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    Textile Recycling Market Size, Share, Industry Growth, Price Analysis, Forecast, Report 2021-2026

    According to the latest report by IMARC Group, titled “Textile Recycling Market: Global Industry Trends, Share, Size, 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 global market to exhibit moderate growth during 2021-2026.

    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 the process of reusing and reprocessing old clothes, clothing scraps and other fibrous materials. Discarded pieces of clothing, including used dresses, carpets, sheets, curtains, towels and covers, are sorted depending upon their condition and are then reprocessed to form new and usable textile products. This method of recycling is widely gaining prominence across the globe, owing to the economic and environmental benefits associated with it. Apart from this, the recycling process minimizes land and water pollution, reduces the use of virgin fibers and lessens the demand for chemical dyes. Consequently, recycled textiles find vast applications in the apparel, retail, construction, automotive and home furnishing sectors.

    Global Textile Recycling Market Trends:

    Growing environmental consciousness is one of the key factors driving the market growth. There is an increasing awareness regarding the adverse effects of heavy industrial discharge from textile mills, which leads to an increased strain on landfills. This is also contributing to the rapid depletion of raw materials, which have motivated numerous individuals to adopt recycled textiles as one of the many effective measures toward sustainable development. Moreover, the emerging trend of donated clothes, which are then graded and transported across the world to be recycled, has encouraged several traders to offer door-to-door pickup programs. Furthermore, numerous key players in the apparel sector are taking initiatives to contribute to a sustainable cycle of manufacturing clothes. For instance, Patagonia, Inc., a California-based company and Hennes & Mauritz AB, a Swedish multinational clothing retail company, are offering garment recycling services across numerous stores. Some of the other factors contributing to the market growth include constant technological advancements and rising adoption of automation in the textile sector.

    Textile Recycling Market 2021-2026 Competitive Analysis and Segmentation:

    Competitive Landscape With Key Players:

    The competitive landscape of the 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 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

    Based on the type, the market has been divided into cotton, wool, polyester and polyester fiber, nylon and nylon fiber and other types of recycling.

    Breakup by Textile Waste:

    • Pre-consumer Textile
    • Post-consumer Textile

    Breakup by Distribution Channel:

    • Online Channel
    • Retail & Departmental Stores

    Based on the distribution channel, the market has been categorized into online channels, and retail and departmental stores.

    Breakup by End Use:

    • Apparel
    • Industrial
    • Home Furnishings
    • Non-woven
    • Others

    On the basis of the end users, the market has been classified into apparel, industrial, home furnishings, non-woven and others.

    Breakup by Region:

    • North America
    • Asia Pacific
    • Europe
    • Latin America
    • Middle East and Africa

    On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa (Turkey, Saudi Arabia and others).

    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.

    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.

    Contact US:

    IMARC Group
    30 N Gould St, Ste R
    Sheridan, WY 82801, USA
    Email: sales@imarcgroup.com
    Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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