The clothing recycling market is expected to reach a value of US$ 6,491.0 million by the end of 2023. With increasing awareness about the circular economy movement, the demand for clothing recycling is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.9% until 2033. The overall acceptance and utilization of clothing recycling methods remain high, with an estimated value of US$ 18,265.4 million by 2033.
One of the prominent trends in textile recycling is sustainability, which holds the top position. Sustainability has become a key focus due to significant environmental challenges. Initiatives aimed at reducing carbon footprints are advocating for the adoption of textile recycling as a viable solution.
Request a Sample Report and Explore New Growth Opportunities Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-15448
Many companies that recycle are starting to tell people more about recycling clothes. They’re doing this with programs where they pick up old and worn-out clothes right from homes doorsteps. So, let’s spread the word about reusing old clothes. These companies are also using special ways to get clothes from people who have already used them by putting cloth boxes in public places like parks, roads and shopping centers.
Advancing technology and equipping processing units with newly upgraded automation processes are expected to further stimulate market growth. The European Commission-led eco-innovation initiative called Textile for Textile (T4T) is a good case in point. This initiative has introduced near-infrared (NIR)-spectroscopy technology to execute automated sorting applications in the recycled textile sector.
The advent of eco-clothes that are composed of recycled fabrics, plastics, and other raw materials is also catering to the market growth of clothing recycling. Companies are making decisive and concerted efforts in the direction of sustainability to make circularity a new standard in the fashion and apparel industry.
Garments’ new future involves using recycled materials that can be recycled more than once.
Top Highlights from the FMI’s Analysis of the Clothing Recycling Market:
- Demand for clothing recycling in Europe is overriding that of other regions. The region acquired a 25.7% market share in 2022.
- North America is following in the tracks of Europe, following behind with almost 2%. In 2022, North America captured 23.9% share of the overall market.
- The United States acquired 19.4% of the overall market share in the historical period.
- The German market gained 6.5% of the global market in 2022.
- The Japanese market acquired 4.3% of the global market in 2022.
- India is projected to observe explosive growth in the forecast period, expanding at a CAGR of 14.6%.
- China is expected to register a CAGR of 12.4% in the forecast period.
- The United Kingdom is estimated to pace at a CAGR of 9.4% over the estimated time-period.
- By clothing type, the polyester segment is projected to gain more than 35.4% value share over the forecast period.
- In 2022, the apparel segment gained a 29.5% market share.
Request the Full Report Methodology Now!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15448
Key Players
Other 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
Keeping up with the New Innovations in Clothing Recycling Industry:
- In March 2023, Re/DRESS, an entirely recycled/ upcycled textile fashion brand, was introduced in Dhaka. Thought innovation and development of fashion products by Re/DRESS happen in Bangladesh. The brand offers a unisex collection made of breathable, soft knit, and woven textiles made of almost 100% recycled plastic bottles and cotton waste. As a social enterprise, it promotes responsible fashion.
- In May 2022, Shein, a global e-retailer of fashion, lifestyle, and beauty products, unveiled evoluSHEIN, which is a recycled clothing line. Underpinned by responsibly-sourced materials and inclusive sizing, the latest line is proving itself as an affordable option for customers practicing deliberate and eco-conscious shopping. The debut of evoluSHEIN observed recycled polyester, made of plastic waste, as a key feature. Customers further support Vital Voices, a leading NGO that financially supports women leaders, by shopping for evoluSHEIN clothing.
- In April 2023, Zara, a Spanish retail clothing chain, partnered with Circ, which is a fashion technology firm that upcycles textile waste. The aim of this partnership, as revealed by these firms, is to offer a recycled textile women’s capsule collection. The recycled textile is sourced from polycotton textile waste. The collection is presently distributed in 11 markets.
- In January 2022, Rent the Runway introduced a project to reprocess fast fashion garments. The program is part of their anti-fast fashion campaign popularized as “Fast Fashion Free”. For this initiative, the company aimed its resources to gather “unwearable” and cast-off fast fashion products and recycle them in January. The recycled clothing is expected to be transformed into an insulation material for new buildings and houses.
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/15448
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
- Middle East and Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
