Market Overview:

Global Textile Recycling Market was valued at approximately USD 4737.0 Million in 2023. Over the course of the forecast period (2024–2031), the market is expected to develop at a compound annual growth rate (CAGR) of 3.2%, reaching a value of USD 6137.8 Million by 2031.

The market is anticipated to increase as a result of growing social awareness of textile recycling and environmental concerns about the generation of textile waste. The Environmental Protection Agency (EPA) estimates that textile waste takes about 5% of landfill area. Every year, the United States generates around 25 billion pounds of textiles, or 82 pounds per person. Over the course of the forecast period, the demand for textile recycling is anticipated to be driven by the aforementioned factors. Recycling textile waste contributes to environmental sustainability. One possible recycling strategy that minimizes its negative effects on the environment and maximizes the saving of energy, raw materials, and water is upcycling. In addition, recycling textiles has a smaller environmental impact than landfilling or burning them. The recovery of resources can have a significant positive environmental impact by substituting products generated from primary resources. Over the course of the projected period, all of the above-mentioned variables are anticipated to accelerate market growth.The United States is one of the world's top producers of goods related to textiles, according to the National Council of Textile Organization of the United States. Furthermore, there is a significant amount of waste produced in the United States from wasted textiles.

The average life of a given garment is reducing, which leads to an increase in the creation of clothing and textile waste. Because of the incineration process and landfill disposal, which produce greenhouse gas emissions, this has a significant negative environmental impact. The EPA and SMART claim that recycling textiles both contributes significantly to the reduction of greenhouse gas emissions & stimulates economic growth. It is also projected that advancements in recycling methods and ground-breaking scientific research will support market expansion. For example, in February 2022, at the International Symposium on Cellulose Fibers, LIST Technology AG declared a breakthrough in the textile recycling business and displayed a lyocell T-shirt composed entirely of recycled material.

The US government has set out to raise consumer awareness about recycling textiles. For example, with the assistance of the Council of Textile Recycling (CTR), the government has started a project to attain zero waste by 2037. In order to raise awareness about recycling, the Council of Textile Recycling (CTR) is focusing on post-consumer decision-making through this program and extending its reach beyond textile recyclers to manufacturers, brands, governments retailers, and charitable organizations. In the upcoming years, the industry in the United States is anticipated to increase as a result of the aforementioned activities and advances.

Market Dynamics:

Market Drivers-

Environmental Awareness and Sustainability Initiatives​

• The global textile recycling market is driven by growing consumer, corporate, and government interest in sustainability and environmental issues. The substantial environmental effects of textile production, usage, and disposal—including depletion of resources, pollution, as well as greenhouse gas emissions—are becoming more widely appreciated. Recycled & organic fibers, as well as open and easily identifiable supply chains, are in high demand as consumers seek for more environmentally and ethically manufactured apparel and textiles. Adopting circular economy ideas, putting in place textile recycling programs, and bringing recycled materials into their product lines are ways that fashion labels, retailers, and textile producers are responding to customer preferences and regulatory requirements. Furthermore, in order to encourage textile recycling and even circular economy projects, governments and legislators are enacting laws, financial incentives, and extended producer responsibility (EPR) plans, waste management guidelines, and eco-labeling campaigns. The textile industry is seeing a move towards environmentally friendly procedures and consumption patterns as a result of the increased market demand for fabric recycling solutions brought about by environmental awareness and social consciousness.

