Textile Recycling Market by Material (Cotton, Polyester & Polyester Fibers, Wool, Nylon & Nylon Fibers), Textile Waste, Proces, Distribution, End-use Industry (Apparel, Home Furnishing, Industrial & Institutional), and Region - Global Forecast to 2027

1. Textile Recycling Market worth $9.4 billion by 2027 - Exclusive Report by MarketsandMarkets™

2. Scope of The Report
By Material
The research report categorizes the Textile Recycling Market to forecast the revenues and analys
e the trends in each of the following subsegments :
• Cotton
• Polyester & Polyester Fibers
• Wool
• Nylon & Nylon Fibers
And More…
• Apparel
• Home Furnishing
• Industrial & Institutional
By End-Use Industry
Browse in-depth TOC on “Textile Recycling Market”
235 - Tables
50 - Figures
217 - Pages

3. Key Segments & Report Highlights
South America is projected to be the second fastest in the textile recycling m
arket during the forecast period.
Based on region, North America is estimated to be the second largest mar
ket for textile recycling in 2021.
Polyester & polyester fiber is projected to register the highest CAGR
during the forecast period
Retail & departmental stores accounted for the largest market share
amongst distribution channel in the pharmaceutical packaging mark
et
Based on material, cotton is projected to be the second largest mark
et during the forecast period.
1
2
3
4
5

4. Textile Recycling Market Growth Rate
Textile Recycling Market Dynamics -
Driver: High emissions of greenhouse gases
Restrain: Usage of harmful chemical
Opportunity: Growing adoption of circular industry
Challenge: Fast fashion
Polyester & polyester fiber accounted for the largest share amongst other material in the textile recycling market
Post-consumer accounted for the largest market share amongst other textile waste in the textile recycling market
Chemical process is projected to account for the highest CAGR, in terms of value, during the forecast period
Online channel is expected to be the second largest textile recycling distribution channel in 2021 amongst others.
Apparel accounted for the largest market share amongst other end-use industry in the textile recycling market
Asia Pacific is projected to be the largest and fastest growing in the textile recycling market during the forecast period.
2027
Market Size of
$6.9 Billion
Market Size of
$9.4 Billion
2022

5. Infographics Repots

6. Key Vendors
• Lenzing AG (Austria)
• Birla Cellulose (India)
• HYOSUNG TNC (South Korea)
• Unifi, Inc. (US)
• Patagonia, Inc. (US)
Vendors in Textile Recycling Market Industry
View Report Here - https://www.marketsandmarkets.com/Market-Reports/textile-
recycling-market-17543449.html

7. Regions :
• North America
• APAC
• Europe
• Latin America
• MEA
The market size of textile recycling market is estimated to be USD
6.9 billion in 2022 and is projected to reach USD 9.4 billion by
2027, at a CAGRof 6.4%.
The growth of this market can
be attributed growingapparel
industry
The market growth in Asia
Pacific can be attributed to
the region’s strong
industrial base.
New product launch,
agreements, and investment &
expansion would offer
lucrative opportunities for
market players in the next 5
years.
USD Billion
6.9
CAGR
6.4%
of
2022-e 9.4 USD Billion
2027-p
Rapidly changingfashion and
high emission of greenhouse
gasesare contributing to the
growth of textile recycling
market
The market is also driven by
increasingtextile waste due to
decreased garment life

8. Recent Developments in Textile Recycling Market Industry
1. In October 2022, Lenzing AG partnered with CISUTAC (Circular and Sustainable Textile and Clothing)
a project co-founded by EU. By this partnership, Lenzing AG is focusing on scaling up the production
of recycling textile waste.
2. In March 2022, HYOSUNG TNC signed an agreement with TOPTEN, to work together for the develo
pment of good-quality eco-friendly products. HYOSUNG TNC will supply diverse eco-friendly material
using Regen and TOPTEN will introduce a collection of cost-effective, eco-friendly clothes using it, inc
luding activewear like Balance.
3. In November 2022, Renewcell has collaborated with Eastman, to develop Naia Renew ES yarns deri
ved from circulose, Renewcell’s recycled textile raw material.
4. In May 2022, the TRI Group acquired Soex UK, a Gatwick based collector of textiles with operations t
hroughout Britain. This acquisition has strengthened the company’s geographical footprint in Europe.

9. Research Coverage
This report provides detailed segmentation of the textile recycling market and fore
casts its market size until 2027. The market has been segmented based on materi
al, textile waste, distribution channel, process, end-use industry, and region. The r
eport also provides detailed information on company profiles and competitive strat
egies adopted by the key players to strengthen their positions in the market. The r
eport also provides insights into the driving and restraining factors in the textile rec
ycling market, along with opportunities and challenges across these industries. It
also includes profiles for top manufacturers in the market.

10. Reasons to buy the Textile Recycling Market Report
From an insight perspective, this research report focuses on various levels of ana
lyses - industry analysis (industry trends), market ranking of top players, and com
pany profiles, which together comprise and discuss the basic views on the compe
titive landscape; emerging and high-growth segments of the textile recycling mar
ket; high growth regions; and market drivers, restraints, opportunities, and challe
nges.

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