Global recycled textiles market size is expected to grow at a CAGR of 2.8% through 2027

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The Global Recycled textiles market sizeShare, Trend, Demand, Report and Forecast 2022-2027′ by Expert Market Research provides an in-depth view of the Global Recycled Textile Market, assessing the market on the basis of its segments such as Type, End-Use, and Major Regions .

The report studies the latest market updates along with their impact on the market. It also analyzes market demand, along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.

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Recycled Textiles Market Share, Size, Industry Report, Key Player, Major Segments and Forecast

Key highlights of the report include:

Market Overview (2017-2027)

• Historical market (2021): $5.07 billion
• Forecast CAGR (2022-2027): 2.8%
• Forecast market (2027): $5.82 billion

Report attribute Details
Historical period 2017-2021
Forecast period 2022-2027
Year of reference 2021
Market size in 2021 $5.07 billion
Revenue forecasts in 2027 $5.82 billion
Growth rate CAGR 2.8%
Main actors Leigh Fibers Inc., Evrnu Technologies, Martex Fiber, Re:NewCell AB, Boer Group,
Khaloom Textiles India Pvt. Ltd and others

Clothes are very frequently discarded with changing fashions and preferences; apart from that, the clothes are also removed due to the end of their lifespan. Large amounts of textiles that have been discarded from households or those that arise during the manufacturing process of yarn, fabric or garment end up in landfills. About 80% of these textiles that are thrown away can be recycled and reused, but only a quarter of them are currently recycled.

The global recycled textile market is important for the environment because it takes years for natural fibers to decompose while synthetic fibers do not decompose at all. In addition, they are a source of greenhouse gas emissions such as carbon dioxide (CO2), nitrous oxide (N2O) and methane (CH4). Garments thrown into the landfill can pose risks to groundwater, as rainwater can absorb chemicals, dyes and bleaches used on textiles, making textile recycling imperative to build sustainability. sustainability of the clothing market. Textile can be recycled by recycling it, reusing it or remodeling it.

About 75% and 15% of pre- and post-consumer textile waste, respectively, is recycled in the United States. In Europe, around 35% of textile waste is recycled and the UK recycles around 25% of its clothing.

Segmentation of the recycled textiles market

Recycled textile refers to textile that has been recovered for reuse or recovery. In the recycling process, garments are classified into natural, synthetic and blended fabrics and then reused, reprocessed or redone, adding value to the waste. There are many ways to recycle textiles, for example, clothes can be shredded to make filler material for car insulation, furniture upholstery, panel lining etc., or cotton clothes can be recycled to make paper or for use in automotive, mining and other markets.

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On the basis of Type, the recycled textiles market is segmented into:

• Recycled cotton
• Recycled polyester
• Recycled wool
• Recycled nylon
• Others

The market is divided as follows, based on end use:

• Detail
• Automotive
• Building and construction
• Mining
• Others

Major regions covered in the report include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Recycled Textile Market Trends

Sustainability is the main driver of the global recycled textile market. The growing awareness of the harmful environmental impact of the frequent generation of new textile waste has guided manufacturers and designers to recycle and reuse old garments or fabrics. Designers offer bespoke outfits made from recycled fabrics.

Recycling saves on energy consumption as textiles can be used without the need for re-dyeing or sourcing. Architects have shown that recycled textiles can potentially create insulating building materials and add structural and aesthetic value. Ecological awareness has triggered research and development and experimentation with different techniques that are proving beneficial to the global recycled textile market. There is a great business opportunity for people trying to generate something new through textile recycling, especially in countries with fewer clothes collected by collection agencies.

The fashion sector is considered one of the polluting sectors. Therefore, giving paramount importance to recycling and reprocessing of garments or offcuts helps to ensure an eco-friendly and sustainable apparel market. Additionally, advancements in technology are paving the way for the manufacture of low-cost products from recycled textiles. There are deployed machines that can recycle textile waste to create raw materials that are on par with virgin materials and can produce high-quality products. The global recycled textile market is expected to show growth in the coming years.

Main market players

Key Players Covered in Global Recycled Textiles Market Report Include:

  • Leigh Fibers Inc.
  • Evrnu Technologies
  • Martex fiber
  • Subject: NewCell AB
  • boer group
  • Khaloom Textiles India Pvt. ltd.
  • Others

The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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