The ‘Global Recycled Textile Market Price, Share, Size, Trend, Demand, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global recycled textile market, assessing the market on the basis of its segments like type, end use, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Recycled Textile Market Size To Grow At A CAGR Of 2.8% Until 2027
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market (2021): USD 5.07 billion
• Forecast CAGR (2022-2027): 2.8%
• Forecast Market (2027): USD 5.82 billion
|Market Size in 2021||USD 5.07 billion|
|Revenue Forecast in 2027||USD 5.82 billion|
|Growth Rate CAGR||2.8%|
|Major Players||Leigh Fibers Inc., Evrnu Technologies, Martex Fiber, Re:NewCell AB, Boer Group,|
Khaloom Textiles India Pvt. Ltd. and Others
Garments are very frequently discarded with changes in fashion and preferences; other than that clothes are also removed due to the end of their lifetime. Large quantities of textiles that have either been thrown away from households or those that arise during the manufacturing process of yarn, fabric or garment end up in landfills. Reportedly, around 80% of these textiles that are cast away can be recycled and reused, however, only a quarter of it is currently being recycled.
The global recycled textile market is important for the environment as it takes years for natural fibres to decompose while man-made fibres don’t decompose at all. Further, they are a source of greenhouse gas emissions such as carbon dioxide (CO2), nitrous oxide (N2O), and methane (CH4). Dumped clothes in the landfill can pose risks to the groundwater as rainwater can absorb the chemicals, dyes and bleaches used on textiles, making recycling of textiles imperative to build sustainability in the apparel market. Textile can be recycled by upcycling, repurposing, or re-fashioning it.
Around 75% and 15% of pre- and post-consumer textile waste, respectively, is recycled in the United States. In Europe approximately 35% of the textile waste is recycled and the United Kingdom recycles around 25% of its clothing.
Recycled Textile Market Segmentation
Recycled textile refers to the textile that has been recovered for reuse or material recovery. In the process of recycling, the garments are classified into natural, synthetic, and blended fabrics and then reused, reprocessed, or remade, adding value to waste. There are many ways of recycling textiles, for instance, garments can be shredded to make fillers for car insulation, furniture padding, panel lining and more, or cotton clothes can be recycled to make paper or for use in automotive, mining and other markets.
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On the basis of type, the recycled textile market is segmented into:
• Recycled Cotton
• Recycled Polyester
• Recycled Wool
• Recycled Nylon
The market is divided into the following, based on the end use:
• Building and Construction
The major regions covered in the report include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Recycled Textile Market Trends
Sustainability is the major driver of the global recycled textile market. Rising awareness of the harmful environmental impact of frequently generating new textile waste has guided the manufacturers and designers to recycle and reuse old garments or fabrics. Designers are offering custom made outfits which are manufactured using recycled fabrics.
Recycling helps in saving on energy consumption as the textiles can be put to use without the need to re-dye or source. Architects have shown that recycled textile can potentially create construction materials that are insulating and add structural as well as aesthetical value. Eco-consciousness has triggered research and development and experimentation with different techniques which are proving beneficial for the global recycled textile market. There is an excellent business opportunity for people trying to generate something new through textile recycling, especially in countries where clothes gathered by collecting agencies are lesser in percentage.
The fashion sector is the considered to be one of the polluting sectors, therefore, giving paramount importance to recycling and reprocessing of clothes or scraps helps in ensuring an environmentally friendly and sustainable apparel market. Further, advancement in technologies are paving the way for moving ahead with making low priced products from recycled textiles. There are machines deployed that can recycle textile waste to create raw materials that are at par with virgin materials and can make high quality products. The global recycled textile market is anticipated to show growth in the coming years.
Key Market Players
The major players in the global recycled textile market report include:
- Leigh Fibers Inc.
- Evrnu Technologies
- Martex Fiber
- Re:NewCell AB
- Boer Group
- Khaloom Textiles India Pvt. Ltd.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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