Textile Recycling Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2024 to 2031)

Global textile recycling market is anticipated to grow at a moderate CAGR of 3.9% during the forecast period (2024-2031). The increasing awareness and concern regarding environmental sustainability is a key factor driving the global textile recycling market. Due to demand from consumers, brands are also understanding the necessity of implementing sustainable practices. Recycled textiles offer a waste-free alternative to satisfy market demand for textiles while protecting the environment. For instance, according to the earth.org, 92 million tonnes of textile waste is produced every year. Government policies on textile recycling and a focus on circular economy models also foster textile recycling industry expansion.

ERP (European Recycling Platform), a pan-European organization that deals throughout the country with the regulation-compliant management of waste electrical and electronic equipment, batteries and accumulators, has announced the establishment of the ERP Italia Textile Consortium in anticipation of the entry into force of the new European directive for the proper recycling of textile waste. The goal of the project is to achieve 50% recycling of Italy’s textile waste by 2035.

This non-profit entity aims to ensure the management of compliance obligations in textile waste management as defined under the Extended Producer Responsibility Principle (EPR) and other obligated entities operating in Italy. This is the first Italian textile waste recycling consortium with a truly European scope. Precisely because of its membership in a global group spread across 18 countries with 41 collective collection systems, the Consortium can play a crucial role in making the sector more sustainable, considering that the amount of textile waste such as garments, home furnishing fabrics and footwear is expected to increase by +63% by 2030. 

To Request a Sample of our Report on Textile Recycling Market: https://www.omrglobal.com/request-sample/textile-recycling-market 

Market Coverage

The market number available for – 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

·        By Material

·        By Textile Waste

·        By Process

·        By End-User

Regions Covered-

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

Competitive Landscape- includesinclude Lenzing Group, Birla Cellulose, BLS Ecotech, The Woolmark Company, iinouiioLitd., Ecotex Group, among others.

Textile Recycling Market Report Segment

By Material

•                 Cotton

•                 Polyester 

•                 Wool

•                 Polyamide

•                 Nylon

By Textile Waste

•                 Pre-consumer

•                 Post-consumer

By Process

•                 Mechanical

•                 Chemical

By End-User

•                 Automotive Waste

•                 RetailWaste

•                 MiningWaste

•                 Building & Construction Waste

•                 Apparel Waste

•                 Home Furnishings Waste

•                 Industrial Waste

A full Report of Textile Recycling Market is Available @  https://www.omrglobal.com/industry-reports/textile-recycling-market

Textile Recycling Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 Boer Group

•                 Ecotex Group

•                 Green City Recycling Ltd.

•                 Hyosung Group

•                 icollect

•                 iinouiioLitd.

•                 Jeplan, Inc.

•                 Martex Fiber

•                 Onward Kashiyama 

•                 PistoniS.r.l

•                 RE TEXTIL

•                 RenewCell

•                 Textile Recycling International, 

•                 The Boer Group

•                 Unifi Inc.

•                 Uniqlo 

•                 Zhejiang Jiaren New Materials

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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/textile-recycling-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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Contact Person: Mr. Anurag Tiwari

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