Market Size of Textile Waste Management Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 3.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Europe |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Textile Waste Management Market Analysis
The Textile Waste Management Market is expected to register a CAGR of over 3% during the forecast period.
- The textile recycling market is expected to grow because people are becoming more aware of recycling and because they care more about the environment.Furthermore, the COVID-19 pandemic had a detrimental influence on worldwide market growth. The textile recycling industry is facing a setback due to constraints and impediments to executing the pre-recycling process.
- As a result, garments and textiles are stacked up in warehouses, slowing market development. Various initiatives and start-ups are gaining traction in the United States, contributing considerably to the rising rate of textile recycling. ATRS (American Textile Recycling Services) is the donation bin operator for clothes, footwear, and household items donation and collection services. ARTS is constantly extending to new locations around the country, accelerating the expansion of recycling.
- Furthermore, advancements in recycling procedures and new research in the industry are expected to aid market expansion. For example, at the International Conference on Cellulose Fibers in February 2022, LIST Technology AG presented an all-recycled lyocell t-shirt as a major step forward in the textile recycling business. The restricted availability and accessibility of sufficient recyclable material severely limits market expansion. Most of the time, the fabric material is combined, making the sorting procedure and subsequent recycling difficult. Additionally, informal vendors carry out the collecting and sorting process in less developed countries, which has an impact on the overall recycling rate and market expansion.
Textile Waste Management Industry Segmentation
Waste management in the textile industry is defined as the procedures and actions needed to control waste from start to finish. This covers trash collection, transportation, treatment, and disposal, as well as waste management process monitoring and control. It also covers waste-related legislation, technology, and economic systems.
The textile waste management market is segmented by waste (hazardous, plastic, polyester, others), service (open dumping, incinerating, landfilling, recycling), end-user (residential, commercial, industrial, others), and geography (North America, Asia-Pacific, Europe, the Middle East and Africa, and South America).
The report offers market size and forecast values (in USD billions) for all the above segments. The report also covers the impact of COVID-19 on the market.
By Waste | |
Hazardous | |
Plastic | |
Polyester | |
Other Wastes |
By Service | |
Open dumping | |
Incineration | |
Landfil | |
Recycling |
By End-User | |
Residential | |
Commercial | |
Industrial | |
Other End-Users |
By Geography | |||||||||||
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Textile Waste Management Market Size Summary
The textile waste management market is poised for growth, driven by increasing awareness and concern for environmental sustainability. The market is experiencing a resurgence in textile recycling efforts, particularly in regions like the United States, where initiatives such as American Textile Recycling Services are expanding. However, challenges such as the COVID-19 pandemic have hindered progress, causing delays in the pre-recycling process and accumulation of textiles in warehouses. Despite these setbacks, advancements in recycling technologies and processes, such as those presented by LIST Technology AG, are expected to bolster market expansion. The market faces limitations due to the scarcity of accessible recyclable materials and the complexities involved in sorting and recycling mixed fabrics. Informal collection and sorting practices in developing countries further impact the overall recycling rate.
The demand for recycled polyester is gaining momentum, especially in the fashion industry, where companies are increasingly committing to using recycled materials. Innovations in recycling methods, such as those developed by the National Renewable Energy Laboratory, are making polyester recycling more cost-effective and energy-efficient. The Asia-Pacific region is witnessing growth due to government initiatives and the rise of eco-friendly clothing made from recycled materials. The market is characterized by fragmentation, with recycled textiles being utilized across various consumer sectors, spurring competition. Key players like Worn Again Technologies and Re:NewCell are investing in innovative technologies to enhance recycling processes. Partnerships, such as those between Renewcell and Eastman, are facilitating the development of new products using recycled materials, further driving market growth.
Textile Waste Management Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints/Challenges
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1.4 Market Opportunities
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1.5 Value Chain/Supply Chain Analysis
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1.6 Porter's Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Technological Innovations in the industry
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1.8 Government Initiatives to Attract Investment in the Industry
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1.9 Impact of COVID - 19 on the Industry
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2. MARKET SEGMENTATION
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2.1 By Waste
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2.1.1 Hazardous
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2.1.2 Plastic
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2.1.3 Polyester
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2.1.4 Other Wastes
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2.2 By Service
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2.2.1 Open dumping
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2.2.2 Incineration
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2.2.3 Landfil
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2.2.4 Recycling
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2.3 By End-User
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Industrial
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2.3.4 Other End-Users
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 France
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2.4.2.3 United Kingdom
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Bangladesh
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2.4.3.5 Turkey
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2.4.3.6 South Korea
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2.4.3.7 Australia
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2.4.3.8 Indonesia
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2.4.3.9 Rest of Asia-Pacific
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2.4.4 Middle East & Africa
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2.4.4.1 Egypt
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2.4.4.2 South Africa
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2.4.4.3 Saudi Arabia
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2.4.4.4 Rest of Middle East & Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Textile Waste Management Market Size FAQs
What is the current Textile Waste Management Market size?
The Textile Waste Management Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Textile Waste Management Market?
Worn Again Technologies, Veolia Environnement S.A., Boer Group, Re:NewCell and Pistoni S.r.l are the major companies operating in the Textile Waste Management Market.