Textile recycling market Updates

Global Textile Recycling Market size was valued at USD 7.2 Billion in 2023 poised to grow from USD 7.8 Billion in 2024 to USD 13.3 Billion by 2032, growing at a CAGR of 6.9% in the forecast period (2025-2032).

The Global Textile Recycling Market is highly competitive, with dominance from a few players. This market is mostly shared by the key players. Lenzing AG, Hyosung Group, Unifi, Inc., Leigh Fibers, and Infinited Fiber Company, are among the leading players in this business that takes up almost 17% in total. These leaders in market positions will continue their leadership status because of good reputations in product diversity and proficiency in technology, investment in focused R&D efforts and marketing programs, and in continuously innovating improvements in product quality and sustainable sustainability of recovered fibres. Focuses on the principles of closed-loop recycling and uses of bio-based materials. They look at partnerships and collaborations to increase market presence and tap into the burgeoning demand for environmental-friendly textile solutions. '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', 'RE Textil Deutschland GmbH', 'Boer Group', 'Retex Textiles Inc.', 'Hyosung Group', 'Infinited Fiber Company', 'Natural Fiber Welding, Inc.', 'The Ecotex Group', 'Procotex Corporation  '

High greenhouse gas (GHG) emissions are prompting growth in the textile recycling market, as the industry and policymakers realize the importance of the sector in the fight against climate change. Textile production and waste are among the significant contributors to GHG emissions. Energy-intensive processes like dyeing, finishing, and fabric production, along with fast fashion's disposal culture, worsen these emissions. Recycling can reduce dependence on virgin materials, decrease energy usage, and reduce landfill waste.

AI-Driven Automation Enhances Textile Recycling Efficiency and Sustainability: Automation is the new trend in textile recycling, and it is based on the requirement for efficient, scalable solutions to handle the growing textile waste. The EU aims to collect 16 million tons of textile waste every year by 2025, which speaks for itself. Material complexity is a challenge due to different types of fibers and labeling. Innovations such as PICVISA's automated sorting systems using AI and robotics improve efficiency, reduce costs, and enhance accuracy, pushing industrial-scale textile recycling and sustainability forward.

Asia Pacific is the leading and fastest growing region in the Global Textile Recycling Market, with USD 3.3 Billion in 2024 and expected to reach USD 6.1 Billion by 2032, with an exceptional CAGR of 7.9%. This is primarily attributed to the region's well-developed manufacturing base, augmented government support for environmentally friendly practices, and consumers' growing awareness of the significance of waste reduction. Textile manufacturing centers, and economical recycling facilities ensure that it is the region of choice for recycling units. Supportive policies of countries like China and India, where the government ensures recycling practice and environmental sustainability, make this market very attractive for growth.