Report Overview

The global textile recycling market size reached a value of around USD 5.90 billion in 2023. The market is expected to grow at a CAGR of 3.10% between 2024 and 2032, reaching a value of around USD 7.75 billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Textile Recycling Market Share

As per textile recycling market analysis, the cotton material segment holds a significant share of the textile recycling market and is anticipated to witness fast growth in the forecast period. Cotton is one of the main textile waste materials generated because of its high demand and widespread usage for apparel and other products. Meanwhile, it also indicates that the polyester and polyester fibre material segment is expected to register a significant CAGR during the forecast period. The growth of the polyester and polyester fibre sector is being fuelled by the surging usage of polyester and polyester fibre in the apparel industry, where companies have pledged to use more recycled polyester in place of ordinary polyester in clothes.

This is also attributed to the increase in textile recycling industry growth, mainly because of its mechanical process that breaks down textile fibres into filaments through shredding, and these filaments are then spun back into new yarns. Mechanical recycling is cost-effective and mostly used for natural fibres like cotton or wool. While still not as far along, but gaining ground quickly, is chemical recycling, which breaks down polyester and other synthetic fibres into their raw chemicals, allowing for more efficient recycling.

In the textile recycling market, the apparel sector stands out as the most prominent end user. The fast-paced fashion industry, characterised by frequent production cycles and high consumer demand, generates significant textile waste. With sustainability becoming a core concern for both brands and consumers, there is a growing emphasis on recycling clothing and adopting circular fashion practices. Brands are increasingly using recycled fibres to create eco-friendly collections, while consumers are more inclined to support second-hand and upcycled garments.

The industrial and institutional sectors, which include uniforms and linens from hospitals, hotels, and other large-scale operations, also contribute to textile recycling but on a smaller scale. Similarly, the home furnishings segment, involving products like curtains, upholstery, and bedding, plays a role, though the frequency of replacement is lower compared to apparel. Overall, the apparel sector leads the charge in driving demand of the recycled textiles market.

Textile Recycling Market Report Snapshots

Textile Recycling Market Size

Textile Recycling Market Share

Textile Recycling Market Analysis

Textile Recycling Companies

*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 textile recycling market attained a value of nearly USD 5.90 billion.

The market is projected to grow at a CAGR of 3.10% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching a value of around USD 7.75 billion by 2032.

The major drivers of the market include the increasing number of collection options for textile waste, rising penetration of automation in recycled textile, emergence of eco-clothes, and door-to-door pickup programs for old garments.

The increasing environmental concern about waste production and rising social awareness about textile recycling are the key trends propelling the growth of the market.

The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

By material, the market is divided into cotton, wool, polyester and polyester fibre, nylon and nylon fibre and others.

Recycling textiles lessens the requirement for newly produced fibres by reusing current textiles and fibres, thereby reducing usage of water, energy, dyes, and chemicals for production of new fibres.

The different textile wastes in the market are pre-consumer waste and post-consumer waste.

The competitive landscape consists of MASC Inc. (SuperCircle), Boer Group Recycling Solutions, Lenzing AG, Patagonia, Inc., Procotex Corporation, Unifi, Inc., H&M Hennes & Mauritz AB, Martex Fiber, Textile Recycling International, Ecotex Textilverwertung & Handel GmbH, and Grasim Industries Limited (Birla Cellulose), among others.

Based on end-use, the market is segmented into apparel, industrial and institutional, home furnishings and others.

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