SHERIDAN, WYOMING, UNITED STATES, July 14, 2022 /EINPresswire.com/ -- 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 involves recovering, reusing, and reprocessing clothes, scarps, or waste fibrous materials into various usable and functional products. It includes collecting, sorting, processing, shredding, cleaning, blending, and spinning non-durable goods, furniture, tires and footwear as some of the standard methods. Textile recycling can be performed using various materials, such as cotton, polyester, wool, and nylon. It reduces the pressure of procuring unused raw materials, inhibits energy consumption, decreases landfill space requirements, and lowers pollution levels.
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/textile-recycling-market/requestsample
Market Trends and Drivers:
The global textile recycling market is primarily driven by the increasing energy consumption and rising environmental concerns and awareness of the detrimental effects of waste insertion and discharge by industries. Additionally, the implementation of numerous recyclable programs and green initiatives by governments focusing on promoting the uptake of recycled materials while ensuring waste management are propelling the market growth. Moreover, significant technological advancements, including the installation of automated machines for reprocessing textiles at lower operational costs, are impelling the market growth. Besides this, the establishment of waste treatment solutions and strategic collaborations amongst key players to introduce sustainable clothes are contributing to the market growth.
Note: 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.
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.
Competitive Landscape with Key Players:
Anandi Enterprises
American Textile Recycling
Boer Group Recycling Solutions
I: Collect
Infinited Fiber Company
Patagonia
Prokotex
Pure Waste Textiles
Retex Textiles Inc.
Unifi 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.
Breakup by Product Type:
Cotton Recycling
Wool Recycling
Polyester & Polyester Fibre Recycling
Nylon & Nylon Fibre Recycling
Others
Breakup by Textile Waste:
Pre-consumer Textile
Post-consumer Textile
Breakup by Distribution Channel:
Online Channel
Retail & Departmental Stores
Breakup by End Use:
Apparel
Industrial
Home Furnishings
Non-woven
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Buy Full Report with TOC & List of Figures: https://www.imarcgroup.com/textile-recycling-market
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) 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:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive 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 a part of the customization.
Related Report:
India Facility Management Market: https://www.imarcgroup.com/india-facility-management-market
Indian Access Control Market: https://www.imarcgroup.com/indian-access-control-market
Indian Shrimp Market: https://www.imarcgroup.com/indian-shrimp-market
Video Streaming Market: https://www.imarcgroup.com/video-streaming-market
Smartwatch Market: https://www.imarcgroup.com/smartwatch-market
Champagne Market: https://www.imarcgroup.com/champagne-market
Hexamine Market: https://www.imarcgroup.com/hexamine-market
Urea Market: https://www.imarcgroup.com/urea-market
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.
Elena Anderson
IMARC Services Private Limited
+ 16317911145
email us here
