Global Textile recycling Market
Description
Global Textile Recycling Market size was valued at USD 7.26 Billion in 2023 poised to grow from USD 7.91 Billion in 2024 to USD 13.51 Billion by 2032, growing at a CAGR of 6.9% in the forecast period (2025-2032).
The textile recycling market is gaining momentum as the demand for eco-friendly solutions rises amidst heightened environmental awareness. This process involves recovering and reprocessing used garments into new materials for industries like fashion, automotive, and construction, aiming to reduce waste and minimize environmental impact. Millions of tons of textile waste are generated annually, highlighting significant inefficiencies in recycling that present opportunities for improvement. As consumers increasingly seek sustainable options, the textile sector is under pressure to incorporate recycled fibers, promoting a circular economy. Educational campaigns and initiatives supporting circular models are essential to shift behavior, elevate recycling rates, and enhance consumer acceptance of sustainable practices. The combination of rising demand and growing consciousness is set to propel the textile recycling market forward.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Textile Recycling market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Textile Recycling Market Segments Analysis
The Global Textile Recycling Market is segmented based on material, sources, process and region. In terms of material, the market is grouped into cotton, polyester, wool, polyamide and others. Based on sources, the market is segmented into apparel waste, home furnishing waste, automotive waste and others. Based on process, the market is segmented into mechanical and chemical. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Driver of the Global Textile Recycling Market
The increasing urgency to address high greenhouse gas (GHG) emissions is driving expansion in the global textile recycling market, as both the industry and policymakers recognize the crucial role of recycling in combating climate change. The production and disposal of textiles significantly contribute to GHG emissions, exacerbated by energy-intensive processes such as dyeing, finishing, and the fast fashion industry's culture of disposability. By embracing textile recycling, we can lessen our reliance on virgin materials, lower energy consumption, and minimize landfill waste, making it a vital solution in the quest for sustainable practices within the textile sector.
Restraints in the Global Textile Recycling Market
One of the key challenges facing the global textile recycling market is the presence of hazardous chemicals in recycled materials. As demand for sustainable products increases, consumers are becoming increasingly skeptical of unverified claims of sustainability, as there is no established standard for evaluation. This situation is being addressed by various initiatives under the EU’s Circular Economy Action Plan. However, the issue of dangerous chemicals remains significant, with recycled textiles often containing harmful substances such as phthalates and heavy metals. This raises concerns not only for environmental safety but also for consumer health, complicating the advancement of sustainable textile recycling practices.
Market Trends of the Global Textile Recycling Market
The Global Textile Recycling market is witnessing a significant trend towards AI-driven automation, revolutionizing efficiency and sustainability in the sector. As the EU sets ambitious targets to collect 16 million tons of textile waste annually by 2025, the need for scalable and effective recycling solutions becomes paramount. Innovations like PICVISA's automated sorting systems leverage AI and robotics to address the complexities of diverse fiber types and labeling challenges, resulting in improved operational efficiency. This automation not only reduces costs but also enhances accuracy, propelling the industry towards industrial-scale recycling and a greener future, thus creating a robust and sustainable market landscape.
The textile recycling market is gaining momentum as the demand for eco-friendly solutions rises amidst heightened environmental awareness. This process involves recovering and reprocessing used garments into new materials for industries like fashion, automotive, and construction, aiming to reduce waste and minimize environmental impact. Millions of tons of textile waste are generated annually, highlighting significant inefficiencies in recycling that present opportunities for improvement. As consumers increasingly seek sustainable options, the textile sector is under pressure to incorporate recycled fibers, promoting a circular economy. Educational campaigns and initiatives supporting circular models are essential to shift behavior, elevate recycling rates, and enhance consumer acceptance of sustainable practices. The combination of rising demand and growing consciousness is set to propel the textile recycling market forward.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Textile Recycling market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Textile Recycling Market Segments Analysis
The Global Textile Recycling Market is segmented based on material, sources, process and region. In terms of material, the market is grouped into cotton, polyester, wool, polyamide and others. Based on sources, the market is segmented into apparel waste, home furnishing waste, automotive waste and others. Based on process, the market is segmented into mechanical and chemical. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Driver of the Global Textile Recycling Market
The increasing urgency to address high greenhouse gas (GHG) emissions is driving expansion in the global textile recycling market, as both the industry and policymakers recognize the crucial role of recycling in combating climate change. The production and disposal of textiles significantly contribute to GHG emissions, exacerbated by energy-intensive processes such as dyeing, finishing, and the fast fashion industry's culture of disposability. By embracing textile recycling, we can lessen our reliance on virgin materials, lower energy consumption, and minimize landfill waste, making it a vital solution in the quest for sustainable practices within the textile sector.
