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 a