Textile Recycling Market Analysis

Textile Recycling Market Analysis

In terms of technology, the textile recycling market from the mechanical recycling segment is primed to be worth USD 5.5 billion by 2032. Mechanical recycling decreases the demand for virgin materials and diverts textile waste out of landfills, proving to be an effective and environmentally responsible approach to developing new textiles. It also uses less water, and limited chemicals, and enables a controlled machinery installation footprint, accelerating the segment expansion.

Polyester textile recycling market is poised to reach USD 4 billion By 2032, owing to the growing popularity of polyester-based athletic wear and other performance fabrics, the report claims. According to studies, the U.S. manufactures nearly 1.4 million tons of polyester every year, next in line after China. Eastman Chemical Company and William Barnet & Son are two leading American polyester producers.
 

Based on waste, the textile recycling market from the pre-consumer waste is predicted to witness around 3.5% CAGR between 2023 and 2032. The mounting post-production waste formed by factory outlets, including the materials and products that do not meet quality standards, is encouraging companies to join hands, thereby stimulating segment expansion.
 

The textile recycling market from the home furnishing end-use segment is estimated to cross USD 1 billion by 2032 on account of the wide applicability of textiles in home furnishing as they are used to build a variety of products such as curtains, bedding, upholstery, and carpets. Recycled printed and woven fabrics are frequently utilized to make decorative furnishings such as throw pillows and blankets, driving the demand for textile recycling. As per the Sustainable Furnishings Council survey, homeowners aged above 60 are willing to pay 10% more for recycled fabrics for furnishings.
 

By source, the textile recycling market size from the apparel waste segment is foreseen to exceed USD 4.5 billion by 2032. Apparel waste is created with the growing textile waste generated from the production and consumption of apparel, which can be derived from various sources, including discarded garments, manufacturing scraps, and unsold inventory. The popularity of recycled fashion and thrifting in line with increasing environmental consciousness is complementing source preference. A recent research study about U.S. retailers’ sourcing strategies found that most retailers were interested in sourcing apparel from recycled textiles that were made locally.
 

Asia Pacific textile recycling market is anticipated surpass USD 2.5 billion by 2032. The region may emerge as a major hub for this industry owing to increased consumer awareness regarding the environmental impact of textile waste. This is augmenting the demand for more sustainable practices and products across the APAC region. In 2022, China announced its target to achieve two million tons of textile recycling by 2025 as part of its climate change plans.