Textile Recycling Market Size, Trends and Insights By Material (Cotton, Polyester, Wool, Polyamide, Others), By Process (Mechanical, Chemical), By Source (Apparel Waste, Home Furnishing Waste, Automotive Waste, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI40401

Published Date: February 2024

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 3.8%
4.7B
2022
4.9B
2023
6.8B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Lenzing Group
  • Birla Cellulose
  • BLS Ecotech
  • The Woolmark Company
  • iinouiio Litd.
  • Ecotex Group
  • Others

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Reports Description

Global Textile Recycling Market was valued at USD 4.9 Billion in 2023 and is expected to reach USD 6.8 Billion by 2032, at a CAGR of 3.8% during the forecast period 2023 – 2032.

Textile recycling refers to the process of reusing or repurposing textile materials to prevent them from ending up in landfills. Textiles include a wide range of materials such as clothing, bedding, towels, curtains, and other fabric-based items.

The goal of textile recycling is to minimize waste, conserve resources, and reduce the environmental impact associated with the production and disposal of textiles.

Textile Recycling Market – Significant Growth Factors

Growing Environmental Concerns

The increasing awareness and concern for environmental sustainability are significant drivers for the global textile recycling market. With a rising global population and increasing consumerism, the textile industry generates a substantial amount of waste.

Consumers are becoming more conscious of the environmental impact of textile production and disposal, which in turn drives the demand for sustainable practices like recycling.

According to the U.S. Environmental Protection Agency (EPA), textiles contribute to around 8% of all municipal solid waste in the United States. This has led to a surge in initiatives and regulations favouring textile recycling, propelling the market forward.

Innovations in Recycling Technologies

Advances in recycling technologies play a pivotal role in driving the global textile recycling market. Continuous research and development efforts have resulted in innovative processes for efficiently recycling various types of textiles, including synthetic and blended fabrics.

For instance, the adoption of mechanical recycling techniques, such as shredding and carding, has gained momentum, allowing for the extraction of fibres from used textiles without significant loss of quality.

Additionally, chemical recycling methods are evolving, enabling the regeneration of textile fibres with characteristics comparable to virgin materials. The constant evolution of these technologies enhances the feasibility and efficiency of textile recycling, attracting investments and driving market growth.

Textile Recycling Market – Restraints

Lack of Collection Infrastructure

One of the major challenges hindering the growth of the global textile recycling market is the inadequate collection infrastructure. While there is a growing demand for textile recycling, the lack of proper collection systems results in a significant portion of textiles ending up in landfills.

For instance, according to the Ellen MacArthur Foundation, only about 1% of textiles are currently recycled into new garments globally. The absence of convenient and widespread collection mechanisms, including drop-off points and curbside pickups, poses a barrier to the efficient collection of discarded textiles for recycling.

Quality Concerns and Downcycling

Quality degradation during the recycling process and the prevalence of downcycling pose restraints in the textile recycling market. Mechanical recycling methods may result in fibers with reduced strength and durability compared to virgin materials, leading to downcycling into lower-value products.

This hinders the development of a closed-loop system where recycled textiles can be continually used to produce similar high-quality products. Overcoming these challenges requires ongoing research and development to improve the quality of recycled fibres and explore alternative recycling methods.

Global Textile Recycling Market 2023–2032 (By Process)

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Textile Recycling Market – Opportunities

Rising Demand for Sustainable Fashion

 The increasing consumer demand for sustainable and eco-friendly fashion presents a significant opportunity for the global textile recycling market. As consumers become more conscious of the environmental impact of the fashion industry, there is a growing preference for clothing made from recycled or upcycled materials.

According to a survey by Custom Market Insights, over 60% of global consumers consider sustainability an important factor when making a purchasing decision. This shift in consumer behaviour creates a market opportunity for textile recyclers to collaborate with fashion brands and retailers to meet the demand for sustainable clothing.

Government Initiatives and Regulations

Government initiatives and regulations aimed at promoting sustainable practices and reducing textile waste provide a favourable environment for the growth of the textile recycling market. Many countries are implementing policies to address the environmental impact of the textile industry, including setting targets for recycling rates and promoting circular economy principles.

For instance, the European Union’s Circular Economy Action Plan targets a 55% recycling rate for plastic packaging and 30% for textiles by 2030. The alignment of the textile recycling industry with such regulatory frameworks creates opportunities for businesses to participate in and benefit from government-supported sustainability initiatives.

Global Textile Recycling Market 2023–2032 (By Source)

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Textile Recycling Market – Segmentation Analysis

Global Textile Recycling market is segmented by material, source, and process.  Based on material, the textile recycling market is segmented into cotton, polyester, wool, polyamide, and others. Among all these segments, cotton held the highest market share in 2022.

Cotton is often a dominant material in the textile industry, widely used in apparel and home furnishings. High consumer awareness and demand for sustainable fashion contribute to the dominance of cotton in textile recycling.

Polyester is expected to grow at the fastest CAGR during the forecast period. Polyester is a synthetic fiber with increasing popularity due to its durability and affordability. Growing concerns about environmental impact and the push for recycled polyester contributes to its rapid growth in textile recycling.

