Textile recycling market

Textile Recycling Size, Share, Growth Analysis, By Material (Cotton, Polyester & Polyester Fiber), By Source (Apparel Waste, Home Furnishing Waste), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25M2045 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 91 | Figures: 71

Textile recycling market News

  • In June 2020, Indorama Ventures Public Company Limited acquired the PET recycling facility owned by AG Resinas Ltda. The acquisition included a complete ownership stake in the company, which specializes in transforming PET into PET flakes and pellets in Juiz de Fora, Brazil, through one of its subsidiary companies.
  • In June 2022, the Brazilian Association of Cleaning and Waste Companies (ABRELPE) played a significant role in achieving a solid waste recycling rate of approximately 4%. This accomplishment led to the establishment of June 5 as National Recycling Day, aimed at enhancing public consciousness regarding waste collection, segregation, recycling, and repurposing.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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 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: 'Worn Again Technologies ', 'Lenzing Group ', 'Birla Cellulose ', 'Boer Group Recycling Solutions ', 'Infinited Fiber Company ', 'Procotex Corporation ', 'Pure Waste Textiles ', 'Retex Textiles Inc. ', 'Patagonia (via Worn Wear Program) ', 'Waste Management Inc. ', 'The Woolmark Company ', 'Renewcell ', 'Textile Recycling International ', 'Refibra by Lenzing ', 'Recover Textile Systems ', 'Soex Group ', 'Evrnu ', 'Circular Systems SPC ', 'Ambercycle'

Growing awareness of environmental issues, such as the depletion of natural resources, pollution, and waste generation, has increased the demand for sustainable practices. Textile recycling helps reduce the environmental impact of the fashion industry by diverting textiles from landfills and conserving resources.

Rising Environmental Concern about Textile Waste Production: The textile recycling market is expected to experience significant growth due to the rising social awareness of textile waste and increasing environmental concerns associated with textile manufacturing. According to the Environmental Protection Agency (EPA), textile waste currently occupies around 5% of landfill space. In the United States alone, approximately 25 billion pounds of textiles are produced annually, averaging 82 pounds per person. This escalating concern for textile waste is projected to drive the demand for textile recycling over the foreseeable future. One of the key recycling strategies gaining traction is "upcycling," which focuses on maximizing the efficient use of energy, raw materials, and water, while minimizing adverse environmental impacts. By promoting recycling and upcycling of textiles, the industry can significantly contribute to environmental sustainability. Compared to landfill disposal and textile incineration, recycling textiles has a substantially lower environmental impact. The process of resource recovery from textile waste can lead to noteworthy environmental benefits, as it reduces the reliance on primary resources and the associated ecological consequences.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Textile recycling market

Report ID: SQMIG25M2045

$5,300
BUY NOW GET FREE SAMPLE