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 is the process that deploys discarded or used apparel, clothing, and fibrous material from eco-friendly and reusable products. The growing consumption of recycled textile products in the end-use industry, coupled with the increasing awareness of sustainable production, is augmenting market expansion.
Fortune Business Insights™ provides this information in its research report, titled “Textile Recycling Market, 2025-2032”.
Tariff Impact Analysis for Textile Recycling Market:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/textile-recycling-market-109273
Segmentation:
Usage of a Huge Amount of Polyester by a Large Population to Spur thePolyester & Polyester Fiber Segment Growth
In terms of material type, the market is divided into wool, polyester & polyester fiber, nylon & nylon fibers, cotton, and others. The polyester & polyester fiber segment accounted for the largest textile recycling market share in 2023. The consumption of a huge amount of polyester in the form of disposable bottles, tires, and other home-furnishing products by a large population is fostering the polyester & polyester fiber segment expansion.
Flourishing Machinery & Equipment Sector to Drive the Mechanical Segment Expansion
By process, the market is bifurcated into chemical and mechanical. The mechanical segment registered the largest share in 2023. The expansion of the machinery & equipment sector is boosting the mechanical segment growth.
Apparel Waste Segment Dominated Due to the Large Waste Generation Amount
With respect to end-use industry, the market is divided into home furnishing waste, apparel waste, and others. The apparel waste segment captured the largest share in 2023. The large amount of waste generated by the rising population globally is propelling the growth of the apparel waste segment.
From the regional perspective, the market is classified into Asia Pacific, Latin America, the Middle East & Africa, Europe, and North America.
List of Key Players Mentioned in the Report: