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Textile Recycling Market Share

Report ID: GMI5569
Published Date: Apr 2023
Report Format: PDF

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Textile Recycling Market Share

Lenzing AG
Hysong TNC
Birla Cellulose
Unifi INC
Renewcell
Textile Recycling International
Patagonia Inc
Leigh Fibers
The Woolmark Company and Martex Fiber

are some of the key participants involved in the textile recycling market. These firms are engaging in business expansion tactics such as the development of new subdivisions, acquisitions, and partnerships with government agencies.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of textile recycling valuation at USD 5.72 billion in 2023 and is primed to progress at over 4% CAGR between 2024 and 2032 propelled by accelerating fast-fashion trends and increasing awareness regarding carbon footprint.

The polyester segment is poised to garner a valuation of around USD 4 billion by 2032 as a result of the growing popularity of polyester-based athletic wear and other performance fabrics.

The home furnishing end-use segment is anticipated to exceed USD 1 billion by 2032 owing to the wide applicability of textiles in a variety of products such as curtains, bedding, upholstery, and carpets.

Asia Pacific market is set to reach USD 2.5 billion by 2032 attributable to increased consumer awareness regarding the environmental impact of textile waste in the region.