Textile Recycling Market: Trends, Opportunities and Competitive Analysis [2023-2028]
Textile Recycling Market Trends and Forecast
The future of the textile recycling market looks promising with opportunities in the apparel, home furnishings, and industrial & institutional sectors. The global textile recycling market is expected to reach an estimated $8.8 billion by 2028 with a CAGR of 4.3% from 2023 to 2028. The major drivers for this market are increasing need to reduce dependence on virgin fibers, growing environmental concern towards production of waste, and rising awareness about reducing greenhouse gas emissions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Textile Recycling Market by Segment
The study includes a forecast for the global textile recycling market by material, textile waste, distribution channel, process, end use industry, and region, as follows:
Textile Recycling Market by Material [Value ($B) Shipment Analysis from 2017 to 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies textile recycling companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the textile recycling companies profiled in this report include.
Q1. What is the textile recycling market size?
Answer: The global textile recycling market is expected to reach an estimated $8.8 billion by 2028.
Q2. What is the growth forecast for textile recycling market?
Answer: The global textile recycling market is expected to grow with a CAGR of 4.3% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the textile recycling market?
Answer: The major drivers for this market are increasing need to reduce dependence on virgin fibers, growing environmental concern towards production of waste, and rising awareness about reducing greenhouse gas emissions.
Q4. What are the major segments for textile recycling market?
Answer: The future of the textile recycling market looks promising with opportunities in the apparel, home furnishings, and industrial & institutional sectors.
Q5. Who are the key textile recycling companies?
Answer: Some of the key textiles recycling companies are as follows:
Answer: Lucintel forecasts that polyester & polyester fiber will remain the largest segment over the forecast period due to the huge demand for this fabric owing to its heat sensitivity, extreme stain resistance, and ease of cleaning properties.
Q7. In textile recycling market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the growing consumer awareness, rising demand in local clothing brands made from recycled materials, and presence of largest hub of textile and garment industry in China.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the textile recycling market by material (cotton, polyester & polyester fiber, wool, nylon & nylon fiber, and others), textile waste (pre-consumer and post-consumer), distribution channel (online and retail & departmental stores), process (mechanical and chemical), end use industry (apparel, home furnishings, industrial & institutional, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to textile recycling market or related to textile recycling companies, textile recycling market size, textile recycling market share, textile recycling analysis, write Lucintel analyst at email: [email protected] we will be glad to get back to you soon.
The future of the textile recycling market looks promising with opportunities in the apparel, home furnishings, and industrial & institutional sectors. The global textile recycling market is expected to reach an estimated $8.8 billion by 2028 with a CAGR of 4.3% from 2023 to 2028. The major drivers for this market are increasing need to reduce dependence on virgin fibers, growing environmental concern towards production of waste, and rising awareness about reducing greenhouse gas emissions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Textile Recycling Market by Segment
The study includes a forecast for the global textile recycling market by material, textile waste, distribution channel, process, end use industry, and region, as follows:
Textile Recycling Market by Material [Value ($B) Shipment Analysis from 2017 to 2028]:
- Cotton
- Polyester & Polyester Fiber
- Wool
- Nylon & Nylon Fiber
- Others
- Pre-Consumer
- Post-Consumer
- Online
- Retail & Departmental Stores
- Mechanical
- Chemical
- Apparel
- Home Furnishings
- Industrial & Institutional
- Others
- North America
- Europe
- Asia Pacific
- The Rest of the World
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies textile recycling companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the textile recycling companies profiled in this report include.
- Lenzing
- Birla Cellulose
- HYOSUNG TNC
- Unifi
- Patagonia
- Lucintel forecasts that polyester & polyester fiber will remain the largest segment over the forecast period due to the huge demand for this fabric owing to its heat sensitivity, extreme stain resistance, and ease of cleaning properties.
- Apparel is expected to remain the largest segment due to the rising disposable income and enormous demand for recycling textiles, such as worn out jeans and processed manufacturing left overs that are being turned into pulp.
