Global Textile Recycling Market, Trends & Growth Opportunity, By Source (Apparels, Furnishings, Others), By Material (Cotton, Wool, Nylon, Polyester, Others), By End Use (Furnishings, Apparel, Industries, Others), By Region and Forecast till 2030.
Report ID : IR1002265 | Industries : Chemicals & Materials | Published On :May 2024 | Page Count : 235
Global Textile Recycling Market, Trends & Growth Opportunity, By Source (Apparels, Furnishings, Others), By Material (Cotton, Wool, Nylon, Polyester, Others), By End Use (Furnishings, Apparel, Industries, Others), By Region and Forecast till 2030.
Global Textile Recycling Market
The Global Textile Recycling Market was valued at USD 6.36 Bn in 2022 and is expected to expand to USD 10.03 Bn by 2030 at a CAGR of 4.21% during the forecast period of 2023-2030.
Textile recycling involves the collection of waste textiles through various channels. Once collected, fabrics of similar colors and materials are sorted and arranged batch-wise after removing non-textile materials such as buttons and zippers. The fabrics are also cut in homogeneous sizes. The waste is mixed with oils to ensure that the machinery runs smoothly. Depending on the material type, it is further broken down using either physical or chemical methods. The fibers are then spun into yarns, which are then converted into other value-added products.
Market Drivers
The global market for textile recycling is driven by the increasing textile waste and growing environmental concerns in recent times. Clothing and textile wastes are steadily increasing as the average life of a garment has dropped in recent times. This has a significant environmental impact due to landfill disposal and the incineration process, which produces greenhouse gas emissions.
The increasing awareness about the need to curb the production of greenhouse gasses and preserve the environment is a major driver of the market. Moreover, research and advancements in the field of recycling have opened opportunities to efficiently address the concern of rising textile waste, thus leading to growth in the market.
Market Restraints
The global textile recycling market is hindered by the pre-recycling processes which are time-consuming and slow down the recycling process. This is resulting in the pile-up of waste garments in warehouses, leading to clutter. Moreover, the recycling process of garments involves the use of heavy chemicals, regardless of the garment material, to transform the waste into a desirable form. The use of such heavy chemicals can create hazardous work conditions and may even lead to polluting the environment, making the whole process counterproductive.
Market Segmentation
The global textile recycling market is segmented by its sources, such as apparel, furnishings, and others. Based on the material, the market is segmented into cotton, wool, nylon, polyester, and others. Further, the market is segmented by its end use, such as furnishings, apparel, industries, and others.
Regional Analysis
Europe has been a leader in the market share for textile recycling. The trend is expected to continue during the forecast period as well. Countries such as Germany, France, Italy, and Belgium have been making several efforts to streamline textile recycling. The efforts of these countries will support the Europe region’s dominance in the market share.
Asia Pacific is expected to register significant growth during the forecast period. This is due to the rising consumer awareness of recycling as well as the emergence of several startups that aim to reuse textiles.
Key Players
Hyosung Group, Birla Cellulose, Textile Recycling International, Patagonia, Boer Group Recycling Solutions, Lenzing Group, Renewcell, Worn again technologies, The Woolmark Company, Retex Textiles, Anandi Enterprises, Prokotex, Retextil Deutschland GmbH, BLS Ecotech, Pure Waste Textiles.
Market Taxonomy
By Source
• Apparels
• Furnishings
• Others
By Material
• Cotton
• Wool
• Nylon
• Polyester
• Others
By End Use
• Furnishings
• Apparel
• Industries
• Others
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Textile Recycling Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Textile Recycling Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Textile Recycling Market, By Source
5.1 Y-o-Y Growth Comparison, By Source
5.2 Global Textile Recycling Market Share Analysis, By Source
5.3 Global Textile Recycling Market Size and Forecast, By Source
5.3.1 Apparels
5.3.2 Furnishings
5.3.3 Others
6 Global Textile Recycling Market, By Material
6.1 Y-o-Y Growth Comparison, By Material
6.2 Global Textile Recycling Market Share Analysis, By Material
6.3 Global Textile Recycling Market Size and Forecast, By Material
6.3.1 Cotton
6.3.2 Wool
6.3.3 Nylon
6.3.4 Polyester
6.3.5 Others
7 Global Textile Recycling Market, By End Use
7.1 Y-o-Y Growth Comparison, By End Use
7.2 Global Textile Recycling Market Share Analysis, By End Use
7.3 Global Textile Recycling Market Size and Forecast, By End Use
7.3.1 Furnishings
7.3.2 Apparel
7.3.3 Industries
7.3.4 Others
8 Global Textile Recycling Market, By Region
8.1 Global Textile Recycling Market Share Analysis, By Region
8.2 Global Textile Recycling Market Size and Forecast, By Region
9 North America Textile Recycling Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Textile Recycling Market Share Analysis, By Source
9.3 North America Textile Recycling Market Size and Forecast, By Material
9.4 North America Textile Recycling Market Size and Forecast, By End Use
9.5 North America Textile Recycling Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Textile Recycling Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Textile Recycling Market Share Analysis, By Source
10.3 Europe Textile Recycling Market Size and Forecast, By Material
10.4 Europe Textile Recycling Market Size and Forecast, By End Use
10.5 Europe Textile Recycling Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Textile Recycling Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Textile Recycling Market Share Analysis, By Source
11.3 Asia Pacific Textile Recycling Market Size and Forecast, By Material
11.4 Asia Pacific Textile Recycling Market Size and Forecast, By End Use
11.5 Asia Pacific Textile Recycling Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Textile Recycling Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Textile Recycling Market Share Analysis, By Source
12.3 Latin America Textile Recycling Market Size and Forecast, By Material
12.4 Latin America Textile Recycling Market Size and Forecast, By End Use
12.5 Latin America Textile Recycling Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Textile Recycling Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Textile Recycling Market Share Analysis, By Source
13.3 Middle East Textile Recycling Market Size and Forecast, By Material
13.4 Middle East Textile Recycling Market Size and Forecast, By End Use
13.5 Middle East Textile Recycling Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Hyosung Group
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Birla Cellulose
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Textile Recycling International
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Patagonia
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Boer Group Recycling Solutions
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Lenzing Group
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Renewcell
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Worn again Technologies
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 The Woolmark Company
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Retex Textiles
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Anandi Enterprises
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Prokotex
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Retextil Deutschland GmbH
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 BLS Ecotech
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.15 Pure Waste Textiles
15.15.1 Overview
15.15.2 Offerings
15.15.3 Key Financials
15.15.4 Business Segment & Geographic Overview
15.15.5 Key Market Developments
15.15.6 Key Strategies