Global Textile Recycling Market Size 2021: Industry Share, Trends, Growth and Forecast Till 2026

The global textile recycling market reached a value of around US$ 5 Billion in 2020 and expects the market to reach a value of US$ 5.7 Billion by 2026.

According to the latest report by IMARC Group, titled “Textile Recycling Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the global textile recycling market reached a value of around US$ 5 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 5.7 Billion by 2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Report Sample: https://www.imarcgroup.com/textile-recycling-market/requestsample

Textile recycling refers to reprocessing and reusing old clothing, scarps, and fibrous waste materials. These materials are usually recovered from carpets, furniture, tires, discarded clothes, and other non-durable goods, such as towels and sheets. Textile recycling offers various economic benefits, such as minimizing reliance on virgin fibers, curbing the usage of chemical dyes, reducing water and land pollution, etc. It has emerged as an effective method for ensuring sustainable practices in the apparel industry. Textile recycling also finds extensive applications across several other end-use industries, including retail, home furnishings, automotive, building, construction, mining, etc.

The growing environmental concerns regarding the detrimental impact of waste incineration, depletion of raw materials, heavy industrial discharges from textile mills, etc., are primarily driving the textile recycling market. Moreover, the increasing production of synthetic and polyester fabrics has led to the high emission levels of greenhouse gases, thereby escalating the need for recycled fabrics and catalyzing the market growth. Besides this, the rising public awareness regarding the importance of recycling old clothes and the elevating number of collection bins for cloth sorting are augmenting the global market. Additionally, the introduction of door-to-door pickup programs for old garments by recycling companies is acting as another significant growth-inducing factor. Apart from this, the growing popularity of eco-clothes, which are made up of recycled plastics, textiles, and other organic raw materials, is anticipated to fuel the textile recycling market over the forecasted period.

Textile Recycling Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global textile recycling market has been studied in the report with the detailed profiles of the key players operating in the market.

Competitive Landscape with Key Players:

Anandi Enterprises
American Textile Recycling
Boer Group Recycling Solutions
I: Collect
Infinited Fiber Company
Patagonia
Prokotex
Pure Waste Textiles
Retex Textiles Inc.
Unifi Inc.

Key Market Segmentation:

The report has segmented the global textile recycling market on the basis of product type, textile waste, distribution channel, end use and region.

Breakup by Product Type:

Cotton Recycling
Wool Recycling
Polyester & Polyester Fibre Recycling
Nylon & Nylon Fibre Recycling
Others

Breakup by Textile Waste:

Pre-consumer Textile
Post-consumer Textile

Breakup by Distribution Channel:

Online Channel
Retail & Departmental Stores

Breakup by End Use:

Apparel
Industrial
Home Furnishings
Non-woven
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/textile-recycling-market

Key highlights of the report:            

Market Performance (2015-2020)
Market Outlook (2021-2026)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

India Footwear Market: https://www.imarcgroup.com/india-footwear-market

Saudi Arabia Perfume Market: https://www.imarcgroup.com/saudi-arabia-perfume-market

UAE Weight Loss Market: https://www.imarcgroup.com/uae-weight-loss-market

Jewellery Market: https://www.imarcgroup.com/jewellery-market

Bluetooth Speaker Market: https://www.imarcgroup.com/bluetooth-speaker-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: 6317911145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com