Restraints in the Global Textile Recycling Market
One of the key challenges facing the global textile recycling market is the presence of hazardous chemicals in recycled materials. As demand for sustainable products increases, consumers are becoming increasingly skeptical of unverified claims of sustainability, as there is no established standard for evaluation. This situation is being addressed by various initiatives under the EU’s Circular Economy Action Plan. However, the issue of dangerous chemicals remains significant, with recycled textiles often containing harmful substances such as phthalates and heavy metals. This raises concerns not only for environmental safety but also for consumer health, complicating the advancement of sustainable textile recycling practices.
Market Trends of the Global Textile Recycling Market
The Global Textile Recycling market is witnessing a significant trend towards AI-driven automation, revolutionizing efficiency and sustainability in the sector. As the EU sets ambitious targets to collect 16 million tons of textile waste annually by 2025, the need for scalable and effective recycling solutions becomes paramount. Innovations like PICVISA's automated sorting systems leverage AI and robotics to address the complexities of diverse fiber types and labeling challenges, resulting in improved operational efficiency. This automation not only reduces costs but also enhances accuracy, propelling the industry towards industrial-scale recycling and a greener future, thus creating a robust and sustainable market landscape.
Table of Contents
290 Pages
- 1. Introduction
- 1.1. Objectives of the Study
- 1.2. Scope of the Report
- 1.3. Definitions
- 2. Research Methodology
- 2.1. Information Procurement
- 2.2. Secondary & Primary Data Methods
- 2.3. Market Size Estimation
- 2.4. Market Assumptions & Limitations
- 3. Executive Summary
- 3.1. Global Market Outlook
- 3.2. Supply & Demand Trend Analysis
- 3.3. Segmental Opportunity Analysis
- 4. Market Dynamics & Outlook
- 4.1. Market Overview
- 4.2. Market Size
- 4.3. Market Dynamics
- 4.3.1. Drivers & Opportunities
- 4.3.2. Restraints & Challenges
- 4.4. Porters Analysis
- 4.4.1. Competitive rivalry
- 4.4.2. Threat of substitute
- 4.4.3. Bargaining power of buyers
- 4.4.4. Threat of new entrants
- 4.4.5. Bargaining power of suppliers
- 5. Key Market Insights
- 5.1. Key Success Factors
- 5.2. Degree of Competition
- 5.3. Top Investment Pockets
- 5.4. Market Attractive Index
- 5.5. Ecosystem Mapping
- 5.6. Market Demand Analysis
- 5.7. Technology and Integration Analysis
- 5.8. Future Outlook Analysis
- 6. Global Textile Recycling Market Size by Material & CAGR (2019-2032)
- 6.1. Market Overview
- 6.2. Cotton
- 6.3. Polyester
- 6.4. Wool
- 6.5. Polyamide
- 6.6. Others
- 7. Global Textile Recycling Market Size by Sources & CAGR (2019-2032)
- 7.1. Market Overview
- 7.2. Apparel Waste
- 7.3. Home Furnishing Waste
- 7.4. Automotive Waste
- 7.5. Others
- 8. Global Textile Recycling Market Size by Process & CAGR (2019-2032)
- 8.1. Market Overview
- 8.2. Mechanical
- 8.3. Chemical
- 9. Global Textile Recycling Market Size & CAGR (2019-2032)
- 9.1. North America (Material, Sources, Process)
- 9.1.1. US
- 9.1.2. Canada
- 9.2. Europe (Material, Sources, Process)
- 9.2.1. Germany
- 9.2.2. Spain
- 9.2.3. France
- 9.2.4. UK
- 9.2.5. Italy
- 9.2.6. Rest of Europe
- 9.3. Asia Pacific (Material, Sources, Process)
- 9.3.1. China
- 9.3.2. India
- 9.3.3. Japan
- 9.3.4. South Korea
- 9.3.5. Rest of Asia-Pacific
- 9.4. Latin America (Material, Sources, Process)
- 9.4.1. Brazil
- 9.4.2. Rest of Latin America
