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Textile Recycling Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 to 2034

Publisher Global Market Insights
Published Nov 25, 2024
Length 220 Pages
SKU # GMI19503660

Description

Textile Recycling Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 to 2034


The Global Textile Recycling Market was valued at USD 6 billion in 2024 and is projected to grow at a CAGR of 4.9% from 2025 to 2034. Textile recycling involves the recovery and reprocessing of used textiles to create new products, contributing to waste reduction and minimizing the environmental footprint of textile manufacturing.

The surge in demand for eco-friendly materials and sustainable fashion is a major factor driving the growth of this market. As consumers increasingly favor brands that prioritize ethical practices, the use of recycled textiles has gained significant momentum. These materials have a much lower environmental impact compared to traditional textiles, which is fueling their popularity. Additionally, advancements in recycling technologies have made it easier to process various types of textiles, including both natural fibers and synthetic materials. Enhanced recycling methods now enable manufacturers to produce higher-quality fibers that are more durable and sustainable.

The rising awareness around environmental conservation is also playing a pivotal role in market growth. Educational campaigns, government regulations, and industry-led initiatives encourage consumers to adopt responsible disposal and recycling habits. This heightened awareness is fostering a culture of sustainability, prompting both individuals and organizations to actively participate in textile recycling programs. Consequently, the growing demand for recycled materials is spurring further technological innovations in the industry.

In terms of waste sources, the market is segmented into home furnishing waste, apparel waste, and others. In 2024, apparel waste emerged as the dominant segment, accounting for USD 3.3 billion in revenue. The high volume of discarded clothing from consumers drives this segment, as fast fashion trends lead to frequent wardrobe changes. Meanwhile, home furnishing waste and other categories contribute to the market at a slower pace due to their longer product lifecycles.

When segmented by recycling technology, mechanical recycling holds the largest market share at 68.8% in 2024. Its popularity stems from lower operational costs and simpler processes than chemical recycling. Polyester is the leading material in the recycling market, generating USD 2.9 billion in 2024, primarily due to its extensive use in the fashion industry. The demand for recycled polyester is growing, driven by its role in reducing plastic waste and supporting sustainable clothing production.

North America, with the U.S. at the forefront, leads the global textile recycling market. The region benefits from a robust infrastructure for waste collection and processing, alongside increasing investments in sustainable practices and recycling programs.

Table of Contents

220 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021-2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Rising demand for sustainable fashion and eco-friendly materials
3.6.1.2 Advancements in recycling technologies for various textile types
3.6.1.3 Growing awareness among consumers about waste reduction
3.6.2 Industry pitfalls & challenges
3.6.2.1 High costs associated with textile collection, sorting, and processing
3.6.2.2 Quality degradation of recycled fibers compared to virgin fibers
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Source, 2021-2034 (USD Billion, Kilo Tons)
5.1 Key trends
5.2 Apparel waste
5.3 Home furnishing waste
5.4 Others
Chapter 6 Market Size and Forecast, By Technology, 2021-2034 (USD Billion, Kilo Tons)
6.1 Key trends
6.2 Mechanical recycling
6.3 Chemical recycling
Chapter 7 Market Size and Forecast, By Material, 2021-2034 (USD Billion, Kilo Tons)
7.1 Key trends
7.2 Polyester
7.3 Cotton
7.4 Nylon
7.5 Wool
7.6 Others
Chapter 8 Market Size and Forecast, By Waste, 2021-2034 (USD Billion, Kilo Tons)
8.1 Key trends
8.2 Pre-Consumer waste
8.3 Post-Consumer waste
Chapter 9 Market Size and Forecast, By End Use, 2021-2034 (USD Billion, Kilo Tons)
9.1 Key trends
9.2 Apparel
9.3 Home furnishing
9.4 Fabrics
9.5 Building & construction
9.6 Automotive & transportation
9.7 Others
Chapter 10 Market Size and Forecast, By Region, 2021-2034 (USD Billion, Kilo Tons)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.6 MEA
10.6.1 South Africa
10.6.2 Saudi Arabia
10.6.3 UAE
Chapter 11 Company Profiles
11.1 BLS Ecotech
11.2 iinouiio
11.3 Leigh Fibers
11.4 Lenzing
11.5 Martex Fiber
11.6 Patagonia
11.7 Pistoni S.r.l.
11.8 RE TEXTIL Deutschland
11.9 Renewcell
11.10 Textile Recycling International
11.11 Unifi
11.12 Worn Again Technologies
 

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