DUBLIN--(BUSINESS WIRE)--The "Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global textile recycling market reached a value of US$ 5.02 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 5.86 Billion by 2027, exhibiting a CAGR of 2.6% during 2022-2027.
Companies Mentioned
- Anandi Enterprises
- American Textile Recycling Service
- Boer Group Recycling Solutions
- I:Collect GmbH
- Infinited Fiber Company
- Patagonia
- Prokotex
- Pure Waste Textiles
- Retex Textiles
- Unifi, Inc.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Textile recycling refers to the method of reprocessing and reusing old clothing, scarps, and fibrous waste materials. Generally, these materials are recovered from discarded clothes, carpets, furniture, tires, footwear, and other non-durable goods, such as towels and sheets. Textile recycling offers several environmental and economic benefits, such as reducing land and water pollution, minimizing dependence on virgin fibers, curbing usage of chemical dyes, and optimum consumption of energy and water. In recent times, it has emerged 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, such as retail, automotive, mining, building, construction, etc.
The increasing demand for recycled textile is primarily driven by the rising environmental concerns towards the detrimental impact of waste incineration, heavy industrial discharges from textile mills, and depletion of raw materials, such as silk, wool, etc. Furthermore, the growing production of synthetic and polyester fabrics have led to the high emission levels of greenhouse gases, thereby fueling the need for recycled fabrics on a global level. Apart from this, the growing public awareness towards the importance of recycling old clothes coupled with the increasing number of collection bins for cloth sorting, have further propelled the market growth.
Additionally, various recycling companies are launching informative initiatives regarding textile recycling along with introducing door-to-door pickup programs for old garments. Furthermore, these companies are also adopting innovative strategies for picking up post-consumer clothing materials by installing attractive cloth bins in public places such as parking spaces, parks, shopping malls, walkways, and other high visibility locations. In addition to this, several technological upgradations supported by the rising penetration of automation in the recycled textile industry have also catalyzed the market growth.
Key Questions Answered in this Report
1. What is the impact of COVID-19 on the global textile recycling market?
2. What will be the global textile recycling market outlook during the forecast period (2022-2027)?
3. What was the global textile recycling market size in 2021?
4. What are the major global textile recycling market drivers?
5. What are the major global textile recycling market trends?
6. What is the global textile recycling market breakup by product type?
7. What is the global textile recycling market breakup by textile waste?
8. What is the global textile recycling market breakup by distribution channel?
9. What is the global textile recycling market breakup by end use?
10. What are the major regional markets in the global textile recycling industry?
11. Who are the leading global textile recycling industry players?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Textile Recycling Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
7 Market Breakup by Textile Waste
8 Market Breakup by Distribution Channel
9 Market Breakup by End Use
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/g7m8bc
