Textile Recycling Market Top Companies, Trends and Future Details for Business Opportunity 2023-2028

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Global Textile Recycling Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled “ Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20 23-2028,”

the global textile recycling market size reached US$ 5.2 Billion in 2022.

Textile recycling is the process of recovering old garments and other textiles for reuse and material recovery. It includes donating, collecting, sorting, processing, and transportation of used garments, rags, and other recovered materials to end users. It assists in avoiding the use of virgin fibers, reducing consumption of energy and water, generating less pollution, and minimizing the need for dyes.

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Global Textile Recycling Market Trends:

At present, there is a rise in the demand for textile recycling on account of the growing environmental concerns and increasing awareness about the detrimental impact of waste incineration, heavy industrial discharges from textile mills, and depletion of silk and wool. This, along with the burgeoning textile industry across the globe, represents one of the key factors driving the market.

Moreover, there is a rise in public awareness about the benefits of recycling old clothes. This, coupled with the increasing number of collection bins for cloth sorting at parking spaces, parks, shopping malls, and walkways, is propelling the growth of the market. In addition, several recycling companies are launching awareness campaigns about textile recycling and introducing door-to-door pickup programs for old garments.

Looking forward, the market value is projected to reach US$ 6.1 Billion by 2028, expanding at a CAGR of 2.85% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/textile-recycling-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Product Type:

• Cotton Recycling

• Wool Recycling

• Polyester & Polyester Fiber Recycling

• Nylon & Nylon Fiber Recycling

• Others

Breakup by Textile Waste:

• Pre-consumer Textile

• Post-consumer Textile

Breakup by Distribution Channel:

• Online Channel

• Retail & Departmental Store

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

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Competitive Landscape with Key Players:

• Anandi Enterprises

• American Textile Recycling Service

• Boer Group Recycling Solutions

• I:Collect GmbH

• Infinited Fiber Company

• Patagonia

• Prokotex

• Pure Waste Textiles

• Retex Textiles

• Unifi • Inc.

Report Description

1. What was the global textile recycling market size in 2022?

2. What will be the global textile recycling market outlook during the forecast period 2023-2028?

3. What is the impact of COVID-19 on the global textile recycling market?

4. What are the major global textile recycling market drivers?

5. What are the major global textile recycling market trends?

6. What is the global textile recycling market breakup by product type?

7. What is the global textile recycling market breakup by textile waste?

8. What is the global textile recycling market breakup by distribution channel?

9. What is the global textile recycling market breakup by end use?

10. What are the major regional markets in the global textile recycling industry?

11. Who are the leading global textile recycling industry players?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/textile-recycling-market/toc

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