Technical Outlook on the Textile Recycling Market Detailing Processing Innovation and Future Waste Diversion

टिप्पणियाँ · 8 विचारों

The global textile recycling market size was valued at USD 5.40 Billion in 2024

Market Overview

The global textile recycling market size was valued at USD 5.40 Billion in 2024 and is forecast to reach USD 6.71 Billion by 2033. It is expected to grow at a CAGR of 2.39% during the forecast period from 2025 to 2033. Growth is fueled by increasing environmental concerns, innovations in recycling technologies such as advanced sorting and chemical recycling, alongside government regulations promoting sustainable textile recycling practices. More details can be found at the Textile Recycling Market.

Study Assumption Years

  • Base Year: 2024
  • Historical Year/Period: 2019-2024
  • Forecast Year/Period: 2025-2033

Textile Recycling Market Key Takeaways

  • Current Market Size: USD 5.40 Billion in 2024
  • CAGR: 2.39% during 2025-2033
  • Forecast Period: 2025-2033
  • The market is driven by growing environmental concerns and government initiatives on sustainability and landfill reduction.
  • Innovations in advanced sorting techniques and processing of textile waste are pivotal market trends.
  • Europe leads the industry due to strict EU waste management regulations and high consumer environmental awareness.
  • The market is characterized by small, specialized firms and large textile companies forming strategic alliances for sustainability.
  • Challenges and opportunities exist in recycling blended fabrics and post-consumer waste to improve recycling technology efficiency.

Sample Request Link: https://www.imarcgroup.com/textile-recycling-market/requestsample

Market Growth Factors

The textile recycling market is primarily driven by increasing environmental concerns and the urgent need for sustainable waste management. Growing awareness among consumers about the environmental impact of textile waste and government initiatives focusing on sustainability and landfill reduction boost market growth. For instance, stringent regulations aim to nullify landfill waste and reduce greenhouse gas emissions, directly supporting the growth of textile recycling.

Technological advancements are another critical growth factor. The adoption of new sorting technologies that can discern textiles based on fiber composition and color enables efficient recycling. Moreover, advanced mechanical and chemical recycling technologies allow processing of hard-to-recycle blended fibers. Chemical recycling technologies convert textile waste into valuable raw materials, facilitating a closed textile loop and reducing dependency on virgin resources, which further opens growth opportunities.

Corporate sustainability commitments have a strong influence on the market trajectory. Many fashion and apparel corporations are setting aggressive goals to utilize recycled fibers in manufacturing, responding to consumer demand for sustainable products and reduced carbon footprints. Innovations such as the world’s first 100% pulp-from-recycled-textile Lyocell T-Shirt showcased by LIST Technology AG exemplify how sustainability drives market demand and technological progress.

Market Segmentation

  • Product Type: Cotton Recycling, Wool Recycling, Polyester & Polyester Fiber Recycling, Nylon & Nylon Fiber Recycling, Others
  • Cotton recycling dominates with the largest share due to its prevalence in clothing, biodegradability, and easier mechanical breakdown compared to synthetics. It reduces ecological impacts by using less water and energy than virgin cotton.
  • Textile Waste: Pre-consumer Textile, Post-consumer Textile
  • Pre-consumer textile waste leads the market as it comprises cleaner, homogeneous scraps from the manufacturing process, making sorting and recycling easier and cost-effective.
  • Distribution Channel: Online Channel, Retail & Departmental Store
  • Retail & departmental stores form the largest distribution segment, leveraging their extensive networks to deliver recycled textiles to consumers and promote eco-friendly business models.
  • End-Use: Apparel, Industrial, Home Furnishings, Non-woven, Others
  • Apparel holds the largest share, fueled by consumer interest in sustainable fashion and efforts by brands to incorporate recycled fibers into new collections, reducing environmental impacts.

Regional Insights

North America is the dominant region in textile recycling, accounting for the largest market share. This leadership is attributed to stringent regulatory frameworks, high consumer awareness, and significant investments in recycling technologies. The United States and Canada benefit from robust environmental protection laws and government policies promoting sustainable textile industry operations, coupled with a strong market demand for eco-friendly products. Advanced recycling infrastructure and industry collaboration further bolster the region's prominence in textile recycling.

Recent Developments & News

  • June 01, 2023: Boer Group Recycling Solution introduced a mobile NIR spectroscopy solution to enhance the efficiency of identifying and sorting textile materials.
  • May 24, 2023: Infinited Fiber Company signed an agreement with SOEX on textile waste feedstock for Infinited Fiber’s flagship factory.

These developments highlight ongoing technological advancements and strategic partnerships within the textile recycling industry, focusing on efficiency and resource optimization.

Key Players

  • Birla Cellulose (Aditya Birla Group)
  • BLS Ecotech Ltd. (BLS Group)
  • Boer Group
  • Lenzing AG
  • Martex Fiber (Leigh Fibers)
  • Pistoni S.r.l.
  • Remondis SE & Co. KG
  • Respun (Kay Gee Enterprises)
  • Unifi Inc.
  • Usha Yarns Ltd.

Customization Note

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Request for customization: https://www.imarcgroup.com/request?type=report&id=2101&flag=E

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302

टिप्पणियाँ