According to the latest IMARC group report, entitled “Global Textile Recycling Market Size: Industry Trends, Share, Growth, Opportunity, and Forecast 2021-2026“, The global textile recycling market reached a value of about US $ 5 billion in 2020. In the future, IMARC group expects the global market to show moderate growth during the period 2021-2026.
We regularly monitor the direct effect of COVID-19[female[feminine on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Textile recycling refers to the reprocessing and reuse of old clothing, pumps and fibrous waste. These materials are typically salvaged from carpets, furniture, tires, discarded clothing, and other non-durable goods, such as towels and sheets. Recycling of textiles offers various economic benefits, such as reducing dependence on virgin fibers, reducing the use of chemical dyes, reducing pollution of water and soil, etc. It has become an effective method for ensuring sustainable practices in the garment industry. Textile recycling also finds many applications in several other end-use industries including retail, furniture, automotive, construction, construction, mining, etc.
Growing environmental concerns regarding the adverse impact of waste incineration, depletion of raw materials, heavy industrial discharges from textile factories, etc., are mainly driving the textile recycling market. In addition, the increasing production of synthetic and polyester fabrics has led to high levels of greenhouse gas emissions, thus increasing the need for recycled fabrics and catalyzing market growth. In addition to this, the growing public awareness regarding the importance of recycling old clothes and the increasing number of collection bins for sorting clothes are increasing the global market. In addition, the introduction of home collection programs for old clothes by recycling companies is acting as another important growth factor. Apart from this, the growing popularity of eco-friendly clothing, which is made up of recycled plastics, textiles and other organic raw materials, is expected to fuel the textile recycling market during the forecast period.
Textile Recycling Market Competitive analysis and segmentation 2021-2026:
Competitive landscape with key players:
The competitive landscape of the global textile recycling market has been studied in the report along with the detailed profiles of the major players operating in the market.
Competitive landscape with key players:
- Anandi companies
- Recycling of American textiles
- Recycling solutions from the Boer group
- I collect
- Infinite Fiber Company
- Pure textile waste
- Textiles Retex inc.
- Unifi inc.
Key market segmentation:
The report has segmented the global textile recycling market on the basis of product type, textile waste, distribution channel, end use, and region.
Breaking by type of product:
- Cotton recycling
- Wool recycling
- Recycling of polyester and polyester fibers
- Recycling nylon and nylon fibers
Breaking by Textile waste:
- Pre-consumer textiles
- Post-consumer textiles
Breaking by Distribution channel:
- Online channel
- Retail stores and department stores
Breaking by End use:
- Home furnishings
Breaking by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/textile-recycling-market
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Industry trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
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