The global textile recycling market size was valued at USD 5.76 billion in 2023. The market is projected to grow from USD 6.08 billion in 2024 to USD 8.49 billion by 2032 at a CAGR of 4.3% during the forecast period.
Textile recycling is the process that deploys discarded or used apparel, clothing, and fibrous material from eco-friendly and reusable products. The growing consumption of recycled textile products in the end-use industry, coupled with the increasing awareness of sustainable production, is augmenting market expansion.
Fortune Business Insights™ provides this information in its research report, titled “Textile Recycling Market, 2025-2032”.
List of Key Players Mentioned in the Report:
- LENZING AG (Austria)
- Birla Cellulose (India)
- Brandeur (India)
- The WoolMark Company (Australia)
- iinouiio Ltd (England)
- ECOTEX COLLECT (Bulgaria)
- The Boer Group (Netherlands)
- UNIFI, Inc., (U.S.)
- Hyosung Group (South Korea)
- Martex Fiber (U.S.)
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Segmentation:
Usage of a Huge Amount of Polyester by a Large Population to Spur thePolyester & Polyester Fiber Segment Growth
In terms of material type, the market is divided into wool, polyester & polyester fiber, nylon & nylon fibers, cotton, and others. The polyester & polyester fiber segment accounted for the largest textile recycling market share in 2023. The consumption of a huge amount of polyester in the form of disposable bottles, tires, and other home-furnishing products by a large population is fostering the polyester & polyester fiber segment expansion.
Flourishing Machinery & Equipment Sector to Drive the Mechanical Segment Expansion
By process, the market is bifurcated into chemical and mechanical. The mechanical segment registered the largest share in 2023. The expansion of the machinery & equipment sector is boosting the mechanical segment growth.
Apparel Waste Segment Dominated Due to the Large Waste Generation Amount
With respect to end-use industry, the market is divided into home furnishing waste, apparel waste, and others. The apparel waste segment captured the largest share in 2023. The large amount of waste generated by the rising population globally is propelling the growth of the apparel waste segment.
From the regional perspective, the market is classified into Asia Pacific, Latin America, the Middle East & Africa, Europe, and North America.
Drivers and Restraints:
Growing Use of Recycled Fiber Blends to Accelerate Market Growth: A major driver for the textile recycling market is the increasing deployment of recycled fiber blends across end-use applications. These blends are cost-effective and eco-friendly, making them highly suitable for manufacturing casual apparel such as sleepwear, t-shirts, and sweatshirts.
Q: Why are recycled fiber blends gaining popularity?
A: Because they reduce manufacturing costs, minimize environmental impact, and meet growing consumer demand for sustainable products.
Challenge: Hazardous Chemicals in Recycling Process: Despite the benefits, the use of hazardous chemicals during textile recycling poses a restraint to market growth. These chemicals can have adverse effects on both the environment and workers’ health, which may hinder large-scale adoption.
Q: What is a key challenge faced by the textile recycling market?
A: The potential environmental and health risks associated with hazardous chemicals used in recycling processes.
Regional Insights:
Asia Pacific Dominates the Market: Asia Pacific led the global textile recycling market in 2023, valued at USD 2.59 billion. Countries such as China and India generate a massive volume of textile waste, driving numerous recycling projects across the region.
Q: Why does Asia Pacific hold the largest share?
A: Due to high textile waste generation and the growing number of recycling initiatives in major economies like China and India.
Europe Witnessing Rapid Growth: Europe is experiencing strong growth, supported by increasing awareness campaigns and rising demand for sustainable textiles. The push for circular economy practices further fuels the adoption of recycled fabrics.
Competitive Landscape:
Focus on Product Innovation and Strategic Collaborations: Leading companies such as Birla Cellulose, iinouiio Ltd, The WoolMark Company, and LENZING AG are focusing on joint ventures, partnerships, mergers, and acquisitions to strengthen their market presence. Many players are also investing heavily in product innovation to introduce better-quality recycled fibers and capture a larger share of the market.
Q: How are key players strengthening their positions?
A: Through mergers, acquisitions, partnerships, and launching innovative recycled textile products.
Key Industry Development:
October 2023 – Birla Cellulose announced the release of the eco-friendly circular yarn blend. The product is meant for newly manufactured textile products, including pants, t-shirts, and other clothing products.
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