USD 6.1 billion
Report ID:
SQMIG25M2045 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
91
|Figures:
71
Textile recycling market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 6.4% during the forecast period (2025-2032).
The textile recycling market is expected to witness significant growth due to rising environmental concerns about textile waste production and increasing social awareness about textile recycling. According to the Environmental Protection Agency (EPA), textile waste occupies 5% of landfill space in the U.S., with the country producing around 25 billion pounds of textiles annually. These factors are driving the demand for textile recycling as it offers environmental sustainability and minimizes the environmental impact compared to incineration and landfill disposal. Upcycling, a recycling approach that conserves resources and reduces environmental impact, further boosts the market growth.
The textile industry in the U.S. is one of the largest producers of textile-related products globally, leading to substantial waste generation. Citizens discard approximately 70 pounds of textiles annually, creating a need for effective waste management solutions. Textile recycling is gaining traction as a solution to address textile waste management and promote a circular economy. The increasing population and consumer spending capacity contribute to the growing textile waste concerns, prompting government authorities and private firms to adopt textile recycling practices. According to the U.S. Environmental Protection Agency Report 2022, the recycling rate of all textiles in the country was 14.7% in 2018. The push for improved recycling rates is expected to drive further growth in the textile recycling market.
US Textile Recycling Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.1 billion
Largest Segment
Cotton
Fastest Growth
Cotton
Growth Rate
6.4% CAGR
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Global Textile Recycling Market is segmented by material, source, textile waste, distribution channel, process, end-use industry and region. Based on material, the market is segmented into cotton, polyester & polyester fiber, wool, nylon & nylon fiber and others. Based on source, the market is segmented into apparel waste, home furnishing waste and automotive waste. Based on textile waste, the market is segmented into pre-consumer and post-consumer. Based on distribution channel, the market is segmented into online and retail & departmental stores. Based on process, the market is segmented into mechanical and chemical. Based on end-use industry, the market is segmented into apparel, home furnishings and industrial & institutional. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Textile Recycling Market Analysis By Material
As of 2022, the cotton material segment dominated the textile recycling market. Recycled cotton offers a sustainable solution by reducing textile waste and consuming fewer resources compared to conventional or organic cotton. Cotton's significant demand and usage in clothing and textiles contribute to its substantial presence in textile waste. In contrast, wool apparel is known for its inherent durability and longer shelf life, making it a valuable material in the textile sector.
Tyton BioSciences has developed an innovative water-based hydrothermal solution for recycling garments made of cotton, polyester, and polycotton blends. Their low-impact method efficiently separates cotton from polyester by disassembling it into its monomer components. This process allows the polyester to be reassembled into new polyester while preserving the cellulose integrity for use in Man Made Cellulosic Fibres (MMCFs) as an alternative to new tree pulp. The company's recent funding of USD 8 million in 2022, led by Tin Shed Ventures, the investment arm of Patagonia, is expected to accelerate their path to commercialization. In the textile recycling market, the polyester recycling segment is projected to experience the fastest growing rate during the forecast period. The increasing demand for recycled polyester is driven by commitments from apparel companies to incorporate more sustainable materials in their products. Recycled polyester offers a smaller carbon impact compared to virgin polyester, making it a preferred choice in the industry. Each kilogram of mechanically recycled polyester reduces greenhouse gas emissions by approximately 70%, according to the Sustainable Apparel Coalition's Higg Material Sustainability Index. This favorable environmental profile is driving the adoption of recycled polyester as an eco-friendly alternative to conventional polyester.
Textile Recycling Market Analysis By Source
In 2022, the apparel waste segment held a significant share in the global textile recycling revenue. This segment comprises waste from leftover fabric during manufacturing, rejected or damaged garments, and post-consumer discarded clothes and shoes, among others. The decreasing average lifespan of new garments over the past two decades has contributed to the increase in apparel waste generated by the industry, driving the demand for textile recycling in this segment.
The home furnishing waste segment includes textile waste generated from items like pillows, carpets, rugs, bedsheets, curtains, and sofas. The rise in disposable income worldwide has led to increased spending and frequent purchasing of home furnishing products, resulting in a larger volume of waste. Factors such as population growth, a wide range of home furnishing options, and improved living standards have contributed to the higher consumption of home furnishings, leading to substantial post-industrial and post-consumer waste generation. These factors are driving the demand for recycling in the home furnishing waste segment.
The automotive waste segment is projected to grow at a CAGR of 3.3% over the forecast period. Textiles used in automobiles include carpets, seat covers, cushions, roof liners, door liners, tires, filters, and airbags. The increasing vehicle ownership in developing nations has led to a rise in automotive waste. Consequently, there is an increasing focus on automotive textile waste management initiatives, which is expected to drive positive market growth in this segment.
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As of 2022, Europe emerged as the leading region in the textile recycling industry. The European market is expected to experience substantial growth in the coming years, supported by government initiatives and increasing focus on recycling efforts. The Waste and Resources Action Program (WRAP), operational across Europe with the UK's registration and collaboration with local governments and private firms, plays a crucial role in promoting textile waste recycling in the region.
In Europe, countries like Germany, Italy, France, Belgium, the Czech Republic, and Poland are major players in the recycled apparel market. Italy, in particular, stands out as a prominent hub for textile recycling, with Prato being recognized as the capital of textile recycling. The Italian Textile and Recycling Association in Prato has brought together over a hundred companies involved in collecting old rugs and clothes from around the world and converting them into yarn.
The Asia Pacific region is projected to register a Compound Annual Growth Rate (CAGR) over the forecast period. The growing concerns about the environmental impact of textile waste, coupled with government initiatives for textile waste management and the development of innovative recycling technologies, are expected to drive the demand for textile recycling activities in this region.
Central & South America is also witnessing an increase in textile consumption and waste generation due to a surge in consumer spending on goods and services. This has led to a rising demand for sustainable textile waste management solutions and a greater requirement for textile recycling activities in the region.
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Textile Recycling Market Drivers
Environmental Concerns
Textile Recycling Market Restraints
Lack of Infrastructure
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The textile recycling market had a vibrant and ever-changing competitive landscape, with numerous companies and organizations actively involved in this sector, providing diverse solutions and services. These entities were dedicated to textile recycling and played a crucial role in offering innovative approaches to tackle the challenges of textile waste. Here are some key players and entities that were prominent in the textile recycling market:
Textile Recycling Market Top Player’s Company Profile
Textile Recycling Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our textile recycling market analysis, the increasing environmental concerns and a growing awareness of sustainable practices are the key growth drivers. The market is segmented into mechanical, chemical, and mixed recycling methods. Regions such as North America, Europe, and Asia-Pacific are driving market expansion due to stringent regulations and consumer demand for eco-friendly products. The rising textile waste generated by the fashion industry and the need to reduce landfill waste are major drivers. The mechanical recycling segment dominates, driven by its cost-effectiveness. Chemical recycling is gaining traction due to advancements in technology. The market's trajectory is likely to continue upward as industries seek greener alternatives and circular economy practices.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 0 Billion |
Market size value in 2032 | USD 0 Billion |
Growth Rate | 6.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Textile recycling market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Textile recycling market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Textile recycling market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Textile recycling market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Report ID: SQMIG25M2045
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