Based on process, the textile recycling market is segmented into mechanical and chemical recycling markets. Among all these segments, Mechanical has the highest market share during 2022. Mechanical recycling involves processes like shredding and grinding to create recycled fibres.

This method is often preferred for its simplicity and lower environmental impact compared to chemical processes. The chemical process is expected to grow at the fastest CAGR during the forecast period. Chemical recycling methods are gaining traction for their ability to handle a wider range of materials, including blended fabrics. Continuous advancements in chemical recycling technologies contribute to its faster growth.

Based on source, the textile recycling market is segmented into apparel waste, home furnishing waste, automotive waste and others. Among all these segments, Apparel waste is a significant source due to the large volume of discarded clothing globally.

Consumer awareness campaigns and initiatives by fashion brands contribute to the dominance of apparel waste. Automotive Waste is expected to grow at the fastest CAGR during the forecast period. Automotive waste is likely to experience rapid growth due to the increased focus on recycling materials from end-of-life vehicles. Advances in recycling technologies make it feasible to extract and recycle textiles from automotive waste.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 4.9 Billion
Projected Market Size in 2032 USD 6.8 Billion
Market Size in 2022 USD 4.7 Billion
CAGR Growth Rate 3.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Material, Process, Source and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Textile Recycling Market – Regional Insight

Based on Region, Textile Recycling market is segmented into North America, South America, Europe, Asia Pacific, the Middle East and Africa. Among all these, Asia Pacific is a dominant region in the textile industry in 2022 and is likely to lead during the forecast period due to the availability of a large textile manufacturing base in India, China, Bangladesh and Indonesia.

Growing environmental awareness and regulatory support for sustainability further contribute to the region’s leadership. Furthermore, the rapidly expanding automotive, clothing, and household clothing industries in this region are due to growing disposable income and changing lifestyles.

Europe is expected to grow at the fastest CAGR during the forecast period. Europe, with its stringent environmental regulations and a strong emphasis on sustainability, is likely to experience the fastest growth. The European market’s focus on circular economy principles and eco-friendly practices propels the growth in textile recycling. Countries such as Germany, France, the U.K., Spain, Netherlands are propelling the growth of the market in this region.

Global Textile Recycling Market 2023–2032 (By Billion)

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Textile Recycling Market – Recent Developments

  • In April 2023, Circ partnered with Zara to launch a womenswear collection made from recycled lyocell and polyester separated from mixed textile waste. Such a partnership is expected to create lucrative opportunities for the market during the forecast period.
  • In May 2023, Birla Cellulose partnered with TextileGenesisTM to provide transparency and traceability solutions in the fiber and apparel industry. Birla Cellulose is actively collaborating with brands and supply chain partners, innovators, and orchestrators such as Canopy, Fashion for Good and Circular Fashion Partners to develop its circular business model and enhance regional footprints.
  • In October 2022, Lenzing AG entered into a partnership with CISUTAC (Circular and Sustainable Textiles), a project co-founded by the EU. Through this partnership, Lenzing AG is focusing on increasing the production of recycled textile waste.
  • In March 2022, HYOSUNG TNC signed an agreement with TOPTEN to jointly develop good quality environmentally friendly products. HYOSUNG TNC will provide a variety of eco-friendly materials using Regen, and TOPTEN will introduce a collection of eco-friendly and cost-effective clothing using Regen, including Sports like Balance.
  • In November 2022, Renewcell partnered with Eastman to develop circularly sourced Naia Renew ES yarn, Renewcell’s recycled textile feedstock.
  • In April 2022, Saint-Gobain plans to spend $32 million to upgrade CertainTeed’s glass wool plant in Chowchilla, California. This is the largest investment in the site since its founding in 1978. The Saint-Gobain Group estimates that the modernization will reduce the site’s CO2 emissions by 4,000 tons/year.
  • In May 2022, TRI Group acquired Soex UK, a textile collector headquartered in Gatwick and operating across the UK. This acquisition strengthens the company’s geographical presence in Europe.

List of the prominent players in the Textile Recycling Market:

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

The Textile Recycling Market is segmented as follows:

