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According to the latest report by IMARC Group, titled “Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global textile recycling market reached a value of US$ 5.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.86 Billion by 2027, exhibiting at a CAGR of 2.6% during 2022-2027.
Textile recycling represents the method of reprocessing and reusing old clothing, scraps, and fibrous waste materials. These materials are usually recovered from discarded clothes, carpets, furniture, tires, footwear, and other non-durable goods, such as towels and sheets. Textile recycling offers various environmental and economic benefits, including minimizing land and water pollution, reducing dependence on virgin fibers, curbing usage of chemical dyes, etc. As a result, it has emerged as an essential method for sustainability development in the apparel industry. On account of these benefits, recycled textiles have extensive applications across several end-use sectors, such as apparel, home furnishings, retail, automotive, mining, construction, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/textile-recycling-market/requestsample
Market Trends:
The growing production of synthetic and polyester fabrics has led to high emission levels of greenhouse gases, which is among the key factors stimulating the textile recycling market. Furthermore, the rising public awareness towards recycling old clothes and the inflating number of collection bins for cloth sorting are also propelling the market growth. Moreover, the launch of informative initiatives regarding textile recycling and the introduction of door-to-door pickup programs for old garments are further catalyzing the global market. Apart from this, the expanding adoption of innovative strategies for picking up post-consumer clothing materials by installing attractive cloth bins in public places, such as parking spaces, parks, shopping malls, walkways, and other high-visibility locations, is also driving the market growth. Besides this, the increasing penetration of automation in the recycled textile industry is expected to positively influence the textile recycling market in the coming years.
Textile Recycling Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global textile recycling market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the global textile recycling market on the basis of product type, textile waste, distribution channel, end use and region.
Breakup by Product Type:
Breakup by Textile Waste:
Breakup by Distribution Channel:
Breakup by End Use:
Breakup by Region:
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2101&flag=E
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
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Website: https://www.imarcgroup.com/
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