Global textile recycling market is anticipated to grow at a moderate CAGR of 3.9% during the forecast period (2024-2031). The increasing awareness and concern regarding environmental sustainability is a key factor driving the global textile recycling market. Due to demand from consumers, brands are also understanding the necessity of implementing sustainable practices. Recycled textiles offer a waste-free alternative to satisfy market demand for textiles while protecting the environment. For instance, according to the earth.org, 92 million tonnes of textile waste is produced every year. Government policies on textile recycling and a focus on circular economy models also foster textile recycling industry expansion.
Browse the full report description of “Textile Recycling Market Size, Share & Trends Analysis Report By Material (Cotton, Polyester, Wool, Polyamide and Nylon), By Textile Waste (Pre-consumer and Post-consumer), By Process (Mechanical, Chemical, By End-User (Automotive Waste, Retail Waste, Mining Waste, Building & Construction Waste, Apparel Waste, Home Furnishings Waste, and Industrial Waste) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/textile-recycling-market
ERP (European Recycling Platform), a pan-European organization that deals throughout the country with the regulation-compliant management of waste electrical and electronic equipment, batteries and accumulators, has announced the establishment of the ERP Italia Textile Consortium in anticipation of the entry into force of the new European directive for the proper recycling of textile waste. The goal of the project is to achieve 50% recycling of Italy’s textile waste by 2035.
This non-profit entity aims to ensure the management of compliance obligations in textile waste management as defined under the Extended Producer Responsibility Principle (EPR) and other obligated entities operating in Italy. This is the first Italian textile waste recycling consortium with a truly European scope. Precisely because of its membership in a global group spread across 18 countries with 41 collective collection systems, the Consortium can play a crucial role in making the sector more sustainable, considering that the amount of textile waste such as garments, home furnishing fabrics and footwear is expected to increase by +63% by 2030.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Material
o By Textile Waste
o By Process
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesinclude Lenzing Group, Birla Cellulose, BLS Ecotech, The Woolmark Company, iinouiioLitd., Ecotex Group, among others.
Key questions addressed by the report.
Global Textile Recycling Market Report Segment
By Material
By Textile Waste
By Process
By End-User
Global Textile Recycling Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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