Global Textile Recycling Market is valued approximately USD 4.63 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.20% over the forecast period 2023-2030. Textile recycling refers to the process of reusing or reprocessing textile materials to create new products, rather than disposing of them as waste. It involves collecting used textiles, such as clothing, household textiles, and industrial fabrics, and transforming them into recycled fibers or other materials that can be used in various applications. The Textile Recycling Market is expanding because of factors such as rising environmental concern about textile waste production and rising government initiatives.
Rising environmental awareness regarding the generation of textile waste and rising societal awareness of textile recycling are expected to propel market expansion. The Environmental Protection Agency (EPA) estimates that 5% of landfill space is used up by textile waste. The average amount of textiles produced annually in the US is 25 billion pounds, or 82 pounds per person. The Council for Textile Recycling also estimates that the average American discards about 70 pounds of textiles per year. Thus, rising environmental concerns is driving the market growth. In addition, increasing consumer awareness regarding textile recycling and rising product innovation activities is creating lucrative growth to the market. However, contamination and quality issues and lack of awareness stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Textile Recycling Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to factors such as rising government support, increasing initiatives for recycling textiles, and more. Asia Pacific is expected to grow significantly during the forecast period, due to growing government programme for managing textile waste, growing environmental concerns about the effects of textile waste, and continued development of cutting-edge technologies for recycling textiles.
Major market player included in this report are:
- Worn again technologies
- Lenzing Group
- Birla Cellulose
- BLS Ecotech
- The Woolmark Company
- iinouiio Ltd
- Ecotex Group
- The Boer Group
- Unifi, Inc.
Recent Developments in the Market:
- In April 2023, In partnership with Circ, Zara debuted a collection of women's clothes made from recycled polyester and lyocell, which was obtained from various types of textile waste.
Global Textile Recycling Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Material, Source, Process, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Material offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
- Cotton
- Polyester
- Wool
- Polyamide
- Other
By Source:
- Apparel Waste
- Home Furnishing Waste
- Automotive Waste
- Other
By Process:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Textile Recycling Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Textile Recycling Market, by Material, 2020-2030 (USD Billion)
- 1.2.3. Textile Recycling Market, by Source, 2020-2030 (USD Billion)
- 1.2.4. Textile Recycling Market, by Process, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Textile Recycling Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Textile Recycling Market Dynamics
- 3.1. Textile Recycling Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. The rising environmental concern about textile waste production
- 3.1.1.2. Rising government initiatives
- 3.1.2. Market Challenges
- 3.1.2.1. Contamination and Quality Issues
- 3.1.2.2. Lack of Awareness
- 3.1.3. Market Opportunities
- 3.1.3.1. Increase consumer awareness regarding textile recycling.
- 3.1.3.2. Rising product innovation activities
Chapter 4. Global Textile Recycling Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Textile Recycling Market, by Material
- 5.1. Market Snapshot
- 5.2. Global Textile Recycling Market by Material, Performance - Potential Analysis
- 5.3. Global Textile Recycling Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
- 5.4. Textile Recycling Market, Sub Segment Analysis
- 5.4.1. Cotton
- 5.4.2. Polyester
- 5.4.3. Wool
- 5.4.4. Polyamide
- 5.4.5. Other
Chapter 6. Global Textile Recycling Market, by Source
- 6.1. Market Snapshot
- 6.2. Global Textile Recycling Market by Source, Performance - Potential Analysis
- 6.3. Global Textile Recycling Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
- 6.4. Textile Recycling Market, Sub Segment Analysis
- 6.4.1. Apparel Waste
- 6.4.2. Home Furnishing Waste
- 6.4.3. Automotive Waste
- 6.4.4. Other
Chapter 7. Global Textile Recycling Market, by Process
- 7.1. Market Snapshot
- 7.2. Global Textile Recycling Market by Process, Performance - Potential Analysis
- 7.3. Global Textile Recycling Market Estimates & Forecasts by Process 2020-2030 (USD Billion)
- 7.4. Textile Recycling Market, Sub Segment Analysis
- 7.4.1. Mechanical
- 7.4.2. Chemical
Chapter 8. Global Textile Recycling Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Textile Recycling Market, Regional Market Snapshot
- 8.4. North America Textile Recycling Market
- 8.4.1. U.S. Textile Recycling Market
- 8.4.1.1. Material breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Source breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Process breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Textile Recycling Market
- 8.5. Europe Textile Recycling Market Snapshot
- 8.5.1. U.K. Textile Recycling Market
- 8.5.2. Germany Textile Recycling Market
- 8.5.3. France Textile Recycling Market
- 8.5.4. Spain Textile Recycling Market
- 8.5.5. Italy Textile Recycling Market
- 8.5.6. Rest of Europe Textile Recycling Market
- 8.6. Asia-Pacific Textile Recycling Market Snapshot
- 8.6.1. China Textile Recycling Market
- 8.6.2. India Textile Recycling Market
- 8.6.3. Japan Textile Recycling Market
- 8.6.4. Australia Textile Recycling Market
- 8.6.5. South Korea Textile Recycling Market
- 8.6.6. Rest of Asia Pacific Textile Recycling Market
- 8.7. Latin America Textile Recycling Market Snapshot
- 8.7.1. Brazil Textile Recycling Market
- 8.7.2. Mexico Textile Recycling Market
- 8.8. Middle East & Africa Textile Recycling Market
- 8.8.1. Saudi Arabia Textile Recycling Market
- 8.8.2. South Africa Textile Recycling Market
- 8.8.3. Rest of Middle East & Africa Textile Recycling Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Worn again technologies
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Lenzing Group
- 9.3.3. Birla Cellulose
- 9.3.4. BLS Ecotech
- 9.3.5. The Woolmark Company
- 9.3.6. iinouiio Ltd
- 9.3.7. Ecotex Group
- 9.3.8. The Boer Group
- 9.3.9. Unifi, Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption