Textile Recycling Market Size, Share, Growth Analysis, By Material (Cotton, Polyester & Polyester Fiber), By Source (Apparel Waste, Home Furnishing Waste), By Region - Industry Forecast 2024-2031

Global Textile Recycling Market size was valued at USD 6.1 billion in 2022 and is poised to grow from USD 6.49 billion in 2023 to USD 10.66 billion by 2031, growing at a CAGR of 6.4% during the forecast period (2024-2031).

The textile recycling market is poised for substantial growth driven by escalating environmental concerns regarding textile waste and heightened social awareness around recycling practices. The Environmental Protection Agency (EPA) reports that textile waste constitutes 5% of U.S. landfill space, with approximately 25 billion pounds of textiles discarded annually. This urgency supports the demand for textile recycling, which provides sustainable alternatives to incineration and landfill disposal. Increased adoption of upcycling methods also bolsters market expansion. As one of the leading producers of textile products globally, the U.S. generates significant waste, with citizens discarding about 70 pounds of textiles each year. Growing consumer awareness, combined with a push for higher recycling rates-14.7% in 2018-indicates a robust future for textile recycling initiatives and a movement towards a circular economy.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Textile Recycling market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Textile Recycling Market Segmental Analysis

Global Textile Recycling Market is segmented by material, source, textile waste, distribution channel, process, end-use industry and region. Based on material, the market is segmented into cotton, polyester & polyester fiber, wool, nylon & nylon fiber and others. Based on source, the market is segmented into apparel waste, home furnishing waste and automotive waste. Based on textile waste, the market is segmented into pre-consumer and post-consumer. Based on distribution channel, the market is segmented into online and retail & departmental stores. Based on process, the market is segmented into mechanical and chemical. Based on end-use industry, the market is segmented into apparel, home furnishings and industrial & institutional. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Textile Recycling Market

The global textile recycling market is significantly driven by rising environmental concerns. There is an increasing awareness surrounding issues like resource depletion, pollution, and waste generation, which has led to a heightened demand for sustainable practices within the clothing industry. By promoting textile recycling, stakeholders can effectively address these concerns, as it plays a critical role in minimizing the environmental footprint of fashion. This process not only diverts textiles from landfills but also conserves valuable resources, thereby contributing to a more sustainable ecosystem. As consumers become more eco-conscious, the push for textile recycling will only continue to grow.

Restraints in the Global Textile Recycling Market

A significant constraint in the global textile recycling market is the insufficient infrastructure required for the effective collection, sorting, and processing of textile waste. The absence of well-established recycling facilities and collection systems hampers the industry's growth, as creating such infrastructure often involves considerable investment and lengthy timeframes. This infrastructural gap not only limits the volume of textiles that can be diverted from landfills but also affects the overall efficiency and effectiveness of recycling efforts, making it a formidable challenge for stakeholders striving to enhance sustainability within the sector. Addressing these infrastructural issues is crucial for advancing textile recycling initiatives.

Market Trends of the Global Textile Recycling Market

The Global Textile Recycling market is poised for significant expansion, driven by growing environmental concerns and heightened social awareness around textile waste. Current data indicates that textiles account for approximately 5% of landfill space, with the U.S. alone generating about 25 billion pounds of textiles annually. This alarming statistic is pushing consumers and companies alike to seek sustainable alternatives, notably through textile recycling and innovative strategies like upcycling, which enhance resource efficiency while mitigating environmental harm. As the industry embraces these practices, it stands to not only minimize waste but also contribute towards broader sustainability goals, marking a robust trend towards eco-friendly textile management practices.