Textile Recycling Market to Cross Valuation of USD 13.3 Billion by 2032 | SkyQuest Technology

Textile Recycling Market to Cross Valuation of USD 13.3 Billion by 2032 | SkyQuest Technology

SkyQuest projects that the Global Textile Recycling Market size will reach a value of USD 13.3 Billion by 2032, with a CAGR of 6.9% during the forecast period (2025-2032). The growing environmental awareness of consumers is a significant driving factor for the textile recycling market, as they are now aware of the environmental implications of textile production and waste. With significant water usage, pollution, and microplastic concerns, the demand for sustainable practices and recycling technologies continues to rise, though educational efforts are necessary to further shift consumer behavior. Whereas, increasing demand for recycled fibers is also growing for the global textile recycling market. With over 15 million tons of textile waste generated annually in the US, the need for effective recycling is growing.

Browse in-depth TOC on the " Textile Recycling Market"

Pages – 225

Tables – 54

Figures – 79

Textile Recycling Market Overview:

Report Coverage

Details

Market Revenue in 2024

USD 7.9 Billion

Estimated Value by 2032

USD 13.3 Billion

Growth Rate

Poised to grow at a CAGR of 6.9%

Forecast Period

2025–2032

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Material, Sources, Process and Region

Geographies Covered

North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa

Report Highlights

Increase in environmental awareness among consumers related to textile waste.

Key Market Opportunities

Recycling, reduced waste and resource reliance is driven by textile industry.

Key Market Drivers

Recycled textile demand boosts market growth and sustainability.

Textile Recycling Material to Hold Significant Growth due to Increase in Demand for Polyester

The global textile recycling industry is hugely taken over by polyester because synthetic polyester, said to be among the most enduring yet versatile fibers used by many, is now on the upswing in recycling. Amber Cycle and Hyosung TNC, sustainability leaders, announced a joint venture in June 2024 to produce decarbonized, circular polyester. Such closed-loop systems are among many industry trends as companies invest in making better technologies to recycle polyester into high-quality fibers, cut carbon footprints, and reduce impacts on the environment.

Apparel Waste to Lead the Market due Increase in Demand for In-Store Shopping

Apparel Waste is gaining dominance in the global Textile Recycling market because of Consumer preference for in-store shopping that leads to wasted garments. The actual measurement of waste by the retail fashion industry is not within a well-defined scope, yet it is believed that millions of tons of clothing materials are wasted worldwide every year. This makes up one of the critical wastes because the fashion sector tends to produce humongous wastes.

Asia Pacific to Dominate the Market Due to Well-Developed Manufacturing Base and Government Support for Eco- Friendly Practices

Asia Pacific firm control of the global Textile Recycling market growth as it holds a strong industrial base, government policies supporting eco-friendly practices, and growing consumer sensitivity towards waste, making it more suitable for setting up recycling plants. Low-cost recycling facilities as well as the textile manufacturing locations make it all the more convenient. The policies developed by countries such as China and India, promoting recycling and maintaining environmental sustainability, create an amiable environment that fosters further growth in this market.

Textile Recycling Market Insight

Drivers:

  1. Government Regulations and Sustainability Initiatives
  2. Sustainable Fashion Demand by Consumers
  3. Technological Advancements in Recycling Processes

Restraints:

  1. High Recycling Costs and Infrastructure Challenges
  2. Lack of Consumer Awareness and Participation
  3. Limited Availability of Recycled Fiber Supply

Prominent Players in Textile Recycling Market

  • Lenzing AG
  • BLS Ecotech
  • Unifi Inc. (Unifi)
  • Leigh Fibers
  • Pistoni S.r.l.
  • Usha Yarns Ltd.
  • Textile Recycling International Limited
  • Worn Again
  • Ambercycle
  • Anandi Texstyles Pvt Ltd
  • The Woolmark Company
  • Pure Waste

Key Questions Answered in Global Textile Recycling Market Report

  • What is the projected market value of the market by 2032?
  • Why is polyester dominating the global textile recycling market?
  • What steps is Asia Pacific taking to become global leader in the global textile recycling market?

This report provides the following insights:

  • Analysis of key drivers (Government Regulations and Sustainability Initiatives, Sustainable Fashion Demand by Consumers,  Technological Advancements in Recycling Processes), restraints (High Recycling Costs and Infrastructure Challenges, Lack of Consumer Awareness and Participation, Limited Availability of Recycled Fiber Supply), opportunities (Expansion of Circular Economy Practices, Collaboration with Retailers and Fashion Brands, Recycling, reduced waste and resource reliance is driven by textile industry) are influencing the growth of Textile Recycling market.
  • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the Textile Recycling market.
  • Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the Textile Recycling market.
  • Market Development: Comprehensive information on lucrative emerging regions
  • Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
  • Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia-Pacific.

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