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Report Highlights
The global market for textile recycling is expected to increase from $8.0 billion in 2023 to $11.1 billion by the end of 2028, with a compound annual growth rate (CAGR) of 7.0% during the forecast period of 2023-2028.
Report Includes
- 54 data tables and 55 additional tables
- An overview of the current and future global market for textile recycling technology
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
- Estimate of the actual market size and revenue forecast for the global textile recycling market, and a corresponding market share analysis based on material type, textile waste, process, distribution channel, end-use industry and region
- Facts and figures pertaining to the market drivers, opportunities and challenges, emerging technologies and future prospects
- Discussion of sustainability trends and factors in the textile recycling market, with emphasis on consumer attitudes, ESG scores, case studies and the ESG practices of leading companies
- An analysis of relevant patents
- Overview of the major vendors along with an analysis of the industry structure, including company market shares, recent M&A activity and venture funding
- Competitive intelligence on the leading market players, their global rankings, recent developments, key financials and segmental revenues, and product portfolios
- Company profiles of major players within the industry, including Lenzing AG, Birla Cellulose, Hyosung TNC, and Unifi Inc.
Report Scope
The report will include details about various types of materials used in textile recycling, end-use industries for textile recycling, distribution channels of textile recycling, types of textile waste, and processes of textile recycling. Estimated values are based on manufacturers’ total revenues. Projected revenue values are in constant U.S. dollars, unadjusted for inflation. The report contains comprehensive information regarding the textile recycling industry and the users thereof.
The global textile recycling market is segmented into the following categories:
- Material type (polyester, cotton, nylon, wool).
- Process type (chemical and mechanical).
- Textile waste (post-consumer waste and pre-consumer waste).
- Distribution channel (online and offline).
- End-use (apparel, home furnishing, industrial).
- Region: North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||||
| Base year market size | $7.5 billion | ||||||||||||||||
| Market size forecast | $11.1 billion | ||||||||||||||||
| Growth rate | CAGR of 7.0% for the forecast period of 2023-2028 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Material Type, Process Type, Distribution Channel, Waste Type, End-Use | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, France, U.K., Italy, The Netherlands, Spain, Belgium, Switzerland, Poland, China, India, Japan, South Korea, Taiwan, Vietnam, Thailand, Singapore, the Philippines, Malaysia, Indonesia, Middle East, Africa, South America | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing demand for textile fiber
- Government support for circular economy
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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