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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Recycled Textile Market Share
The market growth of recycled textiles across the Asia Pacific is holding a substantial share on account of the rising recycled textile demand from economies like India, China, and Australia in the region. This emergence of the used clothes processing market in India has largely helped charities, especially in Africa, which is driving the recycled textile market across the region. Moreover, the growing textile and clothing industry coupled with the surging population in the region and expansion strategies by various market players in the region is further propelling the growth of the recycled textile market in the Asia Pacific.
Recycled Textile Market Report Snapshots
Recycled Textile Market Growth
Recycled Textile Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global recycled textile market attained a value of nearly USD 5.36 billion.
The global recycled textile market is assessed to grow at a CAGR of 2.8% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 6.87 billion by 2032.
The major market drivers are increasing population, changing lifestyles, growing environmental concerns, rapid urbanisation and innovative marketing strategies employed by market players.
The key market trends include the growing fashion trends, evolving technology and the launch of a diversified recycled textile by market players.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The various types of recycled textiles that are available in the market include recycled cotton, recycled wool, recycled polyester, and recycled nylon, among others.
The major market divisions, based on end use, include automotive, retail, mining, and building and construction, among others.
The competitive landscape consists of Leigh Fibers Inc., Evrnu Technologies, Martex Fiber, Re:NewCell AB, Boer Group, and Khaloom Textiles India Pvt. Ltd., among others.
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