According to Fortune Business Insights the global textile recycling market size was valued at USD 5.76 billion in 2023. The market is projected to grow from USD 6.08 billion in 2024 to USD 8.49 billion by 2032 at a CAGR of 4.3% during the forecast period.
Textile recycling incorporates discarded or used clothing, apparel, and fibrous material from eco-friendly and reusable products. The increase in the utilization of recycled fiber blends in end-use applications is accelerating market growth. Newly invented recycling processes, including recycled fiber blends and closed-loop recycling, have been opted for by textile recycling companies to reduce the pressure on waste management.
Fortune Business Insights™ provides this information in its research report, titled “Textile Recycling Market, 2025-2032”.
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List of Key Players Mentioned in the Report:
Textile Recycling Market Segmentation Analysis:
Polyester & Polyester Fiber Segment Dominated Due to Ease of Recycling
With respect to material type, the market is categorized into nylon & nylon fibers, cotton, polyester & polyester fiber, wool, and others. The polyester & polyester fiber segment registered the largest market share in 2023. The recycling of polyester is easy and it can be used in combination with other materials to produce yarn. This factor is bolstering the polyester & polyester fiber segment growth.
Less Maintenance Cost Incurred by Mechanical Process to Fuel Segment Growth