- APAC will remain the largest region due to the growing consumer awareness, rising demand in local clothing brands made from recycled materials, and presence of largest hub of textile and garment industry in China.
- Market Size Estimates: Textile recycling market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Textile recycling market size by various segments, such as by material, textile waste, distribution channel, process, end use industry, and region
- Regional Analysis: Textile recycling market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by material, textile waste, distribution channel, process, end use industry, and regions for the textile recycling market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the textile recycling market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Q1. What is the textile recycling market size?
Answer: The global textile recycling market is expected to reach an estimated $8.8 billion by 2028.
Q2. What is the growth forecast for textile recycling market?
Answer: The global textile recycling market is expected to grow with a CAGR of 4.3% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the textile recycling market?
Answer: The major drivers for this market are increasing need to reduce dependence on virgin fibers, growing environmental concern towards production of waste, and rising awareness about reducing greenhouse gas emissions.
Q4. What are the major segments for textile recycling market?
Answer: The future of the textile recycling market looks promising with opportunities in the apparel, home furnishings, and industrial & institutional sectors.
Q5. Who are the key textile recycling companies?
Answer: Some of the key textiles recycling companies are as follows:
- Lenzing
- Birla Cellulose
- HYOSUNG TNC
- Unifi
- Patagonia
Answer: Lucintel forecasts that polyester & polyester fiber will remain the largest segment over the forecast period due to the huge demand for this fabric owing to its heat sensitivity, extreme stain resistance, and ease of cleaning properties.
Q7. In textile recycling market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the growing consumer awareness, rising demand in local clothing brands made from recycled materials, and presence of largest hub of textile and garment industry in China.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the textile recycling market by material (cotton, polyester & polyester fiber, wool, nylon & nylon fiber, and others), textile waste (pre-consumer and post-consumer), distribution channel (online and retail & departmental stores), process (mechanical and chemical), end use industry (apparel, home furnishings, industrial & institutional, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to textile recycling market or related to textile recycling companies, textile recycling market size, textile recycling market share, textile recycling analysis, write Lucintel analyst at email: [email protected] we will be glad to get back to you soon.
1. EXECUTIVE SUMMARY
2. GLOBAL TEXTILE RECYCLING MARKET: MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2017 TO 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Textile Recycling Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Textile Recycling Market by Material
3.3.1: Cotton
3.3.2: Polyester & Polyester Fiber
3.3.3: Wool
3.3.4: Nylon & Nylon Fiber
3.3.5: Others
3.4: Global Textile Recycling Market by Textile Waste
3.4.1: Pre-Consumer
3.4.2: Post-Consumer
3.5: Global Textile Recycling Market by Distribution Channel
3.5.1: Online
3.5.2: Retail & Departmental Stores
3.6: Global Textile Recycling Market by Process
3.6.1: Mechanical
3.6.2: Chemical
3.7: Global Textile Recycling Market by End Use Industry
3.7.1: Apparel
3.7.2: Home Furnishings
3.7.3: Industrial & Institutional
3.7.4: Others
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2017 TO 2028
4.1: Global Textile Recycling Market by Region
4.2: North American Textile Recycling Market
4.2.1: North American Textile Recycling Market by Material: Cotton, Polyester & Polyester Fiber, Wool, Nylon & Nylon Fiber, and Others
4.2.2: North American Textile Recycling Market by End Use Industry: Apparel, Home Furnishings, Industrial & Institutional, and Others
4.3: European Textile Recycling Market
4.3.1: European Textile Recycling Market by Material: Cotton, Polyester & Polyester Fiber, Wool, Nylon & Nylon Fiber, and Others
