Global Textile Recycling Market Report By Material (Cotton, Polyester, Wool, Polyamide, Other), By Source Apparel Waste (Home Furnishing Waste, Automotive Waste, Other), By Process (Mechanical, Chemical) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Textile Recycling Market is presumed to reach the market size of nearly USD 8.45 Million by 2032 from USD 5.8 Million in 2023 with a CAGR of 4.2% under the study period 2024 - 2032.
 
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.
 
Market Dynamics
 
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.
 
Market Segmentation
 
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 Material

• Cotton
• Polyester
• Wool
• Polyamide
• Other

 
By Source

• Apparel Waste
• Home Furnishing Waste
• Automotive Waste
• Other

 
By Process

• Mechanical
• Chemical

Regional Analysis
 
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.
 
Global Textile Recycling Market Share by Region (Representative Graph)
 

 
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 Worn again technologies, Lenzing Group, Birla Cellulose, BLS Ecotech, The Woolmark Company , iinouiio Ltd, Ecotex Group , The Boer Group, Unifi Inc., Textile Recycling International, Hyosung Group, Martex Fiber, RenewCell,  Pistoni S.r.l., RE TEXTIL Deutschland GmbH. 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.