Resource Scarcity and Raw Material Price Volatility

• The demand for alternate sources of fibers & materials is being driven by the increasing recognition of shortages of resources and volatility in raw material prices in the textile supply chain, which is pushing the textile recycling market. For the manufacturing of raw materials like cotton, polyester, and various other synthetic fibers, the textile sector is largely dependent on limited natural resources including land, water, and fossil fuels. Furthermore, the profitability and stability of textile firms are at danger from the volatility of material prices as well as supply chain disruptions, including changes in the price of cotton, geopolitical tensions, and trade tariffs. In an attempt to diversify the supplies, they buy, reduce their dependency on virgin resources, & lower supply chain risks, textile manufacturers and retailers are investigating alternative fiber sources, including regenerated & recycled materials, in order to solve these problems. Recovering usable fibers from post-consumer & post-industrial textile waste through textile recycling lessens the demand for virgin materials and eases the strain on natural ecosystems. It is also a sustainable and economical alternative. The need for sustainable sourcing and manufacturing practices in the textile industry is being driven by resource scarcity and raw material price volatility. As a strategic solution to achieve resource effectiveness and resilience in the textile supply chain, the textile recycling market is anticipated to grow.

Market Trends-

Shift Towards Circular Economy Practices

• The Increasing demand for textile recycling solutions is being driven by textile producers, retailers, and consumers adopting circular economy practices. This is known as the textile recycling market. The circular economy idea aims to decrease waste and boost resource efficiency by adopting recycling, reusing, & refurbishing methods to prolong the life of resources and goods. The environmental advantages of recycling textiles to cut down on waste going to landfills, preserve natural resources, and lower the carbon footprint associated with textile production are becoming increasingly clear to the textile industry. In order to incorporate recycled fibers into their goods lines, which include clothing, home textiles, to nonwoven materials, textile businesses are adopting closed-loop recycling models including sustainable supply chain activities. In addition, to encourage customers to recycle and repurpose their worn clothing and textiles and promote a culture of responsible consumption as well as waste reduction, fashion labels and retailers are also introducing take-back programs, garment collection efforts, and resale platforms.

Emergence of Advanced Recycling Technologies and Innovations

• The rise of cutting-edge recycling ideas and technology targeted at enhancing the effectiveness, caliber, and adaptability of textile recycling procedures is known as the textile recycling market. The ability to handle mixed or contamination textile waste streams and produce high-quality recovered fibers suitable for value-added applications are constraints of traditional textile recycling techniques like mechanical shredding and fiber blending. To address these issues and realize the entire potential of textile recycling, textile recyclers, academic institutions, and also technology startups are creating and bringing to market innovative recycling technologies like solvent-based processes, enzymatic treatments, and chemical recycling. Textile polymers can be broken down into monomers or oligomers by chemical recycling techniques including depolymerization and dissolution. These can then be purified & polymerized to provide virgin-quality fibres or feedstocks for the creation of new textiles.  Without sacrificing the qualities of the fibers, solvent-based procedures like liquefaction and dissolution allow for the recovery and separation of various fiber types in textile blends. Furthermore, advances in robotics, artificial intelligence (AI), and digital sorting technologies are raising recovery of recyclable materials, reducing contamination, and increasing the efficiency & accuracy of textile waste sorting & segregation.

Market Restraining Factors-

Technological Limitations and Infrastructure Constraints

• The infrastructural and technology constraints that affect the textile recycling process are known as the Textile Recycling Market. Even though mechanical, chemical, & thermal recycling techniques have improved recently, there are still difficulties in efficiently processing and recovering fibers from a variety of textile materials, blends, and finishes. The complex blend of both synthetic and natural fibers, colors, coatings, and impurities found in textiles makes it challenging to attain superior quality and purity in recycled fiber streams. Furthermore, the absence of uniform equipment, infrastructure, and recycling procedures can lead to inefficiencies, inconsistent output quality, and increased processing expenses for textile recyclers. The difficulties with scalability, logistics, & economies of scale in textile recycling operations are further exacerbated by the industry's fragmentation and the lack of centralized collecting and sorting facilities. Therefore, the accessibility and availability of textile recycling facilities might be restricted in some areas, which would lower the market's total capacity and competitiveness. To overcome this barrier and realize the complete potential of textile recycling as an environmentally friendly means to managing textile waste, research and development expenditures, process innovations, and cooperation amongst stakeholders throughout the textile value chain are necessary to address infrastructure and technological limitations.

