Press release
Textile Recycling Market Poised for Significant Growth, Projected to Reach USD 10.57 Billion by 2030
The ๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ size was valued at USD 6.89 Bn in 2023 and Textile Recycling Market revenue is expected to reach USD 10.57 Bn by 2030, at a CAGR of 6.3 % over the forecast period (2024-2030).๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The textile recycling market is gaining momentum as the global population grows and living standards improve. With millions of garments produced annually, a large portion of textile waste, including fiber manufacturing off-cuts, is generated. Recycling these materials helps reduce landfill waste and supports sustainability initiatives. As the demand for eco-friendly solutions increases, the textile recycling market continues to expand, providing a valuable alternative to traditional textile production processes.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/222664/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ:
The growing focus on sustainability and environmental impact is a major driver in the textile recycling market. Additionally, the rise in consumer awareness about the ecological consequences of textile waste, coupled with government regulations encouraging recycling, fuels the demand for recycled textiles. This trend, along with the shift towards circular economies in the fashion industry, is driving growth in the sector.
๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Textile recycling is embracing innovations like advanced sorting technologies and eco-friendly processing methods. The integration of automation, along with the rise of AI and machine learning, has improved efficiency in recycling operations. Furthermore, brands are increasingly adopting sustainable practices, and there is a growing demand for recycled fibers in garment production, which is contributing to the market's expansion.
๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
The textile recycling market presents opportunities in developing advanced recycling technologies, such as chemical recycling, which enables the repurposing of fibers that traditional methods cannot process. Additionally, partnerships between brands and recycling companies, along with investments in sustainable production practices, open up new avenues for growth. There is also rising potential in emerging markets where environmental awareness and textile waste management are evolving.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/222664/
๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
In Vietnam, textile recycling opportunities are expanding as the government incentivizes recycling technologies. A growing population, rising consumption, and eco-conscious consumer trends are paving the way for significant growth. Major local players, including ๐๐ข๐ง๐๐ญ๐๐ฑ, are exploring innovative ways to recycle and reuse textiles, further contributing to sustainability.
๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand sees robust investment in textile recycling infrastructure, with government backing for green initiatives. Companies like ๐๐ก๐๐ข ๐๐๐ซ๐ฆ๐๐ง๐ญ ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐๐ฌ๐ฌ๐จ๐๐ข๐๐ญ๐ข๐จ๐ง are boosting efforts to reduce textile waste. With its growing textile sector, Thailand is well-positioned for high recycling rates, aligning with global sustainability goals.
๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
In Japan, a global leader in technology, textile recycling has become a prominent feature in the fashion industry. Companies like ๐๐ง๐ข๐ช๐ฅ๐จ are committed to using recycled fibers and reducing textile waste. Japan's innovative recycling methods, coupled with government regulations, promote a circular economy approach within the country.
๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's textile recycling industry is experiencing consolidation, with major firms like ๐๐๐ฆ๐ฌ๐ฎ๐ง๐ ๐&๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง investing heavily in recycling technology. With strong regulatory frameworks and sustainable fashion initiatives, the nation is making substantial strides toward increasing its recycling capacity.
๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore leads with its state-of-the-art waste management facilities and strong sustainability-driven policies. The city-state's ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ ๐๐จ๐ฎ๐ง๐๐ข๐ฅ is promoting textile recycling initiatives, creating a model for other ASEAN countries. Additionally, ๐&๐ and other brands are focused on circular fashion models to address textile waste effectively.
๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States is a key player in the textile recycling industry, with a growing market size projected to expand significantly by 2030. Companies like ๐๐๐ฌ๐ญ๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ, ๐๐ง๐. are investing in new technologies to increase the rate of textile waste recycling. Furthermore, ๐๐ข๐ค๐'๐ฌ and ๐๐๐ฏ๐ข'๐ฌ recycling programs are driving a positive trend toward sustainable garment practices.
๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe remains at the forefront of textile recycling, with Germany and France leading the charge in sustainability. The European Union mandates textile waste collection and recycling, and ๐๐ง๐๐ข๐ญ๐๐ฑ is one of the leaders in adopting circular economy models for garment reuse. The region's growing commitment to sustainable fashion reflects significant growth potential for the textile recycling market.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐
โฆ ๐๐๐ญ๐๐ ๐จ๐ง๐ข๐ has launched a new collection made entirely from recycled materials, showing its commitment to eco-friendly practices.
โฆ ๐&๐ has expanded its recycling program in Europe, collecting more than 15,000 tons of textile waste annually.
โฆ ๐๐ข๐ค๐ and ๐๐๐ฏ๐ข'๐ฌ have partnered with local recyclers to introduce circular production models for their apparel lines.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/222664/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ:
by Material
Cotton
Polyester
Wool
Polyamide
Others
by Source
Apparel Waste
Home Furnishing Waste
Automotive Waste
Others
by Process
Mechanical
Chemical
Thermal
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ฑ๐ญ๐ข๐ฅ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
Leigh fibers inc
2. usha yarns ltd
3. Khaloom Textiles India Pvt. Ltd.
4. American Textile Recycling Service
5. Suez Environment S.A.
6. Prokotex
8. Salvation Army
9. martex fiber southern corp.
10. Soex Group
11. Worn again technologies
12. Birla Cellulose
13. BLS Ecotech
14. The Woolmark Company
15. Ecotex Group
16. Boer Group Recycling Solutions
17. Collect GmbH
18. Textile Recycling International
19. Collect GmbH,
20. Patagonia,
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/textile-recycling-market/222664/
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
โฆ Acrylic Resins Market https://www.maximizemarketresearch.com/market-report/global-acrylic-resins-market/26325/
โฆ White Biotechnology Market https://www.maximizemarketresearch.com/market-report/global-white-biotechnology-market/98059/
โฆ Connected Healthcare Market https://www.maximizemarketresearch.com/market-report/connected-healthcare-market/121763/
โฆ Statin Market https://www.maximizemarketresearch.com/market-report/global-statin-market/77560/
โฆ Power Electronics Market https://www.maximizemarketresearch.com/market-report/global-power-electronics-market/25410/
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