Clothing Recycling Market is Predicted to hit US$ 18265.4 Million, rising at CAGR of 10.9% from forecast period 2023 to 2033 | Future Market Insights, Inc.

NEWARK, DE / ACCESSWIRE / June 29, 2023 / The clothing recycling market is forecast to expand at 10.9% CAGR over the estimated time period, as per FMI's analysis. The industry's size is predicted to reach a market value of US$ 6,491.0 million in 2023.

The clothing recycling industry is projected to observe a seismic shift in the upcoming years. The rising quotient of the eco-conscious and discernible population is uplifting the market trajectory. To promote sustainability, clothing recycling manufacturers aim to resolve the issue of depleting raw materials like wool, silk, etc., substantial industrial discharge from textile mills, and waste incineration.

High production of polyester and synthetic fabrics for fast fashion yields extreme levels of GHG emissions. Consequently, creating a dire need for recycled fabrics on a global scale.

Gain valuable insights and assess growth strategies by accessing an overview of the market from industry experts. Get a sample report to explore the comprehensive analysis and make informed decisions. Click here to access the sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15448

Many recycling firms are introducing informative campaigns about textile recycling, coupled with door-to-door pickup programs to collect old and worn-out garments. Thus, promoting awareness about clothing recycling. In addition, these firms are further embracing distinctive strategies to pick up post-consumer clothing garments by installing cloth bins in public spaces like parks, walkways, shopping malls, and other commonly frequented areas.

Advancing technology and equipping processing units with newly upgraded automation processes are expected to further stimulate market growth. The European Commission-led eco-innovation initiative called Textile for Textile (T4T) is a good case in point. This initiative has introduced near-infrared (NIR)-spectroscopy technology to execute automated sorting applications in the recycled textile sector.

The advent of eco-clothes that are composed of recycled fabrics, plastics, and other raw materials is also catering to the market growth of clothing recycling. Companies are making decisive and concerted efforts in the direction of sustainability to make circularity a new standard in the fashion and apparel industry.

Garments' new future involves using recycled materials that can be recycled more than once.

Top Highlights from the FMI's Analysis:

• Demand for clothing recycling in Europe is overriding that of other regions. The region acquired a 25.7% market share in 2022.
• North America is following in the tracks of Europe, following behind with almost 2%. In 2022, North America captured 23.9% share of the overall market.
• The United States acquired 19.4% of the overall market share in the historical period.
• The German market gained 6.5% of the global market in 2022.
• The Japanese market acquired 4.3% of the global market in 2022.
• India is projected to observe explosive growth in the forecast period, expanding at a CAGR of 14.6%.
• China is expected to register a CAGR of 12.4% in the forecast period.
• The United Kingdom is estimated to pace at a CAGR of 9.4% over the estimated time period.
• By clothing type, the polyester segment is projected to gain more than 35.4% value share over the forecast period.
• In 2022, the apparel segment gained a 29.5% market share.

Engage in a conversation with our research expert to delve deeper into the subject and gain valuable insights for your specific needs: @
https://www.futuremarketinsights.com/ask-question/rep-gb-15448

Key Players in this Market:

Worn Again Technologies, Evrnu SPC, Carbios, I:Collect GmbH, Renewcell, Fabscrap, Infinited Fiber Company, PurFi Global LLC, MUD Jeans International B.V., CuRe Technology, Birla Cellulose

Keeping up with the New Innovations in the Industry:

