Product Code: CMI6253
The Recycled Textile Market size is expected to reach US$ 8.32 billion by 2030, from US$ 5.61 billion in 2023, growing at a CAGR of 5.8% during the forecast period.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 5.61 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
5.80% |
2030 Value Projection: |
US$ 8.32 Bn |
Figure 1. Global Recycled Textile Market Share (%), by Region, 2023
The textile industry has been undergoing a significant transformation in recent years, with an increasing focus on sustainability and environmental responsibility. One of the key developments in this regard is the growing popularity of recycled textiles. Recycled textiles are created by repurposing used garments and fabrics, thereby reducing waste and minimizing the need for new raw materials.
There are several ways in which recycled textiles can be created. One common method is mechanical recycling, which involves shredding and re-spinning fibers from used clothing and fabrics to create new yarns. Another method is chemical recycling, which involves breaking down the fibers of used textiles into their chemical components and then using those components to create new fibers.
Market Dynamics:
The recycled textile market growth is propelled by several factors. Firstly, there is a growing demand for sustainable and eco-friendly products among environmentally-conscious consumers. As awareness about the harmful effects of fast fashion and textile waste increases, consumers are actively seeking out recycled textile options. Furthermore, government initiatives and regulations promoting sustainability are driving the adoption of recycled textiles. Many countries have implemented regulations and policies that incentivize or mandate the use of recycled materials in various industries including textiles. On the other hand, the recycled textile market also faces certain challenges. One of the major restraints is the limited availability of raw materials for recycling. As the demand for recycled textiles grows, ensuring a steady supply of used garments and fabrics becomes crucial.
However, this challenge presents an opportunity for market players to invest in the recycling infrastructure and develop innovative solutions for sourcing and processing raw materials. Additionally, the growing popularity of online platforms for buying and selling second-hand clothing is expected to boost the availability of materials for recycling.
Key Features of the Study:
- This report provides in-depth analysis of the global recycled textile market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global recycled textile market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Unifi, Martex Fiber, Renewcell, Lone Star Textiles, Retex Textiles, Leigh Fibers, Prokotex, Santanderina Group, and Kirklees Wools
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global recycled textile market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global recycled textile market
Recycled Textile Market Detailed Segmentation:
- By Material Type
- Polyester
- Cotton
- Nylon
- Wool
- Viscose Rayon
- Others
- By Textile Waste Source
- Post-consumer
- Pre-consumer/Post-industrial
- Production Overruns
- Pullouts
- Export Seconds
- Others
- By End-use Industry
- Apparel
- Home Furnishings
- Automotive
- Industrial
- Others
- By Recycling Method
- Mechanical
- Chemical
- Thermal
- Others
- By Distribution Channel
- Online
- Retail Stores
- Specialty Stores
- Department Stores
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Key Players
- Unifi
- Martex Fiber
- Renewcell
- Lone Star Textiles
- Retex Textiles
- Leigh Fibers
- Prokotex
- Santanderina Group
- Kirklees Wools
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Recycled Textile Market, By Material Type
- Recycled Textile Market, By Textile Waste Source
- Recycled Textile Market, By End-use Industry
- Recycled Textile Market, By Recycling Method
- Recycled Textile Market, By Distribution Channel
- Recycled Textile Market, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Growing environmental concerns
- High costs and complex processes
- New product development
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Recycled Textile Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Recycled Textile Market, By Material Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Polyester
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Cotton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Nylon
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Wool
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Viscose Rayon
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
6. Recycled Textile Market, By Textile Waste Source, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Textile Waste Source
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Pre-consumer/Post-industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Pre-consumer/Post-industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Pullouts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Export Seconds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
7. Recycled Textile Market, By End-use Industry, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Apparel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Home Furnishings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
8. Recycled Textile Market, By Recycling Method, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Mechanical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Chemical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Thermal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
9. Recycled Textile Market, By Distribution Channel, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Online
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Retail Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Retail Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Department Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
10. Recycled Textile Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Region ,2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2023 - 2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Textile Waste Source, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Recycling Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Textile Waste Source, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Recycling Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- Germany
- U.K
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Textile Waste Source, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Recycling Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Textile Waste Source, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Recycling Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Textile Waste Source, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Recycling Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
11. Competitive Landscape
- Unifi
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Martex Fiber
- Renewcell
- Lone Star Textiles
- Retex Textiles
- Leigh Fibers
- Prokotex
- Santanderina Group
- Kirklees Wools
- Analyst Views
12. Section
- Research Methodology
- About us