The emergence of eco-garments made from recycled textiles, plastics and other organic raw materials is expected to boost the market growth during the forecast period.
Sheridan, Wioming, USA, November 14, 2022, / HeinPresswire.com/- IMARC Group’s latest report “𝐏𝐚𝐜𝐢𝐟𝐢𝐜, 𝐏𝐚𝐜𝐢𝐟𝐢𝐜, 𝐓𝐞𝐱𝐭𝐢𝐥𝐞, 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐒𝐢𝐳𝐞, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝟐𝟎𝟐𝟕, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝟐𝟎𝟐𝟕, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝟐𝟎𝟐𝟕-𝟐𝟎𝟐𝟕 𝟐𝟎𝟐𝟕 The size will reach US$1.7 billion in 2021. Going forward, IMARC Group expects the market to reach USD 2 billion by 2027, exhibiting a growth rate (CAGR) of 3.16% between 2022 and 2027.
Textile recycling is a method of reprocessing and reusing scraps, fibrous waste, old clothes, etc. Common sources of these materials include discarded clothing, tires, carpets, furniture, footwear, and other non-durables such as sheets and towels. Textile recycling offers environmental and economic benefits such as reducing water and land pollution, preventing the use of chemical dyes and minimizing reliance on virgin fibres. As a result, the procedure is widely applied across the region in a variety of sectors, including industrial, home furnishings, apparel, and nonwovens.
Growing environmental concerns and growing demand for recycled materials due to waste incineration, raw material depletion, and declining heavy industry emissions from factories are among the major factors driving the textile recycling market in the Asia-Pacific region. It’s one. In addition to this, the initiation of lucrative policies by government agencies to promote reuse of fabrics and second-hand clothes further fuels the growth of the market. In addition, the introduction of eco-garments made from recycled textiles, plastics and other organic raw materials is also catalyzing the market across the Asia-Pacific region. Apart from this, the growing popularity of door-to-door collection of used clothes and the installation of collection bins for clothes in public places also act as important factors driving growth. In addition, escalating shift towards home materials due to their comfort and associated benefits is also stimulating the market growth. In addition, the development of various advanced technologies by major players to perform automated sorting applications is expected to propel the Asia-Pacific textile recycling market over the forecast period.
The competitive landscape of the Asia-Pacific Textile Recycling Market is studied in the report along with detailed profiles of the key players operating in the market.
The report segments the Asia-Pacific textile recycling market on the basis of product type, textile waste, distribution channel, end-use, and country.
• Cotton recycling
• Wool recycling
• Recycling polyester and polyester fibres.
• Recycling nylon and nylon fibers
• Pre-consumer textiles
• Used textiles
• Online channel
• Retail and department stores
• Household goods
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