Textile Recycling Market : Trends, Size and Share, Statistics and Segmentation by 2027

The global textile recycling market size is projected to reach USD 9.4 billion by 2027, at a CAGR of 6.4%. As the average life of a given garment gets shorter, there is an increase in the production of textile and clothing waste. Due to landfill disposal and the incineration process, which results in greenhouse gas emissions, this has a significant negative impact on the environment. According to EPA and SMART, recycling textiles significantly lowers greenhouse gas emissions, which stimulates economic growth. Furthermore, it is projected that innovations in recycling practises and ground-breaking research in the area will support market expansion.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17543449

Based on material, cotton is projected to be the second largest market during the forecast period.

Cotton is the most widely used fabric for apparel globally, and its manufacture has a significant environmental impact, notably on water supplies. Cotton accounts for half of the world's natural fiber consumption due to its inherent strength, durability, and absorbency. Cotton fabric recycling can be broadly described as the process of converting cotton fabric into cotton fibers that can be used in textile products.

Based on region, North America is estimated to be the second largest market for textile recycling in 2021.

North America accounted for the second largest share amongst other regions in the textile recycling market in 2021, in terms of value. The demand for textile recycling in North America is strong and steady due to the growth in the technical textile sector. The industry is growing due to the implementation of new techniques in textile sciences and stronger industry knowledge. Growth in technical textile is estimated to drive the market of textile recycling that are used in their fabrication. The car manufacturing industry is growing significantly in Mexico, which will directly impact the demand for industrial fabrics.

The key players in the textile recycling market include Lenzing AG (Austria), Birla Cellulose (India), HYOSUNG TNC (South Korea), Unifi, Inc. (US), and Patagonia, Inc. (US) among others. 

Lenzing AG is one of the global leaders in the manufacturing and distribution of fiber for textiles, nonwovens, and industrial application. The company has organized its operation through three segments: division fiber, division pulp, and others. Lenzing AG offers textile recycling under its division pulp segment. The division pulp produces and procures dissolving pulp, which is the necessary primary and intermediate product for fiber production. To address the enormous textile waste challenges of industry and society, Lenzing has developed a unique upcycling technology branded REFIBRA™. This technology utilizes pre-consumer cotton scraps and post-consumer garments, cotton scraps are transformed into cotton pulp from the textile value chain as raw materials. In October 2022, Lenzing AG partnered with CISUTAC (Circular and Sustainable Textile and Clothing) a project co-founded by EU. By this partnership, Lenzing AG is focusing on scaling up the production of recycling textile waste.

HYOSUNG TNC is one of the global leaders in the manufacturing and distribution of fiber. It produces and supply nylon, polyester yarn, textiles, and dyed, processed fabric products. The company has organized its operation through two segments: Textile and Trading. It offers textile recycling under its textile segment. HYOSUNG has a product portfolio of recycled yarns of major synthetic fibers, ranging from polyester to nylon and to spandex. The company textile recycling is done by regen technology and pre-consumer recycling textile waste is used to makes yarn with by-products generated during manufacturing processes.

Comments

Post a Comment

Popular posts from this blog

Building Thermal Insulation Market : Size Analysis by Key Players, End Users, Technologies, Growth & Forecast 2027

  The report  " Building Thermal Insulation Market  by Material (Glasswool, Stonewool, Plastic Foam), Application (Roof Insulation, Floor Insulation, Wall Insulation), Building Type (Residential, Non-Residential) and Region - Global Forecast to 2027",  will grow to USD 35.3 billion by 2027, at a CAGR of 4.7% from USD 28.0 billion in 2022. Browse  in-depth TOC on  "Building Thermal Insulation Market" 313 market data Tables 63 Figures  274 Pages  Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=510 Building thermal insulation is used to reduce the amount of energy required to heat or cool a house and minimize the amount of heat that escapes during the winter and limits the hot summer air to penetrate the house. It is the most cost-effective measure in climates that have a wide range of annual average temperatures. The resistance to heat flow of insulation is measured or rated in terms of its thermal resistance or R-value. The higher the
Read more

Face Mask Market – Business Opportunities and Global Forecast to 2027

The report " Face Mask Market  by Nature (Disposable, Reusable), Material Type, Type (Surgical, Respirator), End-Use, Distribution Channel (Pharmacy & Drug Stores, Supermarket & Hypermarket, Specialty Stores, E-commerce) and Region - Global Forecast to 2027 "The face mask market is projected to grow from USD 25.1 billion in 2022 to USD 3.0 billion by 2027, at a CAGR of -34.5% from 2022 to 2027. The market is projected to witness tremendous growth from 2018 to 2021, followed by a sharp decrease in the years till 2027. Factors contributing to the exponential growth and then decrease during the forecast period in the spread of the COVID-19 globally, and the possible decrease in the spread of the novel coronavirus after the years 2022. Other factors such as the rise in consumer awareness pertaining to the importance of face masks, and the surge in social media marketing to encourage a positive attitude towards wearing masks, are driving the demand for face masks globally.
Read more

Solar Photovoltaic Glass Market Outlook: Emerging Trends and Forecast to 2027

Solar photovoltaic glass market size is projected to reach USD 21.1 billion by 2027 from USD 6.2 billion in 2022 growing at a CAGR of 27.9%. Solar Photovoltaic Glass, also known as solar PV glass or solar glass, refers to a specialized type of glass that is designed to generate electricity from sunlight. It combines the functionality of traditional glass with the energy-producing capabilities of photovoltaic (PV) technology. Solar Photovoltaic Glass is typically made by integrating thin-film solar cells or crystalline silicon solar cells into the glass structure during the manufacturing process. These solar cells are responsible for converting sunlight into electricity through the photovoltaic effect. The glass serves as a protective and supportive layer for the solar cells, allowing them to function effectively while maintaining transparency. The main purpose of Solar Photovoltaic Glass is to capture solar energy and convert it into usable electricity. It finds applications in various
Read more