: https://www.bonafideresearch.com/product/240739631/global-textile-recycling-market

Apparel end users, or consumers who purchase and ultimately dispose of garments, are central to the textile recycling industry due to the significant amount of textile waste they produce. As consumers frequently update their wardrobes and discard worn-out or out-of-fashion clothes, they create a steady and substantial flow of post-consumer textiles. This consumer-driven waste stream represents a vital resource for recycling programs, as it provides the material needed for repurposing into new textiles or products. The role of end users is crucial in the recycling process, as their participation in recycling programs-whether through drop-off bins, textile take-back schemes, or clothing donation initiatives directly influences the volume and quality of recyclable materials collected. Post-consumer textiles, which are garments and fabrics discarded by consumers after their use, are pivotal in the textile recycling industry due to their substantial and steady contribution to the waste stream. As consumers continually purchase new clothing and subsequently discard old or unwanted items, they generate a large volume of textile waste that becomes available for recycling. This constant flow of used textiles provides a critical resource for recycling programs, which can then sort, process, and repurpose these materials into new products. Mechanical recycling is a prominent method in the textile recycling industry due to its relative simplicity and effectiveness, especially for textiles composed of natural fibers such as cotton. This process involves shredding old textiles into smaller fibers, which are then spun into new yarn and woven into fresh fabric. The appeal of mechanical recycling lies in its well-established technology and processes, which make it easier to implement on a large scale compared to more complex recycling methods.

For more insights: https://www.bonafideresearch.com/product/240739633/europe-textile-recycling-market

North America is one of the highly progressive growth regions for the textile recycling market, with growing environmental awareness and increasingly influential demands for sustainability being key driving forces. The region also produces large volumes of textile waste; the U.S., for example, alone generates about 25 billion pounds of textiles annually. The recycling rate is nevertheless rather low here, and hence there are several initiatives being undertaken to improvise participation in the textile recycling process. Among the initiatives targeted at zero waste, organizations include the Council of Textile Recycling. American Textile Recycling Services established new facilities and their participation in recycling continues to increase. Europe is becoming the leader in the textile recycling market, whose market is associated with good governmental support and a high degree of awareness in terms of sustainability. The country's leading the innovation race in textile recycling are Italy, Germany, and France but above all, Italy has developed a robust infrastructure to transform old textiles into new products. Thus, this market can also be said to be well supported by comprehensive policies established to minimize the disposal of waste in textile industries and facilitate well-practiced circular economy approaches to spur growth in this sector.

For more insights: https://www.bonafideresearch.com/product/240739636/middle-east-and-africa-textile-recycling-market

The Asia-Pacific region will become the biggest market for textile recycling because of the large textile manufacturing base and increased environmental awareness. And, both China and India are pivotal drivers in this growth-influenced through both local production demands and increasing consumer expectations on sustainability. Heavy industrialization has resulted in significantly large waste generation, and thus investments in recycling technologies have been driven by governments as well as private sectors. In South America, a growing recognition of the importance of sustainable textile waste management solutions is observed due to increasing consumer spending. Brazil and Argentina are just starting to take structured approaches in the areas of textile recycling; however, this market is still relatively underdeveloped compared to North America and Europe. Greater environmental awareness, along with supportive government policies, should fuel growth in this region over the long term. The Middle East & Africa region will be an area of unique challenges and opportunities in this market, for this market still is in a developing phase. On the other hand, of late, interest in sustainable practice has risen due to international brands entering these markets and raising awareness about environmental concerns. Countries in the region are viewing recycling as part of their larger sustainability objectives, though improvements in infrastructure and consumer participation are needed to realize full potential growth.

For more insights: https://www.bonafideresearch.com/product/6407396304/china-textile-recycling-market

Considered in this report
• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Aspects covered in this report
• Global textile recycling market with its value and forecast along with its segments
• Region & Country-wise textile recycling market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material
• Cotton
• Polyester & Polyester Fiber
• Nylon & Nylon Fiber
• Wool
• Others

By Source
• Apparel Waste
• Home Furnishing Waste
• Automotive Waste
• Others

By End-Use Industry
• Apparel
• Home Furnishings
• Industrial & Institutional
• Others

By Textile Waste
• Post-consumer
• Pre-consumer

By Process
• Mechanical
• Chemical

For more insights: https://www.bonafideresearch.com/product/6407396306/india-textile-recycling-market

Contact us:
Steven Thomas - Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

Bonafide Research is the fastest-growing global market research and consulting company, providing syndicated research reports, customized research reports, and consulting services to a range of verticals. Bonafide Research stands out as a contemporary market research company, renowned for its unparalleled resilience and integrated approach. With an extensive database of more than 19000 reports from 60 countries and expertise across 11 diverse industry domains and even assist the companies in spectrum of services, including designing their market assessment, market entry strategies, and consumer behavior analysis etc. Since last 10 years, we have served close to 1000+ clients and it includes fortune 500 companies across the globe. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Bonafide Research has a strong base of analysts and consultants from assorted areas of expertise who track the latest economic, demographic, trade, and market data globally and help clients make informed business decisions. They periodically update their market research studies to ensure that their clients get the most recent, relevant, actionable, and valuable information for strategy development and to extract tangible results.

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