Global Textile Market (2022 to 2027) – Industry Trends

In 2021, the worldwide textile recycling market is expected to reach a value of US$ 5.02 billion. The publisher anticipates the market would reach US$ 5.86 billion by 2027, growing at a CAGR of 2.6 percent between 2022 and 2027 online tajweed course.

Keeping in mind the uncertainty surrounding COVID-19, we are regularly analyzing and evaluating the pandemic’s direct and indirect impact on several end-use industries. These insights are cited in the research as a significant contributor to the market.

Textile recycling is a term that refers to the process of reprocessing and reusing old clothing, scarves, and fibrous trash. These materials are typically recovered from discarded clothing, carpets, furniture, tires, and footwear, as well as other non-durable items such as towels and sheets. Textile recycling has a number of environmental and economic benefits, including lowering land and water pollution, reducing reliance on virgin fibers, reducing the use of chemical dyes, and optimizing energy and water consumption. It has recently developed as a successful strategy for the apparel industry’s sustainability development. Due to these advantages, recycled textiles are widely used in a variety of end-use industries, including fashion, home furnishings, and other industrial sectors such as retail, automotive, mining, construction, and others.

The growing demand for recycled textiles is primarily being driven by growing environmental concerns about the negative impact of waste incineration, high industrial discharges from textile mills, and raw material depletion, such as silk, wool, and so on. Additionally, the growing production of synthetic and polyester fabrics has resulted in increased greenhouse gas emissions, consequently increasing the global demand for recycled fabrics. Apart from this, growing public awareness about the significance of recycling old clothing, combined with an increase in the number of collection bins for textile sorting, has fueled the market’s rise.

Additionally, some recycling organizations are initiating educational campaigns about textile recycling and establishing door-to-door pickup programs for used clothing. Additionally, these companies are implementing novel tactics for collecting post-consumer clothing items by establishing beautiful cloth bins in public venues such as parking lots, parks, shopping malls, and sidewalks. Additionally, various technological advancements facilitated market expansion, aided by the increasing prevalence of automation in the recycled textile industry.

Segmentation of the Market:

The publisher analyses significant trends in each category of the worldwide textile recycling market and forecasts the market at the global, regional, and country levels for the period 2022-2027. The market has been segmented in our report by product type, textile waste, distribution channel, and end-use.

Also Check: Top 10 Industries Going to Grow Most in 2022

Distribution by Product Type:

  • Recycling Cotton
  • Recycling Wool
  • Recycling Polyester & Polyester Fibers
  • Recycling Nylon & Nylon Fiber
  • Others

Composition of Textile Waste:

  • Textiles that have been previously consumed
  • Textiles derived from post-consumer waste

Distribution Channels:

Retail & Department Stores over the Internet

Separated by End-Use:

  • Industrial Home Furnishings Apparel
  • Other non-woven

Division by Region:

  • Americas
  • United States of America Canada
  • Asia and the Pacific China Japan India
  • South Korea Australia Indonesia
  • Europe
  • Germany
  • France
  • Kingdom of the United
  • Spain Italy
  • Others Russia
  • America Latina
  • Mexico Brazil
  • Others
  • Africa and the Middle East
  • Turkey
  • Kingdom of Saudi Arabia
  • Others

Competitive Environment:

The industry’s competitive landscape has also been explored, with important firms such as Anandi Enterprises, American Textile Recycling Service, Boer Group Recycling Solutions, I:Collect GmbH, Infinited Fiber Company, Patagonia, Prokotex, Pure Waste Textiles, Retex Textiles, and Unifi, Inc.

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About the author: Qazi Shabaz

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