Textile Recycling Market Report: Market anticipated to reach USD 7.8 BN by 2026
Posted On October 01, 2020
The Global Textile Recycling Market value is expected to grow from USD 5.6 BN in 2019 to USD 7.8 BN by 2026 at a CAGR of 5% during 2020-2026 as per the market report by Value Market Research. The growing sense of environmental awareness among global citizens and a commitment to waste reduction/recycling will be the primary motivators for this market's growth. The ever-increasing adoption of reusing and recycling textiles and fibers as an effective method to build sustainability in the textile industry will boost the market growth. Textile recycling will help reduce energy consumption since recycled clothes need not be re-dyed or sourced. The emerging field of biochemical fiber recycling and automated systems for sorting the collected fabric will be a market booster. The low cost of the recycled products will be a market promoter. This market's critical challenges are the complexity involved in sorting the collected garments and high processing costs.
Textile recycling is when the used clothing, fiber, yarn, or fabric are gathered and either reused or reprocessed into useful products. When reprocessed using the mechanical or chemical method, the molecules' polymeric structure in the textile is broken down into smaller pieces. This shredded fabric is used to make industrial cleaning cloths, insulation material for automotive, bags, fashionable garments, and mattress stuffing. Woolen clothes are used to make yarn or fabric while cotton is used in paper manufacture, automotive, and mining industries. Fiber made from recycled plastics is used to make sportswear. Textile recycling greatly helps reduce landfill.
The report “Global Textile Recycling Market Report By Product Type (Cotton Recycling, Wool Recycling, Polyester & Polyester Fiber Recycling, Nylon & Nylon Fiber Recycling And Other), By Textile Waste (Pre-Consumer Textile, Post-Consumer Textile), By Distribution Channel (Online Channel, Retail & Departmental Store), By End-Users (Apparel, Industrial, Home Furnishings, Non-Woven And Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" initially provides the market overview, executive summary followed by detailed revenue analysis bifurcated by segments and regions. The study researches the historical trends of the industry along with understanding all the geo-economic conditions related to the textile recycling market, thus making the foundation of the report strong and reliable.
On the basis of Product Type the market is segmented into Cotton Recycling, Wool Recycling, Polyester & Polyester Fiber Recycling, Nylon & Nylon Fiber Recycling, Other. By Textile Waste the textile recycling market is categorised as Pre-consumer Textile, Post-consumer Textile. By Distribution Channel the textile recycling market is categorised as Online Channel, Retail & Departmental Store. Based on End-Users the textile recycling market is segmented as Apparel, Industrial, Home Furnishings, Non-woven, Other. Regionally, the report is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In this section of the report the data related to all the segments are analysed as per regions.
The Report Segments Global Textile Recycling Market -
By Product Type
By Textile Waste
- Cotton Recycling
- Wool Recycling
- Polyester & Polyester Fiber Recycling
- Nylon & Nylon Fiber Recycling
By Distribution Channel
- Pre-consumer Textile
- Post-consumer Textile
- Online Channel
- Retail & Departmental Store
- Home Furnishings
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Anandi Enterprises, American Textile Recycling Service, Boer Group Recycling Solutions, I:Collect GmbH, Infinited Fiber Company, Patagonia, Prokotex, Retex Textiles, Unifi, Inc.
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