According to the latest report by IMARC Group, titled “Europe Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Europe textile recycling market size reached US$ 1,445 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,646 Million by 2027, exhibiting a growth rate (CAGR) of 2.2% during 2022-2027.
Textile recycling involves reprocessing and reusing scraps, fibrous waste materials, old clothing, etc. These materials consist of discarded furniture, tires, clothes, carpets, footwear, or other non-durable goods. Textile recycling offers various economic and environmental benefits, such as curbing chemical dyes, optimum energy and water consumption, minimizing land and water pollution, reducing dependence on virgin fibers, etc.
Market Trends:
The elevating environmental concerns towards industrial discharges from clothing factories that are dependent on raw fabrics are driving the Europe textile recycling market. Furthermore, the growing production of polyester and synthetic fabrics is resulting in high greenhouse gas emissions, which is escalating the need for recycled materials. Additionally, several recycling organizations are introducing attractive cloth bins across public places to collect post-consumer clothing materials.
Moreover, various technological innovations have led to the rising penetration of automated recycling machinery, which is further contributing to the market growth. Apart from this, the emergence of eco-clothes made from recycled textiles, plastics, and other organic raw materials is expected to fuel the market growth over the forecasted period.
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Europe Textile Recycling Market 2022-2027 Competitive Analysis and Segmentation:
Market Segmentation:
The report has segmented the Europe textile recycling market on the basis of product type, textile waste, distribution channel, end use and region.
Based on Product Type:
- Cotton Recycling
- Wool Recycling
- Polyester & Polyester Fibre Recycling
- Nylon & Nylon Fibre Recycling
- Others
Based on Textile Waste:
- Pre-consumer Textile
- Post-consumer Textile
Based on Distribution Channel:
- Online Channel
- Retail & Departmental Stores
Based on End Use:
- Apparel
- Industrial
- Home Furnishings
- Non-woven
- Others
Based on Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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