Textile Recycling Market Size (2024 - 2029)

Textile Recycling Market Analysis

The Textile Recycling Market size is estimated at USD 5.10 billion in 2024, and is expected to reach USD 6.40 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).

According to industry reports, textiles are the fourth highest source of environmental and climatic change pressure in terms of European consumption. The management of used textiles, as well as textile waste, is a major challenge for Europe. Due to the limited capacity for reuse and recycling in Europe, many used textiles collected within the EU are traded and exported to Africa and Asia, where their future is uncertain.

The US International Trade Commission (USITC) reported in October 2023 that the global apparel sector accounted for 1.8 % of global GHG emissions in 2021. The production of downstream materials (textile fibers and fabrics) accounted for about 90 % of the total sector’s carbon emissions. The industry is expected to significantly exceed its carbon emissions target for 2030, which is set in the 1.5°C pathway by the Paris Agreement.

Government policies are important in driving efforts and innovation in the textile waste management industry. They are a reflection of global and national obligations that drive operationalization and technological innovation in the area of textile waste management. For example, in March 2021, the UK government launched a comprehensive Waste Prevention Program to reduce the environmental and social impact of textile waste, as well as in other sectors focused on key areas such as recycling, regulation, compliance, sustainability, value addition, innovation, and entrepreneurship.

Textile Recycling Industry Segmentation

The textile recycling market includes processes and activities involved in the collection, sorting, processing, and reuse of textile and clothing products to extend the life of textile and clothing products and reduce their environmental impact. In the textile and fashion sectors, it aims to remove textiles from landfills, reduce waste, and promote a circular economy.

A complete background analysis of the textile recycling market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and the impact of COVID-19 pandemic, is covered in the report.

The textile recycling market is segmented by material (cotton, polyester and polyester fiber, wool, nylon and nylon fiber, and others), source (apparel waste, home furnishing waste, automotive waste, and others), process (mechanical and chemical), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers market size and forecasts for all the above segments in value (USD).​