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Textile Recycling Market Size, Share, Trends, Growth Outlook

Textile Recycling Market Size, Share, Trends, Growth Outlook, and Opportunities to 2032- By Material (Cotton, Polyester, Wool, Polyamide, Others), By Source (Apparel Waste, Home Furnishing Waste, Automotive Waste, Others), By Process (Mechanical, Chemical), Countries and Companies Report

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  • |Published Month : July, 2024
  • |No. of Pages : 199

Global Textile Recycling Market Size is valued at $7.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 6.9% to reach $13 Billion by 2032.

The global Textile Recycling Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Material (Cotton, Polyester, Wool, Polyamide, Others), By Source (Apparel Waste, Home Furnishing Waste, Automotive Waste, Others), By Process (Mechanical, Chemical).

An Introduction to Textile Recycling Market in 2024

Textile recycling s to gain momentum as a sustainable solution for managing textile waste and reducing environmental impact in 2024. This process involves the collection, sorting, and processing of discarded textiles to create new materials or products, minimizing the use of raw materials and diverting textiles from landfills. Textile recycling encompasses various techniques, including mechanical recycling, chemical recycling, and upcycling, each offering unique benefits and challenges. Mechanical recycling involves shredding and reprocessing textiles into fibers for use in new products such as insulation, upholstery, and automotive components. Chemical recycling utilizes chemical processes to break down textile fibers into their molecular components, which can then be used to produce new fibers or chemicals. Upcycling involves transforming discarded textiles into higher-value products through processes such as repurposing, redesigning, or converting into new garments or accessories. With increasing awareness of environmental issues and circular economy principles, textile recycling initiatives to expand, driven by collaborations between governments, industries, and consumers to promote sustainable practices and reduce textile waste.

Textile Recycling Industry- Market Size, Share, Trends, Growth Outlook

Textile Recycling Market Competitive Landscape

The market report analyses the leading companies in the industry including Birla Cellulose, BLS Ecotech, Ecotex Group, Hyosung Group, iinouiio Ltd, Lenzing Group, Martex Fiber, Pistoni S.r.l., RE TEXTIL Deutschland GmbH., RenewCell, Textile Recycling International, The Boer Group, The Woolmark Company, Unifi Inc, Worn again technologies, and others.

Textile Recycling Market Dynamics

Market Trend: Growing Demand for Sustainable Fashion and Circular Economy Practices

A significant trend in the textile recycling market is the growing demand for sustainable fashion and circular economy practices. As consumers become more environmentally conscious, there is an increasing preference for clothing made from recycled materials and produced through sustainable processes. This trend is driving the adoption of textile recycling initiatives by fashion brands and retailers seeking to reduce their environmental footprint and meet consumer expectations for eco-friendly products. Additionally, there is a growing awareness of the importance of closing the loop in the textile supply chain, with a focus on extending the lifespan of textiles through recycling and reuse. As a result, textile recycling is emerging as a key solution to address the environmental impact of textile production and consumption, driving market growth and innovation in recycling technologies and practices.

Market Driver: Environmental Concerns and Waste Reduction Goals

The primary driver for the textile recycling market is environmental concerns and waste reduction goals. With the textile industry being one of the largest contributors to global waste generation, there is increasing pressure to address the environmental impact of textile production and disposal. Governments, regulatory bodies, and environmental organizations are implementing policies and initiatives to promote waste reduction, resource efficiency, and circular economy practices within the textile sector. This includes measures to incentivize textile recycling, such as extended producer responsibility (EPR) schemes, landfill bans on textile waste, and subsidies for recycling infrastructure development. Additionally, businesses are facing pressure from consumers, investors, and other stakeholders to adopt sustainable practices throughout their operations, including waste management and recycling. As a result, textile recycling is becoming an increasingly important aspect of corporate sustainability strategies, driving market demand and investment in recycling technologies and infrastructure.

