Composites and Advanced Materials

According to a market report by Lucintel, the future of the textile recycling market looks promising with opportunities in the apparel, home furnishings, and industrial & institutional sectors. The global textile recycling market is expected to reach an estimated $8.8 billion by 2028 with a CAGR of 4.3% from 2023 to 2028. The major drivers for this market are increasing need to reduce dependence on virgin fibers, growing environmental concern towards production of waste, and rising awareness about reducing greenhouse gas emissions.



In this market, cotton, polyester & polyester fiber, wool, and nylon & nylon fiber are the major segments of textile recycling market by material. Lucintel forecasts that polyester & polyester fiber will remain the largest segment over the forecast period due to the huge demand for this fabric owing to its heat sensitivity, extreme stain resistance, and ease of cleaning properties.

Within this market, apparel is expected to remain the largest segment due to the rising disposable income and enormous demand for recycling textiles, such as worn out jeans and processed manufacturing left overs that are

being turned into pulp.



APAC will remain the largest region due to the growing consumer awareness, rising demand in local clothing brands made from recycled materials, and presence of largest hub of textile and garment industry in China.



Lenzing, Birla Cellulose, HYOSUNG TNC, Unifi, and Patagonia are the major suppliers in the global textile recycling market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global textile recycling market by material, textile waste, distribution channel, process, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Textile Recycling Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global textile recycling market by material, textile waste, distribution channel, process, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the textile recycling market by material (cotton, polyester & polyester fiber, wool, nylon & nylon fiber, and others), textile waste (pre-consumer and post-consumer), distribution channel (online and retail & departmental stores), process (mechanical and chemical), end use industry (apparel, home furnishings, industrial & institutional, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?