Segmentation Analysis:

The market is divided into segments based on By Source, By Process, By Application.

By Source

Based on the Source of the market is segmented into Crystalline, Anhydrous.

In 2022, the garment waste sector brought in 28.9% of the total revenue from textile recycling worldwide. It is made up of garbage from surplus fabric from the manufacturing process, returned or damaged clothing, and post-consumer trashed clothing and shoes, among other things. The typical life of a new garment has decreased dramatically over the past 20 years, increasing the amount of trash produced by the clothes industry. The need for clothing textile recycling is anticipated to be driven by the above-mentioned factors.

The segment dedicated to automotive waste is expected to grow at a CAGR (compound annual growth rate) of 3.3% over the projected period. Among the textile components of automobiles are airbags, tires, filters, door liners, roof liners, seat covers, and cushions. The rising number of cars that people in developing nations own is a contributing factor to the problem of automotive waste. Expanding initiatives to manage the waste from automotive textiles ought to encourage positive market expansion.

By Process

Based on the Process of the market is categorised into Detergents, Catalysts, Pulp & paper, Elastomers, Food & healthcare, Others.

In 2022, the mechanical category held the largest market share, contributing 70.8% of the market's revenue. The primary reason for this is the sheer number of businesses that recycle textiles using mechanical methods rather than chemical ones. There are various benefits to using yarns that have undergone mechanical processing. As a result of the fibers' prior dyeing, which removed water from the process, the dyeing procedure first requires less chemical processing.

The chemical process segment is expected to grow at a CAGR of 3.8% over the course of the projection period. Growing research and development is bringing about new solutions in the chemical recycling business. A proportion of 20% to 30% regenerated viscose is the ideal for recycled viscose yarn; nevertheless, this percentage is rising as a result of technological advancements. In 2020, Birla Cellulose aimed to provide solutions that contained a minimum of 50% recycled material. Global technology developments for chemically recycling textile fibers are emerging as a way to mitigate the tremendous environmental impact of the textile industry.

List of Companies Profiled:

• Worn again technologies
• Lenzing Group
• Birla Cellulose
• BLS Ecotech
• The Woolmark Company
• iinouiio Ltd
• Ecotex Group
• The Boer Group
• Unifi, Inc.
• Textile Recycling International
• Hyosung Group
• Martex Fiber
• RenewCell
• Pistoni S.r.l.
• RE TEXTIL Deutschland GmbH.

Key Industry Developments:

• In June 2022, The achievement of a solid waste recycling rate of roughly 4% was made possible in large part by the Brazilian Association of Cleaning and Waste Companies (ABRELPE). As a result of this success, June 5 was declared National Recycling Day with the goal of raising public awareness of waste collection, segregation, recycling, & repurposing.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Textile Recycling Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Regional Snapshots:

By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. In 2022, the European region accounted for 29.6% of global revenue in the textile recycling industry. In the coming years, the market in the region is also expected to grow significantly because of a growth in government support and an increase in recycling-related initiatives. Based in the UK and operating throughout Europe, the Waste and Resources Action Program (WRAP) promotes the recycling of waste, particularly textile waste, with the assistance of private firms and municipal governments.

Asia Pacific is projected to post a CAGR of 3.8% throughout the projection period. Throughout the course of the forecast period, it is anticipated that demand for textiles recycling activities will rise in this region due to the expansion of government initiatives to handle textile waste, growing concerns about the adverse environmental effects of textile waste, and the ongoing development of cutting-edge technologies for textile recycling.

Textile Recycling Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada
• Mexico

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Textile Recycling Market valued?
• Which region has the largest share in 2024 for the global Textile Recycling Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Textile Recycling Market:

• Historic year: 2018-2022
• Base year: 2023
• Forecast: 2024 to 2031
• Representation of Market revenue in USD Million