Market Opportunity: Development of Closed-Loop Supply Chains and Value-Added Products

A significant opportunity for the textile recycling market lies in the development of closed-loop supply chains and value-added products derived from recycled textiles. Closed-loop supply chains involve the collection, sorting, recycling, and reintroduction of textile materials into the production cycle, creating a circular economy model where waste is minimized, and resources are conserved. By investing in closed-loop systems and partnerships across the textile value chain, stakeholders can optimize resource use, reduce environmental impact, and create economic value from textile waste. Additionally, there is an opportunity to develop value-added products from recycled textiles, such as eco-friendly clothing, accessories, home textiles, and industrial materials. These products offer sustainability benefits, cost savings, and market differentiation opportunities for brands and retailers looking to meet consumer demand for sustainable alternatives. By leveraging innovative recycling technologies, design approaches, and marketing strategies, stakeholders in the textile recycling market can capitalize on opportunities to create value, drive market growth, and contribute to a more sustainable and circular economy.

Textile Recycling Market Share Analysis: Cotton segment generated the highest revenue in 2024

Among the materials in the textile recycling market, the Cotton segment is the largest and most dominant player. Cotton is one of the most widely used natural fibers in the textile industry, accounting for a significant portion of global textile production. Due to its versatile properties, such as breathability, absorbency, and comfort, cotton fabrics are prevalent in clothing, home textiles, and industrial applications. Additionally, cotton's biodegradability and renewable nature make it an attractive material for recycling initiatives aimed at reducing waste and environmental impact. Textile recycling processes for cotton involve sorting, shredding, and processing discarded cotton textiles into reusable fibers or yarns for manufacturing new textile products. Furthermore, increasing consumer awareness of sustainable fashion practices and circular economy principles drives the demand for recycled cotton textiles, further reinforcing the dominance of the Cotton segment in the textile recycling market. With its widespread use, favorable properties, and growing demand for sustainable materials, the Cotton segment is expected to maintain its leading position and witness continued growth in the textile recycling industry.

Textile Recycling Market Share Analysis: Apparel Waste is poised to register the fastest CAGR over the forecast period

Among the sources in the textile recycling market, the Apparel Waste segment is the fastest-growing player. Apparel waste, which includes discarded clothing items, represents a significant portion of the textile waste generated globally. With the rise of fast fashion and changing consumer trends, the fashion industry produces a staggering amount of textile waste each year. Apparel waste is abundant and readily available for recycling initiatives, making it an attractive source for textile recycling programs. Additionally, increasing awareness of the environmental impact of textile waste and the importance of sustainable fashion practices drives the demand for apparel recycling solutions. Furthermore, advancements in textile recycling technologies and processes enable the efficient recovery and reuse of fibers from discarded clothing, contributing to the growth of the Apparel Waste segment. With its abundant supply, increasing demand for sustainable fashion, and technological innovations in recycling methods, the Apparel Waste segment is poised to witness sustained growth and play a significant role in the expansion of the textile recycling market.

Textile Recycling Market Share Analysis: Mechanical Process segment generated the highest revenue in 2024

Within the textile recycling market, the Mechanical Process segment is the largest and most dominant player. The mechanical recycling process involves shredding, cutting, and sorting discarded textiles to separate fibers from fabric blends or garments. This method is widely adopted due to its simplicity, cost-effectiveness, and ability to process a wide range of textile materials, including natural fibers like cotton and synthetic fibers like polyester. Additionally, mechanical recycling minimizes the use of chemicals and energy compared to chemical recycling methods, making it environmentally friendly and appealing to sustainability-conscious consumers and businesses. Furthermore, the demand for recycled fibers continues to grow, driven by increasing awareness of textile waste issues and the need for circular economy solutions in the fashion and textile industries. With its efficiency, versatility, and environmental benefits, the Mechanical Process segment maintains its leadership position in the textile recycling market and is expected to witness continued growth in the future.

