Clothing Recycling Market Size to be Valued at US$ 5.8 Mn in 2022 and 10.7% CAGR

The clothing recycling market size to be valued at US$ 5.8 Mn in 2022. All-in-all, the demand for clothing recycling is likely to remain strong with an anticipated valuation of US$ 16 Bn by 2032Owing to the growing awareness pertaining to the circular movement, the adoption of clothing recycling is likely to grow at a CAGR of 10.7% through 2032.

The most prominent trend in recycling clothing is sustainability. Businesses working in the field are starting campaigns to raise public awareness of the pollution and landfill area clogging effects of used textiles in response to the recent surge in interest in sustainability brought on by environmental concerns and the irreversible effects of global warming.

Adoption of clothing recycling techniques is regarded as another effective defence against the fashion trends’ rapid evolution. Active circular movements are present in the recycling of used clothing, shoes, and furniture. Because of this, both major industry players and small-scale fashion hubs are embracing the trend of recycling clothing.

The exclusive report on clothing recycling also sheds light on the key opportunities available in the market. Among the other lucrative opportunities, manufacturers are cashing in on the demand arising from the retail sector. Since the retail sector is inclusive of apparels and several other sub-domains that heavily reply on the textile industry, the sector is likely to remain a key revenue-generating channel for the market. Besides retail, revenue prospects are anticipated to remain strong from the automotive industry.

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Aesthetics to be a key driver that generates demand for recycled textiles in the automotive industry. Hence, with recycled textiles making up for a considerable value, auto makers can bring down the cost of their overhead by investing in recycled textile over new textile.

Key Takeaways

  • Stringent regulations pertaining to environment conservation in the Europe to keep the region’s dominance high with an anticipated share of 26% in 2022.
  • The historical performance of clothing recycling market was relatively lower with a CAGR of 6.6% during 2017-2021. The increasing awareness about clothing recycling and technological innovation facilitating the ease of repurposing is likely to improve the growth rate of the market with a CAGR of 10.7% through 2032.
  • Retail sector is anticipated to be the key end-use industry through 2032.
  • Recycled polyester, with its durability and strength, is likely to remain the preferred recycled clothing type during the forecast period.
  • Asia Pacific is likely to be the fastest-growing clothing recycling market during the forecast period.

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Key Segments

By Type:

  • Cotton Recycling
  • Nylon Recycling
  • Wool Recycling
  • Polyester Recycling
  • Other Fiber Recycling

By End-use:

  • Apparel
  • Industrial
  • Home Furnishings
  • Non-woven
  • Other

By Waste Type:

  • Pre-consumer
  • Post-consumer

By Recycling Type:

  • Mechanical Recycling
  • Chemical Recycling

By Distribution Channel:

  • Online Channel
  • Retail & Departmental Store

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Competitive Landscape

Some of the key players operating in the clothing recycling market include Worn Again Technologies, Evrnu SPC, Carbios, I:Collect GmbH, Renewcell, Fabscrap, Infinited Fiber Company, PurFi Global LLC, MUD Jeans International B.V., CuRe Technology, Birla Cellulose, and others. There are numerous new entrants as well in the clothing recycling market, who have a keen eye on innovation in the industry. In addition to this, key players are trying to partner with key fashion brands for a long-term supplier-manufacturer deal.

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