By Material

  • Cotton
  • Polyester
  • Wool
  • Polyamide
  • Others

By Process

  • Mechanical
  • Chemical

By Source

  • Apparel Waste
  • Home Furnishing Waste
  • Automotive Waste
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Textile Recycling Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Textile Recycling Market: snapshot
  • Chapter 3. Global Textile Recycling Market – Industry Analysis
    • 3.1 Textile Recycling Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing Environmental Concerns
      • 3.2.2 Innovations in Recycling Technologies
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Material
      • 3.7.2 Market Attractiveness Analysis By Process
      • 3.7.3 Market Attractiveness Analysis By Source
  • Chapter 4. Global Textile Recycling Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Textile Recycling Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and Joint Ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Textile Recycling Market – Material Analysis
    • 5.1 Global Textile Recycling Market Overview: By Material
      • 5.1.1 Global Textile Recycling Market Share, By Material, 2022 and 2032
    • 5.2 Cotton
      • 5.2.1 Global Textile Recycling Market by Cotton, 2023 – 2032 (USD Billion)
    • 5.3 Polyester
      • 5.3.1 Global Textile Recycling Market by Polyester, 2023 – 2032 (USD Billion)
    • 5.4 Wool
      • 5.4.1 Global Textile Recycling Market by Wool, 2023 – 2032 (USD Billion)
    • 5.5 Polyamide
      • 5.5.1 Global Textile Recycling Market by Polyamide, 2023 – 2032 (USD Billion)
    • 5.6 Others
      • 5.6.1 Global Textile Recycling Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Textile Recycling Market – Process Analysis
    • 6.1 Global Textile Recycling Market Overview: By Process
      • 6.1.1 Global Textile Recycling Market Share, By Process, 2022 and 2032
    • 6.2 Mechanical
      • 6.2.1 Global Textile Recycling Market by Mechanical, 2023 – 2032 (USD Billion)
    • 6.3 Chemical
      • 6.3.1 Global Textile Recycling Market by Chemical, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Textile Recycling Market – Source Analysis
    • 7.1 Global Textile Recycling Market Overview: By Source
      • 7.1.1 Global Textile Recycling Market Share, By Source, 2022 and 2032
    • 7.2 Apparel Waste
      • 7.2.1 Global Textile Recycling Market by Apparel Waste, 2023 – 2032 (USD Billion)
    • 7.3 Home Furnishing Waste
      • 7.3.1 Global Textile Recycling Market by Home Furnishing Waste, 2023 – 2032 (USD Billion)
    • 7.4 Automotive Waste
      • 7.4.1 Global Textile Recycling Market by Automotive Waste, 2023 – 2032 (USD Billion)
    • 7.5 Others
      • 7.5.1 Global Textile Recycling Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 8. Textile Recycling Market – Regional Analysis
    • 8.1 Global Textile Recycling Market Regional Overview
    • 8.2 Global Textile Recycling Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Textile Recycling Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Textile Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Textile Recycling Market, by Material, 2023 – 2032
      • 8.4.1 North America Textile Recycling Market, by Material, 2023 – 2032 (USD Billion)
    • 8.5 North America Textile Recycling Market, by Process, 2023 – 2032
      • 8.5.1 North America Textile Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.6 North America Textile Recycling Market, by Source, 2023 – 2032
      • 8.6.1 North America Textile Recycling Market, by Source, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Textile Recycling Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Textile Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Textile Recycling Market, by Material, 2023 – 2032
      • 8.8.1 Europe Textile Recycling Market, by Material, 2023 – 2032 (USD Billion)
    • 8.9 Europe Textile Recycling Market, by Process, 2023 – 2032
      • 8.9.1 Europe Textile Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.10 Europe Textile Recycling Market, by Source, 2023 – 2032
      • 8.10.1 Europe Textile Recycling Market, by Source, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Textile Recycling Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Textile Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Textile Recycling Market, by Material, 2023 – 2032
      • 8.12.1 Asia Pacific Textile Recycling Market, by Material, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Textile Recycling Market, by Process, 2023 – 2032
      • 8.13.1 Asia Pacific Textile Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Textile Recycling Market, by Source, 2023 – 2032
      • 8.14.1 Asia Pacific Textile Recycling Market, by Source, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Textile Recycling Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Textile Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Textile Recycling Market, by Material, 2023 – 2032
      • 8.16.1 Latin America Textile Recycling Market, by Material, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Textile Recycling Market, by Process, 2023 – 2032
      • 8.17.1 Latin America Textile Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Textile Recycling Market, by Source, 2023 – 2032
      • 8.18.1 Latin America Textile Recycling Market, by Source, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Textile Recycling Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Textile Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Textile Recycling Market, by Material, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Textile Recycling Market, by Material, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Textile Recycling Market, by Process, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Textile Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Textile Recycling Market, by Source, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Textile Recycling Market, by Source, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Lenzing Group
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Birla Cellulose
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 BLS Ecotech
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 The Woolmark Company
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 iinouiio Litd.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Ecotex Group
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 The Boer Group
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Unifi Inc.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Textile Recycling International
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Hyosung Group
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Martex Fiber
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 RenewCell
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Pistoni S.r.l
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 RE TEXTIL Deutschland GmbH
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Worn again technologies
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

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

FAQs

The Growing Environmental Concerns is major driver in global Textile Recycling market.

The “Apparel Waste” category dominated the market in 2022.

The key players in the market are Lenzing Group, Birla Cellulose, BLS Ecotech, The Woolmark Company, iinouiio Litd., Ecotex Group, The Boer Group, Unifi Inc., Textile Recycling International, Hyosung Group, Martex Fiber, RenewCell, Pistoni S.r.l, RE TEXTIL Deutschland GmbH, Worn again technologies, Others.

“Asia Pacific” had the largest share in the Textile Recycling Market.

The global market is projected to grow at a CAGR of 3.8% during the forecast period, 2023-2032.

The Textile Recycling Market size was valued at USD 4.9 Billion in 2023.

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