4.3.2: European Textile Recycling Market by End Use Industry: Apparel, Home Furnishings, Industrial & Institutional, and Others
4.4: APAC Textile Recycling Market
4.4.1: APAC Textile Recycling Market by Material: Cotton, Polyester & Polyester Fiber, Wool, Nylon & Nylon Fiber, and Others
4.4.2: APAC Textile Recycling Market by End Use Industry: Apparel, Home Furnishings, Industrial & Institutional, and Others
4.5: ROW Textile Recycling Market
4.5.1: ROW Textile Recycling Market by Material: Cotton, Polyester & Polyester Fiber, Wool, Nylon & Nylon Fiber, and Others
4.5.2: ROW Textile Recycling Market by End Use Industry: Apparel, Home Furnishings, Industrial & Institutional, and Others
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Textile Recycling Market by Material
6.1.2: Growth Opportunities for the Global Textile Recycling Market by Textile Waste
6.1.3: Growth Opportunities for the Global Textile Recycling Market by Distribution Channel
6.1.4: Growth Opportunities for the Global Textile Recycling Market by Process
6.1.5: Growth Opportunities for the Global Textile Recycling Market by End Use Industry
6.1.6: Growth Opportunities for the Global Textile Recycling Market by Region
6.2: Emerging Trends in the Global Textile Recycling Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Textile Recycling Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Textile Recycling Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Lenzing
7.2: Birla Cellulose
7.3: HYOSUNG TNC
7.4: Unifi
7:5: PATAGONIA
2. GLOBAL TEXTILE RECYCLING MARKET: MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2017 TO 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Textile Recycling Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Textile Recycling Market by Material
3.3.1: Cotton
3.3.2: Polyester & Polyester Fiber
3.3.3: Wool
3.3.4: Nylon & Nylon Fiber
3.3.5: Others
3.4: Global Textile Recycling Market by Textile Waste
3.4.1: Pre-Consumer
3.4.2: Post-Consumer
3.5: Global Textile Recycling Market by Distribution Channel
3.5.1: Online
3.5.2: Retail & Departmental Stores
3.6: Global Textile Recycling Market by Process
3.6.1: Mechanical
3.6.2: Chemical
3.7: Global Textile Recycling Market by End Use Industry
3.7.1: Apparel
3.7.2: Home Furnishings
3.7.3: Industrial & Institutional
3.7.4: Others
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2017 TO 2028
4.1: Global Textile Recycling Market by Region
4.2: North American Textile Recycling Market
4.2.1: North American Textile Recycling Market by Material: Cotton, Polyester & Polyester Fiber, Wool, Nylon & Nylon Fiber, and Others
4.2.2: North American Textile Recycling Market by End Use Industry: Apparel, Home Furnishings, Industrial & Institutional, and Others
4.3: European Textile Recycling Market
4.3.1: European Textile Recycling Market by Material: Cotton, Polyester & Polyester Fiber, Wool, Nylon & Nylon Fiber, and Others
4.3.2: European Textile Recycling Market by End Use Industry: Apparel, Home Furnishings, Industrial & Institutional, and Others
4.4: APAC Textile Recycling Market
4.4.1: APAC Textile Recycling Market by Material: Cotton, Polyester & Polyester Fiber, Wool, Nylon & Nylon Fiber, and Others
4.4.2: APAC Textile Recycling Market by End Use Industry: Apparel, Home Furnishings, Industrial & Institutional, and Others
4.5: ROW Textile Recycling Market
4.5.1: ROW Textile Recycling Market by Material: Cotton, Polyester & Polyester Fiber, Wool, Nylon & Nylon Fiber, and Others
4.5.2: ROW Textile Recycling Market by End Use Industry: Apparel, Home Furnishings, Industrial & Institutional, and Others
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Textile Recycling Market by Material
6.1.2: Growth Opportunities for the Global Textile Recycling Market by Textile Waste
6.1.3: Growth Opportunities for the Global Textile Recycling Market by Distribution Channel
6.1.4: Growth Opportunities for the Global Textile Recycling Market by Process
6.1.5: Growth Opportunities for the Global Textile Recycling Market by End Use Industry
6.1.6: Growth Opportunities for the Global Textile Recycling Market by Region
6.2: Emerging Trends in the Global Textile Recycling Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Textile Recycling Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Textile Recycling Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Lenzing
7.2: Birla Cellulose
7.3: HYOSUNG TNC
7.4: Unifi
7:5: PATAGONIA
