About Textile recycling
Textile Recycling is the process of recovering fibre, yarn, or fabric and reprocessing it into useful products. Textile waste products are collected from various sources and then sorted and processed based on their condition, composition, and resale value. The end result of this processing can range from the production of energy and chemicals to the creation of new articles of clothing. Old clothing and other textiles are recovered for use or material recovery through the process of textile recycling. Reusing old clothing, rugs, fibrous materials, etc. is referred to as textile recycling. We can also recycle or reuse carpets, towels, shoes, clothing, sheets, blankets, and other items. Old clothes and fabrics are turned into new products by textile recyclers
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
With more number local and international competitors, the market for Textile recycling is very competitive. To increase their market share, the major players globally are trying out different approaches like product innovation and using different marketing strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Textile recycling market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Advanced Cooling (United States), Infinited Fiber Company (Finland), Storagenergy Technologies (United States), Matoha (United Kingdom), Worn Again (United Kingdom), EON.ID (United States), Pure Waste (Finland), Clothing Machinery – NPN (Turkey), SmartBin (Ireland) and Ambercycle (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Pure Waste Textiles (Finland), Bonded Logic (United States) and James Robinson Fibres (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Textile recycling market by Type (Polyester Recycling, Nylon Recycling, Cotton Recycling, Wool Recycling and Others), Application (Apparel, Automotive, Building & Construction and Other) and Region.
On the basis of geography, the market of Textile recycling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Textile recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Textile Waste, the sub-segment i.e. Pre-consumer Textile will boost the Textile recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Commercial will boost the Textile recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 12 May 2022 Textile Recycling International acquires Soex UK. According to TRI, the acquisition of Soex UK, which is part of a larger group, solidifies its position as the UK's leading recycling company for used clothing, shoes, and other textiles. Soex UK has over 8,000 local government, retail, and street collection points. It was known as the European Recycling Company
On 15 Jun 2022 Worn Again Technologies launches Swiss textile recycling ecosystem. The Swiss Textile Recycling is a network of fabric and textile manufacturers, waste collectors and sorters, retailers, brand owners, and technology providers. This Ecosystem as a means of coordinating sustainability efforts across the entire textile value chain and as the next step toward a green fashion industry
In European Union the Low Regarding textile recycling. and Waste grading system - It provides clear guidance for environmentally friendly textile waste treatment. Circular economy plan - Member states must introduce extended producer responsibility (EPR) policies.
Market Drivers
- The Growing Public Awareness Towards The Importance Of Recycling Old Clothes
- Heavy Industrial Discharges From Textile Mills
- Textile Recycling Help In Prevention Of Global Warming
Opportunities
- Growing Awareness Of Environmental Issues
- Rapid Urbanisation
- Increased Demand From Retail And Automotive Industry
Restraints
- Irregular And Limited Supply Of Fabric And Components.
- Increased Processing Cost And Low-Quality Product
Challenges
- Product Are May Not Performed As Expectation
- Good Products Are Not Guaranteed
Key Target Audience
Textile recycling manufacture, Textile recycling Provider, New Entrance, Vendor And Supplier, Government Bodies, Corporate and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.