Textile Recycling Market

By Material
Cotton
Polyester
Wool
Polyamide
Others
By Source
Apparel Waste
Home Furnishing Waste
Automotive Waste
Others
By Process
Mechanical
ChemicalCountries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Textile Recycling Companies Profiled in the Study

Birla Cellulose
BLS Ecotech
Ecotex Group
Hyosung Group
iinouiio Ltd
Lenzing Group
Martex Fiber
Pistoni S.r.l.
RE TEXTIL Deutschland GmbH.
RenewCell
Textile Recycling International
The Boer Group
The Woolmark Company
Unifi Inc
Worn again technologies
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Textile Recycling Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Textile Recycling Market Size Outlook, $ Million, 2021 to 2032
3.2 Textile Recycling Market Outlook by Type, $ Million, 2021 to 2032
3.3 Textile Recycling Market Outlook by Product, $ Million, 2021 to 2032
3.4 Textile Recycling Market Outlook by Application, $ Million, 2021 to 2032
3.5 Textile Recycling Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of Textile Recycling Industry
4.2 Key Market Trends in Textile Recycling Industry
4.3 Potential Opportunities in Textile Recycling Industry
4.4 Key Challenges in Textile Recycling Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Textile Recycling Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Textile Recycling Market Outlook by Segments
7.1 Textile Recycling Market Outlook by Segments, $ Million, 2021- 2032
By Material
Cotton
Polyester
Wool
Polyamide
Others
By Source
Apparel Waste
Home Furnishing Waste
Automotive Waste
Others
By Process
Mechanical
Chemical

8 North America Textile Recycling Market Analysis and Outlook To 2032
8.1 Introduction to North America Textile Recycling Markets in 2024
8.2 North America Textile Recycling Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Textile Recycling Market size Outlook by Segments, 2021-2032
By Material
Cotton
Polyester
Wool
Polyamide
Others
By Source
Apparel Waste
Home Furnishing Waste
Automotive Waste
Others
By Process
Mechanical
Chemical

9 Europe Textile Recycling Market Analysis and Outlook To 2032
9.1 Introduction to Europe Textile Recycling Markets in 2024
9.2 Europe Textile Recycling Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Textile Recycling Market Size Outlook by Segments, 2021-2032
By Material
Cotton
Polyester
Wool
Polyamide
Others
By Source
Apparel Waste
Home Furnishing Waste
Automotive Waste
Others
By Process
Mechanical
Chemical

10 Asia Pacific Textile Recycling Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Textile Recycling Markets in 2024
10.2 Asia Pacific Textile Recycling Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Textile Recycling Market size Outlook by Segments, 2021-2032
By Material
Cotton
Polyester
Wool
Polyamide
Others
By Source
Apparel Waste
Home Furnishing Waste
Automotive Waste
Others
By Process
Mechanical
Chemical

11 South America Textile Recycling Market Analysis and Outlook To 2032
11.1 Introduction to South America Textile Recycling Markets in 2024
11.2 South America Textile Recycling Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Textile Recycling Market size Outlook by Segments, 2021-2032
By Material
Cotton
Polyester
Wool
Polyamide
Others
By Source
Apparel Waste
Home Furnishing Waste
Automotive Waste
Others
By Process
Mechanical
Chemical

12 Middle East and Africa Textile Recycling Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Textile Recycling Markets in 2024
12.2 Middle East and Africa Textile Recycling Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Textile Recycling Market size Outlook by Segments, 2021-2032
By Material
Cotton
Polyester
Wool
Polyamide
Others
By Source
Apparel Waste
Home Furnishing Waste
Automotive Waste
Others
By Process
Mechanical
Chemical

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Birla Cellulose
BLS Ecotech
Ecotex Group
Hyosung Group
iinouiio Ltd
Lenzing Group
Martex Fiber
Pistoni S.r.l.
RE TEXTIL Deutschland GmbH.
RenewCell
Textile Recycling International
The Boer Group
The Woolmark Company
Unifi Inc
Worn again technologies

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Material
Cotton
Polyester
Wool
Polyamide
Others
By Source
Apparel Waste
Home Furnishing Waste
Automotive Waste
Others
By Process
Mechanical
Chemical
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Frequently Asked Questions