• In March 2023, Re/DRESS, an entirely recycled/ upcycled textile fashion brand, was introduced in Dhaka. Thought innovation and development of fashion products by Re/DRESS happen in Bangladesh. The brand offers a unisex collection made of breathable, soft knit, and woven textiles made of almost 100% recycled plastic bottles and cotton waste. As a social enterprise, it promotes responsible fashion.
• In May 2022, Shein, a global e-retailer of fashion, lifestyle, and beauty products, unveiled evoluSHEIN, which is a recycled clothing line. Underpinned by responsibly-sourced materials and inclusive sizing, the latest line is proving itself as an affordable option for customers practicing deliberate and eco-conscious shopping. The debut of evoluSHEIN observed recycled polyester, made of plastic waste, as a key feature. Customers further support Vital Voices, a leading NGO that financially supports women leaders, by shopping for evoluSHEIN clothing.
• In April 2023, Zara, a Spanish retail clothing chain, partnered with Circ, which is a fashion technology firm that upcycles textile waste. The aim of this partnership, as revealed by these firms, is to offer a recycled textile women's capsule collection. The recycled textile is sourced from polycotton textile waste. The collection is presently distributed in 11 markets.
• In January 2022, Rent the Runway introduced a project to reprocess fast fashion garments. The program is part of their anti-fast fashion campaign popularized as ‘Fast Fashion Free'. For this initiative, the company aimed its resources to gather ‘unwearable' and cast-off fast fashion products and recycle them in January. The recycled clothing is expected to be transformed into an insulation material for new buildings and houses.

Key Segmentation:

By Type:

• Cotton Recycling
• Nylon Recycling
• Wool Recycling
• Polyester Recycling
• Other Fiber Recycling

By End-use:

• Apparel
• Industrial
• Home Furnishings
• Non-woven
• Other

By Waste Type:

• Pre-consumer
• Post-consumer

By Recycling Type:

• Mechanical Recycling
• Chemical Recycling

By Distribution Channel:

• Online Channel
• Retail & Departmental Store

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

Grow your profit margins - buy this report at a discounted price now @ https://www.futuremarketinsights.com/checkout/15448

Table of Content (ToC):

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter's Analysis

3.6. Regulatory Landscape

3.6.1. By Key Regions

3.6.2. By Key Countries

3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

View Complete ToC here: https://www.futuremarketinsights.com/toc/rep-gb-15448

Explore FMI's Extensive Ongoing Coverage on the Consumer Product domain:

Plus Size Clothing Market Size: The plus size clothing market is anticipated to register a CAGR of 5.7% during the forecast period. The plus-size clothing market is valued at US$ 288 billion in 2023 and is projected to reach US$ 501.35 billion by 2033.

Triathlon Clothing Market Sales: According to the recent report by Future Market Insights (FMI), the triathlon clothing market is estimated to stand at US$ 4,928.61 million by 2033.

Vegan Clothing Market Values: Newly-released Vegan Clothing Market analysis report by Future Market Insights reveals that global sales of Vegan Clothing in 2022 were held at US$ 628.7 Million.

Sports Inspired Clothing Market: Sportswear as fashion clothing has been highly integrated into cultures across the globe. Sports-inspired clothing or athletic-inspired clothing is trending in the industry as the adoption of a healthy lifestyle is gaining momentum.

Alternative Accommodation Market Share: The alternative accommodation market is anticipated to flourish at a steady CAGR of 14.7% between 2023 and 2033.

Pet Treats and Chews Market Trends: The pet treats and chews market is estimated to be valued at US$ 9 billion in 2023 and is expected to reach US$ 15 billion by 2033.

Pet Furniture Market Forecast: The pet furniture market is estimated to be valued at US$ 2 billion in 2023 and is expected to reach a valuation of US$ 3.7 billion by 2033

Men's Pre-Shave Market Outlook: The men's pre-shave market is estimated to be valued at US$ 9.8 billion in 2023 and is expected to reach US$ 19 billion by 2033.

Nutricosmetics Market Growth: The global nutricosmetics market is estimated to be valued at US$ 7 billion in 2023 and is expected to reach US$ 15 billion by 2033

Europe Safety Eyewear Market: According to Future Market Insights (FMI), during the projected period, the Europe safety eyewear market is expected to surge at a CAGR of 4.5% through the forecast period 2023 to 2033.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

SOURCE: Future Market Insights, Inc.

ACCESSWIRE

News network reaching more than 1,500 media outlets in 98 countries. The newest, fastest-growing and most disruptive newswire available today.