Textile recycling primarily is a process that focuses on recovering fiber, yarn, or fabric and after this reprocessing the same material into new useful products. The process of recycling mainly needs splitting of textile waste into two types of waste, pre-consumer and post-consumer waste. Post this splitting, the waste is sorted into five different type of categories that have been derived from a pyramid shaped model. After completion of the process of recycling, textiles can be brought in use again or recycled with the help of mechanical or chemical method. It has been observed that in last few decades, the world is more inclined towards recycling of textiles courtesy of the stringent regulations introduced by various countries in wake of changing environmental conditions across the globe. As a consequence of this, the companies are introducing newer products manufactured from both the types of waste, post-consumer waste and recycled materials and plastic happens to be the biggest example of this. Numerous research-based studies have concluded that, the reuse and recycling of textile brings along lot more benefits to this planet. The global textile recycling market is seeing massive growth owing to numerous driving factors.
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The global textile recycling market was severely affected due to the coronavirus pandemic. The amount of revenue generated by this market fell due to trade and travel restrictions imposed to stop the spread of the highly infectious virus. One of the biggest factors that has been driving the growth of the global textile recycling market is rising demand for on-demand cloth recycling. Along with this, the rising amount of textile waste among nations that are already developed.
Meanwhile, constant changes in the fashion preferences of the consumers will play the huge restraining factor in the growth of the global textile recycling market. On the other hand, the growing investments across the globe in the global textile recycling market will help it earn more money over the period of forecast.
In terms of revenue, the global textile recycling market was valued at US$ 5.8 Bn in 2021, projected to grow at an estimated CAGR of 3.8% over the forecast period (2022 – 2030).
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By Material Type, Polymer/ Polyester will Witness Fastest Growth for the Global Textile Recycling Market in 2022
Recycling and reusing clothes that are made up of polymer/ polyester is extremely cost efficient and time convenient. This is why more and more clothes makers will turn towards recycling the clothes made of this material in near future.
Asia Pacific Region to Witness Fastest Growth for this Market Over the Forecast Period (2022 – 2030) in the Global Textile Recycling Market
India is undoubtedly the biggest market place on this planet today and more and more multinational companies are making entry in an attempt to capitalize on the opportunity. The global textile recycling market is reaped benefits of this situation in coming years.
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Some of the major players operating in the global textile recycling market are listed below:
- Birla Cellulose
- BlockTexx Pty Ltd
- CARBIOS
- CuRe Technology
- Infinited Fiber Company
- LENZING AG
- Manrags.com.au
- MUD Jeans
- Natural Fiber Welding, Inc
- PURE WASTE TEXTILES LTD
- PurFi Global LLC
- Renewcell AB
- Retriever LLC
- Shreeji Cotfab LTD
- Sustainable Composites LLC
- Tyton BioSciences
- Worn Again Technologies
- Other Market Participants
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Global Textile Recycling Market Segmentation
Global textile recycling market has been segmented by type of textile waste, material type, application, end users which are further classified into respective countries:
Global Textile Recycling Market Device Type of Textile Waste Outlook (Revenue, USD Million, 2015 – 2030)
- Post-Industry Textile Wastes
- Post-Consumer Textile Wastes
Global Textile Recycling Market Target Group Material Type Outlook (Revenue, USD Million, 2015 – 2030)
- Cotton
- Polymer/ Polyester
- Nylon
- Leather
- Spandex
- Wool
- Others
Global Textile Recycling Market Application Type Outlook (Revenue, USD Million, 2015 – 2030)
- Non-Woven
- Personal Care
- Baby Wipes
- Cosmetic Wipes & Pads
- Face Masks
- Wet Wipes
- Other Personal Hygiene Products
- Industrial
- Battery Separators
- Carbon Precursors
- Filter Media
- Others
- Home Textiles
- Bed & Bath Linen
- Kitchen Linen
- Furnishing
- Personal Care
- Others
- Medical Disposables & Wound care
- Masks
- Others
- Automotive Interiors
- Car Seats
- Vehicle Carpets
- Other Interior Applications
- Others
- Apparels and Footwear
- Performance Wear
- Fashion Wear
- Protective Wear
- Fire Fighting
- Metal Splash Protection
- Military and Police
- Electric Arc Protection
- Oil & Gas Industry Protective Wear
- Others
- Others
- Packaging
- Bags
- Boxes
- Others
- Others
Global Textile Recycling Market End Users Type Outlook (Revenue, USD Million, 2015 – 2030)
- B2C
- B2B
- Textile Manufacturers
- Fashion Brands and Retailers
- Others
Global Textile Recycling Market Regional Outlook (Revenue, USD Million, 2015 – 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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