The global textile recycling market is set to grow from $6.9 billion in 2022 to $9.4 billion by 2027, expanding at a CAGR of 6.4%, according to a latest market report. The rising demand for sustainable practices and the increasing production of textile waste are key drivers fueling market growth.
Growing Need for Textile Recycling
The shortening lifespan of garments has led to a surge in textile and clothing waste. Improper disposal methods such as landfilling and incineration contribute to greenhouse gas emissions, posing serious environmental threats. Organizations like EPA and SMART emphasize that textile recycling plays a crucial role in reducing carbon footprints while driving economic growth. Innovations in recycling technologies and sustainable textile processing are expected to further accelerate market expansion.
Key Industry Players
Leading companies driving advancements in textile recycling include:
- Lenzing AG (Austria)
- Birla Cellulose (India)
- HYOSUNG TNC (South Korea)
- Unifi, Inc. (US)
- Patagonia, Inc. (US)
- …and many more
Circular Economy: A Game Changer for the Textile Industry
The increasing shift toward a circular textile economy is opening new opportunities for market growth. Brands worldwide are adopting sustainable materials, increasing recycled content, and reducing waste. The textile and apparel industry is projected to consume up to 25% of the global carbon budget by 2050, making recycling initiatives critical in reducing emissions and preserving resources.
Market Segmentation & Regional Insights
Apparel Industry Leads in Textile Recycling
The apparel sector dominates the textile recycling market, driven by rising disposable incomes and economic growth. Recycled materials from worn-out clothing, production scraps, and post-consumer waste are increasingly repurposed into new fabrics and dissolving pulp.
Asia-Pacific: The Fastest-Growing Market
Asia-Pacific is projected to be the largest and fastest-growing region in textile recycling, with countries like China, India, Japan, and South Korea leading the market. The region’s strong industrial base, increasing environmental awareness, and depletion of raw materials are pushing demand for sustainable textile practices.
As the industry moves toward sustainable solutions, textile recycling will play a pivotal role in reshaping the future of fashion and textiles.
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