Clothing and Textile Recycling Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Clothing and Textile Recycling Market Size

The global market for Clothing and Textile Recycling was valued at US$ 13610 million in the year 2024 and is projected to reach a revised size of US$ 20220 million by 2031, growing at a CAGR of 5.9% during the forecast period.

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Textile recycling is old clothing and other textiles are recovered for reuse or material recovery. It is the basis for the textile recycling industry. The necessary steps in the textile recycling process involve the collection, sorting and processing of textiles, and then subsequent transportation to end users.

Clothing and Textile Recycling market driver as below:

Environmental Concerns: Increased awareness of the environmental impact of the fashion industry, including resource consumption and waste generation, has led to a demand for more sustainable practices like recycling.

Textile Waste Reduction: Clothing and textile recycling help divert textiles from landfills, reducing the amount of waste that ends up in these disposal sites.

Resource Conservation: Recycling textiles conserves valuable resources like water, energy, and raw materials that are used in the production of new textiles.

Circular Economy: The concept of the circular economy encourages the reuse and recycling of products to extend their lifespan and reduce the need for new production.

Fast Fashion Impact: The fast fashion industry"s rapid turnover of styles contributes to more discarded clothing, making recycling a solution to manage the excess.

Consumer Awareness: Consumers are increasingly seeking eco-friendly products and supporting brands that prioritize sustainability and recycling.

Regulatory Pressures: Governments and regulatory bodies are implementing measures to promote sustainable practices, including recycling, within the fashion industry.

Brand Reputation: Brands that incorporate recycling into their practices enhance their reputation and appeal to eco-conscious consumers.

Textile Innovation: Recycled textiles can be used in innovative ways, such as creating new fabrics, materials, and products.

Collaborative Initiatives: Partnerships between fashion brands, textile manufacturers, and recycling facilities drive the development of efficient recycling processes.

Ethical Fashion Movement: The ethical fashion movement focuses on responsible sourcing, production, and disposal of clothing, aligning with clothing recycling efforts.

Closed-Loop Systems: Clothing brands are exploring closed-loop systems where old clothing is collected, recycled, and used to produce new garments.

Reduced Carbon Emissions: Recycling textiles requires less energy compared to producing new textiles, leading to reduced carbon emissions.

Job Creation: Clothing recycling initiatives create job opportunities in areas such as collection, sorting, and processing of discarded textiles.

Innovative Business Models: Some companies offer clothing rental, subscription, or resale services that promote reuse and contribute to textile recycling efforts.

Upcycling and Repurposing: Clothing and textile recycling extends beyond basic material recovery, encompassing creative upcycling and repurposing projects.

This report aims to provide a comprehensive presentation of the global market for Clothing and Textile Recycling, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Clothing and Textile Recycling.

The Clothing and Textile Recycling market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Clothing and Textile Recycling market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Clothing and Textile Recycling companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
• Clothing
• Shoes
• Bags

By Application
• Reuse
• Repurpose
• Recycle

Key Companies
Boer Group, Evrnu, Remains, Inc., Cookstown Textile Recyclers, Wilcox, Green City Recycler, Better Earth Textile Recycling, VIVE Textile Recycling, Greensquare, I:Collect GmbH, Dolly Textile Recycling, Remitex GmbH Textile Recycling, Friendship Used Clothing, Roberts Recycling, MuddleArt, ReCircled, Renewcell, CIRC, CuRe, FabricAID, Retrievr Inc, BlockTexx, Shengdonghua Environmental Protection Investment

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