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Textile Recycling Market Trends, Demand, Share, Major Player, Competitive Outlook Forecast to 2022-2027

 According to the latest report by IMARC Group, titled “Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global textile recycling market reached a value of US$ 5.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.86 Billion by 2027, exhibiting at a CAGR of 2.6% during 2022-2027. Textile recycling is a method of reprocessing old clothing, fibrous waste materials, and scarps. The materials are recovered from carpets, clothes, furniture, footwear, and other non-durable items. The recycling of these items offers several economic and environmental benefits, such as minimizing dependence on virgin fibers, reducing land and water pollution, and curbing the use of chemical dyes. As a result, recycled textiles are extensively used across several end-use industries, such as automotive, apparel, retail, building, construction, mining, and home furnishings.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The increasing consumer awareness regarding the detrimental impact of waste incineration has encouraged the recycling of old clothes, which represents one of the key factors primarily driving the market growth. Apart from this, the emergence of eco-clothes and the increasing automation in the recycled textile industry are factors providing a considerable boost to the market growth. The key players are also actively working to collect post-consumer clothing materials by placing attractive cloth bins at public parks and other such spaces, which is creating a positive outlook for the market.

Textile Recycling Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global textile recycling market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the global textile recycling market on the basis of product type, textile waste, distribution channel, end use and region.

Competitive Landscape with Key Players:

  • Anandi Enterprises
  • American Textile Recycling
  • Boer Group Recycling Solutions
  • I: Collect
  • Infinited Fiber Company
  • Patagonia
  • Prokotex
  • Pure Waste Textiles
  • Retex Textiles Inc.
  • Unifi Inc.

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

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures:  https://www.imarcgroup.com/request?type=report&id=2101&flag=C

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                           

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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