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Textile Recycling Market - By Product Technology (Mechanical Recycling, Chemical Recycling), By Material (Polyester, Cotton, Nylon, Wool), By Waste (Pre-Consumer Waste, Post-Consumer Waste), By Source (Apparel Waste, Home Furnishing Waste), By End-Use & Forecast, 2024-2032

  • Report ID: GMI5569
  • Published Date: Apr 2023
  • Report Format: PDF

Textile Recycling Market Size

Textile Recycling Market size exceeded USD 5.72 billion in 2023 and is anticipated to grow at over 4% CAGR from 2024 to 2032, propelled by increasing awareness regarding carbon footprint.
 

Textile Recycling Market

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Soaring environmental concerns associated with the negative effects of industrial emissions are fueling market growth. As per Circular Apparel Innovation Factory estimates, in India, about 1.5-4 million waste workers collect, repair, and re-sell used clothing from households and factories, accounting for nearly USD 2 billion turnovers for processing waste generated in the country. The increasing burden of textile waste has promoted the use of textile recycling in such developing and economically strong nations.
 

Textile Recycling Market Trends

Despite a positive outlook for technology adoption, the textile recycling market faces a major hurdle owing to the high machinery and equipment prices in textile recycling. Many developing and low-income countries hesitate to import textile recycling machines due to import duties, resulting in significantly higher textile waste. Approximately 75% of textile waste is landfilled and 25% is recycled, depicting a greater need for waste management initiatives by governments. Nonetheless, the recent transition in consumer behavior and awareness regarding carbon emissions is likely to encourage several nations to introduce zero-textile waste programs, overcoming this restraint in the future.
 

Textile Recycling Market Analysis

In terms of technology, the textile recycling market from the mechanical recycling segment is primed to be worth USD 5.5 billion by 2032. Mechanical recycling decreases the demand for virgin materials and diverts textile waste out of landfills, proving to be an effective and environmentally responsible approach to developing new textiles. It also uses less water, and limited chemicals, and enables a controlled machinery installation footprint, accelerating the segment expansion.
 

Textile Recycling Market Size, By Material, 2021 - 2032 (USD Billion)

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Polyester textile recycling market is poised to reach USD 4 billion By 2032, owing to the growing popularity of polyester-based athletic wear and other performance fabrics, the report claims. According to studies, the U.S. manufactures nearly 1.4 million tons of polyester every year, next in line after China. Eastman Chemical Company and William Barnet & Son are two leading American polyester producers.
 

 

Textile Recycling Market Revenue Share, By Waste, (2023)

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Based on waste, the textile recycling market from the pre-consumer waste is predicted to witness around 3.5% CAGR between 2023 and 2032. The mounting post-production waste formed by factory outlets, including the materials and products that do not meet quality standards, is encouraging companies to join hands, thereby stimulating segment expansion.
 

The textile recycling market from the home furnishing end-use segment is estimated to cross USD 1 billion by 2032 on account of the wide applicability of textiles in home furnishing as they are used to build a variety of products such as curtains, bedding, upholstery, and carpets. Recycled printed and woven fabrics are frequently utilized to make decorative furnishings such as throw pillows and blankets, driving the demand for textile recycling. As per the Sustainable Furnishings Council survey, homeowners aged above 60 are willing to pay 10% more for recycled fabrics for furnishings.
 

By source, the textile recycling market size from the apparel waste segment is foreseen to exceed USD 4.5 billion by 2032. Apparel waste is created with the growing textile waste generated from the production and consumption of apparel, which can be derived from various sources, including discarded garments, manufacturing scraps, and unsold inventory. The popularity of recycled fashion and thrifting in line with increasing environmental consciousness is complementing source preference. A recent research study about U.S. retailers’ sourcing strategies found that most retailers were interested in sourcing apparel from recycled textiles that were made locally.
 

Asia Pacific Textile Recycling Market Size, 2020- 2032 (USD Billion)

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Asia Pacific textile recycling market is anticipated surpass USD 2.5 billion by 2032. The region may emerge as a major hub for this industry owing to increased consumer awareness regarding the environmental impact of textile waste. This is augmenting the demand for more sustainable practices and products across the APAC region. In 2022, China announced its target to achieve two million tons of textile recycling by 2025 as part of its climate change plans.
 

Textile Recycling Market Share

  • Lenzing AG
  • Hysong TNC
  • Birla Cellulose
  • Unifi INC
  • Renewcell
  • Textile Recycling International
  • Patagonia Inc
  • Leigh Fibers
  • The Woolmark Company 
  • Martex Fiber

are some of the key participants involved in the textile recycling market. These firms are engaging in business expansion tactics such as the development of new subdivisions, acquisitions, and partnerships with government agencies.
 

This market research report on textile recycling includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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By Technology

  •  Mechanical recycling
  • Chemical recycling

By Material

  • Polyester
  • Cotton
  • Nylon
  • Wool
  • Others

By Waste

  • Pre-Consumer waste
  • Post-Consumer waste

By End Use

  • Apparel
  • Home furnishing
  • Fabrics
  • Building & construction
  • Automotive & Transportation
  • Others

By Source

  • Apparel Waste
  • Home Furnishing Waste
  • Others

By Region

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • South Korea
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • South Africa
    • Saudi Arabia

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of textile recycling valuation at USD 5.72 billion in 2023 and is primed to progress at over 4% CAGR between 2024 and 2032 propelled by accelerating fast-fashion trends and increasing awareness regarding carbon footprint.

The polyester segment is poised to garner a valuation of around USD 4 billion by 2032 as a result of the growing popularity of polyester-based athletic wear and other performance fabrics.

The home furnishing end-use segment is anticipated to exceed USD 1 billion by 2032 owing to the wide applicability of textiles in a variety of products such as curtains, bedding, upholstery, and carpets.

Asia Pacific market is set to reach USD 2.5 billion by 2032 attributable to increased consumer awareness regarding the environmental impact of textile waste in the region.

Textile Recycling Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 1191
  • Countries covered: 19
  • Pages: 300
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