The global demand for Textile Recycling Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026.
Textile recycling is a process of reprocessing and re-utilizing old cloths, scraps and waste fibre materials. Usually, these materials are recovered from discarded clothes, carpets, furniture, tires, footwear, and other non-durable goods. Textile recycling provide some economic and environmental benefits such as water pollution, minimizing dependence on virgin fibers and optimum consumption of energy and water. Recently, it has arisen as an effective method for sustainability development in the apparel industry. Owing to these benefits, recycled textiles find wide applications across several end-use industries, including apparel, home furnishings, and other industrial sectors.
The global textile recycling market is witnessing strong growth. The market is primarily driven by growing environmental concern and depletion of raw materials. Besides this, accelerating production of synthetic and polyester fabrics have directed to the high emission level of greenhouse gases, which is, in turn, fueling the demand on a global scale. In addition to this, the growing awareness among people towards the importance of recycling old clothes coupled with the increasing number of collection bins for cloth sorting, have further propelled the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of textile recycling.
The entire textile recycling market has been sub-categorized into product type, textile waste, distribution channel and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
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
This section covers regional segmentation which accentuates on current and future demand for textile recycling market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Textile Recycling Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the textile recycling market include Anandi Enterprises, American Textile Recycling Service, Boer Group Recycling Solutions, I:Collect GmbH, Infinited Fiber Company, Patagonia, Prokotex, Retex Textiles, Unifi, Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.