Global Textile Recycling Market Size 2021-2026: Report Industry Trends, Share, Growth, Opportunities and Forecast
SHERIDAN, WYOMING, UNITED STATES, October 19, 2021 /EINPresswire.com/ – According to the latest IMARC group report, entitled “Textile recycling market share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026 “, the global textile recycling market reached a value of approximately US $ 5 billion in 2020. For the future, IMARC Group expects that the global market shows moderate growth in 2021-2026.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Textile recycling refers to the reprocessing and reuse of old clothing, pumps and fibrous waste. These materials are typically salvaged from carpets, furniture, tires, discarded clothing, and other non-durable goods, such as towels and sheets. Recycling of textiles offers various economic benefits, such as reducing dependence on virgin fibers, reducing the use of chemical dyes, reducing pollution of water and soil, etc. It has become an effective method to ensure sustainable practices in the garment industry. Textile recycling also finds many applications in several other end-use industries including retail, furniture, automotive, construction, construction, mining, etc.
Growing environmental concerns regarding the detrimental impact of waste incineration, depletion of raw materials, heavy industrial discharges from textile factories, etc., are mainly driving the textile recycling market. In addition, the increasing production of synthetic and polyester fabrics has led to high levels of greenhouse gas emissions, thus increasing the need for recycled fabrics and catalyzing the growth of the market. In addition to this, the growing public awareness regarding the importance of recycling old clothes and the increasing number of collection bins for sorting clothes are increasing the global market. In addition, the introduction of home collection programs for old clothes by recycling companies is acting as another important growth factor. Apart from this, the growing popularity of eco-friendly clothing, which is made up of recycled plastics, textiles and other organic raw materials, is expected to fuel the textile recycling market during the forecast period.
Competitive Analysis and Segmentation of Textile Recycling Market 2021-2026:
Competitive landscape with key players:
The competitive landscape of the global textile recycling market has been studied in the report along with the detailed profiles of the major players operating in the market.
Competitive landscape with key players:
Recycling of American textiles
Recycling solutions from the Boer group
Infinite Fiber Company
Pure textile waste
Textiles Retex inc.
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.
Breakdown by product type:
Recycling of polyester and polyester fibers
Nylon and nylon fiber recycling
Breakdown by textile waste:
Breakdown by distribution channel:
Retail stores and department stores
Breakdown by end use:
Breakdown by region:
Middle East and Africa
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/textile-recycling-market
Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Market drivers and success factors
The impact of COVID-19 on the global market
Value chain analysis
Global market structure
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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