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Textile Recycling Market Share, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts to 2022-2027

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Textile Recycling Market Share, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts to 2022-2027

September 26
17:54 2022
Textile Recycling Market Share, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts to 2022-2027
Textile Recycling Market Share 2022-2027
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

The latest report published by IMARC Group, titled “textile recycling market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the Textile Recycling Market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

 

Overview:

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 represents the method of reprocessing and reusing old clothing, scraps, and fibrous waste materials. These materials are usually recovered from discarded clothes, carpets, furniture, tires, footwear, and other non-durable goods, such as towels and sheets. Textile recycling offers various environmental and economic benefits, including minimizing land and water pollution, reducing dependence on virgin fibers, curbing usage of chemical dyes, etc. As a result, it has emerged as an essential method for sustainability development in the apparel industry. On account of these benefits, recycled textiles have extensive applications across several end-use sectors, such as apparel, home furnishings, retail, automotive, mining, construction, etc.

Download Free Sample Brochure: https://www.imarcgroup.com/textile-recycling-market/requestsample

Market Trends and Drivers:

The growing production of synthetic and polyester fabrics has led to high emission levels of greenhouse gases, which is among the key factors stimulating the textile recycling market. Furthermore, the rising public awareness towards recycling old clothes and the inflating number of collection bins for cloth sorting are also propelling the market growth. Moreover, the launch of informative initiatives regarding textile recycling and the introduction of door-to-door pickup programs for old garments are further catalyzing the global market. Apart from this, the expanding adoption of innovative strategies for picking up post-consumer clothing materials by installing attractive cloth bins in public places, such as parking spaces, parks, shopping malls, walkways, and other high-visibility locations, is also driving the market growth. Besides this, the increasing penetration of automation in the recycled textile industry is expected to positively influence the textile recycling market in the coming years. 

Note: 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.

Report Scope of Textile Recycling Market:

Report Features

Details

Base Year of the Analysis

2021

Historical Period

2016-2021

Forecast Period

2022-2027

Units

US$ Billion

Segment Coverage

Product Type, Textile Waste, Distribution Channel, End Use, Region

 

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.

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.

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.

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

Inquire Before Buying: https://www.imarcgroup.com/request?type=report&id=2101&flag=F

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.

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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.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
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Country: United States
Website: https://www.imarcgroup.com

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