- 9.5. Middle East & Africa (Material, Sources, Process)
- 9.5.1. GCC Countries
- 9.5.2. South Africa
- 9.5.3. Rest of Middle East & Africa
- 10. Competitive Intelligence
- 10.1. Top 5 Player Comparison
- 10.2. Market Positioning of Key Players, 2024
- 10.3. Strategies Adopted by Key Market Players
- 10.4. Recent Developments in the Market
- 10.5. Company Market Share Analysis, 2024
- 10.6. Company Profiles of All Key Players
- 10.6.1. Company Details
- 10.6.2. Product Portfolio Analysis
- 10.6.3. Company's Segmental Share Analysis
- 10.6.4. Revenue Y-O-Y Comparison (2022-2024)
- 11. Key Company Profiles
- 11.1. Lenzing AG
- 11.1.1. Company Overview
- 11.1.2. Business Segment Overview
- 11.1.3. Financial Updates
- 11.1.4. Key Developments
- 11.2. BLS Ecotech
- 11.2.1. Company Overview
- 11.2.2. Business Segment Overview
- 11.2.3. Financial Updates
- 11.2.4. Key Developments
- 11.3. Unifi Inc. (Unifi)
- 11.3.1. Company Overview
- 11.3.2. Business Segment Overview
- 11.3.3. Financial Updates
- 11.3.4. Key Developments
- 11.4. Leigh Fibers
- 11.4.1. Company Overview
- 11.4.2. Business Segment Overview
- 11.4.3. Financial Updates
- 11.4.4. Key Developments
- 11.5. Pistoni S.r.l.
- 11.5.1. Company Overview
- 11.5.2. Business Segment Overview
- 11.5.3. Financial Updates
- 11.5.4. Key Developments
- 11.6. Usha Yarns Ltd.
- 11.6.1. Company Overview
- 11.6.2. Business Segment Overview
- 11.6.3. Financial Updates
- 11.6.4. Key Developments
- 11.7. Textile Recycling International Limited
- 11.7.1. Company Overview
- 11.7.2. Business Segment Overview
- 11.7.3. Financial Updates
- 11.7.4. Key Developments
- 11.8. Worn Again
- 11.8.1. Company Overview
- 11.8.2. Business Segment Overview
- 11.8.3. Financial Updates
- 11.8.4. Key Developments
- 11.9. Ambercycle
- 11.9.1. Company Overview
- 11.9.2. Business Segment Overview
- 11.9.3. Financial Updates
- 11.9.4. Key Developments
- 11.10. Anandi Texstyles Pvt Ltd
- 11.10.1. Company Overview
- 11.10.2. Business Segment Overview
- 11.10.3. Financial Updates
- 11.10.4. Key Developments
- 11.11. The Woolmark Company
- 11.11.1. Company Overview
- 11.11.2. Business Segment Overview
- 11.11.3. Financial Updates
- 11.11.4. Key Developments
- 11.12. Pure Waste
- 11.12.1. Company Overview
- 11.12.2. Business Segment Overview
- 11.12.3. Financial Updates
- 11.12.4. Key Developments
- 11.13. RE Textil Deutschland GmbH
- 11.13.1. Company Overview
- 11.13.2. Business Segment Overview
- 11.13.3. Financial Updates
- 11.13.4. Key Developments
- 11.14. Boer Group
- 11.14.1. Company Overview
- 11.14.2. Business Segment Overview
- 11.14.3. Financial Updates
- 11.14.4. Key Developments
- 11.15. Retex Textiles Inc.
- 11.15.1. Company Overview
- 11.15.2. Business Segment Overview
- 11.15.3. Financial Updates
- 11.15.4. Key Developments
- 11.16. Hyosung Group
- 11.16.1. Company Overview
- 11.16.2. Business Segment Overview
- 11.16.3. Financial Updates
- 11.16.4. Key Developments
- 11.17. Infinited Fiber Company
- 11.17.1. Company Overview
- 11.17.2. Business Segment Overview
- 11.17.3. Financial Updates
- 11.17.4. Key Developments
- 11.18. Natural Fiber Welding, Inc.
- 11.18.1. Company Overview
- 11.18.2. Business Segment Overview
- 11.18.3. Financial Updates
- 11.18.4. Key Developments
- 11.19. The Ecotex Group
- 11.19.1. Company Overview
- 11.19.2. Business Segment Overview
- 11.19.3. Financial Updates
- 11.19.4. Key Developments
- 11.20. Procotex Corporation
- 11.20.1. Company Overview
- 11.20.2. Business Segment Overview
- 11.20.3. Financial Updates
- 11.20.4. Key Developments
- 12. Conclusion & Recommendations
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
