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Textile Recycling Market Size

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

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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 Report Attributes
Report Attribute	Details
Base Year:	2022
Textile Recycling Market Size in 2022:	USD 5.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4%
2032 Value Projection:	USD 8.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	300
Tables, Charts & Figures:	1,191
Segments covered:	Technology, Material, Waste, End Use, Source, and Region
Growth Drivers:	Increasing environmental concerns about the negative effects of industrial emissions Growing public awareness towards recycling old clothes
Pitfalls & Challenges:	High upfront capital costs

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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.